Draghi's bond-buying scheme will not breach EU rules

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Source: CNBC
The ECB's President Mario Draghi told European policy makers that the short-term sovereign bond-buying scheme by the ECB would not violate EU rules. Draghi is expected to provide more details of the bond-purchase programme on Thursday. The programme is aimed at reducing borrowing costs for ailing and indebted economies that seek help.
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Tue, 04 Sep 2012 08:52:25 GMT

Gold prolonged rally amid stimulus hopes

Precious metals extended previous gains on Monday amid mounting expectations that the Fed and POBC will loosen their monetary policies to boost growth. Broadly weaker US Dollar also supported the rally of the commodity group. Gold moved slightly higher during thin Mondays' session as recent Ben Bernanke's comments that weakness of the US labour market may force the Fed to loosen

Tue, 04 Sep 2012 08:30:26 GMT

Asian stocks fall on Moody's EU outlook downgrade

Asian stocks declined as Moody's Investors Service cut its outlook for the European Union before the European leaders' meetings. The MSCI Asia Pacific Index lost 0.4% to 117.31. Japan's Nikkei 225 Stock Average slid 0.4% and South Korea's Kospi Index fell 0.2%. Australia's S&P/ASX 200 declined 0.6%, while New Zealand's NZX 50 Index climbed 0.2%. Hong Kong's Hang Seng Index

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