DailyMarkets.com - CE Mark For Quidel’s Strep A Test |
- CE Mark For Quidel’s Strep A Test
- Forex Trading: EURUSD Moves Toward The Next Target
- Risk-Reward Balanced At Onyx Pharma
- Darden Cuts ’12 Guidance
- Wall Street Down As Bond Buying Hopes Quashed
- The December Symmetrical Triangle Pattern In Gold
- Natural Gas Futures Surge After U.S. Storage Withdrawal
- Vulcan Upgraded To Neutral
- Apple Upbeat For The Holiday Season
- Forex Trading: GBPUSD Moves Toward Support At The 1.5591-99 Area
- Forex – GBP/USD Extends Losses After ECB Press Conference
- CVS’ Tender Offer Expires
- Protection Does Not Create Jobs
- Forex – EUR/USD Falls After ECB’s Draghi Disappoints
- Gold Tumbles After Draghi Statement, EU Summit Eyed
- U.S. Stocks Lower On Draghi Comments; Dow Jones Down 0.56%
- Quest Extends Simplexa In Brazil
- Forex – USD/CAD Hits 2-day High On Fresh E.Z. Concerns
- BofA Strives To Pass Stress Test
- Euro Collapses After European Central Bank Cuts Rates
- Crude Oil Trades Below USD100 After Draghi Comments
- Gold Breakout On The Horizon?
- Forex Trading: EURUSD Has Rallied On Draghi Liquidity Moves.
- Forex Trading: EURUSD Extends The Trading Range To The Downside.
- Humana Acquires Analytics Company
- Gap’s Banana Store Debuts In France
- Looking Toward The EU Summit
- Forex – EUR/JPY Tumbles After Draghi Comments
- Mexico: Rising Natural Gas Superstate?
- Gap???s Banana Store Debuts In France
- Moerate Moves Ahead Of EU Summit
- Merck’s Chinese Interest
- Stock Market News Briefs: First Solar, ING Group, N.V., J.C. Penney Company Holding Company, McClatchy Company, Martha Stewart Living Omnimedia, Men’s Wearhouse, SAIC Inc, Talbots
- Is Jon Corzine “Too Big To Be Indicted?” Part IV
- McGraw Hill Updates Value Plan
- Death To Pennies
- U.S. Initial Jobless Claims Drop To 9-month Low
- Forex – Dollar Lower Vs. Rivals After ECB Rate Cut
- Canadian NHPI Rises Less-than-expected In October
- Forex Trading: EURUSD Steps To The Upside Or Downside
- Tetra Tech Wins USAID Contract
- Newell’s New Credit Facility
- Canadian Housing Starts Fall More-than-expected
- Sugar Futures Rebound From 7-day Low, EU Summit In Focus
- DOW Agrosciences & Gowan Join Hands
- Forex – EUR/USD Erases Losses After ECB Cuts Rates
- ECB Cuts Rate 25bps To 1.00% On Euro Crisis
- European Central Bank Cuts Interest Rate To Record-low 1%
- European Stocks Higher Ahead Of ECB Meeting; DAX Up 0.60%
- Forex – GBP/USD Unchanged After BoE Holds Pat On Rates
- Bank Of England Holds Key Interest Rate At 0.50%
- U.S. Futures Lower Amid E.Z. Caution; Dow Jones Down 0.20%
- Forex – Euro Slips Ahead Of ECB Meeting, EU Summit
| CE Mark For Quidel’s Strep A Test Posted: 08 Dec 2011 08:35 AM PST Leading diagnostic test solutions provider Quidel Corporation (NASDAQ:QDEL) recently won the European CE Mark for its Sofia Streptococcus A ("Strep A") test for use with its Sofia Analyzer. The product is currently not available for sale in the U.S.
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| Forex Trading: EURUSD Moves Toward The Next Target Posted: 08 Dec 2011 08:34 AM PST The EURUSD has kept the bearish momentum and moves toward the next target area at the 1.3284 to 1.3293 area. The two levels correspond to lows from November 29th and was a launch point from November 30th. Below that level is the 1.3259 level which was the low trade from last weeks trading. Looking at the 5 minute chart above, the corrections have been limited in the pair today. Putting a fibonacci on the last leg to the new day lows has the 38.2%-50% retracement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Risk-Reward Balanced At Onyx Pharma Posted: 08 Dec 2011 08:20 AM PST We continue to have a Neutral recommendation on Onyx Pharmaceuticals Inc. (NASDAQ:ONXX), which posted a loss of 44 cents per share in the third quarter 2011. While the Zacks Consensus Estimate was pegged at a loss of 38 cents, the company had reported earnings of 76 cents per share in the year-ago quarter. Lower revenues and higher operating expenses led to the loss.
