European stocks edged higher on Wednesday

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Source: Marketwatch
© Scanpix/AFP

European stocks edged higher on Wednesday, October 17, as Spain dodged its credit rating downgrade by Moody's. The Stoxx Europe 600 Index rose 0.47 per cent to 275.66. Germany's DAX Index edged higher 0.25 per cent to 7,394.55 and France's CAC 40 Index rocketed 0.76 per cent to 3,527.50.

 

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Thu, 18 Oct 2012 06:06:27 GMT

Yen falls to 1-month low on Euro optimism

The Japanese Yen fell to a one-month low as Asian stock gained and optimism EU leaders meeting in Brussels will take measures to solve the Eurozone's crisis curtailed demand for haven assets. The Yen fetched 79.22 per U.S. Dollar, the weakest level since September 19, before reaching 79.13 per greenback. Japan's currency traded at 103.62 per Euro, after reaching 103.85

Wed, 17 Oct 2012 19:15:23 GMT

U.S. stocks turned green on housing data

U.S. stocks turned green on Wednesday, as upbeat data from the U.S. pointed to property market recovery. The Dow Jones Industrial Average advanced 0.1%, to 13,543.30; the Standard & Poor 500 Index jumped 0.4%, to stand at 1,460.19, while Nasdaq 100 futures added 0.2%, to 3,109.02.

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