U.S. jobless claims decline more than expected

Source: Bloomberg
The total number of claims for unemployment benefits in the United States decreased considerably during the week ended on February 1, reaching 331,000. Analysts expected them to fall to 335,000. At the same time, the indicator for the week before was revised negatively to 351,000. Analysts say that slump in claims shows that employers become more confident about economic situation.
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Thu, 06 Feb 2014 14:50:04 GMT

Gold advances in New York as silver prolongs best rally since August

Gold gained toward the highest level in five days in New York as investors speculated on the U.S. stimulus outlook on worries economic expansion may slow. The yellow metal for April delivery rose 0.3% to $1.260.50 an ounce as of 8:15 a.m. in New York. Bullion for immediate delivery advanced 0.2% to $1,260.82.

Thu, 06 Feb 2014 14:07:04 GMT

ECB monetary policy to remain unchanged despite fall in inflation

The Governing Council of the ECB decided to maintain the current monetary policy and implement no changes, despite the fact the inflation level decreased significantly during several previous months. The benchmark refinancing rate was kept at 0.25%, while the deposit rate was unchanged at 0%. Therefore, the results matched the majority of economists' expectations.

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