Europe's stock futures rise after Yellen's speech

Source: Bloomberg
Today the European stock futures advanced after Janet Yellen, appointed to be chairman of the Federal Reserve, announced that the U.S. economy has to grow before the monetary stimulus is trimmed. The futures of the Euo Stoxx 50 Index jumped 1%, while the Stoxx Europe 600 Index futures paired gains for fifth week, as the Fed Reserve continuous bond purchases.
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Thu, 14 Nov 2013 10:41:17 GMT

U.S. budget deficit narrows on higher revenues

Federal budget deficit in the United States shrank to $92 billion in October of this year, while analysts expected the budget gap to reach $104 billion from $120 billion the last year. According to the data, budget revenues advanced 8% to $199 billion on higher taxes and austerity pushed spending lower by 5% to $291 billion, as the economy continues

Thu, 14 Nov 2013 10:19:08 GMT

BNP Paribas to acquire last 25% of shares in Fortis division

BNP Paribas SA, the fourth largest bank in the world, is planning to buy the last 25% stake in its subdivision BNP Paribas Fortis SA that is currently owned by the Belgian government. According to the plan, the selling price of 3.25 billion euro could help the Belgian government to reduce the public debt. Today, BNP Paribas SA shares are

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