Lower growth forecast decreases Dollar value

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP

Treasury prices slightly increased while the dollar suffered losses after the US government announced the decrease in its projected GDP growth from 2.5% to 2% in Q3. The dollar index was traded at 78.23 down from 78.20. The euro gained on the dollar index decrease and was $1.3523 from $1.3527. Yields on 10-year notes declined by one basis point to 1.96%.

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Tue, 22 Nov 2011 15:13:39 GMT

European stocks decline as US reports lower growth

European stocks prolonged losses after US statistics department reported less-than-expected GDP growth for third quarter. Stoxx Europe 600 Index gave up 0.3% reaching 224.15 at midday trading session in London. US economic growth in 3rd quarter reached 2% or 0.4 percentage points less than expected. Slowdown in GDP growth was mainly caused by cuts in company inventories and overall reduction in investment.

Tue, 22 Nov 2011 15:09:58 GMT

Dollar Tree increases the treasury stock

Dollar Tree Inc agreed to buy back $300 million of its shares from Wells Fargo Bank to facilitate its buyback programme. Dollar Tree already plans to repurchase $200 million of shares from JPMorgan Chase & Co under approved buyback budget of $500 million. Many companies now consider repurchasing its stock as markets remain extremely volatile. The stocks of Dollar Tree closed at $75.69 yesterday gaining

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