US shares experience a choppy session on Monday

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Source: Marketwatch
US stocks closed mixed on Monday as worsening global outlook compounded with hopes for Fed stimulus. S&P 500 traded almost flat, 0.01% or 0.14 points up at 1,278.18 while Dow Jones Industrial Average shed 0.14% or 17.11 points and finished at 12,101.46. Nasdaq Composite gained 0.46% or 12.53 points, settling at 2,760.01.

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Tue, 05 Jun 2012 07:00:16 GMT

US factory orders fell in April

US new factory orders dropped in April, indicating a fall for the second consecutive month. New orders for manufacturing goods declined by 0.6% in April as compared to a 2.1% decrease in the preceding month. Experts predicted new factory orders to rise by 0.1% in April. Disappointing factory orders data coupled with weak labour market added to worries that US

Tue, 05 Jun 2012 09:13:19 GMT

Loonie hits 6-month low before central bank meeting

Canadian Dollar hit a 6-month record low ahead of Bank of Canada meeting due Wednesday. Policy makers are predicted to postpone higher interest rates. Canadian currency closed at CAD 1.0394 yesterday. Yields on 10-year bonds keep fluctuating close to record lows since 1950s as investors perceived country's assets as save haven. 

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