BoE cuts its growth forecasts

Source: Investing.com
On Thursday, the Bank of England left its benchmark interest rate unchanged at a record-low 0.5% and revised down its growth outlook for the Q2 from 0.5% to 0.3%. Moreover, the BoE lowered its annual growth forecast for the UK from 2.2% to 2.0%, and highlighted that the country's inflation rate remained below the 2% target level.



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Thu, 12 May 2016 15:21:14 GMT

US markets open slightly higher on Thursday

At start of New York Stock Exchange Thursday session major indices opened in a bit positive territory. Standard & Poor's 500 increased 0.3% and opened at 2,7079.80 points. In the meantime, Dow Jones gained 0.3% to open at 17,770.00 points and NASDAQ started day's session up 0.3 opening at 4.775.00 points.

Thu, 12 May 2016 13:47:04 GMT

US jobless claims jump most since January 16

The number of Americans filing for unemployment benefits increased to 294,000 in the week ending March 7, the Department of Labor announced on Thursday, whereas analysts expected to see a meager decrease to 270,000, following the previous week's 274,000 initial claims. The number of applications last week was the most since the period ended January 16.

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