European stocks pare gains after U.S. data

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Source: Forexpros
European stocks edged higher on Friday, on growing expectations for bond buying in the euro zone, but disappointing U.S. nonfarm-payrolls data weighed on investors' minds. The Stoxx Europe 600 Index added 0.22% to 272.26; French CAC 40 Index jumped 0.38% to 3,524.82, while German DAX 30 Index gained 0.7% to 7,218.92.
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Fri, 07 Sep 2012 20:09:34 GMT

Canada's Ivey PMI stronger than expected in August

The pace of purchasing activity in the Canadian economy slowed in August, but stronger-than-expected, according to Ivey Purchasing Managers Index data released on Friday, September 7. The data showed the seasonally adjusted index dipped to 62.5 in August from 62.8 in the preceding month. Analysts had predicted Canada's Ivey PMI to drop to 58.3.

Fri, 07 Sep 2012 19:47:35 GMT

The Euro gains against the U.S. Dollar on disappointing jobs report

The 17-nation currency increased versus the Greenback on Friday after the disappointing U.S. Labor Department report on non-farm payrolls. EUR/USD gained 1.12% to trade at 1.2773, up from a day-low of 1.2627. The pair's support was likely to be at 1.2627, while the resistance was prone to be found at 1.2779.

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