Wall Street turned red, QE hopes persist

Source: Forexpors
Wall Street turned red on Wednesday, with the Dow Jones Industrial Average tumbling 0.18 per cent, the S&P 500 Index erasing 0.23 per cent, and the Nasdaq Composite Index falling 0.27 per cent. A day earlier, the Fed claimed that it is ready to intervene in the economy, and start bond-buying program in order to support the world's biggest economy.
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Wed, 08 Aug 2012 20:41:14 GMT

Crude oil reached three-month high on Wednesday

On Wednesday, August 8, crude oil rocketed to a three-month high, as crude oil stockpiles dropped more-than-expected. Crude oil for September settlement soared 05.51 per cent to $94.15 per barrel during today's New York trading session. At the same time, Brent oil with September contract jumped 0.71 per cent to $112.80 per barrel. Inventories fell by 3.7 million barrels during the previous week.

Thu, 09 Aug 2012 16:36:16 GMT

European stocks turned lower on Wednesday

European stocks ended three-day rally, as Standard & Poor's Ratings Services cut Greece's credit rating and traders took profits after three days of gains. The Stoxx Europe 600 Index tumbled 0.2 per cent to 268.01, after adding 0.8 per cent on Tuesday. Meanwhile, U.K.'s FTSE 100 Index dropped 0.4% to 5,818.38, Spanish IBEX 35 Index declined by 1.5% to 7,104.20; French CAC 40 Index erased

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