Dec 12, 2011 11:32 AM ET
European markets scaled back after investors focused on the immediate euro zone crisis. The decline in indexes was also accelerated after a ratings agency said it will review the ratings of the European Union nations. ThyssenKrupp agreed to sell its super yacht business.
Dec 12, 2011 9:58 AM ET
Stocks in Japan rebounded after falling for the last two trading sessions. The Nikkei index gained on the rising resources and exports sensitive stocks. Olympus jumped 8% as the company confirmed its plan to file revised financials by Wednesday.
Dec 12, 2011 8:50 AM ET
Australian stocks gained following a rally in resource and banking sectors. The benchmark index added more than 1% after European leaders pledged to meet tighter fiscal and financial guidelines.
Dec 09, 2011 4:24 PM ET
U.S. stocks rebounded and indexes jumped more than 1.6% and energy and metals advanced. Consumer sentiment improved and rally broadened in the late afternoon on positive earnings and on the third deal of more than $1 billion in as many weeks. Asian markets are set to open higher.
Dec 09, 2011 2:02 PM ET
Banks rebounded on the hopes that the European Central Bank will expand its bond buying program. Blue Coat Systems soared 44% after agreed to go private for $1.3 billion. Cooper Companies jumped 18% after it offered positive outlook for the year.
Dec 09, 2011 1:33 PM ET
Market indexes in New York rebounded after an agreement among the euro zone leaders and a rise in consumer sentiment. The positive sentiment lifted stocks of banks and industrials and the dollar held firm. Pall Corp soared on earnings and Blue Coat Systems agreed to go private for $1.3 billion.
Dec 09, 2011 4:29 PM ET
European markets closed higher in a cautious trading after European leaders said they agreed on tougher debt and fiscal measures to avoid the repeat of debt crisis. The agreement was welcomed by the European Central Bank but no concrete steps were announced. Daimler AG gained and K+S declined.
Dec 09, 2011 10:28 AM ET
European leaders agreed to a fiscal pact that will limit government spending and budget deficits to targets that are set and monitored by a central authority in the region with the enforcement powers. UK opposed the treaty changes but the euro zone nations and six other members agreed.
Dec 09, 2011 9:33 AM ET
Markets in Tokyo and in Asia closed lower and trading volume surged on the settlements of derivatives contracts. The Cabinet Office lowered the fiscal second quarter annualized economic growth to 5.6% from 6%. Exporters fell on the ongoing euro zone worries.
Dec 09, 2011 8:05 AM ET
Australian stocks closed sharply lower after European leaders haggled to implement fiscal compact and treaty changes. The decline in inflation in China also dragged market indexes to a low for the month. For the week the benchmark ASX 200 index dropped 2%.