Friday, August 3, 2012

Asian stocks disappointed at a lack of action by the European Central Bank, Jobs data brings Wall Street stocks to positive territory

Stocks news for today, Asian stocks drop after European Central Bank disappointed some investors with no immediate action proposed to help eurozone

Jobs data really helps the US stocks market, Wall Street stocks buoyed by jobs data, US equities bounce back to positive territory after the losing streak of four consecutive days on the week due to the better-than-expected jobs report


Forex news for todays, US Dollar falls after non-farm payrolls, Traders expect non-farm payrolls to set tone for QE3 debate while euro claws back earlier losses against the USD having fallen on disappointment with ECB

Peripheral yields ease on bond-buying hopes, Short-term Spanish and Italian borrowing costs have been helped by hopes the ECB will soon return to the capital markets

Meanwhile, Banks help FTSE 100 after RBS figures, Financial stocks help support London benchmark after news of lower impairment charges for bad debts at Royal Bank of Scotland

Another good news from European insurers lifted by earnings, Allianz and Axa rise and banking stocks recover Thursday's losses, when markets were disappointed at a lack of action by the European Central Bank

The biggest electronic company, Sharp and Sony shares sink after warnings, Japan's Nikkei index falls after a string of earnings forecast cuts, while the higher yen hits exporters and a drop in commodity prices puts pressure on miners

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