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251. Markets Remain Reassured by ECB Bond-buying Plan
A bond-buying plan from the European Central Bank continued to lift financial markets on Friday. Financial markets have reacted positively to the plan, unveiled Thursday by ECB president Mario Draghi, because it lowers the possibility that the euro currency union will break up, at least in the near-term. Stocks have risen strongly, as has the euro and the price of oil, while the costs of borrowing for countries like Spain and Italy has become more manageable.
252. ECB Bond Plan Gets Cheered in Markets
Markets rallied Thursday as investors cheered a package of measures from the European Central Bank that is designed to ease Europe's debt crisis and secure the future of the euro currency.
253. Jobless Claims Fall, Hiring Added 201,000 Jobs
U.S. stock market futures rose Thursday, boosted by a better-than-expected report on unemployment claims and a strong report from a private payroll company on hiring. Traders also took a cue from world markets, which gained as the European Central Bank said it will take action to ease Europe's debt crisis.
254. Investors Cautious Ahead of ECB Meeting
Global markets fluctuated Wednesday as investors weighed poor economic data against expectations that the European Central Bank will announce a plan to support financially weak countries in the 17-member eurozone.
255. Italy: Unemployment at 10.7 Percent as Businesses Are Reluctant to Hire
Italy's unemployment in July held at a seasonally adjusted 10.7 percent as businesses were reluctant to hire amid the country's fourth recession since 2001.
256. Draghi Under Mounting Pressure Over Euro Debt Crisis Plans
European Central Bank chief Mario Draghi is facing mounting pressure as he attempts to drive forward a new controversial plan to help resolve the long-running eurozone crisis.
257. Fragile Eurozone Hit
The eurozone's fragile economy suffered another blow Friday with the release of data showing both unemployment hitting a record high, and inflation picking up more than forecast.
258. Busy Euro Diplomacy Week Ahead for Merkel
German Chancellor Angela Merkel faces a busy week of shuttle diplomacy over the eurozone crisis, travelling to both Spain and Austria for talks, her deputy spokesman said in Berlin on Friday.
259. US Stocks Erase Gains Amid Foreign Uncertainty
Wall Street stock indexes on Thursday largely erased gains from the day before as German unemployment increased for a fifth month, economic sentiment in the crisis-battered eurozone continued to plummet and Japanese shares declined.
260. Spain Vows to Continue Reforms, Rules Out Tax Hikes
Spanish Prime Minister Mariano Rajoy vowed Thursday to press on with his rigorous round of economic reforms and budget cuts, but ruled out any further tax increases next year.
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