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 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 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 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 27, 2012 8:45 PM ET
U.S. indexes traded higher after pending home sales index jumped more than expected and offered another evidence of slow and steady economic recovery. European markets awaited the second instalment of 3-year loans from the ECB this week. Germany approved second Greek bailout.
Feb 27, 2012 8:20 AM ET
Euro area leading economic index, money supply growth and French producer prices rose in January. Italian confidence declined for the third straight month in February.
Feb 27, 2012 7:39 AM ET
The G20 nations demanded Europe to increase the size of its bailout fund. Italy raised €12.25 billion and Germany raised €2.545 billion in a bond auction today. Ahold agreed to buy bol.com for €350 million. SCA offered to acquire Taiwan-based Everbeauty for $290 million.
Feb 26, 2012 10:16 AM ET
U.S. stocks advanced in the week after investors focused on domestic earnings and worries in the euro zone subsided for now. U.S. new home sales in January fell 0.9% and 2011 sales were the fewest since record keeping began five decades ago.
Feb 24, 2012 7:36 AM ET
The German economy contracted in the fourth quarter. Eurocoin indicator rose and French consumer confidence improved in February. Spanish producer price inflation eased in January.
Feb 24, 2012 7:05 AM ET
The European indexes gained on strong earnings. The Greek parliament approved the debt swap deal with its private creditors. Italy sold €3 billion of zero-coupon bonds at lower yields. BASF quarterly sales and net rose.