Beige Book: Modest growth in the U.S. economy

With improved figures for the housing market and car sales and not least the labor market it is a U.S. economy that is showing 'modest growth'.

That is according to the trend report Beige Book, published Wednesday evening. It presents 12 districts - regional branches of the Federal Reserve - their assessment of how the economy in their field are doing, collected by the central bank, Fed.

Bonds: Interest rate increase after job report

Bond yields in Northern Europe was Friday sent up by surprisingly good U.S. job figures, which were as expected in September but contained upward revisions of the previous two months' figures. It sent investors to back the tables to turn up the knob that controls the "risk-on". This gave rise in stock markets, rising interest rates in the safe countries and declining yields in riskier countries from southern Europe.

Weak U.S. economy may force Bernanke to take action

A majority of analysts expect the Fed at its meeting Thursday will announce support acquisitions to boost the U.S. economy.

The continued weakness in the U.S. data is likely to force the Federal Reserve to initiate another round of bond purchases with the aim of forcing borrowing costs down and boost the U.S. economy.

Currency: Euro pushed up by poor job report

The past week has been in the common European currency's favor, and Friday the enthusiasm for the euro had no end.

For not only did the European Central Bank Thursday put heavy lines in the currency as one of the three major global currency units. The central bank also launched a European version of the American "operation twist" with the purchase of short-term bonds from the debt-ridden southern European countries.