Australia's S&P ASX 200 index lifted by miners on Monday

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Source: Dukascopy Bank
Australian S&P ASX 200 index followed its US peers on Monday and appreciated, supported mainly by mining shares. Australia's benchmark index advanced 0.79% or 34.50 points and closed at 4,396.60 with basic materials and technology sectors posting the biggest gains. Integra Ming rallied 8.3% while Saracen Mineral surged 6.4%. On the downside Imdex Ltd slumped 5.3% and Dart Energy gave up 5%. On monthly basis Australian index has gained 1.4%. 

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Mon, 30 Apr 2012 15:24:46 GMT

FTSE 100 index tumbles on resource prices

FTSE 100 index traded lower on Monday weighed down by mining stocks amid falling oil and metal prices. Randgold Resources dropped 1.7% after Nomura  downgraded the company from neutral to reduce citing political turmoil in Mali. Man Group provided negative impact on the British index and slipped 4.8% a day before company's first-quarter earnings. On the upside British Sky Broadcasting

Mon, 30 Apr 2012 20:01:45 GMT

US consumer spending rose by 0.3% in March

US consumer spending surged in March, adding to the previous gains as incomes increased. Household purchases that account about 70% of the US economy surged by 0.3%, following a 0.9% increase in February. Experts projected consumer spending to rise by 0.4%. Meanwhile, incomes eased up 0.4%, indicating the largest increase in the last three months.

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