May 31, 2011 4:11 PM ET
U.S. stocks closed higher on positive sentiment in Europe. Latest economic data suggest weak housing market and uneven economic recovery. Europe and Greece make a progress in finalizing bailout terms. Nokia plunged on earnings and sales warnings. Manufacturing outlook improves in Japan.
May 31, 2011 3:25 PM ET
European markets traded higher after investors turned positive on Greek developments. The IMF and the EU regulators are expected to reach a deal with Greek government to push through austerity measures and privatization plan. Banks in Germany and France advanced.
May 30, 2011 12:30 PM ET
European markets overlooked the ongoing Greek debt worries and focused on valuations and earnings. Italy completed the sale of 8.3 billion euros and Spain is set sell bonds on June 2. Greece confirmed its plan to complete austerity measures despite the opposition from other ruling parties.
May 27, 2011 4:57 PM ET
U.S. stocks advanced and world markets edged higher for the second week in a row. The dollar declined against the euro by 0.7% in the week and crude oil, copper and gold gained. G-8 leaders indicated global economic recovery is broadening and said nations will work to lower debt burden.
May 27, 2011 9:59 AM ET
European indexes edged higher as commodities prices rose and an upgrade of the European banking sector. Euro-zone economic sentiment weakened in May and M3 money supply growth slowed in April. Boston-based Thomas H. Lee Partners acquired Sword Insurance.
May 27, 2011 9:18 AM ET
Euro-zone economic sentiment deteriorates in May and M3 money supply growth slowed in April. Spain retail sales declined and Denmark jobless rate fell in April. Swedish GDP expanded slowly in the first quarter. Greek PPI eased in April.
May 26, 2011 4:14 PM ET
U.S. stocks closed higher and regained losses of the day. The second day advance after a three-day sell-off was bolstered by a weaker euro and higher commodities prices. Greece was again in focus in Europe after the IMF demanded collateral for additional sovereign debt.
May 26, 2011 9:08 AM ET
European markets traded flat as commodities increased and crude oil hovered near $100 price. Talks of Greek default dominated trading sentiment. European automakers declined. Austria based Reiffeisen Bank reported a slight increase in quarterly earnings.
May 25, 2011 5:18 PM ET
U.S. stocks gained after falling for three days in a row as commodities and crude oil advanced. U.S. home prices decline. Spirit Airlines Inc cuts its public offering terms and size. In Europe, Greece’s opposition party rejected the European regulators plan for privatization plan.
May 25, 2011 10:28 AM ET
European markets traded lower on the ongoing worries related to Greece Italy and Ireland. Greek opposition party leader rejected privatization plan. Banks and mining companies rebounded on bargain hunting. Automakers in Germany closed higher.