YEREVAN, May 31. /ARKA/. Stocks posted some modest gains Thursday after a run of unspectacular U.S. economic data eased concerns that the Federal Reserve will start to reduce the amount of financial assets it buys each month.

The advances on Wall Street and European exchanges came after figures showed U.S. economic growth in the first quarter downgraded to an annualized rate of 2.4 percent from 2.5 percent, weekly jobless claims surprisingly up 10,000 and pending home sales rising by far less than anticipated in April.

Developments surrounding the U.S. economy are being closely monitored in financial markets. Investors are trying to work out when Fed policymakers will start to withdraw some of the stimulus programs they have backed over the past few years in an attempt to lower long-term interest rates and shore up the U.S. economic recovery.

Categories: Exchange market, General news, News | Comments Off on Stocks rise on hopes for continued fed stimulus: AP

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The dollar fell sharply against major rivals Wednesday, giving up the previous day’s gains made against the yen, in a round of apparent profit-taking

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Tags: DOLLAR, USA

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Stocks are closing lower on news that several Federal Reserve policymakers favored cutting back on stimulus programs as early as June if the economy continues to improve

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China’s benchmark index out-performed the broader Asian market for a second straight session on Friday as investors cheered moves by the government to ease strict regulation while the rest of Asia’s equity markets traded cautiously as concerns grew over a U.S. Federal Reserve exit from quantitative easing

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The Dow Jones index closed above 15,000 for the first time as strong German factory data pushed US and European share markets higher, BBC reported Wednesday

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Gold prices were mainly rising last week, however, no stable dynamics was again reported. Physical purchases continued supporting the asset. In addition, mixed macroeconomic statistics of the largest economy and weaker positions of the USD made gold more attractive

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Asian stock markets rose Friday, finding renewed strength from a fall in U.S. jobless benefit claims and an interest rate cut by the European Central Bank intended to boost the region’s ebbing economy

Categories: Bonds.am @en @en, General news, News | Comments Off on Asia stocks rise on us jobs data, AP reports

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The stock market posted its biggest drop of the year on Monday

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Federal Reserve Chairman Ben Bernanke said on Monday the central bank’s periodic bank stress tests have made the financial system more resilient

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The dollar fell across the board on Wednesday after a report showed the U.S. private sector created fewer jobs than expected last month

Categories: Banks @en, General news, News | Comments Off on Dollar falls broadly as U.S. jobs data weighs, Reuters reported

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