Wall Street closes Friday and the week with losses

FXstreet.com (San Francisco) - The US stocks market traded lower on Friday as investors were disappointed by weak job report that post a well-bellow-expectations figures. The participation rate in the US dropped to its 1970's levels. The S&P closed its worst week in 2013.

The Dow Jones declined 40.86 points or 0.28% on Friday to close at 14,565.25. The weekly basis, the index eased 0.09%. The S&P 500 fell 6.70 points or 0.43% on the day to close at 1,553.28. S&P lost 1.01% on the week. The Nasdaq dropped 21.12 points or 0.65% to end at 3,203.86. The composite declined 1.95% from the Monday opening.

Apr 5, 2013

Forex: GBP/JPY tests the 150.00 frontier

After rising 400 pips in the American session from the 146.00 level, the GBP/JPY is completing an impressive movement to test the 150.00 key frontier. The pair set a provisional high at 150.02, the maximum since the first week January 2010.

Portugal's constitutional court rejects 2013 budget measures by €1Bn

The Portuguese constitutional court has rejected some austerity measures listed in the 2013 budget. The court considers cuts on public workers and pensioners paycheck, unemployment subsidy and sickness benefit as illegal as this measures are unconstitutional.