May 25, 2012 4:01 PM ET
U.S. stock fluctuated as world markets focused on the ongoing financial and debt crisis in Spain and the euro zone. The troubled Spanish home lender Bankia asked $19 billion in government bailout as the bank battles with high default rates.
May 25, 2012 7:43 AM ET
The European indexes extended gains for the second day and the Euro area leading index fell and Spanish producer price inflation eased in April. Delphi offered to acquire the motorized vehicles unit of FCI for €765 million. Japan Tobacco agreed to buy Gryson for €475 million.
May 24, 2012 4:02 PM ET
U.S. stocks extended losses as global economic conditions weaken. The latest economic indicators in German, euro zone and China indicated a slowdown in manufacturing and service sector and falling confidence. UK recession was deeper than previously estimated. Oil rebounded and the dollar gained.
May 24, 2012 10:37 AM ET
European markets traded higher as leaders failed to agree on a plan to revive growth in the region. German business confidence fell more than estimated in May manufacturing and services sector shrank. The UK economy contracted more than expected in the first quarter.
May 23, 2012 4:01 PM ET
World markets felt the pain of the rising probabilities of Greek exit from the euro zone as leaders in Europe gather. The widespread loss around the globe dragged indexes in the U.S. down 1.5% and in Europe between 2% and 3.6%. Oil and gold fell and yields of German and U.S. bonds dropped near lows.
May 23, 2012 8:42 AM ET
The European indexes slumped 2% as European leaders gather in Brussels to discuss Greece and possible growth measures and consumer sentiment in Italy dropped to the lowest on record. The UK retail sales fell in April. Cove Energy accepted £1.22 billion PTTEP takeover offer.
May 22, 2012 4:03 PM ET
U.S. stocks struggled to hold gains and previously occupied home sales increased 4.3% in April and median home price jumped. The broad increase in home sales lifted sentiment but caution prevailed after growth outlook in Europe was lowered. SAP AG agreed to acquire Ariba for $4.3 billion.
May 22, 2012 1:45 PM ET
The European indexes gained more than 1% and the OECD lowered euro area growth forecast and Greece is expected to extend recession in the sixth year in 2013. The UK annual consumer price inflation eased in April. Accor agreed to sell Motel 6 to Blackstone for $1.9 billion.
May 22, 2012 1:42 PM ET
Australian index gained more than 1% and the dollar traded below the U.S. dollar parity. Leighton Holdings, the global infrastructure group reiterated its annual earnings outlook between $400 million and $450 million. GrainCorp lifted its annual earnings estimate by as much as 11%.
May 21, 2012 4:01 PM ET
U.S. indexes gained after trading at a 4-month low on Friday. Political leaders in Europe ratcheted up rhetoric of supporting Greece in the euro zone and China said it will support more growth measures. Merger deals of $25 billion were announced today.