US share markets climb on Fed decision and JP Morgan dividends

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Source: Marketwatch
US stock markets rallied on Tuesday after Federal Reserve decided to maintain record low interest rates and JP Morgan increased its dividend by 20%. Retail data also supported major stock indices. S&P 500 jumped 1.81% or 24.86 points and closed 1,395.95, Dow Jones Industrial Average index added 1.68% or 217.98 points to 13,177.68, the biggest daily gain since December 20. Nasdaq Composite rallied 1.88% or 56.22 points and settled at 3,039.88, surpassing 3,000 border first time since 2000. 
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Wed, 14 Mar 2012 10:06:47 GMT

Loonie strengthens on US growth

Canadian Dollar climbed versus most of its counterparts on Tuesday as advancing growth in US boosted optimism for global economic development. Demand higher yielding assets such as equities and fuel surged. Canadian currency gained 0.4% against greenback to CAD 0.9886. Currently USD/CAD is trading at CAD 0.9905.

Wed, 14 Mar 2012 09:25:19 GMT

Oil climbs on stronger US economy outlook

Crude oil trade close to two-day record high on Wednesday on investor forecasts improving US economic data may boost demand for fuel. April crude gained USD 0.12 to USD 106.83, extending gains from yesterday. On year to day basis oil have climbed 8.1%. Brent oil to be delivered in April slipped USD 0.01 to USD 126.21. 

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