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| Posted: 08 Dec 2011 08:05 AM PST Darden Restaurants Inc. (NYSE:DRI) recently cut its earnings per share growth outlook for 2012 mainly due to the underperformance at Olive Garden and higher food costs. The company now expects earnings per share from continuing operations to grow 4%–7% as against the lower end of 12%–15% guided earlier. Prior to this, Darden had narrowed its 2012 outlook from the guided range of 12% to 15%.
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| Wall Street Down As Bond Buying Hopes Quashed Posted: 08 Dec 2011 08:05 AM PST 12/08/11 US stocks opened with modest losses. Central banks and US jobs data were digested, amid heightened caution ahead of the EU … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| The December Symmetrical Triangle Pattern In Gold Posted: 08 Dec 2011 08:01 AM PST Not to be outdone by the recent S&P 500 triangle pattern, Gold is forming a broader Symmetrical Triangle Consolidation Pattern that we're following closely for any sign of a breakout from the converging trendlines. When discussing a Symmetrical Triangle, it's best to start with three definitions in the structure:
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| Natural Gas Futures Surge After U.S. Storage Withdrawal Posted: 08 Dec 2011 07:55 AM PST Forexpros – Natural gas futures extended gains on Thursday, rallying to a three-day high after the U.S. Energy Information Administration said that natural gas inventories declined more-than-expected last week. On the New York Mercantile Exchange, natural gas futures for delivery in January traded at USD3.515 per million British thermal units during U.S. morning trade, soaring 2.75%. It earlier rose by as much as 2.97% to trade at USD3.534 per million British thermal units, the highest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 08 Dec 2011 07:50 AM PST We recently upgraded our recommendation on Vulcan Materials Company (NYSE:VMC) to Neutral from Underperform. Headquartered in Birmingham, Alabama, Vulcan Materials engages in the production, distribution and sale of construction aggregates, and other construction materials and related services in the U.S. and Mexico. It is the nation's largest producer of construction aggregates and a leading producer of other construction materials.
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| Apple Upbeat For The Holiday Season Posted: 08 Dec 2011 07:35 AM PST Buoyed by robust sales on Black Friday and Cyber Monday, Apple Inc. (AAPL) is likely to report another blockbuster holiday season. Analysts believe that the ongoing holiday season sales will be one of the strongest for Apple in recent times. Apple sold 7.33 million iPads and 16.24 million iPhones during the 2010 holiday season, which drove year-over-year revenue growth of 71.0%.
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| Forex Trading: GBPUSD Moves Toward Support At The 1.5591-99 Area Posted: 08 Dec 2011 07:33 AM PST The GBPUSD had moved below trendline, 100 hour MA (blue line), and 200 hour MA (green line in the chart above). The next key target is at the 50% of the move up from the November 25th low to the November 30th hig and trendline at the 1.5591-99 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Extends Losses After ECB Press Conference Posted: 08 Dec 2011 07:25 AM PST Forexpros – The pound extended losses against the U.S. dollar on Thursday, falling to a fresh daily low after European Central Bank President Mario Draghi quashed expectations for increased bond purchases by the bank. GBP/USD hit 1.5611 during U.S. morning trade, the daily low; the pair subsequently consolidated at 1.5627, shedding 0.53%. Cable was likely to find support at 1.5525, the low of November 30 and resistance at 1.5723, Wednesday's high. Market sentiment was hit after Draghi … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 08 Dec 2011 07:20 AM PST CVS Caremark Corporation (NYSE:CVS) recently announced that its previously declared cash tender offer to repurchase $1 billion of 6.302% notes has expired. As per the final tabulation, notes worth $957 million have been tendered.
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| Protection Does Not Create Jobs Posted: 08 Dec 2011 07:17 AM PST My wife keeps getting e-mails forwarded by her friends urging everybody to buy American to keep our jobs at home. Some have suggested giving gift cards for services rather than merchandize on the grounds that most merchandize is made in China. I've resisted the temptation to dictate a response for her to send to her well-meaning friends on the grounds that we need all the friends we can get. However, if I did give in, my response would be something like what's written below.
