U.S. markets edge higher on Wednesday

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Source: Reuters
Wall Street opened green on Wednesday, boosted by Intel's rebound and the Bank of America reported profit. The Dow Jones Index increased 0.13 per cent, to 12,822.42. The S&P 500 Index rose 0.25 per cent to 1,367.09, and the Nasdaq Composite Index jumped 0.68 per cent to 2,929.84. The boost was also provided by yesterday's Bernanke's report, who said that the Fed is ready for new stimulus in order to accelerate economic growth.
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Thu, 19 Jul 2012 07:10:17 GMT

The Euro falls after Angela Merkel remarks on debt crisis

Angela Merkel remarked on Wednesday, July 18, that Eurozone's bailout plan is not finally developed and leaders are not sure about its success. This immediately caused the Euro depreciation against the British Pound, the US and Australian Dollar. Before the overnight the European currency stopped at USD 1.2276, AUD 1.1847 and GBP 78.45 per EUR.

Wed, 18 Jul 2012 15:50:16 GMT

U.S. dollar advanced before Bernanke

The greenback strengthened against its major counterparts, mostly versus the single European currency, ahead of Ben Bernanke's second day testimony. The ICE dollar index was up 0.11 per cent, while the WSJ dollar index rose 0.12 per cent on Wednesday. Meanwhile, the EUR/USD currency pair declined by 0.35 per cent to 1.2255 and mostly all American indexes were rising on concerns over Eurozone's worsening

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