European stocks rise before ECB press conference

Note: This section contains information in English only.
Source: Boomberg
European stocks rose as investors awaited the ECB President Mario Draghi to announce a plan to tame the Eurozone debt crisis. The Stoxx Europe 600 Index gained 0.3% to 266.28. Standard & Poor's 500 Index futures also rose 0.3% today. Draghi will convene a press conference at 14.30 in Frankfurt, after the ECB announces an interest-rate decision.   
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Thu, 06 Sep 2012 11:11:34 GMT

Yields on French debt drop

On Thursday, France witnessed a decrease in yields as it was selling its debt on an auction, since traders eyed upcoming ECB's policy meeting. France's Treasury managed to sell government bonds worth EUR7.98 billion, while the target was between 7 and 8 billion Euros. The average yield of 10-year bonds was 2.21%, which is less than the average yield of 2.53% in August.

Thu, 06 Sep 2012 09:57:34 GMT

Aussie strengthens before Draghi's speech

The Australian Dollar strengthened after report indicated the nation's unemployment fell from 5.2% in July to 5.1% in August. The so-called Aussie Dollar climbed 0.3% to $1.0227 and gained 0.3% to 80.18 Yen. The Pacific currencies gained versus most of the 16 major peers before Mario Draghi's speech at the press conference today. 

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