LONDON World stocks rose on Thursday and the dollar held steady as cautious investors awaited new growth and inflation forecasts from the European Central Bank later in the day and U.S.
The U.S. Federal Reserve will need to raise interest rates soon if the dollar is to push much higher, according to a Reuters poll of foreign exchange strategists.
AOL, recently acquired by Verizon Communications Inc., VZ 1.00 % has agreed to buy Millennial Media Inc. MM 1.52 % for about $250 million, a move to grow its app monetization services.
Campbell Soup Co. CPB 1.92 % on Thursday offered earnings guidance for its newly started fiscal year that mostly exceeded Wall Street expectations, though profit and revenue for its latest quarter met consensus views.
The U.S. trade deficit fell in July to the lowest level in five months as exports posted a small gain while imports declined, reflecting a big drop in shipments of consumer goods such as cell phones.