Wall Street holds steady after earnings

Source: Reuters

US stocks remained flat as earnings showed both positive and negative signs for the economy. The company stocks experienced sharp moves in either direction due to earnings such as Facebook leaping 5.2% or Amazon.com plummeting by 9.7%. However, moves in both directions evened out and the indexes stood still with only the S&P 500 ending on another record high.

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Fri, 25 Jul 2014 07:53:43 GMT

UK's economy may recover to pre-crisis level

UK's economy is on the verge of growing larger than recorded before 2008. GDP was forecast at the same speed as in the first quarter, this way revealing a 0.8% expansion, during the period from April to June. This year's growth is estimated to be 3.1%, making it the strongest pace since the end of 2007.

Fri, 25 Jul 2014 07:50:25 GMT

Dollar heads for weekly gain

The Dollar headed for its second weekly gain against the Euro as U.S. economists said that durable goods recovered in June, explaining that the economy is expanding. The Bloomberg Dollar Spot Index rose to its monthly high before the reports showing the U.S. economy's expansion and increased payrolls. The Dollar was little changed at $1,3468 after advancing 4% this week.

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