U.S. stocks erase their gains as investors wait for the new corporate earnings season

Note: This section contains information in English only.
Source: Dukascopy Bank SA
U.S. equities dropped on Monday as investors stepped back to the side lines, awaiting the beginning of the new corporate earnings season starting on Tuesday. The S&P index tumbled 0.3% to 1,461.89 after closing at its highest since 2007 last week. All but two sectors declined in the gauge. Celgene Corp, global bio-pharmaceutical company, was the best performer with its shares rallying 4.4% and triggering an increase in the health care group that gained 0.35%. Windstream Corporation, in turn, added 3.8% to $9.67, pacing gains in the best-performing telecommunications sector. Further losses in consumer services sector were halted by Amazon.com that surged 3.6% after Morgan Stanley upgraded the company's rating. Meanwhile, First Solar shares erased 6.6% to $31.37, prompting a 0.31% decline in the technology sector, while Tesoro Corp paced losses in the oil and gas sector by losing 5.5%. Furthermore, QEP Resources Inc. also lifted a drop in oil and gas shares by tumbling 5.1% to $29.78. Archer-Daniels-Midland Co. lost 4.1% to $28.01 after its share was downgraded to underweight by JPMorgan.

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Tue, 08 Jan 2013 08:48:26 GMT

Canada Dollar rises on a business gauge increase

The Canadian Dollar, also known as Loonie, increased by 0.1% versus the U.S. Dollar to 98.59 cents in the end of Toronto trading session on Monday. The Loonie increases for the second day against the U.S. counterpart, as a gauge of business activity exceeded estimations in December, signalling faster economic growth. The actual number was 52.8, following 47.5 in November,

Tue, 08 Jan 2013 11:25:05 GMT

Asian stocks fall as Japan exporters decline

Asian shares declined, pushing the regional benchmark index lower, as Japanese exporters fell after the Yen advanced and as HTC Corp. earnings missed estimates. The MSCI Asia Pacific Index slid as much as 0.8% to 130.52, snapping gains of 0.3%. Japan's Nikkei 225 Stock Average fell 1.2% and South Korea's Kospi Index slipped 0.6%, while Taiwan's Taiex Index declined 0.7%. 

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