Borrowing costs grow as Germany sells its debt

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Source: Forexpros

On Wednesday, Germany witnessed an increase in its borrowing costs, as it was selling its 5-year government debt on an auction. Germany's Treasury managed to sell debt worth EUR3.97 billion in 5-year notes, having the average yield of 0.61%, compared to the yield of 0.31% during a similar auction in August. Demand exceeded supply only 1.4 times.

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Wed, 12 Sep 2012 16:48:47 GMT

US stocks rose on hopes for Fed easing

US stocks advanced on Tuesday on hopes that the Fed will announce easing measures at the upcoming FMOC meeting due to start on Wednesday. At the same time, investors remained cautious ahead of the German Constitutional Court ruling regarding its backup of the Eurozone rescue fund. The S&P 500 rallied 0.31% to close at 1,433.56. Seven out of ten sectors

Wed, 12 Sep 2012 16:37:48 GMT

Number of Americans in poverty held steady, while incomes fell

The Census Bureau reported on Wednesday that the amount of Americans who lived in poverty in 2011 was 15% or 46.2 million people, which is an insignificant change from the figure for the preceding year, which was 15.1%. However, the median U.S. income in 2011 declined by 1.5% from the reading in 2010.

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