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| Forex – EUR/USD Falls After ECB’s Draghi Disappoints Posted: 08 Dec 2011 07:17 AM PST Forexpros – The euro turned lower against the U.S. dollar on Thursday, after European Central Bank President Mario Draghi quashed expectations for increased purchases of euro zone bonds and ruled out the possibility of lending to the International Monetary Fund. EUR/USD hit 1.3313 during early U.S. trade, the pair's lowest since November 30; the pair subsequently consolidated at 1.3334, shedding 0.58%. The pair was likely to find support at 1.3258, the low of November 30 and resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Tumbles After Draghi Statement, EU Summit Eyed Posted: 08 Dec 2011 07:15 AM PST Forexpros – Gold futures tumbled on Thursday, erasing gains made in the wake of a European Central Bank rate cut, after ECB President Mario Draghi dampened hopes for more aggressive purchases of euro zone bonds and ruled out the possibility of lending to the International Monetary Fund On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,719.15 a troy ounce during U.S. morning trade, tumbling 1.47%. It earlier fell by as much as 1.85% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Stocks Lower On Draghi Comments; Dow Jones Down 0.56% Posted: 08 Dec 2011 07:06 AM PST Forexpros – U.S. stocks were lower on Thursday, after comments from European Central Bank President Mario Draghi renewed concerns over the handling of the euro zone's sovereign debt crisis, overshadowing positive U.S. jobless claims data. During early U.S. trade, the Dow Jones Industrial Average fell 0.56%, the S&P 500 index declined 0.89%, while the Nasdaq Composite index retreated 0.43%. At a press conference, Draghi outruled the possibility of working with the International … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Quest Extends Simplexa In Brazil Posted: 08 Dec 2011 07:05 AM PST Quest Diagnostics (NYSE:DGX), the largest provider of commercial laboratory services in North America, recently introduced its Simplexa Dengue molecular test kit in Brazil. Developed by the company's Focus Diagnostics products business, the newly launched kit is a path-breaking commercial real-time polymerase chain reaction (RT-PCR) test. The company expects this test kit, which is a part of the Simplexa product line on the 3M Integrated Cycler, to be approved by National Agency of Sanitary … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/CAD Hits 2-day High On Fresh E.Z. Concerns Posted: 08 Dec 2011 06:58 AM PST Forexpros – The U.S. dollar rose to a two-day high against its U.S. counterpart on Thursday, as comments by European Central Bank President Mario Draghi weighed on demand for riskier assets. USD/CAD hit 1.0154 during U.S. morning trade, the pair's highest since December 6; the pair subsequently consolidated at 1.0149, rising 0.50%. The pair was likely to find support at 1.0020, the low of October 24 and resistance at 1.0222, the high of December 1. At a press conference earlier, Draghi … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| BofA Strives To Pass Stress Test Posted: 08 Dec 2011 06:50 AM PST At the time when many of the large financial institutions are seeking to increase dividends, Bank of America Corporation (NYSE:BAC) is not in the mood to do so. On Tuesday, while addressing The Goldman Sachs Group Inc. (NYSE:GS) investor conference, BofA CEO Brian Moynihan stated that the company will not seek approval for dividend hike until it is sure of the Federal Reserve's clearance.
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| Euro Collapses After European Central Bank Cuts Rates Posted: 08 Dec 2011 06:50 AM PST Fundamental Headlines
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| Crude Oil Trades Below USD100 After Draghi Comments Posted: 08 Dec 2011 06:49 AM PST Forexpros – Crude oil futures erased gains on Thursday, dropping to a one-week low as the U.S. dollar strengthened after European Central Bank President Mario Draghi dampened hopes for increased purchases of euro zone bonds and ruled out the possibility of lending to the International Monetary Fund. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at USD99.77 a barrel during U.S. morning trade, dropping 0.78%. It earlier fell by as much as 0.99% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 08 Dec 2011 06:39 AM PST Thursday, December 8, 2011
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| Forex Trading: EURUSD Has Rallied On Draghi Liquidity Moves. Posted: 08 Dec 2011 06:38 AM PST The EURUSD has rallied on the back of the increased liquidity measures announced by the ECB. The price has moved above the trendline resistance and moved up to test the next target at yesterday's high price. The price has rotated off that high and has moved toward the 38.2% of the days range (see chart below) at the 1.34277 level. The level is also near the trendline broken on the hourly chart above. Traders will be watching this level for clues. Stay above and the bulls remain in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EURUSD Extends The Trading Range To The Downside. Posted: 08 Dec 2011 06:38 AM PST The EURUSD has extended the trading range to the downside and looks toward the next target at the 1.3284/93 area. Below that the 1.3259 level which was the low from last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Humana Acquires Analytics Company Posted: 08 Dec 2011 06:36 AM PST Yesterday, Humana Inc. (NYSE:HUM) announced the acquisition of health care analytics company, Antiva Health. However, the financial terms of the deal remain undisclosed.
