US shares rally on projections for additional easing

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Source: Marketwatch
US share markets advanced on Thursday fuelled by investor hopes central banks will provide additional monetary stimulus amid hopes China will face a soft landing. S&P 500 index jumped 1.38% or 18.86 points to 1,387.57 while Dow Jones Industrial Average gained 1.41% or 181.19 points and closed at 12,986.58. Nasdaq Composite index added 1.30% or 39.09 points and finished at 3,055.55.
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Fri, 13 Apr 2012 06:21:34 GMT

Gold futures decreased during Asian trade

Gold futures declined during Asian trading hours on Friday amid broadly stronger US Dollar. US Dollar Index that traces the greenback's value against a set of six main currencies increased by 0.17% to 79.60 US Dollars. COMEX gold for delivery in June traded at 1,675.25 US Dollars per ounce on the New York Mercantile Exchange, declining 0.32%.

Fri, 13 Apr 2012 11:14:20 GMT

European shares close higher on low US rate speculation

European stock markets traded higher on Thursday as investors turned their focus to higher yielding assets on speculation Fed will keep US benchmark rates low. Stoxx Europe 600 index jumped 1.2%, UK FTSE 100 index gained 1.3% and Italian FTSE MIB index added 1.2%. French CAC 40 and German DAX index climbed 1% while Spanish IBEX 35 declined 0.8%.

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