US stocks jump on Fed announcement

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Source: Marketwatch
© Scanpix/Reuters

US shares advanced rapidly on Wednesday as Federal Reserve and five major banks approved reducing dollar swap rate measures to aid Europe. Major market indices experienced biggest one day gains since 2009. S&P 500 Index gained 4.3% reaching 1,246.96, Dow Jones Industrial Average and Nasdaq Composite both jumped 4.2% to 12,045.68 and 2,620.34.

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Thu, 01 Dec 2011 07:42:11 GMT

Crude oil prices rise despite US oil supplies increased more than expected

Crude oil futures experienced essential increase on Wednesday despite release of report indicating US crude oil supplies rose more than expected during last week. The move was mainly caused by news on coordinated action by global central banks aimed at injecting liquidity into financial system. On the New York Mercantile Exchange, crude oil futures for delivery in January were traded at $101.44 a barrel at the

Thu, 01 Dec 2011 07:52:59 GMT

China industrial production slows down

Manufacturing surveys published yesterday showed the industrial production has contracted in November.  According to China Federation of Logistics and Planning report production Purchasing Managers' Index dropped to 49.0 of 100 point gauge, declining below October reading of 50.4.The estimate earlier predicted by Dow Jones Newswires was 49.7. IHS Global's analysts claim the index as alarming indicating business environment deterioration. 

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