September Daily Review - 03/09

 

1. Wall Street opened higher on Thursday as data pointed to a strengthening U.S. economy and the European Central Bank indicated it could prolong its stimulus program.

2. U.S. stocks opened higher Thursday, with the Dow Jones Industrial Average gaining 100 points after the European Central Bank (ECB) kept benchmark interest rates unchanged, hovering at historic lows. Investors also weighed jobless claims data ahead of the all-important employment report for August, due out Friday.

3. Service sector activity in the U.S. grew at a faster rate than expected in August to hold near a ten-year peak, boosting optimism over the health of the economy and supporting the case for a rate hike later this month, industry data showed on Thursday.

4. FOREX - The euro was sharply lower against the dollar on Thursday after the European Central Bank indicated that it could expand its quantitative easing program amid increased downside risks to its inflation outlook.

5. NEW YORK - U.S. services sector growth edged ahead during August from July to its highest level since May, signaling the United States was on track for solid third-quarter expansion, an industry report showed on Thursday.

 

 

 

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