Author: 123jump.com Staff
123jump.com
Last Update: 6:01 PM EST December 06 2007
The Bank of England lowered the rate by 0.5% and the European Central Bank lef the rates unchanged. Mining and banks rose after the rate decision. U.S. stocks advanced on optimism that rate may be lowered next week in the U.S. after the Bank of England lowered the rate by 0.5%. Dow added 1.3%, S&P 500 increased 1.5%, and Nasdaq advanced 1.6%. Deutsche Bank plans to raise dividend, after two-years.
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