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US stocks jump one per cent

Written By Unknown on Kamis, 11 Juli 2013 | 09.16

US stocks have surged higher, following global equity markets that greeted fresh comments from Federal Reserve Chairman Ben Bernanke.

He says monetary policy will remain accommodative until the economy improves.

Five minutes into trade on Thursday, the Dow Jones Industrial Average jumped 152.88 (1.00 per cent) to 15,444.54.

The broad-based S&P 500 rocketed 17.65 (1.07 per cent) higher to 1,670,27, while the tech-rich Nasdaq Composite Index rose 40.11 (1.14 per cent) to 3,560.87.

Bernanke, responding to questions following a speech in Boston, said "highly accommodative monetary policy for the foreseeable future" was needed given the weak labour market and low inflation.

Bernanke's comments made clear that while the Fed may taper its bond-buying program this year, such a move did not imply a rise in interest rates.

Leading Asian equity markets rose as did European exchanges, with Germany's DAX index up 1.1 per cent and France's CAC 40 index up 0.8 per cent.

The jump in stocks came despite a rise in initial US jobless claims to 360,000 in the week ending July 6, above the 345,000 expected by analysts.


09.16 | 0 komentar | Read More

Karadzic genocide charge reinstated

THE UN's Yugoslav war crimes court has reinstated a genocide charge against former Bosnian Serb top leader Radovan Karadzic.

The court overturned an earlier decision by trial judges on appeal.

"The Appeals Chamber... reverses the Trial Chamber's acquittal of Mr Karadzic for genocide in the municipalities... and reinstates the charges," Judge Theodor Meron told the International Criminal Tribunal for the former Yugoslavia.

Karadzic now faces 11 charges for genocide, war crimes and crimes against humanity.


09.16 | 0 komentar | Read More
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