S&P 500 rallies on US jobs data

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Source: Dukascopy Bank
S&P 500 index rallied on Friday, fuelled by US government job report, showing higher-than-expected hiring and a drop in the unemployment level. US benchmark index jumped 1.46% or 19.36 points and settled at 1,344.90 with all 10 sectors posting substantial gains, driven by financial shares. Genworth Financial surged 14%, after the insurer reported it returned to profit in 4th quarter. On the downside Edwards life tumbled 11.3%. On weekly basis S&P 500 index added 2.2%.








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Mon, 06 Feb 2012 12:14:55 GMT

Canadian Dollar gains on positive US employment data

Canadian currency appreciated for a fourth straight week as positive US economic data amid manufacturing growth in Europe and China spurred demand for higher yielding assets. Loonie strengthened 0.9% against greenback to CAD 0.9934, the longest gain streak since October 28. USD/CAD currently is trading at CAD 0.9972.

Mon, 06 Feb 2012 11:05:46 GMT

Crude drops on Greece debt struggle

Crude oil declined from three day record high on investor concern Greece may fail to avoid financial collapse, harming fuel demand. Oil futures due March gave up 78 cents and traded at USD 97.06 per barrel. On year to day basis oil has declined 1.6%. March delivery Brent oil lost 22 cents to USD 114.36. 

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