More Americans claimed for jobless benefits last week

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Source: Marketwatch
More Americans filed applications for jobless benefits last week, the Labor Department reported on Thursday.  Initial claims jumped by 8,000 to a 365,000 during the previous week.  The department also reported that the number of people already receiving unemployment benefits declined by 19,000 to a 3.27 million people, in the week ended  July 21. Meanwhile, monthly employment is growing too slowly in order to lower the unemployment rate, which is currently at the 8.2 per cent level.
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Thu, 02 Aug 2012 16:44:57 GMT

Greenback edges higher on ECB's comments

The U.S. Dollar turned higher versus the shared currency as Mario Draghi announced no new decisive action to support his last week's pledge to do whatever it takes to save the Euro. The ICE Dollar index jumped 0.10 per cent to 83.233 from 82.545 just before the press conference. Meanwhile, the Euro erased 0.22 per cent to $1.2201.

Thu, 02 Aug 2012 15:49:57 GMT

German shares slide after ECB conference

German shares rose in early European session amid hopes for easing from the ECB. However, the ECB decision to refrain from easing measures at the moment dragged German blue chips index sharply lower. German DAX Index has already lost 1.82% to trade at 6,638.30 at the time of writing. All industries in the index sank. Utilities and basic materials posted

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