Jul 13, 2012 8:46 AM ET
The European indexes gained after China reported GDP that met expectations. Italy sold €5.25 billion of debt today at lower borrowing costs despite a credit rating downgrade. Pernod Ricard agreed to sell certain brands and assets for €103 million.
Jul 12, 2012 4:00 PM ET
U.S. indexes struggled as investors feared that worldwide economic slowdown may dampen earnings of domestic companies. Infosys lowered its sales outlook. Grocery retailers dropped after SuperValu cut its dividend and plans to lower prices. Mortgage rates drop to a new low.
Jul 12, 2012 8:37 AM ET
The European indexes declined after latest statement from the ECB highlighted downside risks and the European industrial production rebounded unexpectedly. Italy sold €7.5 billion of debt at lower yields. Peugeot estimated loss in the first-half. Greek jobless rate rose to a record in April.
Jul 12, 2012 8:27 AM ET
Greek jobless rate rose to a record high in April. German wholesale price inflation eased but French annual inflation remained unchanged in June. Industrial production in the euro area improved and Dutch exports soared in May.
Jul 11, 2012 4:01 PM ET
U.S. indexes accelerated the decline after the prospect of another stimulus faded. The latest minutes of Fed meeting showed that more action may be needed to lower unemployment rate but also noted most of the jobless rate is driven by structural factors.
Jul 11, 2012 10:05 AM ET
French current account deficit narrowed and Spanish leading indicator index fell in May. Inflation in Germany eased but in Hungary rose in June and the Czech unemployment rate dropped in June.
Jul 11, 2012 10:11 AM ET
The European indexes traded mixed and Spain announced new €65 billion in austerity measures and Germany raised €4.15 billion from debt sale at record low yields. Gerresheimer soared 5.1% after quarterly net rose.
Jul 10, 2012 4:06 PM ET
Stocks in New York turned lower after tech companies issued cautious outlook. AMD reported lower chip sales and Applied Materials lowered annual outlook. European leaders took steps to expedite the rescue of Spanish banks but bond yields failed to materially weaken.
Jul 10, 2012 8:49 AM ET
French, Swedish and the Netherlands output fell in May. Norwegian inflation remained stable but Romanian consumer price index increased in June.
Jul 10, 2012 8:47 AM ET
The euro area finance ministers approved the releasing of €30 billion aid to Spain and the bond yield fell only a fraction from near 7%. Intel said it plans to invest €3.3 billion for a 15% stake in ASML.