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Wall Street closes the week with strong note

The US stocks market rallied on Friday following upbeat Hewlett-Packard Co results and better than expected German confidence data. The DJIA erased its weekly loses but the S&P and Nasdaq have posted its worst week of 2013.

The Dow Jones advanced 119.95 points or 0.86% to close at the 14,000.57 key level. On the week the Dow gained 0.05% after easing previous two days loses. The S&P 500 added 13.18 points or 0.88% on the day to 1,515.60 but ended the week 0.3% lower from Monday open.

The Nasdaq Composite gained 30.33 points or 0.97% to finish at 3,161.82. The index closed 1% down on the week.

Session Recap: USD consolidates gains ahead weekly close

Following the 7-month uptrend line support break at 1.3245, the EUR/USD fell to 1.3145, lowest since January 10th where the pair has used as current bottom. After that, the pair afford new bearish pressures on European LTRO results and it has been trading in consolidation phase around 1.3180. However, the pair is trading 0.1% lower on the day.
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Moody's downgrades UK rating to Aa1 from AAA

Moody's Investors Service has removed UK from its AAA status today after downgrading the UK government bond rating to Aa1 from Aaa. The outlook on the ratings is now stable.
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