Asian stocks advance on U.S. manufacturing and China's services

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Source: Bloomberg
Asian shares advanced, pushing the regional benchmark index to the highest in 17 months, as U.S. manufacturing expanded and China's services sector sparked optimism in the world economic recovery. The MSCI Asia Pacific Index outside Japan climbed as much as 0.4% to 477.92. Hong Kong's Hang Seng Index added 0.3%, while Australia's S&P/ASX 200 jumped 0.7% to the highest level since May 2011.
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Thu, 03 Jan 2013 09:37:26 GMT

U.S. equities inch higher as budget deal averts "fiscal cliff"

U.S. blue chips rallied on Wednesday, as a budget deal was reached to halt the so-called "fiscal cliff" effect with automatic tax increases and spending cuts that would push the world's biggest economy into recession. The Dow Jones Industrial Average added 2.4% to 13,412.55 with all 30 stocks in the index edging higher. Investors' confidence was also boosted up by

Thu, 03 Jan 2013 11:04:55 GMT

Canadian Dollar at the highest level in three months amid U.S. cliff deal

The loonie advanced to a tree-month high versus the greenback as the U.S. House launching a deficit-reduction plan to avert automatic tax increase and prevent the threat of the U.S. economy's recession. The Canadian Dollar strengthened versus the majority of its main counterparts after the approvement of budget deal by the U.S. House and climbed 0.9% to 98.49 cents per greenback.

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