Bernake cautious about further improvements in labour market

Note: This section contains information in English only.
Source: Marketwatch
Ben Bernake, Federal Reserve Chairman pointed out on Monday that further upturn in labour market may lag. Although job market may self-recover, there are not enough persuasive evidence of that, Bernake claimed. Therefore central bank will keep monitoring upcoming developments in US economy, he added. Investors anticipated Bernake's announcement as a signal Fed is likely to maintain its loosen monetary policy.
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Tue, 27 Mar 2012 06:44:37 GMT

Gold firms after Fed hinted on easing in the US

Gold prices increased at Asian trade on Tuesday, being supported by hints that Fed is likely to provide additional stimulus to the US economy as labour market remains weak. COMEX gold futures for delivery in June traded at 1,691.45 US Dollars per troy ounce on the New York Mercantile Exchange, gaining 0.19%.

Tue, 27 Mar 2012 08:51:06 GMT

US stocks recover on Bernake's speech

US leading stock indices offset last week's losses on Monday after FED chairman Ben Bernake indicated that central bank is likely to stick to loose monetary policy in order to maintain improvements in labour market. S&P 500 index gained 1.39% or 19.40 points and closed at 1,416.51, Dow Jones Industrial Average jumped 1.23% or 160.90 points and settled at 13,241.63. Nasdaq Composite advanced

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