Jan 03, 2013 1:47 PM ET
European markets trimmed losses and Swiss market index played a catch up after holiday break. The benchmark index soared 2.9% in Zurich trading. Indexes across the region traded lower as resource and banks closed down.
Jan 03, 2013 2:19 PM ET
Alcatel-Lucent gained after Credit Suisse revised higher its views. K+S AG dropped after Chinese company bought fertilizer at a cheaper price from North American manufacturers. Next Plc gained on higher annual profit estimate. Swiss stocks rallied on higher luxury goods sales in Hong Kong.
Jan 02, 2013 1:42 PM ET
Market indexes on Wall Street soared after lawmakers approved smaller tax increases and spending cuts and avoided the economy from sliding into a recession. Manufacturing expanded but construction activity fell. Markets in Europe and Asia soared at least 2%.