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Archive for  December 2012

  • US stocks fell for a third straight day on Wednesday, dragged lower by retail stocks after a report showed consumers spent less in the holiday shopping season than last year. Trading was light, with volume

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    • News Desk
    • Dec 28th, 2012
    • Comments Off on Egypt’s bourse rebound; Gulf markets mixed

    Egypt's bourse bounced from a nine-day low on Thursday, as foreign investors' buying interest continued to support stocks despite political instability and economic worries. Gulf markets were mixed amid a lack of positive catalysts. Cairo's

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  • US Treasuries gained in price on Wednesday in light, post-Christmas trading, on chances of new volatility over fears about tax increases and spending cuts due to kick in as early as next week. A package

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  • US Treasuries gained in price on Wednesday in light, post-Christmas trading, on chances of new volatility over fears about tax increases and spending cuts due to kick in as early as next week. A package

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    • News Desk
    • Dec 28th, 2012
    • Comments Off on Hong Kong shares test fresh 17-month high; China snaps winning streak

    Hong Kong shares tested fresh 17-month intra-day highs in holiday-thinned Thursday trade, led by growth-sensitive Chinese counters as investors caught up on strong gains in mainland markets during the 2-1/2 day break taken for Christmas.

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    • News Desk
    • Dec 28th, 2012
    • Comments Off on US budget worries peg back European shares

    Fresh concerns that the United States may fail to reach a deal to avoid growth-sapping fiscal measures weighed on European shares on Thursday, although most traders still felt an agreement would be reached. The pan-European

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  • Taiwan stocks rose 0.2 percent on Thursday, with smartphone maker HTC rallying 6 percent amid local media reports that its new Butterfly phones have triggered stronger-than-expected demand in Japan. The main TAIEX index closed 14.22

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  • Southeast Asian stock markets posted small gains after a subdued session on Thursday amid cautions about a resolution to the US fiscal cliff, but the Philippines bucked the trend on losses in recent rallying large

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  • Seoul shares inched up in thin trade on Thursday, as investor hopes for progress in US fiscal talks offset the effect of stocks going ex-dividend. The Korea Composite Stock Price Index (KOSPI) closed up 0.26

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  • Britain's top share index closed flat on Thursday after comments from a top US lawmaker in US budget negotiations sparked a sell-off in shares, which had been boosted by a recovery in Chinese industrial data.

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