European shares rose Monday as investors rushed to buy after recent volatility and selloffs, while Asian markets were mixed and U.S market was closed for a public holiday.
Shares in UK banks rose on Monday on hopes of higher dividends and after the British government decided to nationalize stricken mortgage lender Northern Rock.
European shares rose on Monday as gains in British banks and oil stocks helped investors recover some of the sharp losses suffered in the last session.
Asian stocks, which have been jittery this year at any ill omen from the U.S. market, are likely to take note on Monday of Wall Street's latest fall, while investors continue to keep an eye out for bargains.
Treasuries rose on Friday after a report on plummeting U.S. consumer sentiment and drops in New York manufacturing increased concerns about a U.S. recession.
U.S. stocks dropped for the first time this week on Thursday, after Federal Reserve Chairman Ben Bernanke forecasted sluggish economic growth in 2008. The Dow Jones Industrial Average fell 175.3 points, or 1.4 percent, to end at 12,377, with all but one of its 30 components ending in the red.
Stock index futures were little changed on Wednesday, with investors cautious before retail sales data, which will be scrutinized for clues on the health of the consumer.
Copper futures fell in New York as inventories had a steep drop. Earlier copper had reached its highest price in three months on $3.5585 a pound.
Treasuries rose on Monday as investors sought safer investments after another sign of trouble in U.S. financial markets.
U.S. stocks rose on Monday after American International Group Inc. said it overstated the value of some financial assets boosting fresh concerns over the financial sector.
U.S. stocks ended mixed on Friday with the Dow Jones ending its worst week in almost five years as ongoing credit market woes dragged down the financial sector increasing anxiety over the broader economy. The Nasdaq, despite being down for the week, rose as investors snatched up the biggest names in technology which have recently been left affected. Meanwhile, the Dow Jones industrial average, which rose in earlier trading, fell more than 60 points.
Treasuries staged a comeback as safe-haven vehicles on Friday as greater risks of a U.S. recession raised the chance of a U.S. recession.
Stocks were slightly lower Thursday in mid-day trading after a volatile morning as investors worried over a lower outlook at networking equipment maker Cisco systems and a new report showed a further drop in home sales.
U.S. stocks retreated after the markets single-plunge in nearly a year on Wednesday after Philadelphia Federal Reserve President Charles Plosser said he was against overly aggressive rate cuts.
U.S. stocks tumbled the most in almost a year on Tuesday after service industries contracted at the fastest pace since 2001, adding to mounting concern the economy is already in a recession.
Long-term treasuries fell on Monday as investors shifted investment to riskier investments amid a flood of new notes this week and a reassessment of the U.S. economy.
U.S. stocks finished lower on Monday following last week's big rally, as investors trimmed positions caused by troubled financial sectors which suffered from several broker downgrades.
U.S. stocks markets closed out the week on an up note on Friday, ending Wall Street's best performing week in nearly five years, after Microsoft Corp's $44.6 billion bid for Yahoo Inc pushing technology stocks ahead of other sectors.
Treasuries rose on Thursday as investors looked to safer investments as reports released today showed signs of a weakening economy, boosting the chance that the Fed will lower borrowing costs.
Asian markets were mixed during a volatile session Thursday, with indexes in Tokyo, Hong Kong, Shanghai and Sydney wavering between gains and losses as investors assessed the Federal Reserve's half-point reduction in a key interest rate overnight and the health of the U.S. economy.
Corn on Wednesday fell due to a decline in global demand of the grain for food, fuel and animal feed following speculations that the interest rate cut by the U.S. Federal Reserve might not stop the economy from going into a recession.
U.S. stocks plunged on Wednesday after earlier rallies in response to the Federal Reserves highly anticipated half-point rate cut and on speculation that bond insurers Ambac Financial and MBIA Inc. faced downgrades.
U.S stocks advanced Tuesday as the Federal Reserve as investors anticipate another interest-rate cut on Wednesday by the Federal Open Market Committee.
Treasury notes fell on Monday after a report of lower U.S. home sales and a rise in stocks.
U.S. stocks rose on Monday as traders predict the Federal Reserve will further cut its benchmark lending rate by 0.5 percent later this week, which is set to boost the economy. Stocks fell across Europe and Asia, led by a 7.2 percent drop in China's benchmark index and leading US stocks to open in the red. The Standard & Poor's 500 index recovered from earlier losses which were caused by slower sales growth at McDonald's Corp. and a dip in new homes sales.
European and Asian stock markets fell on Monday as worries continue about a possible U.S. recession that could affect other leading markets. Asia's losses were led by China's Shanghai composite Index which plummeted to close down more than 7 percent, while the U.K.'s FTSE 100 was off 2 percent in early afternoon trading. U.S. stocks were set to open lower.
U.S. Stocks moved towards a higher opening on Friday, buoyed by strong earnings from Microsoft and a quick decision to implement a U.S. economic stimulus package boosted investors confidence. Following the biggest global stocks rally in two and a half years on Thursday, U.S. stocks are set to make their first string of three consecutive days of gains since December, and first weekly rise in five weeks.
Treasuries fell on Thursday as speculation rose that economy may improve following positive economic figures and a government announcement of a U.S. tax rebate package to drive investment and consumer spending.
U.S. stocks rose on Thursday in their biggest two-day rally since November after government leaders agreed on a plan to pay tax rebates to stimulate the U.S. economy and after shares of cell- phone chip maker Qualcomm and Xerox Corp surged, pushing up the Nasdaq.
The Bank of England has released the minutes of the monthly meeting of the rate setting Monetary Policy Committee (MPC), showing the committee voted to keep interest rates constant in January by 8 to 1.
