US stocks ended higher on Friday

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Source: Dukascopy Bank SA
US equities ended the week in the positive territory amid encouraging economic data releases. US UoM consumer sentiment was revised up to 73.8 in January compared with the December's figure of 71.4. At the same time, US final PMI showed expansion of the manufacturing activity despite being slightly below estimates. The S&P 500 Index rallied 1.01% to close at 1,513.17. All industries posted gains. The top-performers were telecommunication and industrial companies. CenturyLink and Sprint Nextel went up 1.73% and 1.07%, while Cummins and Emerson Electric added 1.31% and 1.45%. Among other big movers, MetLife jumped 2.30% after announcing it plans to buy the biggest private fund administrator in Chile, BBVA. Meanwhile, automobile producers also advanced on better-than-expected vehicle sales in the US last month. Ford Motor, Goodyear Tire & Rubber and Harley-Davidson climbed 0.54%, 0.22% and 0.65%, respectively. On the downside, Pitney Bowes Inc. tumbled 4.09% after posting weak earnings and profits.
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Mon, 04 Feb 2013 17:06:46 GMT

British construction PMI held at December's 6-month low

Construction output in the U.K. missed economists' projections, as declined again in the month of January, recording the lowest figure since June 2012, the Markit survey showed on Monday. The Markit/CIPS Construction Purchasing Managers' Index stayed unchanged in January from the month before, when it slipped to a six-month low at 48.7 compared to forecast of 49.1."January's survey results are

Mon, 04 Feb 2013 16:32:33 GMT

Pound Gained against Euro ahead of Construction Report

The Pound strengthened versus the Euro ahead of U.K. industry report, which will show construction PMI increased in January, following decline to 87.17 pence per Euro on February 1, the lowest level in 15 months. Sterling appreciated 0.5% versus the Euro and traded at 86.53 pence per Euro. The Pound advanced against 15 of its 16 main peers and gained

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