Saturday, 9 June 2012

U.S. Shares End Higher, but Oil, Euro Slide

U.S. equities ended on Friday on a high note, with the benchmark S&P 500 index registering its best week of the year as investors returned to stocks on expectations Spain was closer to getting aid for its troubled banks.
Oil prices fell as diminished hopes for more stimulus from central banks fueled concerns about demand.
The euro slid against the dollar, weighed by a three-notch downgrade to Spain's credit rating and signs of economic weakness in Italy and Germany, though it posted its first weekly gain in six weeks.
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