Things are not looking much sunnier across the pond. Eurostat, the European Union’s statistic division, revealed that consumer prices have fallen for the second straight month. Prices declined by 0.6% and was much higher than expected. The drop in prices has been driven by the surge in unemployment that the EU nations have witnessed.
All three major U.S. indexes were up this morning, with the Dow Jones Industrial Average adding 0.3%, the S&P 500 0.2% and the Nasdaq 0.4%.
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Kevin Grewal contributed to this article.