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Banks, autos lift Europe Stocks ahead of ECB decision

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posted on Oct, 6 2011 @ 03:30 AM
Source MW

LONDON (MarketWatch) — European stocks rose Thursday, with banks again benefitting from hopes for a more coordinated crisis response from European policy makers, while investors also keenly awaited the latest policy decisions from the European Central Bank and Bank of England.

The Financial Times reported that European regulators are planning a new round of stress tests for banks, which — this time around — would factor in potential losses on sovereign debt. The last round of tests were performed less than three months ago, but did little to calm investors because the tests didn’t consider the possibility of big sovereign losses.

Oh really?

which benefitted from better-than-expected data on the services sector and employment, though the real test for markets on the jobs front will likely come Friday with the monthly nonfarm payrolls report for September.

better-than-expected data on the services sector and employment data?
the real unemployment rate is alot higher then 9.1%
seems like that Market Watch isnt focused on the reailty seeing how the Market Watch writers forget to write in autos lift Europe Stocks ahead of ECB decision well it seems that they were in a hurry.

any predictions for the jobs report on friday?
edit on 6-10-2011 by Agent_USA_Supporter because: (no reason given)

posted on Oct, 6 2011 @ 05:51 AM
From what I have read the NFP will be from 59000 jobs created tops to a negative read.

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