Bank Of Baku

US, European markets rise

US, European markets rise
# 25 February 2010 08:30 (UTC +04:00)
Baku - APA-Economics. The US markets gained post Ben Bernanke pledged to keep rates low for a long time in his testimony, moneycontrol.com reported.

FOMC continued to anticipate a moderate pace of economic recovery and that inflation is expected to remain subdued.

Commodities gained as dollar slipped post Bernanke’s comment.

The Dow Jones Industrial Average ended up 92 points at 10,375. The Nasdaq was up 23 points at 2236 and S&P 500 was up 11 points at 1105.

European markets ended higher on Wednesday. The CAC was up 0.23%, DAX up 0.2% and FTSE up 0.5%. CBOE VIX was down 5% at 20.27.
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