Wall Street rises on positive Jobs data and ECB cut

FXstreet.com (San Francisco) - The US stocks market has closed Thursday with strong gains as investors' confidence was fueled by the lowest initial jobless claim figures in five years at 324K and the ECB movement to cut rates and open the door to negative deposit rates. The S&P closes at record high and the Nasdaq posted its highest close in 12 years.

The Dow Jones advanced 130.63 points or 0.89% to end the day at 14,831.58. The S&P 500 added 14.89 points or 0.94% to 1,597.59. And the Nasdaq Composite rallied 41.49 points or 1.26% to 3,340.62.

May 2, 2013

Stephen Poloz named new BOC governor

The next BOC governor has been announced. His name is Stephen Poloz, up until now having held the position of chief executive of Export Develoment Canada, the export credit agency. Mr. Poloz will be replacing Mr. Carney, after the latter moved on to take new responsibilities as the new Bank of England governor.

Session Recap: Euro falls as Draghi opens the door to 'negative deposit rates'

The Euro collapsed on the Thursday’s session following the ECB's rate cut by 25 bps and the possibilities of further cuts. But the major reaction came as Mario Draghi opened the door to negative deposit rates to try to encourage the banking lending. Draghi said they are "technically ready."