Cable steady before U.S. employment data

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Source: Reuters

On Friday, the British Pound was steady versus the U.S. Dollar, as investors were cautious before a report on U.S. employment. The Sterling was flat versus the greenback and was fluctuating between a session low of $1.6174 and a session high of $1.6199, consolidating later at 1.6187 by 12.28 p.m. London time.

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Fri, 05 Oct 2012 13:10:55 GMT

U.S. unemployment rate unexpectedly fell to 7.8%

The U.S. jobless rate unexpectedly declined to 7.8% in September, the lowest level since Barack Obama became the U.S. President in January 2009, as employers hired more part-time workers. Economists projected the unemployment rate to increase from 8.1% to 8.2%. The U.S. economy added 114 000 employees last months following 142 000 gain in August, according to Labour Department figures. "The

Fri, 05 Oct 2012 14:27:51 GMT

German shares jump despite dismal factory orders figures

German stocks surged on Friday, supported by hopes that the ECB will start buying bonds of troubled european nations. However, dismal data from German economy weighted down on equities. German factory orders dropped 1.3% on a seasonally adjusted basis in September compared to forecasts of a 0.5% decline last month. The DAX Index rose 0.63% to trade at 7,362.12. Seven

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