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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: ECB

ECB stories: 7 news summaries
MARKETS

 Dow Up 216, Flirts With 8,000 

Financial sector celebrates relaxation of mark-to-market accounting rules

Apr 2, 09 3:14 PM CDT
(Newser) - Stocks rallied today to a strong finish as global action to combat the financial crisis boosted confidence, the Wall Street Journal reports. The European Central Bank cut interest rates, and G20 tripled the lending budget of the International Monetary Fund to $750 billion. After going above 8,000, the Dow... More »

MORE ABOUT:
China • Dow Jones • Nasdaq • manufacturing • ECB • S&P 500 • G20 • Financial Accounting Standards Board

Europe Cuts Rates Less
Than Expected to 1.25%

Economists, markets had hoped for 50-point cut

Apr 2, 09 7:18 AM CDT
(Newser) - The European Central Bank cut interest rates today by 25 basis points, less than expected, to 1.25%. Economists had widely expected a cut double that size, reports the Financial Times, and financial markets soared on the news this morning. The ECB has been more hesitant to cut rates than... More »

MORE ABOUT:
recession • European Central Bank • ECB • eurozone • interest rate cut • Jean-Claude Trichet

MARKETS

 Insurer Leads 259-Point Surge 

Stocks manage to stay afloat despite terrible jobs report

Dec 5, 08 3:29 PM CST
(Newser) - Stocks rallied at the end of the session today despite a grim November jobs report that showed unemployment rising to 6.7%, MarketWatch reports. Insurer Hartford Financial led financials higher after announcing that its business were doing better than it had expected. The Dow rose 259.18 to close at... More »

MORE ABOUT:
Citigroup • Dow Jones • insurance • employment • Nasdaq • ECB • S&P 500 • Hartford Financial

MARKETS

 Markets Mixed in Light Trading 

Perked-up GM helps send Dow into holiday weekend on gain

Jul 3, 08 12:42 PM CDT
(Newser) - The markets ended mixed today amid flat economic news, MarketWatch reports. With volume light ahead of the holiday, General Motors enjoyed a rebound after a sharp fall yesterday helped push the market into bear territory. The Dow gained 73.03 to close at 11,288.54. The S&P 500... More »

MORE ABOUT:
Dow Jones • General Motors • unemployment • Nasdaq • oil price • ECB • S&P 500

Europe Hikes Interest Rates
to Curb Inflation

Central bank's quarter- point increase to 4.25% is first move in a year

Jul 3, 08 8:29 AM CDT
(Newser) - The European Central Bank today adjusted interest rates for the first time in more than a year, reports MarketWatch, raising the main rate by a quarter-point to 4.25%. The increase comes just after a report that inflation in the eurozone has reached 4%, the highest rate since the introduction... More »

MORE ABOUT:
inflation • euro • European Central Bank • interest rate • ECB • eurozone

 Dollar Rallies at Last 

Greenback posts biggest advance since March as eurozone sputters

Apr 25, 08 6:46 AM CDT
(Newser) - The dollar rose to a three-week high against the euro today and looked set to post its biggest weekly advance since March. The dollar advanced to $1.55 per euro this morning in London, after falling below the $1.60 barrier on Tuesday. The dollar also gained against the yen,... More »

MORE ABOUT:
Federal Reserve • euro • yen • European Central Bank • ECB • US dollar

ECB Pumps Cash Into European Markets

Key interest rates left unchanged in effort to  reduce turmoil

Sep 6, 07 1:25 PM CDT
(Newser) - The European Central Bank pumped $57.7 billion of emergency cash into the markets today and left their key interest rates unchanged, in an effort to ease the cost of borrowing and calm markets made volatile by the US subprime collapse, Bloomberg reports. The ECB action followed a day in... More »

MORE ABOUT:
subprime mortgages • market • European Central Bank • European markets • ECB • banking

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