Jan 24, 2013 3:42 PM ET
Stocks in New York struggled to gain after reaching a new 5-year intra-day high. Jobless claims declined to a five year low. Tech stocks were in focus after Apple Inc reported flat earnings and a sharp slowdown in growth. Japan swung to trade deficit and business activities level in Germany improves.
Jan 24, 2013 12:42 PM ET
European markets advanced to multi-year highs after German business confidence rebounded and a private survey showed that the decline in activities in the euro zone decelerated. Nokia suspended its dividend after 20 years. Logitech plunged 10% after declaring a loss.
Jan 23, 2013 4:01 PM ET
Financial markets extended multi-year highs after lawmakers in the House passed the temporary debt ceiling. The move will keep the government functioning and provide time till mid-May to work on longer term solutions. Tech stocks gained after earnings.
Jan 23, 2013 2:27 PM ET
BHP Billiton gained after it reported gains in petroleum products and iron ore production and reaffirmed 2013 outlook. Unilever increased 3% after sales and earnings rose more than expected. Novartis advanced on better than expected sales outlook for 2013.
Jan 23, 2013 2:23 PM ET
European markets closed mixed after the latest batch of earnings from Unilever and Novartis. Resource stocks were higher after BHP Billiton reported higher production in the latest quarter. Banks were under pressure on profit taking after 10% surge in the year.
Jan 22, 2013 4:02 PM ET
Market indexes in New York extend recent multi-year high gains and home sales surged 9.2% in 2012. Delta Air, Verizon, Johnson & Johnson and Caterpillar reported mixed earnings. European markets eased and banks were under pressure. Bank of Japan lifted its inflation target to 2%.
Jan 22, 2013 1:30 PM ET
European markets closed lower as the earnings season get in the full swing this week. Vivendi declined on the difficult business conditions at its telecom unit. Deutsche Bank was asked to simulate profit after a breakup of banking from securities business by the German regulator.
Jan 21, 2013 11:34 AM ET
European markets gained and the earnings growth expectations are low in the region ahead of the scheduled release. Producer prices rose 2.2% in third quarter in Switzerland but declined 0.3% in December in Germany. Spain is set to release jobs data this week.
Jan 21, 2013 11:29 AM ET
Banks in Madrid were in focus after the Bank of Spain reported weak loan conditions and 17% monthly payments in loans were in arrears. Novozymes reported rising sales and earnings. Richemont said sales in Asia Pacific ground to a halt. Sky Deutschland plans to sell 20.4 million shares.
Jan 18, 2013 2:46 PM ET
Markets in New York and Europe traded sideways and in Asia jumped. The latest batch of mixed earnings report failed to lift sentiment and lawmakers struggled to patch differences on debt ceiling negotiation. China rebounded after a two-year slowdown.