Apr 30, 2012 4:26 PM ET
U.S. stocks eased after Spain joined the UK and entered recession for the second time since 2009 and the U.S. business activities expanded at the slowest pace in April in three years. The benchmark S&P 500 index fell 0.8%, first decline after four months of gains.
Apr 30, 2012 8:29 AM ET
Euro-zone inflation eased to 2.6% in April. The euro area M3 growth jumped to 3.2% and German retail sales rebounded in March. The Spanish economy contracted in the second quarter and the Swiss central bank swung to loss in the first quarter.
Apr 30, 2012 8:30 AM ET
The European market indexes traded directionless as many stayed away for a long weekend. Spain slipped back into a double-dip recession after the economy contracted in the first quarter. adidas raised its fiscal 2012 outlook after strong quarterly performance.
Apr 27, 2012 4:31 PM ET
U.S. markets closed higher and closed up for the second week in a row after investors focused on improved consumer confidence and better than expected earnings. Bank of Japan expanded its programs to buy stocks and real estate securities and bond yields rose in Europe but in fell in New York.
Apr 27, 2012 7:54 AM ET
The latest release of the confidence data offered another evidence of economic slowdown and Spain said unemployment soared to 24.4%, the highest in the region. Bond yields of Spain and Italy advanced for the second week in a row as the governments race to complete 60% of annual debt target.
Apr 27, 2012 7:47 AM ET
The European indexes advanced and yields for Spanish and Italian bonds rose. Ireland-based Jazz Pharmaceuticals agreed to acquire EUSA Pharma for $700 million. Earnings at BASF fell 29% but Daimler AG net rose 29% and Sanofi SA net jumped 50%.
Apr 26, 2012 4:12 PM ET
U.S. investors focused on positive earnings and the number contracts to buy homes increased. However, initial claims of weekly unemployment were flat in the last week and weak earnings from Pepsi, UPS, Dow Chemical and Aetna kept market gains in check.
Apr 26, 2012 9:04 AM ET
The euro zone confidence index declined in March after additional weakness in the service sector. Italian treasury sold €8.5 billion of short term bonds that yielded 1.77%. Sentiments in Portugal and UK improved.
Apr 26, 2012 8:53 AM ET
The European indexes struggled to advance after the euro area sentiment fell more than estimated in April. Italian borrowing costs rose in debt sale and the UK confidence improved in March. Fresenius planned to acquire Rhön-Klinikum for €3.1 billion. Deutsche Bank quarterly net plunged 33%.
Apr 25, 2012 4:18 PM ET
The U.S. indexes advanced and the Nasdaq gained more than 2%. Fed left its asset purchase program unrevised and left rates near zero. Apple Inc said it has more than $100 billion and iPad rollout has been the fastest in the history of the company.