Dow Jones up 6.1% for 2011

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Source: Dukascopy Bank

Dow Jones Industrial Average Index gained 1.12% or 135.63 points and finished at 12,287.04 on positive news about US long term employment tendencies. All 30 of blue chips constituents surged sending index 6.1% up on a yearly basis with one trading session left. Financials and technology stocks bolstered the index with Bank Of America Corp. surging 3.21% and Hewlett-Packard Company adding 1.67%. General Electric Company gained 1.35% and International Business Machines soared 1.19%.

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Mon, 02 Jan 2012 07:45:37 GMT

Purchasing Managers' Index deteriorates in South Korea and Taiwan

According to HSBC survey manufacturing outlook in Taiwan and South Korea contracted in December. HSBC's production Purchasing Managers' Index (PMI) for Taiwan firms was 47.1, remaining below 50 for a seventh consecutive month. PMI for South Korean companies was 46.40 which is the weakest reading in three years. Both economies suffer from large decline in new orders, said HSBC analysts. 

Fri, 30 Dec 2011 15:31:09 GMT

S&P 500 curtails part of its losses on Thursday

S&P 500 Index gained 1.07% or 13.38 points and closed 1,263.02 partly offsetting previous days' losses as the number of long-term unemployment claims indicated positive trend for US job market. All 10 industries rose within the index, led by financials. J P Morgan Chase & Co gained 2.36% while Morgan Stanley added 2.28%. On the upside also were Masco Corp. and Pultegroup advancing 8.41% and 6.05%

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