ECB Cuts Interest Rates
The European Central Bank (ECB) announced an interest rate cut of a quarter of a percentage point from 1.5 percent to a record low of 1.25 percent. More
US New Jobless Claims Jumps to 669,000
The US Labor Department reported today that 669,000 new jobless claims were filed for the previous week – a jump of 12,000 from the previous week. More
G20 Optimism Spills Over Into Markets
Markets in Asia and Europe got off to a roaring start on Thursday on growing optimism that new stimulus plans and other agreements resulting from the G20 summit meeting will help the ongoing economic crisis. More
Euro Gains on Interest Rate Cut and US Unemployment
The euro is set to make further gains on the dollar on news of a quarter point interest rate cut by the ECB and more job losses in the US. More
