The ECB is winding down its emergency lending programmes. Bloomberg reports on Thursday:
European Central Bank President Jean- Claude Trichet announced plans to scale back emergency lending next year that free policy makers to raise interest rates...
Wednesday's economic reports show the US economy on a gradual path to recovery. Reuters reports:
According to the ADP Employer Services report on Wednesday, U.S. private employers shed 169,000 jobs in November, down from 195,000 in October....
Yet another rate hike from the Reserve Bank of Australia on Tuesday. AFP/CNA reports:
Australia raised interest rates for an unprecedented third month running Tuesday, announcing a 25 basis points rise to 3.75 per cent as it makes a "gradual...
Predictably, the Dubai stock market plunged on Monday. However, most of the rest of the world appear to have settled down from last week's turbulence. From Bloomberg:
U.S. stocks rose, extending a monthly gain for the Standard & Poor’s 500...
