Saturday, 25 February 2012
U.S. Treasury debt prices rose on Friday as lingering worries about Europe's debt crisis and concerns over soaring oil prices stoked safe-haven demand for bonds, giving longer-dated issues their best week in four weeks.
The FTSE-100 miner, which has underperformed the sector by more than 25 percent since the start of last year, currently has a structure with over a dozen units, none fully owned and several separately listed, producing everything from oil to aluminium to copper and zinc.
U.S. crude's benchmark front-month contract in New York finished Friday's trading up 1.8 percent at $109.77 a barrel, its highest settlement since May 3. For the week, the market rose 6.3 percent, its most since the week to Dec. 23.
London Metal Exchange (LME) benchmark copper climbed $140.50 to end at $8,530.50, its strongest level on a closing basis since Feb. 9, when it closed at $8,760 after touching a multi-month peak at $8,765.
The S&P 500 rose on Friday to close at the highest level since before the collapse of Lehman Brothers in 2008, continuing a pattern of steady gains on signs of US economic recovery.
The Dow Jones industrial average dipped 1.74 points to close flat at 12,982.95. The S&P 500 Index gained 2.28 points, or 0.17%, to 1,365.74. The Nasdaq Composite rose 6.77 points, or 0.23%, to 2,963.75.
Friday, 24 February 2012
Wall Street stocks rose on Thursday after data showed the U.S. labor market remained on the mend, but the market stalled as it approached highs not seen since before the 2008 collapse of Lehman Brothers.
MSCI's broadest index of Asia Pacific shares outside Japan .MIAPJ0000PUS was up 0.2 percent, led by the growth-sensitive technology sector .MIAPJIT00PUS. It was set for a weekly loss of 0.2 percent.
Benchmark 10-year Treasury notes last traded up 5/32 in price for a yield of 1.98 percent, down almost 2 basis points from late Wednesday. They were down 13/32 earlier with a yield of about 2.05 percent.