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S&P hits 1,400 on hopes for central bank action
Aug 7th, 2012
NEW YORK (Reuters) - U.S. stocks rose for a third day on Tuesday in light volume, pushing the S&P 500 above 1,400 for the first time since early May, on cautious optimism the European Central Bank will act soon to contain the bloc's debt crisis. Markets continued their rise after an upswing on Friday when investors embraced ECB President Mario Draghi's comments about restoring calm to the euro zone's troubled bond markets. Since then, good news out of Greece and declines in Spanish and Italian yields from peaks above 7 percent have kept sentiment positive. ... (Source: Reuters) -
By Ayai Tomisawa TOKYO (Reuters) - The Nikkei share average surged to a fresh 5-1/2 year high on Monday, buoyed by further weakness in the yen and optimism over the growth outlook after the Japanese government raised its assessment of the economy for the first time in two months. Signs of an improving U.S. economy and Wall Street's record clos... [Full Article]
Reuters Market Eye - Shares in Mahindra and Mahindra Ltd gain 3.8 percent, after stocks of its subsidiary Ssangyong Motor Co Ltd hit a 16-month high, dealers say. Shares in Ssangyong Motor jumped as much as 13.5 percent on Monday amid expectations the ailing automaker may post a profit this year. Ssangyong Motor's factory utilisation and sales... [Full Article]
NEW YORK (Reuters) - World stock indices hit their highest levels in almost five years on Tuesday, with the German benchmark joining the S&P 500 at a record high after unexpectedly strong data amid signs top central banks will remain supportive of growth. Wall Street edged up at the open, with the S&P touching an intraday high of 1,623.74. ... [Full Article]
JERUSALEM (AP) - A gunman stormed into a bank in the southern Israeli city of Beersheba Monday, killing four people in a gunfight and taking a hostage before killing himself, police said. (Source: Associated Press)... [Full Article]
By Belinda Goldsmith CANNES (Reuters) - After countless broken bones and smashed teeth, Jackie Chan has given up doing his own stunts and wants more serious roles but the Kung Fu actor says he will never stop being an action star despite earlier plans to quit big action movies. At the Cannes film festival to promote his upcoming film "Skiptrac... [Full Article]
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