Dow close to its highest level since 2007

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Source: Dukascopy Bank SA
U.S. blue chips advanced as U.S. housing starts rose 12.1% to 954,000 in December to 954,000 on annual basis and the number of unemployment claimants dropped by 37,000 to 330,000, the lowest level since January 2008, last week. The Dow Jones Industrial Average advanced 0.6% to 13,596.02. All but one sector gained in the index. Intel Corp. shares surged 2.6%, followed by Home Depot that gained 1.9% to $65.05 to pace gains in the consumer services sector that was 0.9% up, the biggest gain in the gauge. Furthermore, Walt Disney rallied 1.7% also contributing to the increase in consumer services. Meanwhile, financials was the only group pairing losses, as Bank of America declined 4.24%, as it was one of the lenders which aims at informally disclosing terms to group of potential buyers of the bridge loan. JPMorgan Chase&Co also was to pace losses in financial shares as it slid 0.81% to $46.44. Furthermore, Hewlett-Packard lost 0.6%, capping a further increase in technology sector that was 0.59% up.
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Fri, 18 Jan 2013 13:20:07 GMT

Nikkei rebounds from its losses earlier this week

Japanese stocks reversed their previous losses this week and edged higher after reports showed the economic data in China improved and U.S. economy showed some positive signs with improving housing and less jobless claims. In addition, the Yen traded close to is lowest level in 30 months. The Nikkei Stock Average rallied 2.9% and reached its highest level in more

Fri, 18 Jan 2013 17:49:44 GMT

U.S. stocks rally on better than expected housing and jobless data

U.S. equities rallied, with the Standard & Poor's 500 Index peaking at its five-year high on initial unemployment claims that beat the estimates and better than expected housing data. The S&P 500 climbed 0.6% to close at 1,480.94. All but one sector edged higher within the gauge. Cbs Corp.soared 1.7% to $40.95 as the company's owner revealed its plans to

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