Market Reports: 27/08/2011
Saturday 27 August 2011
Wall Street posted its first weekly gain in more than a month as the Fed chairman, Ben Bernanke, left the door open for more stimulus measures. The Dow Jones ended up 134.72 points, or 1.21 per cent, at 11,284.54. The S&P 500 rose 17.53 points, or 1.51 per cent, to 1,176.80. The Nasdaq was up 60.22 points, or 2.49 per cent, at 2,479.85. For the week, the Dow rose 4.3 per cent and the S&P gained 4.7 per cent.
European shares ended lower after the US Fed chairman Ben Bernanke announced no fresh measures to boost sluggish growth in the world's largest economy. The FTSE Eurofirst 300 index of leading European shares closed 0.6 per cent lower at 919.03 points in volume at 89 per cent of its 90-day daily average, chalking up a 1 per cent gain for the week after falling by 19 per cent in the previous four weeks.
Japan's Nikkei average ticked up on bargain-hunting and marked its first weekly gain in five weeks, with investors awaiting a speech from the US Fed chairman Ben Bernanke for clues on what steps the central bank will take to support the economy. The benchmark Nikkei 225 index rose 0.3 per cent to 8,797.78 for a weekly gain of 0.9 per cent. The broader Topix index gained 0.6 per cent to close at 756.07.
Jo from Northern Ireland was less than impressed by Russell Brand's attempt to stage a publicity stunt
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
Shock poll shows voters believe Ukip is to the left of the Tories
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
New era of cheap oil 'will destroy green revolution'
Ukip founder Alan Sked and Nigel Farage 'begged Enoch Powell to stand as a candidate'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
iJobs Money & Business
£40000 - £470000 per annum + bonus: Ashdown Group: Java Developer / J2EE Devel...
£45000 - £55000 per annum + Benefits: Ashdown Group: An exciting opportunity h...
$125 - $175 per annum: Carlton Senior Appointments: Senior Wealth Manager In...
$200 - $350 per annum: Carlton Senior Appointments: Managing Producer Office...