Draghi recognizes the need for ECB's action

Source: Bloomberg
The president of the European Central Bank Mario Draghi announced yesterday that the ECB remains determined in its plans to reach its goal of 2% inflation. He remarked that more active management of ECB's balance sheet is necessary, as unemployment is still high and credit growth is weak, hindering the upturn of the economies. Draghi's planned asset-purchase program is set to increase the balance sheet by 1 trillion Euros. 
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Tue, 23 Sep 2014 08:29:03 GMT

Brent prices touch $97 on China's PMI pick up

Brent crude prices were one of the many commodities and indices that managed to increase on the account of the improved China's PMI, which increased by 0.3 to 50.5 for the month of August surpassing the projections of 50. Brent for November delivery added 48 U.S. cents to $97.45 per barrel, reversing Monday's slide of more than a Dollar. U.S.

Tue, 23 Sep 2014 08:07:05 GMT

Aussie adds on China's PMI gains

After sliding 2.1% in the last month due to the weakening Chinese economy and the stubbornness of the Reserve Bank of Australia, the Aussie gained and pulled up from its lowest in seven months time. This was due to the positive PMI data from China, Australia's biggest trade partner. The Australian Dollar increased by 0.5% to 88.16 U.S. cents early

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