Monday, 27 August 2012
FKLI related news
U.S. stocks fell, following the first weekly decline in about two months for the Standard & Poor’s 500 Index, as investors awaited indications on whether the Federal Reserve will provide further stimulus measures. (Bloomberg)
Most Asian stocks rose as investors await a report on U.S. gross domestic product that’s expected to show growth in the world’s biggest economy is improving and indications of policy direction from the Federal Reserve.
Emerging-market stocks dropped to a three-week low as Chinese industrial companies in July posted their biggest decline this year, heightening concern that global demand for natural resources will continue to ebb. The MSCI Emerging Markets Index (MXEF) fell 0.5 percent to 960.86 at 5.20 p.m. in New York, the lowest close since Aug 3. Samsung Electronics Co. declined the most in almost four years in Seoul after U.S jury ruled it infringed Apple Inc.’s patents. Samsung Electronics, the heaviest weighted stock on the MSCI Index, fell the second most of any stocks on the gauge.
NEW YORK (Reuters) - Shares of Apple climbed to another record on Monday, keeping the Nasdaq index afloat in the lowest trading volume of the year, with investors looking ahead to a key speech by Federal Reserve Chairman Ben Bernanke on Friday.
Apple Inc (AAPL) hit an all-time high of $680.87 during the day after the iPad maker won a $1 billion judgment in a patent lawsuit against Samsung Electronics <005930.KS>. The Korean company said it would contest the verdict. Apple, the world's most valuable company, ended up 1.9 percent at $676.68.
The verdict on Friday jolted shares of Google Inc (GOOG.O), as the case could change the dynamics of the mobile device market. Companies using Google's Android system may have to consider design changes. Google shares declined 1.4 percent to $669.22.
Beyond the notable moves of those tech giants, investors mostly cooled their heels before Bernanke's remarks to central bankers at Jackson Hole, Wyoming, on Friday.