Europe stocks cut rise after ECB decision

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Source: Marketwatch
European stocks pared advance on Thursday, after the ECB held its key interest rate unchanged at 0.75%. The Stoxx Europe 600 Index surged 0.6% at 267.01. The FTSE 100 Index gained 0.5% to 5,688.33. The CAC 40 Index rose 0.9% to 3,436.96. The DAX 30 Index climbed 1.2% to 7,046.14.
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Thu, 06 Sep 2012 13:23:35 GMT

ECB hold benchmark interest rate at 0.75%

The European Central Bank left benchmark interest rate unchanged today, as President Mario Draghi prepares to unveil a bond-purchase plan to save the shared currency. During today's meeting in Frankfurt, region's policy makers left the benchmark rate at a record low of 0.75 per cent, meeting analysts' expectations.

Thu, 06 Sep 2012 14:18:31 GMT

U.K. property prices decline in August

U.K. house prices slipped for the second consecutive month in August, Lloyds Banking Group's Halifax reported on Thursday. Property prices dropped 0.4% on month, after a 0.7% slid in July. Economists estimated a 0.2% increase. On quarterly basis, prices fell 0.9%. The government is expected to outline support to 16,500 new buyers by extending the FirstBuy scheme.

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