While you were sleeping Hope for central bank help

Thu, 09 Aug 2012

By Margreet Dietz Aug 10 (BusinessDesk) - Wall Street held on to recent gains as data showing China’s inflation and industrial production growth cooled in July fanned hopes that the central bank of the world's second-largest economy will act to accelerate the pace of expansion. In late afternoon trading in New York, the Dow Jones Industrial Average was steady at 13,175.09, the Standard & Poor's 500 Index squeezed out a 0.07 percent gain and the Nasdaq Composite Index rose 0.20 percent. In Europe, the Stoxx 600 Index ended the day with a 0.4...

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