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| Gap’s Banana Store Debuts In France Posted: 08 Dec 2011 06:30 AM PST The world's leading apparel retailer Gap Inc. (NYSE:GPS) said 'bonjour' to Paris as its Banana Republic Stores debuted in the fashion capital of the world.
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| Posted: 08 Dec 2011 06:30 AM PST Stocks will remain focused on developments out of Europe as a key summit meeting of the European Union (EU) gets underway today to consider the future of the union. The European Central Bank (ECB) also came through with the expected rate cut this morning, but the markets are looking for looking for far more leadership from the ECB than it has been willing to provide in order to stabilize the European government bond markets. The expectation is that following a favorable conclusion of the EU … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/JPY Tumbles After Draghi Comments Posted: 08 Dec 2011 06:29 AM PST Forexpros – The euro fell sharply against the yen on Thursday, after European Central Bank President Mario Draghi outruled the possibility of working with the International Monetary Fund on a rescue package and said the central bank could not give monetary financing to governments. EUR/JPY hit 103.01 during European afternoon trade, the pair's lowest since November 28; the pair subsequently consolidated at 103.16, tumbling 0.95%. The pair was likely to find support at 102.48, the low of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Mexico: Rising Natural Gas Superstate? Posted: 08 Dec 2011 06:23 AM PST A recent CD post highlighted how the “shale gale” of unconventional natural gas is starting to go global, with huge recent discoveries in Argentina and China, leading some to conclude that “peak oil” is losing relevance. We can now add Mexico as another rising natural gas superstate: “Mexico’s [energy] future seems even brighter. According to U.S. Energy Information Administration Executive Director Maria van der Hoeven, Mexico’s significant untapped natural gas reserves, if properly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gap???s Banana Store Debuts In France Posted: 08 Dec 2011 06:20 AM PST The world's leading apparel retailer Gap Inc. (NYSE:GPS) said 'bonjour' to Paris as its Banana Republic Stores debuted in the fashion capital of the world.
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| Moerate Moves Ahead Of EU Summit Posted: 08 Dec 2011 01:15 AM PST 12/08/11 Ahead of the EU summit, global markets were making moderate moves. Meanwhile, the ECB expectedly lowered its benchmark rate and former MF Global CEO Jon Corzine is in e … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 08 Dec 2011 06:05 AM PST China continues to attract the interest of big pharmaceutical companies that are looking towards emerging markets to drive growth. Merck & Co., Inc. (NYSE:MRK) recently announced its intention to invest $1.5 billion on research and development efforts in China over the next five years.
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| Posted: 08 Dec 2011 06:05 AM PST Department-store chain J.C. Penney Co. Inc. (NYSE:JCP) confirmed that it would buy a 16.6% stake in Martha Stewart Living Omnimedia Inc. (NYSE:MSO). Media and merchandising company Martha Stewart's share prices increased 33.33% to close at $4.16 a share At a media conference, digital news advertisement company McClatchy Co. (NYSE:MNI) said the decline in its advertising sales had eased. Following this development, shares of the company sky rocketed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Is Jon Corzine “Too Big To Be Indicted?” Part IV Posted: 08 Dec 2011 05:58 AM PST With most eyes and ears today fixated upon Brussels to see what version of "charades" will next be played by the European heads of state in an attempt to save their union and their euro, there should actually be a slightly more entertaining 'show' on Capitol Hill today.
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| McGraw Hill Updates Value Plan Posted: 08 Dec 2011 05:50 AM PST In September 2011, with the intent of boosting the shareholders value, The McGraw-Hill Companies Inc. (NYSE:MHP) announced extensive growth and value measures, including its split into two independent entities, McGraw-Hill Financial and McGraw-Hill Education.
