Gold finds supports in the IMF decision to boost lending capacity

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Source: Forexpros
Gold prices edged up on Thursday following the release of data that the IMF was weighing the possibility to increase lending capacity by $500 billion in case struggling EU members need more funds. The news stimulated appreciation of the EUR against the USD that pushed the gold prices higher. COMEX gold February contract traded at USD1,662.35 a troy ounce, on the New York Mercantile, advancing 0.15%.
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Thu, 19 Jan 2012 13:33:58 GMT

S&P 500 Index jumps, lifted by banks

S&P 500 Index rallied on Wednesday supported by the financials on the upside. US benchmark index added 1.11% or 14.37 points and finished at 1,308.04 with all 10 sectors posting gains. Goldman Sachs jumped 6.8% after the bank reported 58% or less than expected drop in profits. Morgan Stanley, which due to report earnings on Thursday morning, also advanced 6.8%.

Thu, 19 Jan 2012 12:15:14 GMT

Carrefour faced a 0.8% decline in sales in Q4

Carrefour announced a 0.8% decrease in sales to EUR24.2 billion in Q4. The company blamed deteriorated economic environment that impacted non-food sales. In Europe sales declined by 4.3% while in Latin America sales increased by 6.8% and in Asia revenues added 2.8%. Carrefour sales for the whole year lost 0.6% on comparable basis.

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