May 31, 2012 7:33 PM ET
Wall Street delivered one of the worst monthly performances in the last three years as global markets dropped, the euro declined and oil and gold fell. S&P 500 index declined 6.3%, Indexes in Europe fell more than 6% and Nikkei slumped 10.2%. Gold eased 6% and oil dropped 17.5% in the month.
May 31, 2012 1:19 PM ET
ECB President Mario Draghi offered his sharpest and direct criticism of political leaders in the euro zone and said half-measures and delays by political leaders have made the crisis worse. He also urged to regulate large banks at the European level and set up a deposit insurance fund.
May 31, 2012 10:16 AM ET
The European indexes trimmed gains after inflation eased, German jobless rate fell and consumer confidence rose in UK. Canada-based CGI agreed to acquire Logica for £1.7 billion. Swiss Re agreed to sell its U.S. unit to Jackson National Life for $621 million.
May 30, 2012 5:26 PM ET
World markets extended losses and the euro fell to a 2-year low as investors prefer bonds of U.S., Germany, UK, Switzerland and Japan. Swiss bond yields turned negative at the latest auction and the U.S. bond yields fell to record low as Spanish yields jumped to a record since joining the euro.
May 30, 2012 10:17 AM ET
Stocks in New York fell after European markets eased and bond yields of Spain reached a new high. Pending home sales fell in April. Research in Motion plunged 10% after it estimated operating loss and hired bankers for a strategic review. Apple chief confirmed the interest in building a TV device.
May 30, 2012 8:43 AM ET
The European indexes extended losses as Spanish bond yield rose to a record high since joining the euro. Italy raised €5.73 billion as yields rise and investor participation falters. UK mortgage approvals rose more-than-estimated in April.
May 29, 2012 3:41 PM ET
Stocks in New York traded higher and the growing financial contagion spread to Spain dragging the euro to a 2-year low as investors seek the safety in currencies and increase the U.S. dollar exposure. Commodities traded volatile and gold fell.
May 29, 2012 9:29 AM ET
German import price index eased, Spanish retail sales slumped but Swiss consumption indicator rose in April. Swedish sentiment dropped in May and Norwegian jobless rate fell in March.
May 29, 2012 9:11 AM ET
The European indexes pared gains after Bank of Spain forecasted weakening economy and retail sales extended slump. Italy sold €8.5 billion of Treasury bills at higher borrowing costs. The European Financial Stability Facility disbursed €18 billion through bonds to the four largest banks in Greece.
May 28, 2012 8:53 AM ET
The European indexes edged higher after pro-bailout parties in Greece regained ground in opinion polls ahead of the June 17 election. Swedish retail sales fell in April. Italian confidence slumped in May. Deutsche Wohnen agreed to acquire BauBeCon Group for about €1.235 billion.