Fed indicates more steps to stimulate economy

Source: Bloomberg
The Fed will adopt fresh stimulus as needed in order to spur economic recovery and reduce jobless rate, which has been stuck over 8% for more than 3 years. Stocks declined on disappointment Ben Bernanke rejected undertaking action even as employment grows at a slow pace, consumer spending weakens, and manufacturing cools.  
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Thu, 02 Aug 2012 08:00:56 GMT

Loonie falls on Fed's stimulus pledge

Canada's currency dropped versus the U.S. Dollar as Federal Reserve's promise to give additional allowance for the economy showed a sign of continuing monetary slowdown. The Loonie tumbled 0.3% to C$1.0055 per U.S. Dollar, one Canadian Dollar purchases 99.45 U.S. cents. The S&P 500 Index turned to a 0.3% drop after gaining 0.4%.

Thu, 02 Aug 2012 15:23:58 GMT

European stocks continue to gain

On Wednesday, August 1, European stocks edged higher amid speculations about decisive actions from central banks to support the economy. The Stoxx Europe 600 Index soared 0.5 per cent to 262.57. At the same time, the U.K.'s FTSE 100 rose by 1.4 per cent, while Germany's DAX, on the contrary, erased 0.3 per cent.   Next Plc added 6.5 per cent, Arkema SA jumped 5.7

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