US stocks close higher as Berlusconi intends to resign

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP

After shifting session, US securities ended higher on Tuesday as Silvio Berlusconi offered to resign after vote on austerity measures.  S&P 500 Index added 1.2% reaching 1,275.92, Dow Jones Industrial Average gained 0.8% and climbed to 12,170.18, while Nasdaq Composite Index edged up 1.2% and closed at 2,727.49. Nevertheless, Stephen Wood, Russell Investments chief market strategist claims EU political environment to be rather uncertain.

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Wed, 09 Nov 2011 11:59:45 GMT

Aussie drops ahead of release of employment report

Australian dollar declined against the yen for a fourth straight day as tomorrow's employment article is expected to report an increase in unemployment. According to economists questioned by Bloomberg, country's unemployment rate is expected to rise from 5.2% in previous month to 5.3% in October. During Sydney trading session Aussie lost 0.6% reaching ВҐ80.32 at 5:17 p.m. The pair currently is trading at 79.40.

Thu, 10 Nov 2011 13:17:52 GMT

British Pound to reach a monthly record high against Euro

The Pound is about to reach one-month record high against Eurozone currency. The appreciation of Pound takes place ahead of Berlusconi's budget vote and suggest British assets to be safe investment. On Nov 1 EUR/GBP reached 0.8548, the highest since Oct 4. Today the Sterling traded 0.8574 pounds per euro at 9.06 a.m London trading session.

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