S&P 500 retreated on Friday

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Source: Dukascopy Bank
After three straight red sessions S&P 500 index retreated and traded slightly higher on Friday supported by financial and energy shares. US benchmark added 0.31% or 4.33 points and finished at 1,397.11. Discover Financial and Nabors Industrials each climbed 4% posting the biggest gains for the index. On the downside Micron Technology shed 3.8% after company revealed larger than expected loss. Nike fell 3% despite reporting better than expected EPS for the third quarter. 

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Mon, 26 Mar 2012 11:42:45 GMT

Precious metals rebounced on Friday on the weaker US Dollar

Precious metals rebounded on Friday after posting losses for the previous days. Broadly weaker US Dollar and stronger equities both created a fresh stimulus for the precious metals rally. Gold managed to climb from the 10-week low after the ECB increased its bond purchases. Moreover, slowing Indian growth that may force the government to ease monetary policy continued to lend

Mon, 26 Mar 2012 13:11:55 GMT

Asian stocks faced choppy session on Monday

Asian markets traded mixed on Monday as investors remained cautious ahead of economic statistics from Europe and US due this week. Hong Kong's Hang Seng index was flat at 20,668.86, Shanghai Composite added 0.1% and Australian S&P/ASX 200 fell 0.2%. South Korea's Kospi tumbled 0.4% and Japan's Nikkei 225 index climbed 0.1%. 

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