While you were sleeping: ECB measures lift equities

Thu, 05 Jun 2014

By Margreet Dietz June 6 (BusinessDesk) - Wall Street climbed to record highs as investors welcomed unprecedented stimulus from the European Central Bank which underpinned expectations for the worldwide economy. Meanwhile, US weekly jobless claims were better than expected, a welcome sign before the monthly government jobs report due on Friday. Initial claims for state unemployment benefits rose 8,000 to a seasonally adjusted 312,000 for the week ended May 31, according to Labor Department data. In the final hour of trading in New York...

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