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| Posted: 08 Dec 2011 05:49 AM PST Originally appeared on Grey’s Blog and has recently been featured on Marginal Revolution and Greg Mankiw’s blog. Note: Both New Zealand (1990) and Australia (1992) stopped using pennies decades … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Initial Jobless Claims Drop To 9-month Low Posted: 08 Dec 2011 05:42 AM PST Forexpros – The number of people who filed for unemployment assistance in the U.S. last week fell more-than-expected, declining to the lowest level since late February, official data showed on Thursday. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending December 2 fell by 23,000 to a seasonally adjusted 381,000, outstripping expectations for a decline of 8,000 to 396,000. The previous week's figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Lower Vs. Rivals After ECB Rate Cut Posted: 08 Dec 2011 05:40 AM PST Forexpros – The U.S. dollar was lower against its major counterparts on Thursday, as market sentiment strengthened after the European Central Bank lowered its benchmark interest rate for the second consecutive month. During European after trade, the dollar was down against the euro, with EUR/USD rising 0.23% to hit 1.3443. In a widely expected decision, the ECB cut lowered its interest rate by 0.25% to a record low of 1% in a bid to bolster faltering growth in the euro zone. Meanwhile, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Canadian NHPI Rises Less-than-expected In October Posted: 08 Dec 2011 05:35 AM PST Forexpros – Canadian new house prices rose less-than-expected in October, official data showed on Thursday. In a report, Statistics Canada said its new housing price index rose by 0.2% in October, falling short of expectations for a 0.5% gain. New house prices rose by an unrevised 0.2% in September. The metropolitan regions of Toronto and Oshawa, and Edmonton were the top contributors to the increase in October. The positive impact of these metropolitan regions on the overall index was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EURUSD Steps To The Upside Or Downside Posted: 08 Dec 2011 05:32 AM PST The EURUSD is contained with the market unsure which direction it should move. The pair remains contained but has a number of key target levels above and below the current non trending range. The levels are outlined in the chart above. If the market extends to the upside or the downside, look for momentum past the numbered levels in a step by step … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Tetra Tech Wins USAID Contract Posted: 08 Dec 2011 05:30 AM PST Tetra Tech Inc. (NASDAQ:TTEK), together with two others companies, received a contract worth $750 million for sustainable infrastructure development services from the U.S. Agency for International Development (USAID). The services will be provided for USAID's water and energy projects in Afghanistan, with the aim of renovating and modernizing the country's water and energy sectors.
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| Posted: 08 Dec 2011 05:20 AM PST Newell Rubbermaid Inc. (NYSE:NWL), the producer of Sharpie pens and Rubbermaid containers, in an effort to enhance the company's financial flexibility, has entered into a new five-year unsecured revolving credit agreement with a consortium of world's leading investment bankers.
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| Canadian Housing Starts Fall More-than-expected Posted: 08 Dec 2011 05:20 AM PST Forexpros – Canadian housing starts fell more-than-expected in November, official data showed on Thursday. In a report, the Canada Mortgage and Housing Corporation said that the seasonally adjusted annual rate of housing starts fell to 181,000 units in November, disappointing expectations for a decline to 200,000 units. October's figure was revised up to 209,000 units from a previously reported 208,000. Commenting on the report, deputy chief economist at CMHC's Market Analysis Centre … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Sugar Futures Rebound From 7-day Low, EU Summit In Focus Posted: 08 Dec 2011 05:11 AM PST Forexpros – Sugar futures advanced on Thursday, rebounding a seven-day low as the previous day's steep decline created bargain buying opportunities for investors amid hopes for a positive outcome at a critical European Union summit. On the ICE Futures U.S. Exchange, sugar futures for March delivery traded at USD0.2334 a pound during European afternoon trade, jumping 1%. It earlier rose by as much as 1.4% to trade at a daily high of USD0.2345 a pound. Prices fell to a seven-day low of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| DOW Agrosciences & Gowan Join Hands Posted: 08 Dec 2011 05:05 AM PST Dow AgroSciences LLC, a wholly owned subsidiary of The Dow Chemical Company (NYSE:DOW) along with Gowan has entered into a new development and marketing license agreement, allowing the later to license the novel active fungicide meptyldinocap. Based in Arizona, Gowan is the marketer of crop protection products.
