Norwegian Krone gains as central bank halts foreign-currency purchases

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Source: Bloomberg
The Norwegian Krone rose the most in 7 weeks versus the Euro following the country's central bank's statement saying that it would halt purchases of foreign currency for the $650 billion sovereign wealth fund.The Krone gaines as much as 0.2% versus its major counterparts. Norway's currency gained 0.5% to 7.3945 per Euro following a 0.7% advance, the most since September 7. It rose 0.5% against the greenback to 5.7056. 
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Thu, 01 Nov 2012 06:57:06 GMT

European equities edge higher on positive Chinese data

After falling on Wednesday due to disappointing reports of BG Group, ArcelorMittal and Barclays, today European shares opened higher as data indicated signs of growth in China's manufacturing sector. The purchasing managers' index advanced to 50.2 this month from 49.8 the prior month. Experts said Chinese economy is recovering after suffering from decreased exports.

Fri, 02 Nov 2012 09:39:49 GMT

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