Feb 29, 2012 4:01 PM ET
World markets focused on the second instalment of cheap loans from the European Central Bank allowing politicians to find ways to stimulate growth. Asian markets gained after Japan and South Korea reported manufacturing advances and growth in India faltered. Gold and silver dropped more than 4%.
Feb 29, 2012 12:22 PM ET
U.S. stocks got lift after the estimate of economic growth in the fourth quarter was revised higher. Fed Chairman Bernanke said job market is far from normal despite the recent drop in unemployment rate and said pace of economic recovery is modest and uneven.
Feb 29, 2012 10:21 AM ET
European Central Bank second liquidity operation attracted €530 billion loan demand from 800 banks increasing the total liquidity in the financial system by more than €1 trillion. Stocks traded higher and the euro edged lower. Yields on Italian and German bonds edged lower.
Feb 29, 2012 9:02 AM ET
Stocks in Tokyo lost most of the gains of the session and industrial production surged to the highest level in January since last March. Manufacturers expect output to continue to rise for the next two months. Elpida plunged 97%.
Feb 29, 2012 8:23 AM ET
Australian stocks lost steam in late trading after retail sales in January increased 0.3% and personal credit growth was weak and construction spending fell in the last quarter. WorleyParsons and Harvey Norman reported weaker than expected results.
Feb 28, 2012 4:01 PM ET
Tech stocks advanced and commodities gained as U.S. indexes gained a fraction. European markets were cautious as banks prepare to participate in the second extended loan program. Japan based Elpida Memory filed bankruptcy protection and the dollar edged lower against the euro.
Feb 28, 2012 11:50 AM ET
U.S. stocks traded sideways after durable goods orders fell in January at the sharpest pace in three years on weaker than expected demands for aircrafts and business equipment. Consumer confidence increased in February. Priceline.com soared on quarterly results. Cooper Tire settled a 3-month strike.
Feb 28, 2012 10:34 AM ET
AutoZone second quarter net increased 13% to $166.9 million. Bank of Montreal first quarter net soared 34% to $1.10 billion. Ecolab fourth quarter net declined 32% to $88.7 million. Sempra Energy fourth quarter net increased to $292 million.
Feb 28, 2012 10:15 AM ET
European markets closed mixed and Greece kicked off its debt swap program with private holders. Portugal said it passed third check from troika and is not looking for more debt or more time to pay the current debt. Italian debt yields dropped to a 9-mnth low.
Feb 28, 2012 9:03 AM ET
Stocks in Tokyo trading closed higher reversing earlier losses in the day after the largest PC chipmaker Elpida Memory Inc filed for a bankruptcy protection with $5.6 billion in debt. Shipping companies declined for the second day in a row.