Currently:
Dow 11,893.56 +70.08 +0.59%
Nasdaq 2,549.59 +10.28 +0.40%
S&P 1,221.35 +9.53 +0.79%
-U.S. stocks gained after investors took heart from stronger U.S. economic data, but were off session highs after the head of the International Monetary Fund stoked fears that Europe's sovereign-debt crisis is worsening. Stocks rose after a seasonally adjusted 366,000 workers filed initial jobless claims in the week ended Dec. 10, the Labor Department said, well below forecasts and the lowest since May 2008. The figures were the latest indication that the weak jobs market is slowly building strength. The four-week moving average of new jobless claims fell to the lowest level since July 2008. But stocks lost some steam after IMF Managing Director Christine Lagarde said that the sovereign-debt crisis requires action by countries outside of the European Union and called the global economic outlook "quite gloomy." The comments put some of the focus back on Europe's sovereign-debt crisis.
European stocks advanced, with the benchmark Stoxx Europe 600 Index rebounding from a two-week low, amid speculation that this year’s slump in equities isn’t commensurate with the outlook for corporate earnings. U.S. index futures rose, while Asian shares fell.
CAC 2,982 +5.85 +0.20%
FTSE 5,384 +17.61 +0.33%
DAX 5,718 +42.68 +0.75%
Old Mutual Plc (OML) rallied 9.4 percent after saying it will sell its Nordic business for 2.1 billion pounds ($3.3 billion). TUI AG, the owner of Europe’s largest travel company, climbed after analysts upgraded the stock. Telefonica SA (TEF) dropped after cutting its dividend forecast for the first time in a decade.
Nikkei 225 8,377 -141.76 -1.66%
Hang Seng 18,027 -327.59 -1.78%
S&P/ASX 200 4,140 -50.65 -1.21%
Shanghai Composite 2,181 -47.63 -2.14%
Resistance 3 : $1.5585 (MA (233) H1)
Resistance 2 : $1.5530 (Dec 14 high)
Resistance 1 : $1.5490 (high of the American session on Dec 14)
The current price: $1.5440
Support 1 : $1.5405 (Dec 14 low)
Support 2 : $1.5375 (support line from Dec 9)
Support 3 : $1.5325 (Sep 22 low)
Comments: the pair is on downtrend. In focus support $1.5405.
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