Jul 26, 2012 4:00 PM ET
Latest batch of earnings from U.S., Europe and Asia lifted markets sentiment in nine largest markets around the world. Indexes in Europe and New York also advanced after ECB president reiterated his comments to preserve the euro. Commodities gained.
Jul 26, 2012 9:39 AM ET
Banco Santander quarterly net plunged 93% and PUMA earnings fell 29%. BASF confirmed its outlook for growth in fiscal 2012. Unilever first-half revenues increased 11.5%.
Jul 26, 2012 9:34 AM ET
The European indexes fell on the speculation that Greece may not meet its deficit target. Moody''s changed outlook on 17 German banking groups to negative. Italy sold €2.5 billion of zero-coupon bonds at higher yields. Alcatel-Lucent planned to cut 5,000 jobs.
Jul 25, 2012 2:32 AM ET
U.S. stocks turned negative in a choppy session. Technology stocks were weak after a decline in Apple and Netflix. New home sales dropped at 8.4% annual rate in June. Outlook in Europe darkened after UK reported deeper than expected economic decline.
Jul 25, 2012 10:09 AM ET
The European indexes traded higher and German business confidence fell more than estimated in July. The UK economy contracted in the second quarter. Cheung Kong led consortium agreed to buy MGN Gas Networks for $1 billion.
Jul 24, 2012 4:04 PM ET
Global markets extended losses for the third day in a row and the U.S. indexes accelerated declines. The euro fell to a new two-year low. Metals and energy prices also fell. Apple Inc and Samsung Electronics filed patent infringement suits in California.
Jul 24, 2012 8:34 AM ET
The European indexes traded sideways in thin trading and debt pressures intensified in the region. Spain raised €3.05 billion at borrowing costs. Moody’s offered negative views on Germany, the Netherlands and Luxembourg.
Jul 24, 2012 9:58 AM ET
The telecom operator KPN said quarterly net declined 24%. Norsk Hydro, the aluminum maker said second quarter revenues fell 13% and swung to a net loss. SAP AG said second quarter sales rose 18% and net increased 12% and Software AG said revenues barely budged 1%.
Jul 24, 2012 7:59 AM ET
The euro-zone private sector economy contracted and French business confidence fell in July. Hungarian retail sales declined in May. Spanish producer price inflation eased in June.
Jul 23, 2012 4:16 PM ET
Global markets plunged on the growing speculation that Spain may be forced to ask a larger bailout ans the crisis deepens. U.S. indexes closed down 1% and recovered from the earlier losses of 2% and European markets plunged between 3% and 5%. Pete’s Coffee agreed to a $1 billion offer.