While you were sleeping German green light for Fed

Wed, 12 Sep 2012

By Margreet Dietz Sept 13 (BusinessDesk) - After a German court paved the way for the creation of a European Union bailout fund, investors took a collective sigh of relief and refocused on whether the US Federal Reserve will announce a new round of bond-buying tomorrow. In late afternoon trading in New York, the Dow Jones Industrial Average edged 0.05 percent higher, the Standard & Poor's 500 advanced 0.25 percent, while the Nasdaq Composite Index eked out a 0.04 percent gain. “All eyes are expecting some sort of quantitative easing,” Joseph...

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