European stocks traded lower on Wednesday

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Source: Marketwatch
European stocks traded lower on Wednesday, and the rally lost steam, as expectations that the ECB will take bold actions to stimulate economic growth in the Eurozone waned. The Stoxx Europe 600 Index lost 0.1% to 270.23; the U.K's FTSE 100 Index declined by 0.4% to 5,839.15, Spanish IBEX 35 Index erased 0.3% to 7,107.20, and German DAX 30 index tumbled by 0.5% to 6,938.79.
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Wed, 15 Aug 2012 18:39:33 GMT

Greenback advanced versus the Euro on Wednesday

The U.S. Dollar strengthened versus the shared currency on Wednesday, as European leaders do not act in order to bolster Eurozone's economy. The EUR/USD currency pair dropped 0.33% to $1.2281, while the ICE Dollar Index added 0.14% to 82.66. The greenback was also supported by improved U.S. fundamentals, such as inflation and industrial production.

Thu, 16 Aug 2012 13:01:27 GMT

U.S. industrial output added 0.6% in July

In today's report, the Fed said that U.S.  industrial production grew for a third straight month and added 0.6% in July, after jumping 0.1% in June.  The improvement in data may influence the Fed's decision whether to launch another quantitative easing or not.  Meanwhile, the manufacturing output jumped by 0.5 per cent, while mining output added 1.2%, and utilities output rocketed 1.3%.

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