US shares pare gains as Bernanke signals no stimulus

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Source: Marketwatch
US shares erased most their daily gains after Fed Chairman Ben Bernake announced the US economy should be reviewed before deciding of additional stimulus. S&P 500 index traded almost flat, slipping 0.01% or 0.14 points to 1,314.99. Dow Jones Industrial Average added 0.37% or 46.17 points and finished at 12,460.96. Nasdaq Composite dropped 0.48% or 13.70 points to 2,831.02.
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Fri, 08 Jun 2012 07:28:28 GMT

European shares advance after China rate reduction

European equities rose on Thursday after China unexpectedly announced it reduced its benchmark borrowing costs by 25bp. Stoxx 600 Europe gained 1.1%, British FTSE 100 added 1.2% and German DAX improved by 0.8%. French CAC 40 index climbed 0.4% and IBEX 35 advanced 0.3% after Spain successfully sold 10-year bonds..

Fri, 08 Jun 2012 08:21:28 GMT

Yen climbs against the Euro ahead of German exports data

Japanese Yen strengthened versus the 17-nation currency on Friday as investors predicted the German exports slumped in April amid worries European debt turmoil is curbing Eurozone's economy. The Yen appreciated 0.7% versus Euro to JPY 99.33 during Asian trading hours. Currently EUR/JPY is trading at JPY 99.15.

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