Manufacturing in U.S. expands more than expected

Source: Bloomberg
© Scanpix/FP
Manufacturing in the United States not only grew more than analysts expected, but also did it at the fastest pace in at least two years. The Institute of Supply Management manufacturing gauge rose from 50.9 to 55.4 points in July, the highest level sine the summer of 2011. The advance exceeded any economists' forecast that participated in a Bloomberg poll.
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Thu, 01 Aug 2013 16:09:04 GMT

Aussie touches 35-month low versus U.S. Dollar

The Australian currency reached the weakest level in 35 months versus the greenback during morning session on Wall Street. The U.S. Dollar is strengthening this week amid positive economic data releases. The Aussie declined to $0.8911, the lowest level in 35 months. The Australian Dollar also fell versus the common currency by 0.11% to A$1.4818.

Thu, 01 Aug 2013 15:47:07 GMT

U.S. stocks advance on monetary policy and unemployment news

The Standard & Poor' 500 gauge climbed above 1,700 after several central banks said to continue accommodative monetary policy and unemployment insurance claims dropped to a five-year low. The benchmark added 0.9% to 1,700.33 as of 9:33 a.m. in New York. Current news positively affects stock markets as they are driven by the Federal Reserves policy and good earnings.

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