Interest Rates Rise on Positive Economic Data
There was rise in the interest rates on positive data on durable goods orders and home sales in the bond market on Wednesday, raising the expectations about the U.S. economy.
The news from the Commerce Department, that the recovery process of the economy is very decent.
This helped investors to invest less worries, as a result stocks of the Dow Jones industrial rose average up about 20 points in afternoon trading and reducing demand for safe investments like Treasurys.
Related posts:
- Market lowers as Fitch Degrades Spain’s Credit Rating American sensex drifted lower in early afternoon trading after...
- $12 bn rise in US Exports to UAE Despite the economic recession, the trade between US and...
- Eurozone debt leads to global stock market tumble The Global stock market on Tuesday witnessed a considerable...
- Panic on the New York Stock Exchange Fears of a new credit crisis in the euro area,...
- Four Days on Profit Selling but Gold falls for the First Time 27-05-2010: Gold prices fell for the first time today,...
Posted by AnnabelleLion on May 27 2010 Filed under Business. You can follow any responses to this entry through the . You can leave a response or trackback to this entry
