Fed is set to launch fresh bond-buying programme

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Source: Reuters
© Scanpix/AFP
The Fed is ready to launch a fresh bond-buying programme, during its meeting next week, evading monetary policy tightening to keep the fragile U.S. economy afloat on uncertainty over the fiscal year. It is expected that the central bank of the U.S. will announce $45 billion monthly asset purchase scheme, indicating it will keep on pumping money into the economy throughout 2013 in order to lower unemployment rate. 
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Wed, 05 Dec 2012 06:58:34 GMT

Euro touches 7-week high on speculation over Fed's new bond-buying scheme

The Euro touched the strongest level in seven weeks versus the U.S. Dollar on Wednesday, propped up by efforts to address the debt issues in Spain and Greece, whereas speculation over a fresh bond buying programme by the Fed weighs on the greenback. The Euro climbed to $1.3125, the highest since mid-October and last traded at $1.3110, up 0.15% from

Tue, 04 Dec 2012 19:01:33 GMT

DAX

European stocks advanced for the second consecutive day, rebounding from its earlier losses, as lawmakers in the U.S. continue debating on the budget plans to avert the so called fiscal cliff and growing optimism on the Eurozone as Spain officially requested a bailout. The German DAX index gained 0.03%, or 2.06 points, to 7,437.27 continuing to rise towards its 2011

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