Fed maintains low interest rate policy

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Source: Reuters
Ben Bernake, Federal Reserve Chairman claimed US monetary policy currently is appropriate. Nevertheless he admitted Fed will apply additional bond purchases in case economy shows signs of weakening. Bernake repeated is prediction the interest rates would not climb until 2014. Yields for US long term bonds slightly declined while stocks advanced. 
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Thu, 26 Apr 2012 06:17:32 GMT

Orders for US durable goods dropped in March

The number of orders for US durable goods declined in March, reaching a three-year record low as the fall in demand for aircraft overshadowed gains from business investment. Orders for goods to be used at least 3 years fell 4.2%, Commerce Department said on Wednesday. Economists questioned by Bloomberg expected the bookings would drop 1.7% last month. Core durable goods

Wed, 25 Apr 2012 14:30:30 GMT

German DAX rallies despite weaker data from US

German shares followed their European and US peers on Wednesday, lifted by earnings reports. Benchmark DAX index climbed higher in the morning though pared gains in late trade on larger-than-expected fall for US durable goods orders. Financials Deutsche Bank and Commerzbank supported DAX, adding 2.7% and 4.5% respectively. Deutsche Lufthansa extended gains and surged 3.5%. At the moment of writing

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