Stocks moved higher in morning trading on Tuesday as investors reacted to a much anticipated Greek debt deal. At its best levels, the Dow Jones Industrial Average breached the key psychological 13,000 mark before retreating in afternoon trade. At the close, the Dow had added around 16 points to 12,965. The widely watched blue-chip index [...]
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Bank of England’s Dovish Leanings Surprise
(eToro Blog) The Bank of England released the minutes from the February meeting wherein it was revealed that the division on the issue of quantitative easing is still evident. Dove Adam Posen was joined by David Miles who voted to increase the last QE round by £75 billion rather than £50 billion in order to [...]
China Easing News Gives OpenBook’s Equities and Gold Bulls a Bounce
(eToro Blog) With China’s slowing growth a clear concern to Beijing it was only a matter of time before the government made further changes to its monetary policy. On Saturday, the people’s Bank of China announced that it was again relaxing reserve requirements, this time to 20.5% for the largest commercial banks, again a reduction [...]
