US shares pull back on housing data

Note: This section contains information in English only.
Source: Marketwatch
US stocks pared the gains on Thursday after data showed the sales of new homes unexpectedly dropped in December, putting pressure on investor sentiment. S&P 500 index lost 0.57% or 7.62 points and closed at 1,318.43, while Dow Jones Industrial Average index edged down 0.18% or 22.33 points to 12,734.63. Nasdaq Composite fell 0.46% or 13.03 points and settled at 2,805.28.
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Fri, 27 Jan 2012 11:44:22 GMT

Natural gas tumbled despite supply decline

Natural gas futures tumbled on Thursday despite IEA report on the essential fall in natural gas stockpiles last week. Natural gas futures for delivery in March traded at USD2.654 per million British thermal units at the US last session, on the New York Mercantile Exchange, losing 4.17%.

Fri, 27 Jan 2012 11:20:37 GMT

Portugal is unlikely to default

Portugal faced increased pressure from investors as they expect the country to be the next to default. The yield on 10-year sovereign bonds soared above 15%, the record high level in the Euro Zone. The country's credit rating was downgraded to selective default by Standard's &  Poor's two weeks ago. However, Portugal has started to make progress towards debt crisis

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