U.S. stocks rose and the dollar weakened on bets of Fed easing.
American inflation and jobless claims fueled speculation that the Fed
may loosen monetary policy to spur growth, with treasuries falling
and commodities gaining.
Speculation grew that the Fed will discuss stimulus efforts at its
meeting next week -after reports showed jobless claims unexpectedly
climbed by 6,000, and the cost of living fell by the most in more than
three years.
European stocks took a hit - with Moody’s downgrading Spain’s credit
rating three steps yesterday.
Investors also awaited weekend elections in Greece - to gauge
prospects of the the nation remaining in the euro bloc.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...