Dow slightly higher on Coca-Cola and Procter & Gamble shares

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Source: Dukascopy Bank SA
Most U.S. equities retreated on Tuesday after European Central Bank announced it would provide liquidity to Cyprus within existing regulations and rules. Nicos Anastasiades, the Cypriot President, failed to gather support from Parliament for imposing losses on deposit holders that was the key requirement from European officials. The Dow Jones Industrial Average, however, climbed 0.03% to 14,455.82, as Coca-Cola Co., Procter Gamble Co. and Hewlett-Packard rallied 1.5%, 1.3% and 1.2%, respectively. Commodity, consumer services and financial groups paced losses among the ten sectors included in the index.  Caterpillar Inc. declined 1.2% to $88.27, adding to losses in industrials that were 0.2% down. American Express Co led decline in financials that slid 0.1%, as its shares lost 0.1% to trade at $65.13 by the end of the trading session. Alcoa Inc., aluminium producer, plunged 0.9%.


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Wed, 20 Mar 2013 08:43:09 GMT

Gold gains ahead of Fed meeting, Cyprus turmoil

Precious metals were mixed on Tuesday as uncertainty over bailout for Cyprus boosted safe haven appeal of the commodity sector. At the same time, stronger US Dollar and cautiousness ahead of the Fed policy meeting due on Wednesday put heavy pressure on precious metals. Gold attained almost a one-month high as turmoil in the Eurozone continued to buoy safe-haven assets. Moreover,

Thu, 21 Mar 2013 07:26:09 GMT

Bovespa Index declines on iron producer's loss

The Bovespa Index was lower by 1% to 56,389.48 points by midday trading session in Sao Paulo on Tuesday. The index was led by iron-ore producer Mineracao & Meralicoss SA, which posted a bigger loss than analysts estimated in a fourth quarter. Also, the index is dragged down by a weak situation in Brazilian market, as 32 of 46 companies missed earnings

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