US equity markets trade higher on Tuesday

Note: This section contains information in English only.
Source: Marketwatch
US stock markets finished up on Tuesday lifted by news that Greece is close to finding consensus on its austerity measures to get bailout money and Ben Bernake confirmed the Federal Reserve will stick to low interest rate despite optimistic employment data. S&P 500 index gained 0.2% or 2.72 points and closed at 1,347.05, Dow Jones Industrial Average index added 0.26% or 33.07 points and finished at 12,878.20. Nasdaq Composite traded close to flat, advancing 0.07% or 2.72 points and settling at 2,904.08.
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Wed, 08 Feb 2012 07:56:47 GMT

Papademos postpones his meeting with Greek parties

Greek PM Lucas Papademos decided to postpone the meeting with leaders of Greece's three main political parties for the second time in few days. Instead Papademos prepares to meet so called Troika or ECB, IMF and European Comission to finalize details of measures required to receive EUR 130 billion bailout package. 

Wed, 08 Feb 2012 10:33:51 GMT

Chinese government to support first time home purchasers

People's Bank of China is preparing to ease lending rules for first time house buyers to ensure cheaper house projects. Wei Yao, economist at Societe General admitted the decision is likely to spur private demand in rapidly fading property market. Nevertheless, Yao does not expect softer requirements for developers as the government still fears to fuel speculative demand. 

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