S&P 500 index slips 0.3% on Tuesday

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Source: Dukascopy Bank
S&P 500 index retreated from recent rally and declined on Tuesday after Billiton announced the demand for steel from China was falling. US benchmark index lost 0.3% or 4.23 points to 1,405.52. Oil and gas sector contributed most to the downside. Tiffany surged 6.7% to USD 73.27 as stock market rally encouraged jewelry purchases. Apple jumped 0.8% to a new record of USD 605.96 a share. Adobe gave up 3.9% on news its profit for second quarter will miss analyst expectations. 

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Wed, 21 Mar 2012 10:28:13 GMT

Dow Jones Industrial Average index tumbles on lower resource demand from China

Dow Jones Industrial Average index declined on Tuesday as China raised gasoline and diesel prices. Blue chip index edged down 0.52% or 68.94 points and settled at 13,170.19. Walt Disney Co fell 0.5% after company said it predicts  science-fiction film John Carter to lose around USD 200 million. Resource demand dependent Caterpillar and Alcoa tumbled 2.6% and 1.5% respectively. Bank

Wed, 21 Mar 2012 09:56:49 GMT

Loonie depreciates on China demand concerns

Canadian Dollar weakened from nearly 6-month record high against US Dollar on rumours China economy keeps slowing down. Canada's currency depreciated 0.5% against its US counterpart on Tuesday to CAD 0.9915. Loonie became weaker also versus Euro and Swiss Franc. Currently USD/CAD is trading at CAD 0.9887.

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