Dow Jones Industrial Average index jumps 1.2% on Monday

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Source: Dukascopy
Dow Jones Industrial Average index advanced sharply on Monday as Ben Bernake fuelled speculations central bank is likely to continue its economy-stimulating policy. Blue chip index  jumped 1.23% or 160.90 points and settled at 13,241.63 with 29 of 30 stocks posting gains. Financial shares contributed most to the index. American Express added 2.5% on news it will increase its quarterly dividend from USD 0.18 to USD 0.2. JP Morgan Chase soared 2.2%. 

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Tue, 27 Mar 2012 12:07:27 GMT

Hang Seng index gains 1.8% on news from Federal Reserve

Hong Kong's Hang Seng index followed its American counterparts on Tuesday and climbed sharply on Federal Reserve news. Hang Seng index surged 1.83% or 378.05 points and finished at 21,046.91. Commodities supported the index on the upside with Aluminum Corp. of China gaining 4.1% and Jiangxi Copper advancing 3.8%. China Life Insurance rallied 2.7% despite reporting a 45% fall in

Mon, 02 Apr 2012 09:10:13 GMT

Bernanke: Fed to 'remain cautious'

Ben Bernanke, chairman of Fed, hinted that the central bank of the US is likely to continue its economy-stimulating measures, citing overall weakness of the US job market despite increased hiring in the last three months. He also claimed that Fed has to 'remain cautious', which was interpreted by many analysts as a sign of maintaining record low interest rates

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