Stocks post small gains after Wednesday’s big rally $BRU:xasx

Last Updated on Friday, 02 December 2011 09:22
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  • Stocks retreated after improving manufacturing growth was not enough to extend the best three day rally since 2009
  • Spanish and French bonds rallied following on from successful bond auctions with yields on French bonds falling 29 basis points and Spanish bond yields falling 57 points
  • A report showing US manufacturing expanded at the fastest pace in five months
  • Financial shares led losses among the 10 main industry groups in the S&P500
  • Oil fell for the first time in five days as jobless claims rose and Chinese and European manufacturing data was weaker
  • The EUR pared gains versus the USD and JPY as concern increased that European leaders will struggle to resolve the regions debt crisis even after central banks moved to ease dollar borrowing for banks
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