European shares jump on Spanish auction and US data

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Source: Marketwatch
European stock markets rallied on Tuesday after Spain successfully sold its debt and data showing US building permits climbed more than predicted in March. Stoxx Europe 600 gained 2%, Italian FTSE 100 MIB index rallied 3.7% and IBEX 35 index jumped 2.3%. French CAC 40 index and German DAX index each added 2.7% while FTSE 100 index climbed 1.8%. 
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Wed, 18 Apr 2012 07:27:32 GMT

US shares rally as European concerns step back

US stocks soared on Tuesday as investors sentiment  improved after Spanish debt auction. S&P 500 index gained 1.55% or 21.21 points and closed at 1,390.78. Dow Jones Industrial Average jumped 1.50% or 194.13 points to 13,115.54 while Nasdaq Composite surged 1.82% or 54.42 points to 3,042.82. 

Wed, 18 Apr 2012 07:03:38 GMT

Obama calls for raising penalties for oil price manipulation

President Barack Obama proposed to raise criminal and civil penalties for firms and individuals who involve in market manipulation through buying large amounts of oil thus making a perception of crude deficit. Obama called for increase financing for the agency that monitors commodity markets. Republicans, however, claim President's energy policies are the main cause of the surge in oil prices.

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