BoE keeps stimulus at GBP 375 billion and policy rate at 0.50%

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Source: RTT News
The Bank of England's nine-member Monetary Policy Committee led by Governor Mervyn King maintained the quantitative easing program at GBP 375 billion despite unsuccessful attempts to increase stimulus. The panel also decided to keep the benchmark policy rate unchanged at 0.50%, the lowest level since the central bank was established in 1694.

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Mon, 13 May 2013 07:07:03 GMT

Japanese equity advances as G-7 tolerates weak Yen

Japanese Topix Index was higher by 1.4% in the second half of Tokyo trading session on Monday. Investors were positive on equity markets, as Group of Seven officially said that they will tolerate the weak Yen's exchange rate. The exports sector will be definitely beneficiary of that, since Japanese goods will be more competitive in global markets. 

Thu, 09 May 2013 19:26:03 GMT

U.S. Jobless claims drop unexpectedly to 5-year low

Initial jobless claims for unemployment benefits in the U.S. edged down surprisingly in the week ended on May 4 falling to the lowest level in five years, a report released by the Labor Department showed on Thursday. According to the report jobless claims fell to 323,000 from 327,000 to 323,000 recorded last week, while economists expected an increase to 335,000.

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