Asian stocks stronger, In Japanese currency trade Thursday the safe haven currency US dollar was at 124.48 yen compared with 124.23 yen in New York, and well up from 123.90 yen in Tokyo earlier Wednesday.
Stocks and Equity buying was also supported by comments from European Central Bank chief Mario Draghi, who said its new stimulus programme of bond-purchasing had began to kick and there were no plans to end it early. Quantitative easing just had began
Meanwhile, The European Central Bank also projected eurozone inflation would reach 0.3 percent in 2015, up from its previous forecast of flat prices, while it kept its 2016 forecast at 1.5 percent and its 2017 forecast at 1.8 percent. A little bit conservative
Greek meeting sounds 'Very good meeting' , currency trading issues on Eurozone, The euro currency was at $1.1262 and 140.13 yen on Thursday compared with $1.1270 and 140.01 yen in US trade.
The Europe single currency is holding up as investors track talks in Brussels between Greece and its creditors on overhauling its bailout ahead of a Friday deadline for it to repay some of its debt. Hoping for positive result , While a meeting between Prime Minister Alexis Tsipras and European Commission chief Jean-Claude Juncker ended late Wednesday without a breakthrough, they agreed to continue discussions that would unlock billions in much-needed cash for Greece. As reported from Business Insider Eurogroup chief Jeroen Dijsselbloem, who also attended the four-hour talks, told reporters it was a "very good meeting".
Another good and positive news surrounding the Greece's debt talks, And the European Commission -- the executive arm of the European Union and one of Greece's three bailout monitors along with the IMF and ECB -- said: "It was a good, constructive meeting. Progress was made in understanding each other's positions on the basis of various proposals." There are fears that if Athens defaults on its debt obligations it could eventually leave the eurozone.
Meanwhile, Oil prices were mixed. US benchmark West Texas Intermediate for July delivery fell two cents to $59.62 while Brent crude for July rose 11 cents to $63.91. and then Gold fetched $1,185.05 compared with $1,189.20 late Wednesday.
Source : business insider
Stocks and Equity buying was also supported by comments from European Central Bank chief Mario Draghi, who said its new stimulus programme of bond-purchasing had began to kick and there were no plans to end it early. Quantitative easing just had began
Meanwhile, The European Central Bank also projected eurozone inflation would reach 0.3 percent in 2015, up from its previous forecast of flat prices, while it kept its 2016 forecast at 1.5 percent and its 2017 forecast at 1.8 percent. A little bit conservative
Greek meeting sounds 'Very good meeting' , currency trading issues on Eurozone, The euro currency was at $1.1262 and 140.13 yen on Thursday compared with $1.1270 and 140.01 yen in US trade.
The Europe single currency is holding up as investors track talks in Brussels between Greece and its creditors on overhauling its bailout ahead of a Friday deadline for it to repay some of its debt. Hoping for positive result , While a meeting between Prime Minister Alexis Tsipras and European Commission chief Jean-Claude Juncker ended late Wednesday without a breakthrough, they agreed to continue discussions that would unlock billions in much-needed cash for Greece. As reported from Business Insider Eurogroup chief Jeroen Dijsselbloem, who also attended the four-hour talks, told reporters it was a "very good meeting".
Another good and positive news surrounding the Greece's debt talks, And the European Commission -- the executive arm of the European Union and one of Greece's three bailout monitors along with the IMF and ECB -- said: "It was a good, constructive meeting. Progress was made in understanding each other's positions on the basis of various proposals." There are fears that if Athens defaults on its debt obligations it could eventually leave the eurozone.
Meanwhile, Oil prices were mixed. US benchmark West Texas Intermediate for July delivery fell two cents to $59.62 while Brent crude for July rose 11 cents to $63.91. and then Gold fetched $1,185.05 compared with $1,189.20 late Wednesday.
Source : business insider
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