Market roundup: Dow +0.14% to 13507. S&P –0.09% to 1470. Gold –0.15% to $1667.60 London –0.22%. Germany +0.18%. France +0.06%
Markets rallied 1.22% on Monday, after the government announced deferring the implementation of controversial tax-avoidance rules until 2016. The decision to defer GAAR would stimulate business confidence of investors, which had taken a beating with the introduction of tax proposal. (ET)
The spread between gold and platinum narrowed to $31.30 an ounce, its smallest since last April, after platinum staged its biggest two-week rise in about four months on growing expectations of global economic recovery. Is Platinum on a come-back run? (ET)
Financial sector funds recorded their sixth straight week of inflows as the strength and depth of support from central banks overshadowed news of more cost cutting. US averting fiscal cliff, signs of economic recovery in China keep investor sentiment upbeat. (MINT)
TCS [stockquote]TCS[/stockquote] net profit for the three months ended December rose 26.7% from a year earlier, beating analysts’ expectations in a seasonally weak quarter and auguring well for the troubled $70 billion Indian information technology (IT) exports business. (MINT)
And on a totally unrelated front, Coke is now going to address obesity in Ads after becoming one of the world’s most powerful brands by equating its soft drinks with happiness.. (ET)
