U.S. shares gain as German data bosts nation's outlook

Note: This section contains information in English only.
Source: Dukascopy Bank SA
U.S. stocks advanced as Germany's investor confidence rose more than expected in December and positive outlook for the federal budget talks in Washington. Optimism is rising for Germany to gather momentum in the year 2013. The S&P 500 index added 0.7% to 1,427.84, after earlier peaking 1.1% higher. The gauge is about 0.1% from erasing its loss since November 6 when Obama was re-elected.

All sectors within the index rallied with Technology surging 1.47%, Telecommunications adding 1% and Health care increasing 0.99%. Utilities advanced the least by 0.17%. Among the best performing companies was Trip Advisor that advanced the most in the S&P 500, by adding 6.56% to $40.91, after Liberty Interactive Corp. purchased around $300 million of its shares, gaining voting control. Furthermore, American International Group edged 5.7% higher as the U.S. Treasury department sold all of its remaining shares in AIG. The companies performing the most were Family Dollar Stores with an 8.36% drop to $64.69, Dollar Tree with a 3.70% decline to $37.98 and Best Buy Corporation by losing 2.26%.

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Wed, 12 Dec 2012 10:42:55 GMT

Oil is slightly changed on increasing U.S. stockpiles ahead OPEC meeting

Crude oil futures for January settlement were up by 11 cents to $85.90 a barrel on the New York Mercantile Exchange during Asian trading hours on Wednesday. Crude oil inventories in the U.S. were 4.27 million barrels higher in last week, what was the best result since August, but commodities investors wait for an OPEC meeting, which is held today

Wed, 12 Dec 2012 11:04:53 GMT

India's industrial output recovers in October

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