U.S. ISN non-manufacturing PMI better than expected in August

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Source: Forexpros
The Institute for Supply Management said in a report that the U.S. non-manufacturing index jumped to 53.7 in August compared to previous month's reading of 52.6. Experts had predicted the headline reading to advance 53.0 in the month.  Any reading above 50 indicates nation's non-manufacturing sector is generally expanding.
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Thu, 06 Sep 2012 14:52:31 GMT

ECB to resume bond-buying program

Eurozone's policy makers agreed to an unlimited bond- purchase program to regain control of interest rates in the region. The decision was made during today's press conference in Frankfurt after the ECB held its benchmark rate at a record low of 0.75 per cent. The European Central bank will target government bonds with maturities from one to three years, including longer-dated debt that has a

Thu, 06 Sep 2012 16:38:34 GMT

German shares surged on upbeat factory orders data

German shares surged on Thursday after the ECB press conference. The ECB left the benchmark interest rate at record low level of 0.75% and unveiled details regarding unlimited bond-purchasing program. Sending German stocks higher, the country's factory orders advanced more-than-expected in July, jumping from June's drastic decline. The DAX Index rallied 1.31% to trade at 7,102.40. All sectors included in

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