Papandreou canceled referendum, EBRD cut interest rates, stocks up

2011-11-04 16:51:55

Stocks up Thursday, November 3rd as Greek government re-thought its plan on a referendum and European Bank of Reconstruction and
Development cut interest rates in order to make loans more available during instability in the Eurozone. Reports on the U.S. economy also lifted
stocks. The number of people who applied for unemployment benefits last week dipped to the lowest level in five weeks. The number of applications
fell below 400,000 for only the third time since April. That's a sign layoffs are easing. Companies also made more orders to U.S. factories in