ECB rate cut likely to have relatively low impact on Euro

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Source: Bloomberg
46 of 62 economists questioned by Bloomberg predict ECB will reduce its benchmark rate for a quarter point tomorrow. Nevertheless analysts suggest that this move is unlikely to have strong impact on economic activity or inflation level. Instead the decision could serve as a signal for markets that officials are undertaking measures to struggle with crisis.
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Wed, 04 Jul 2012 09:27:36 GMT

Nikkei 225 prolongs gains on easing hopes

Japanese shares traded higher for the second straight session lifted by hopes ECB and PBOC will intervene to support growth. Nikkei 225 index climbed 0.41% or 37.58 points and finished at 9,104. Inpex Corp, Japan's biggest energy provider, surged 2.9% after oil reached a one-month high amid renewed tensions in Iran. On the downside JFE Holdings the country's second-largest steelmaker,

Wed, 04 Jul 2012 07:30:37 GMT

Loonie appreciates on higher crude prices

The Canadian Dollar climbed versus US Dollar hitting a 6-week record high as crude oil prices surged amid hopes China and Europe may implement monetary stimulus. Canadian currency advanced 0.5% against greenback to CAD 1.0122. Currently USD/CAD is trading at 1.0133.

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