Moody's improves U.S. debt's outlook to stable

Source: WBP Online
© Scanpix/Agence France-Presse
Moody's Investors Service improved the outlook for the U.S. credit rating to stable as there has been economic growth in the U.S. and the budget deficit has narrowed. The federal deficit is estimated to drop to 4% of U.S. GDP this year, for comparison, it was 7% previous year, according to Congressional Budget Office. The deficit has reached $509.8 billion year to date.
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Fri, 19 Jul 2013 09:41:07 GMT

World stocks rise this week on earnings and Fed

Stocks around the world slowed on Friday, but are still heading towards a forth consecutive week of gains after better-than-expected earnings announcements and Fed's comments on its stimulus. The FTSE Eurofirst 300 index dropped 0.3%, but was poised for a rise this week. The same was true for MSCI's 45-country all world index.

Fri, 19 Jul 2013 09:19:05 GMT

Euro advanced before G-20

After Ben Bernanke's speech did not provide any guidance or clear signs on QE, currency traders brought the Dollar lower versus the Euro, while markets expect the start of G-20 meeting in Moscow. The common currency advanced 0.17% to $1.3131 against the greenback and gained 0.15% to 0.8622 versus the Sterling.

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