European stocks grew as investors were focused on Fed

Note: This section contains information in English only.
Source: Marketwatch

European stock markets rallied up as investors focused on possible stimulus from Fed and did not pay much attention to ECB decision about holding interest rates steady. Stoxx Europe 600 gained 1.8% and reached the level of 238.70. Spanish IBEX 35 grew by 1.7% and reached 6,374.40, being affected by Telefonica shares, which gained about 4%.

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Wed, 06 Jun 2012 20:07:24 GMT

EUR/USD grew significantly on ECB promises

On Wednesday, the Euro gained significantly versus the U.S. dollar, as the ECB President Mario Draghi said that the ECB will act, if Eurozone's economy slips lower. EUR reached 1.2555 against USD in the U.S. afternoon trading session, after pulling back from a session's low of 1.2441. The support was likely to be found at 1.2409, and resistance was prone to be at 1.2573.

Wed, 06 Jun 2012 19:01:25 GMT

U.S. non-farm productivity for the first quarter revised to 0.9% decrease

On Wednesday, the Bureau of U.S. Labor Statistics reported that the figure for productivity of non-farm business sector was revised down to the level of 0.9% drop in Q1 . This is a steeper decline than an earlier estimated drop of 0.5% and also a sharper fall than expected 0.7%. The bureau also reported that unit labor costs grew by 1.3%, which is less than

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