European stocks are little changed after Stoxx 600 records almost 5-year high

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Source: Bloomberg
European shares were little changed on Thursday after they rose on yesterday's session pushing the benchmark Stoxx Europe 600 Index to the strongest level in almost five years. The Stoxx 600 Index fell less than 0.1% to 303.39 as of 3:28 p.m. London time after it recorded the highest level since June 2008 yesterday amid favourable earning results of some European companies.

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Thu, 09 May 2013 15:20:04 GMT

Dollar rises versus Euro and Yen amid improving labour market

The U.S. Dollar increased versus the Euro and the Yen after a report showed that first-time jobless claim in the U.S. declined surprisingly to the lowest level in five years suggesting that labour market may by improving. The so-called greenback added 0.4% to $1.3099 per Euro earlier on Thursday New York session and it advanced by 0.3% to 99.30 yen.

Thu, 09 May 2013 15:42:07 GMT

Mortgage repossessions in the UK fell 17%

The Council of Mortgage Lenders reported on Thursday that the amount of repossessions declined significantly compared to the first quarter of the preceding year. The number of repossession cases declined by 17% on year-over-year basis, reaching 8,000 during the first quarter of the year.

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