S&P 500 index hit one-month record high on Tuesday

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Source: Dukascopy Bank SA
S&P 500 index experienced a relatively successful session on Tuesday and hit a one-month record high as investors awaited the Federal Reserve will confirm additional measures to support struggling economic growth. US benchmark added 0.98% or 13.20 points and finished at 1,357.98. Energy shares supported index on the upside. US Steel extended rally and added 9.5% on better home construction outlook. Retailer J.C. Penney Co fell 8.6% on news its marketing and merchandising manager is leaving. 

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Wed, 20 Jun 2012 12:00:00 GMT

Cable held steady ahead of BoE comments

On Wednesday, the British Pound held steady versus the U.S. Dollar, as traders eyed upcoming comments from the Bank of England. GBP/USD hit the bottom at 1.5774, and consolidated at 1.5729, gaining 0.02% in the European early trading hours. The pair's support was likely to be found at 1.5614, while near-term resistance could be at 1.5756.

Wed, 20 Jun 2012 11:49:00 GMT

Crude, Brent falls as investors wait for U.S. supply data, Fed

Futures for crude edged lower in European morning hours on Wednesday, as market sentiment was determined by Fed's comments and U.S. crude oil inventory data, which will be announced later today. On the NYMEX, July delivery futures of light sweet crude oil were traded at USD83.59 per barrel, losing 0.45% in European morning trade. August delivery contracts lost 0.5% and reached USD83.94.

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