While the dollar was holding gains against the euro, copper and oil were falling, European and Asian stocks rose, policy makers still hadn’t decided whether they would be adding stimulus in manufacturing data from China to Germany. Both the MSCI Asia Pacific Index and the Stoxx Europe 600 Index rose by 8 AM in London both by 0.2 percent, while China’s benchmark stock index was still … [Read more...]
U.S. Economy Bouncing Back in the Second Quarter
Although the housing sector hasn't been experiencing the expected growths in prices, global U.S. economic growth is still accelerating at an accelerated rate. The second quarter has brought a decline in output over the last period that wasn't as steep as economists had expected it. The Commerce Department reported on Wednesday that gross domestic product had expanded at a 4% annual rate and … [Read more...]
