US Challenger Job Cuts (YoY) improves to 55.356K in Feb from 40.4K in Jan

Mar 7, 2013

European markets higher ahead of ECB

The German DAX 30 (+0.10%), the French CAC 40 (+0.44%), the Spanish IBEX 35 (+0.51%) and the British FTSE 100 (+0.42%) are edging higher ahead of the ECB, while the Italian FTSE MIB trades flat. Analysts see some chance of a rate cut, but it's mostly expected to stay unchanged. UK Investors were now informed that the BoE kept things unchanged, surprising some more dovish traders. Europe cheered the improving yields on the debt market.

Euro on the brink of establishing new 2013 lows?

After testing 2013 lows in the vicinity of 1.2965/70 soon after the close in Wall St. on Wednesday, the single currency attempted a pretty decent bounce above 1.3040 during the European morning, fortified by...