Jun 25, 2012 7:25 AM ET
European markets were on the edge on the first day of trading as the leaders in the region prepare to gather to finalize the region wide banking integration. Spain requested formally for a bank aid and the prospect of a larger bailout loomed.
Jun 22, 2012 4:00 PM ET
U.S. indexes rebounded as leaders of Germany, France, Italy and Spain pledged stimulus package of as much as €130 billion and the European Central Bank said it will accept wider collateral to facilitate more lending in struggling nations. Oil and copper gained.
Jun 22, 2012 8:35 AM ET
German business confidence fell more than estimated and the euro area consumer confidence declined in June. Retail sales in Denmark improved in May. Consumer spending in the Netherlands declined in April.
Jun 22, 2012 8:32 AM ET
The European indexes slumped after German business confidence fell to a two-year low in June. Fifteen large U.S. banks were downgraded by a rating agency that many analysts viewed an action four years too late.
Jun 21, 2012 4:04 PM ET
U.S. indexes extended worldwide sell off after a string of weak economic data from the U.S., euro zone and China. Crude oil, copper and gold dropped more than 3%. Stress test in Spain showed banks may need as much as $78 billion.
Jun 21, 2012 8:16 AM ET
European markets sharpened focus on Spain as the country battles worsening fiscal conditions. Spain raised €2.2 billion and France sold €8.43 billion of debt in an auction today at diverging borrowing costs. Manufacturing sector activity was mixed in the euro area.
Jun 21, 2012 8:03 AM ET
The euro area current account surplus fell in April. German and euro area manufacturing activity contracted but French manufacturing sector rose in June. Swiss watch exports rose but money supply growth eased in May.
Jun 20, 2012 4:00 PM ET
U.S. markets reversed the course after Fed extended its program to switch to long term bonds till the end of the year. The U.S. Treasury yields declined and indexes briefly traded in the positive before settling back to flat line. Gold and copper fell more than 1% and oil declined 2.6%.
Jun 20, 2012 7:45 AM ET
German producer price inflation slowed more than estimated in May. Economic confidence in Sweden and Danish consumer confidence fell in June. Italian current account deficit narrowed in April.
Jun 20, 2012 7:43 AM ET
European markets cautiously traded higher on the optimism that banking industry integration will break the debt spiral in the highly indebted nations in the region. German producer price inflation eased more than estimated in May.