Dow Jones Industrial Average index 0.1% down on Monday

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Source: Dukascopy Bank
Dow Jones Industrial Average Index erased some of last week gains on Monday, as investors turned their attention to developments in Greece. The blue chip index gave up 0.13% or 17.10 points and finished at 12,845.13 with 6 of 9 sectors posting loss. Boeing Co. tumbled 1.2% on reports the company found a technical issue in its 787 Dreamliner. The aircraft manufacturer claimed there was no safety concern and problem will be fixed soon. Among winning stocks were Bank of America and Procter & Gamble adding 1.7% and 1.2% respectively. 




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Tue, 07 Feb 2012 12:29:41 GMT

French trade deficit surges to record high

French trade gap soared to a record high in 2011, signalling a decline in nation's competitiveness. The trade shortfall widened from EUR 51.1 billion in 2010 to EUR 69.6 billion in 2011, reported trade ministry today. Exports rose 8.6% while imports surged 12%. President Sarkozy proposed to tackle country's trade gap through cutting payroll taxes while increasing the sales tax.

Tue, 07 Feb 2012 14:35:31 GMT

India forecasts weakest growth since 2009

The government of India predicted the nation's economy will expand at slowest pace in three years, putting extra pressure on Reserve Bank of India to cut interest rates. Government predicts annual GDP to increase by 6.9% starting from March. India's economy grew 8.4% in period 2010-2011. The growth slowed down after central bank raised benchmark rates starting from 2010 until October 2011. 

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