Core durable goods orders were firm in the US last month

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Source: Forexpros
The core durable goods orders in the US increased essentially more than initially projected last month, rising for third month in line. The orders of core durables surged by 2.1% last month on a seasonally adjusted basis, according to the US Census Bureau. Experts predicted the orders to climb 0.9% in December.


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Fri, 27 Jan 2012 11:20:37 GMT

Portugal is unlikely to default

Portugal faced increased pressure from investors as they expect the country to be the next to default. The yield on 10-year sovereign bonds soared above 15%, the record high level in the Euro Zone. The country's credit rating was downgraded to selective default by Standard's &  Poor's two weeks ago. However, Portugal has started to make progress towards debt crisis

Fri, 27 Jan 2012 10:57:49 GMT

European markets jump on Fed announcement

European shares rallied on Thursday as investors anticipated news that Federal Reserve will freeze borrowing costs by the end of 2014. Stoxx 600 index gained 1.1% and finished at 257.86, while German DAX index climbed 1.8% and settled at 6,539.85. UK FTSE 100 index jumped 1.3% to 5,795.20 and French CAC 40 added 1.5%, closing at 3,363.23. Greek ASE Composite

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