U.S. stock futures gain after cut of Chinese rates

Source: Marketwatch

U.S. markets gained this Thursday after Chinese reserve bank unexpectedly decreased its deposit and interest rates by 25 basis points. The Dow Jones Industrial Average rallied 72 points to 12,491. The Standard & Poor 500 Index advanced 10.50 points to 1,319.40 and Nasdaq-100 index climbed 16.50 points to 2,566.50. Petroleum futures ticked higher, while gold and the Greenback retreated.

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Thu, 07 Jun 2012 19:11:26 GMT

European stocks extended gains ahead of bond auction in Spain

European markets advanced on Thursday ahead of a Spanish bond auction, as well as Ben Bernanke's, U.S. Federal Reserve Chairman, testimony to the Congress. The Stoxx Europe 600 index rose 0.2 per cent to 240.40. Swedish Nordea Bank AB and Swedbank AB gained 4.3 per cent and 3 per cent, respectively. The CAC 40 index climbed 0.8 per cent to 3,082.91.

Thu, 07 Jun 2012 19:00:26 GMT

The Bank of England left key interest rate unchanged

The Bank of England has not changed benchmark interest rate for 39 months in a row, leaving it at 0.50%, which is in line with expectations. The central bank also announced that it will maintain purchases of assets at the same level of GBP325 billion, after a GBP50 billion expansion back in February.

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