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This is an archive article published on November 8, 2013

ECB-driven rally peters out after US data

The US Federal Reserve will tighten its policy earlier than expected on a better US Q3 growth.

A market rally triggered by the European Central Banks rate cut ran out of steam amid concern the US Federal Reserve will tighten its policy earlier than expected on a better US Q3 growth.

That did not,however,prevent shares in Twitter from soaring. Germanys DAX closed 0.4 per cent higher at 9,081.03 while Frances CAC-40 fell 0.1 per cent to 4,280.99. Britains FTSE 100 shed 0.7 per cent. On Wall Street,the Dow was down 0.3 per cent at 15,704.18 while Samp;P 500 shed 0.6 per cent to 1,760.70. AP

 

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