Philly Fed manufacturing index surges

Note: This section contains information in English only.
Source: Business Insider
Business outlook from the Federal Reserve Bank of Philadelphia showed a significant jump in U.S. manufacturing activity, while the corresponding index surged to its highest value since March 2011, reaching 22.3 points versus 9.3 points a month earlier. Economists predicted the index to increase slightly to 10.3 points. 36% of American firms reported a rise in activity, while only 14% posted a decrease of it.
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Thu, 19 Sep 2013 15:21:05 GMT

Investors are worried about ECB stress tests

The next year the ECB will start a new portion of stress tests at Eurozone's banks, introducing a new system of determining the health level of banks. This time the ECB will review banks' risks before checking their balance sheets, adding some concern to investors about success of such a control system. After last two stress tests that took place

Thu, 19 Sep 2013 14:59:03 GMT

Fed will keep stimulus at current level

After its meeting yesterday, Fed's FOMC decided to keep stimulus amount at the current level of $85 billion per month. Almost nobody expected such a decision from the Central Bank. Fed's announcement made stocks surge, while Treasuries jumped the most since 2011. Analysts point out that Ben Bernanke wants unemployment to go down even further by maintaining current monetary policy.

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