United States stocks extend rally on ECB hopes
NEW YORK (AFP) - United States stocks scored moderate gains on Monday, extending Friday's sharp rally on hopes that the European Central Bank may soon take action to relieve the euro zone sovereign debt crisis.
The Dow Jones Industrial Average closed at 13,117.51, up 21.34 points, or 0.16 percent.
The tech-rich Nasdaq rose 22.01 (0.74 per cent) to 2,989.91, while the S&P 500, a broad measure of the markets, climbed 3.24 (0.23 per cent) to 1,394.23.
Wall Street stocks started off the week on a positive note "amid growing optimism that the European Central Bank may be set to restart its sovereign debt purchases," said Charles Schwab & Co. analysts.
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Labour movement must always be 'workers-centric': Swee Say
(From left) NTUC President Diana Chia, NTUC Secretary-General Lim Swee Say and other Central Committee members participate in a Mass Zumba workout along with 3000 people at D' Marquee in Downtown East, on May 25, 2013. The labour movement must always be workers-centric and continue to look after the interests and welfare of workers here, said Mr Lim at an event to round up a month of celebrations for May Day on Saturday. -- ST PHOTO: RAJ NADARAJAN
The labour movement must always be workers-centric and continue to look after the interests and welfare of workers here, said labour chief Lim Swee Say at an event to round up a month of celebrations for May Day on Saturday. "Over the years, we have managed to continue to remain relevant in terms of supporting our workers in the workplace," said Mr Lim. "We are very grateful that many workers have come forward to join the labour movement... I'm very happy to see that the membership is growing steadily, but we are not taking this growth for granted because we recognise that the needs, the aspirations, the anxiety of the workers will always be there, and therefore as a labour movement, we must always be, basically workers-centric, continue to look after their interests, continue to look after their welfare." Speaking to the media at the May Day Family Fiesta, an event for union members, he commented on recent wide discussion on anti-discrimination, describing such discussion as important.
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