ECB hold benchmark interest rate at 0.75%

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Source: Forexpros
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.
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Thu, 06 Sep 2012 14:41:33 GMT

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

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.

Thu, 06 Sep 2012 14:29:31 GMT

Europe stocks cut rise after ECB decision

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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