美聯準

Bernanke testimony disappoints investors

The dollar gained ground but global equities lacked a clear direction after Ben Bernanke disappointed some investors by failing to provide signs of imminent measures to boost US growth.

The chairman of the Federal Reserve delivered his twice-yearly report on the US economy and monetary policy before Congress yesterday. The testimony will continue today.

Investors had hoped for further indications of monetary easing after data on Monday showed a contraction in US retail sales in June.

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