Gold rallies on pessimistic news from the EU and US

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Source: Forexpros
Gold futures increased during Asian trade on Tuesday amid disappointing reports that Spain is falling back into crisis coupled with poor manufacturing performance in the US. COMEX gold June contract traded at 1,669.95 US Dollars per troy ounce on the New York Mercantile Exchange, advancing by 0.17% since opening.
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Tue, 01 May 2012 09:41:46 GMT

S&P ASX 200 rallies on RBA interest rate cut

Australian S&P ASX 200 index rallied on Tuesday after Reserve Bank of Australia unexpectedly cut the key interest rate from 4.25% to 3.75%. Australian benchmark advanced 0.75% or 32.90 points and closed at 4,429.50 lifted by surprised investors who predicted a 0.25 percentage point reduction. Woodside Petroleum jumped 3.7% on news it will sell its stake in Browse gas-export project

Tue, 01 May 2012 09:19:46 GMT

Nikkei 225 index down on stronger Yen and earnings

Japan's Nikkei Stock Average fell on Tuesday pushed by appreciating Yen which strengthened on Spain's recession amid several disappointing earnings reports. Nikkei 225 index fell 1.78% or 169.94 points and settled at 9,350.95. Crystal display manufacturer Sharp tumbled 9.3% after predicting a bigger than expected loss. Tokyo Electron fell 8.3% after the chip-equipment producer announced its net income dropped more

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