European stocks advanced on ECB comments

Note: This section contains information in English only.
Source: Forexpros

European stocks turned green, after the ECB's meeting, with Mario Draghi's bond-buying proposal involving unlimited purchases of government debt. The Stoxx Europe 600 Index added 0.3 per cent to 266.32; French CAC 40 Index jumped 0.7 per cent to 3,421.94, while German DAX 30 Index gained 0.6 per cent to 6,975.06.

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Wed, 05 Sep 2012 19:07:31 GMT

Bank of Canada holds interest rate steady

The Bank of Canada announced on Wednesday, September 5, that it is maintaining its target for the benchmark interest rate at 1 per cent. Canadian central bank left its interest rate unchanged for a sixteenth consecutive month, as global economic outlook is getting more uncertain. Soon after the report, the Canadian Dollar depreciated versus its U.S. counterpart, with USD/CAD currency pair jumping 0.15 per cent.

Wed, 05 Sep 2012 18:45:31 GMT

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German shares rallied on Wednesday despite weak Eurozone's data releases. German services PMI contracted at the fastest speed since August 2009 last month. Meanwhile, traders anticipate the ECB press conference due on Thursday. The German DAX Index soared 0.45% to trade at 6,959.25. Eight out of nine economic sectors included in the index jumped. The best-performers were health care and

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