European stocks extended gains ahead of bond auction in Spain

Note: This section contains information in English only.
Source: Marketwatch

European markets advanced on Thursday ahead of a Spanish bond auction, as well as Ben Bernanke's, U.S. Federal Reserve Chairman, testimony to the Congress. The Stoxx Europe 600 index rose 0.2 per cent to 240.40. Swedish Nordea Bank AB and Swedbank AB gained 4.3 per cent and 3 per cent, respectively. The CAC 40 index climbed 0.8 per cent to 3,082.91.

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Thu, 07 Jun 2012 19:33:27 GMT

GBP/USD trimmed gains on disappointing Fed comments

Cable trimmed gains on Thursday, as the Chairman of the Federal Reserve disappointed expectations of the market for further stimulus. GBP/USD peaked at 1.5600, a one week-high, and consolidated at 1.5553, which is still a 0.37% gain in the U.S. morning trading session. The support was likely to be at 1.5428, and resistance was prone to be found at 1.5643.

Thu, 07 Jun 2012 19:22:27 GMT

U.S. stock futures gain after cut of Chinese rates

U.S. markets gained this Thursday after Chinese reserve bank unexpectedly decreased its deposit and interest rates by 25 basis points. The Dow Jones Industrial Average rallied 72 points to 12,491. The Standard & Poor 500 Index advanced 10.50 points to 1,319.40 and Nasdaq-100 index climbed 16.50 points to 2,566.50. Petroleum futures ticked higher, while gold and the Greenback retreated.

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