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| Forex – EUR/USD Erases Losses After ECB Cuts Rates Posted: 08 Dec 2011 04:57 AM PST Forexpros – The euro erased losses against the U.S. dollar on Thursday, after the European Central Bank cut interest rates, but uncertainty over the outcome of a decisive European Union summit continued to weigh. EUR/USD pulled away from 1.3379, the daily low, to hit 1.3417 during European afternoon trade, inching up 0.04%. The pair was likely to find support at 1.3332, Tuesday's low and resistance at 1.3485, the high of December 5. The ECB cut its benchmark interest rate by 0.25%, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| ECB Cuts Rate 25bps To 1.00% On Euro Crisis Posted: 08 Dec 2011 04:51 AM PST The European Central Bank (ECB) cut its Main refinancing operations rate by 25 basis points to 1.00% from 1.25%. Previously the ECB also cut the interest rate by 25 basis points at its November meeting. The ECB last increased the interest rates by 25 basis points at its July meeting; pausing in May and June, after raising the rate by 25 basis points to 1.25% in April this year. The Euro Area reported annual HICP inflation of 3% in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| European Central Bank Cuts Interest Rate To Record-low 1% Posted: 08 Dec 2011 04:48 AM PST Forexpros – The European Central Bank cut its benchmark interest rate for the second consecutive month in December, in a bid to bolster faltering growth in the region, it announced on Thursday. The ECB said it cut the benchmark interest rate to a record-low 1.0% from 1.25%, in line with market expectations. ECB president Mario Draghi, who chaired his second interest rate meeting as ECB chief, was to comment on the decision at a press conference later in the day. Following the announcement, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| European Stocks Higher Ahead Of ECB Meeting; DAX Up 0.60% Posted: 08 Dec 2011 04:36 AM PST Forexpros – European stock markets were higher on Thursday, as investors eyed the European Central Bank's policy meeting and hoped for positive results at a two-day European Union summit. During European afternoon trade, the EURO STOXX 50 rose 0.28%, France's CAC 40 advanced 0.21%, while Germany's DAX 30 climbed 0.60%. The ECB was expected to announce a 0.25% interest rate cut, bringing the rate to a record low 1% in a bid to bolster faltering growth in the euro zone. Meanwhile, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Unchanged After BoE Holds Pat On Rates Posted: 08 Dec 2011 04:19 AM PST Forexpros – The pound was almost unchanged against the U.S. dollar on Thursday, after the Bank of England kept interest rates unchanged, ahead of a widely expected rate cut by European Central Bank later in the day. GBP/USD hit 1.5717 during European early afternoon trade, an intra-day high; the pair subsequently consolidated at 1.5712, inching up 0.01%. Cable was likely to find support at 1.5594, Wednesday's low and resistance at 1.5754, the high of December 1. The BoE kept interest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Bank Of England Holds Key Interest Rate At 0.50% Posted: 08 Dec 2011 04:03 AM PST Forexpros – The Bank of England kept its benchmark interest rate unchanged for the 33rd consecutive month in December, it announced on Thursday. The BoE said it was maintaining the benchmark interest rate at 0.50%, in a widely expected move. The bank also said it was to maintain the stock of asset purchases financed by the issuance of central bank reserves at GBP275 billion. The minutes of the meeting of the central bank's monetary policy committee will be published on Wednesday, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Futures Lower Amid E.Z. Caution; Dow Jones Down 0.20% Posted: 08 Dec 2011 03:29 AM PST Forexpros – U.S. stock futures pointed to a lower open on Thursday, as investors remained cautious ahead of a European Central Bank policy decision and a crucial summit of European leaders. Ahead of the open, the Dow Jones Industrial Average futures pointed to a fall of 0.20%, S&P 500 futures signaled a 0.31% decline, while the Nasdaq 100 futures indicated a 0.12% loss. The ECB was expected to announce a 0.25% interest rate cut, bringing the rate to a record low 1% in a bid to bolster … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Euro Slips Ahead Of ECB Meeting, EU Summit Posted: 08 Dec 2011 03:05 AM PST Forexpros – The euro was weaker against its major counterparts on Thursday, ahead of a European Central Bank policy decision later in the day and the start of a decisive two-day European Union summit. During European late morning trade, the euro was lower against the U.S. dollar, with EUR/USD sliding 0.21% to hit 1.3382. The ECB was expected to announce a 0.25% interest rate cut, bringing the rate to a record low 1% in a bid to bolster faltering growth in the euro zone. Meanwhile, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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