Dow gains on improving U.S. economy

Note: This section contains information in English only.
Source: Dukascopy Bank SA
U.S. equities moved up on improving prospects for the budget deal for 2013 to halt the so-called "fiscal cliff". Optimism was raised on improving data for the nation's economy, as fewer Americans filed applications for jobless benefits. The unemployment claims declined by 25,000 to 370,000 at the end of the last week. The Dow Jones Industrial Average increased 0.3%, or 39.55 points, to 13,074.04. All but two sectors edged higher, as Financials tumbled 0.48% and Health care did not post any changes. Among sectors advancing the most were Oil and gas, Technology and Consumer goods by rallying 0.80%, 0.63% and 0.57%. Intel Corporation gained the most by surging 1.36% on speculation the chipmaker might manufacture mobile chips for Apple. Intel also announced the company's outgoing chief executive, Paul Otellini, is likely to be replaced by an internal hire. Two other top performers were Cisco systems and McDonald's Corporation by adding up 1.25% and 1.29%, respectively.  The only sector falling was Financials with a 0.5% decline. The worst performing company was Travelers Cos by tumbling 1.15%, Walt Disney and AT&T by losing 1.07% and 0.77%, respectively.


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Fri, 07 Dec 2012 13:05:40 GMT

Pound Advanced against Euro on Lower Forecasts for German GDP

The Pound reached two-week high versus the Euro on the Bundesbank decreased 2013 projections for German GDP growth from 1.6%, forecast earlier in June, to 0.4%. Sterling advanced 0.1% against the Euro and traded at 80.68 pence per Euro, the highest in two weeks. Weekly gain was 0.5%, the highest since the week ended on October 26. The Pound fell

Fri, 07 Dec 2012 12:43:41 GMT

US shares advance on Apple's rebound

U.S stocks advanced for the second consecutive day. The gains were driven by improving prospects in reaching the budget deal and the rebound of Apple Inc. from its biggest decline in four years. Experts said the rise in Apple stock has helped the overall market. In addition, U.S. economic data suggest the economy persists to grow, lately supported by better-than-expected

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