ECB policy will be expansionary as long as needed - Asmussen

VILNIUS | Thu Jul 18, 2013 12:46pm BST
(Reuters) - The European Central Bank's monetary policy will remain expansionary for as long as needed, a senior ECB policymaker said, and IMF chief Christine Lagarde noted that the bank still had room to manoeuvre if needed.

Abandoning its traditional policy of never pre-committing on future rates, the ECB said on July 4 it would keep its interest rates at present or lower levels for an "extended period" - its first use of so-called forward guidance.

The ECB's main refinancing rate stands at a record low of 0.5 percent and the deposit rate it pays banks for holding their cash at zero. The ECB has said it is "technically ready" to take the deposit rate into negative territory if it decides to.

CAD Wholesale Sales m/m 2.3% 0.4% 0.2%

USD Unemployment Claims 334K 344K 360K

Dow industrials rise to intraday record

USD Philly Fed Manufacturing Index 19.8 8.5 12.5

USD CB Leading Index m/m 0.0% 0.3% 0.2%

GLOBAL MARKETS-Shares hit records after Bernanke remarks, yen drops

Thu Jul 18, 2013 3:44pm BST

NEW YORK, July 18 (Reuters) - Stock markets around the world extended their rally on Thursday, with investors reassured that U.S. central bank stimulus measures would be unwound with care, while the yen and euro fell.

CORRECTED-GLOBAL MARKETS-Shares hit records as Bernanke speaks, yen drops

Thu Jul 18, 2013 4:08pm BST
(Corrects headline and 3rd paragraph to clarify timing and venue of Bernanke testimony)

End-of-day Market Overview