May 21, 2012 8:06 AM ET
The European indexes gained after G8 leaders reiterated their support for Greece. Euro area construction output rebounded in March and home prices in the UK rose in April. Ryanair slumped 4% on weak fiscal year outlook. Kabel Deutschland agreed to buyTele Columbus for €603 million.
May 18, 2012 4:04 PM ET
The U.S. indexes extended losses and closed lower and for the week, the S&P 500 index dropped 4.1% and the Nasdaq tumbled 5%. Facebook on the first day of trading needed underwriter support to prevent the stock falling below its offer price. World markets extend losses for the fourth week.
May 18, 2012 8:10 AM ET
The European indexes extended losses for the fourth week and politicians across the region express confidence in the euro even after Greek exit. ArcelorMittal agreed to sell its steel distribution business to Nucor for $605 million. DSM agreed to acquire Ocean Nutrition Canada for C$540 million.
May 17, 2012 4:41 PM ET
Stocks in New York trading declined and S&P 500 index extended losses for the fifth day in a row. The euro zone turmoil and the growing contagion risk in the region dragged markets on both sides of the Atlantic. Facebook is expected to price its public offering at $38 a share and raise $16 billion.
May 17, 2012 8:28 AM ET
The European indexes fell on the ongoing worries in Greece. Spain returned to recession in the first quarter. The International Monetary Fund estimates the Italian economy to contract this year. E.ON agreed to sell its gas transmission company to a consortium for about €3.2 billion.
May 16, 2012 4:27 PM ET
U.S. markets wavered and the latest Fed statement showed no appetite for another stimulus plan. European markets watched Greek developments as the ECB president urged Greek leaders to stick to austerity plans and asked Greek banks to recapitalize. The euro slid and oil and precious metals weakened.
May 15, 2012 10:20 AM ET
The European indexes rebounded after the German economy expanded more than estimated in the first quarter. Rating agency downgraded 26 Italian banks. Greece sold €1.3 billion of three-month T-bills at higher borrowing costs.
May 14, 2012 10:15 AM ET
The European indexes slumped as Greece leaders fail to form a new government and new elections are likely in four weeks. Italy raised €5.25 billion and Spain sold €2.9 billion of debt in auctions today. Euro area output fell unexpectedly in March.
May 11, 2012 10:07 AM ET
German and Spanish inflation rose but Swedish jobless rate remained unchanged in April. French manufacturing industry estimated investment growth at 6% this year.
May 11, 2012 10:05 AM ET
The European indexes edged lower after the European Commission said Spain’s budget deficit will stay above 6% this and next year. The euro area economy is forecast to shrink 0.3% this year. Credit Agricole and Telefonica quarterly net plunged.