Apr 29, 2009 3:58 PM ET
European stocks closed higher lifted by a rise in banks and cyclical companies. Siemens earnings lifted German stocks and BNP Paribas and Michelin supported a rise in Paris benchmark index. SAP fell after it reported a drop in earnings. ArcelorMittal led decliners in Paris.
Apr 28, 2009 3:56 PM ET
Stocks in Germany and France declined after markets worried on the impact of deepening spread of flu virus in Europe and North America. Daimler reported second quarterly loss in a row. Weak outlook at Air Liquid dragged French markets lower. Arcandor, TUI and Euro Disney drop.
Apr 28, 2009 11:34 AM ET
U.S. stocks edged higher as consumer confidence rises and worries related to adequacy of banks kept stocks in the sector lower. World Health Organization raised its swine flu alert to the highest level since 2005. U.S. Steel dropped. China based Baidu earnings rose 23%.
Apr 27, 2009 4:28 PM ET
With the first case of swine flu in Spain, investors were cautious. Airlines and hotels declined but pharmaceutical companies gained in trading. Merck KGaA, the drug and chemical maker in Germany first quarter net income plunged to 56.7 million euros. Sperian Protection in Pairs surged 23%.
Apr 27, 2009 12:12 PM ET
World markets remained focused on the swine flu outbreak in Mexico and the possible pandemic outbreak. Cases of flu have been reported in the U.S., Canada, Spain and New Zealand. Tour operators and air and cruise transportation companies decline and select drug makers rise. Mexico drops 3.5%.
Apr 24, 2009 3:56 PM ET
European stocks regained new momentum after banks and auto stocks closed higher. Earnings from American Express and less than expected loss at Ford lifted stocks in the sector. Energy and mining stocks closed higher in London and auto and banks led the gainers in Paris and Frankfurt markets.
Apr 23, 2009 5:25 PM ET
Earnings from eBay, Apple and Marriott lift stocks in the afternoon trading in New York. Toyota reported sales decline for the full year. UK government bonds and pound are likely to face headwind with the issuance of more debt guarantees.
Apr 23, 2009 8:22 AM ET
Credit Suisse returned to profitability on a rise in income. Tier 1 capital ratio increased as the bank lowered its risk profile. The bank benefitted from the net new asset flows in asset management. The investment bank reported net income of $1.9 billion and tier 1 capital ratio of 14.1%.
Apr 17, 2009 5:02 PM ET
Banks rallied on the hopes that adjusted earnings are better than GAAP earnings and Citigroup reported its first quarterly earnings in six quarters. Gazprom, Russian gas giant raised $2.5 billion in international bond offering, first from Russia in nine months. Carrefour quarterly sales declined.
Apr 14, 2009 4:04 PM ET
UK stocks dropped as much as 1.1% and pound strengthened on a steady fall in interbank loans. Mining companies rose after copper prices increased. Poland the second nation after Mexico is seeking IMF assistance to support its currency.