Asian stock markets rallied Monday as better-than-expected jobs data from the U.S. and optimism at European action to boost the faltering regional economy buoyed sentiment.
Most European markets fell Monday as investors remained watchful following a disappointing last week when the European Central Bank (ECB) made no announcement on monetary easing measures to rejuvenate the faltering euro zone economy.
Asian markets rose Monday after the encouraging news from the U.S. that the economy was regaining momentum to a certain extent and that Greece was showing improvement in complying with bailout requirements.
Asian stock markets ended with gains last week as the speculation of further stimulus measures from the major central banks offered support. However, markets pared gains after policy makers in the U.S. and Europe failed to offer any new stimulus measures needed to bolster growth. Particularly, the lack of concrete new action by the European Central Bank weighed on the sentiment.
Most of the Asian markets advanced but pared the weekly gains as the U.S. Federal Reserve and the European Central Bank did not announce any stimulus measures to revive the weakening economic growth.
Spanish Prime Minister Mariano Rajoy inched closer on Friday to asking for an EU bailout for his country, but said he needed first to know what conditions would be attached and what form the rescue would take.
Linkedin Corp, Deutsche Bank AG, Facebook Inc, Banco Santander, Rosetta Genomics, Molycorp Inc, Infosys, Knight Capital Group and Silvercorp Metals Inc are among the companies whose shares are moving in pre-market trading Friday.
At a time when the U.K. is in a recession, what will the Olympics mean for the country's sagging economy? Will the event worsen the ongoing recession or help initiate economic recovery?
Asian stock markets declined Friday as sentiment was dampened after the European Central Bank (ECB) failed to offer any new stimulus measures to resolve the sovereign crisis in the euro zone.
U.S. stock index futures point to a higher opening Friday ahead of the Bureau of Labor Statistics' nonfarm payrolls report and unemployment report.
Most of the European markets moderately rose Friday after investors were disappointed with the European Central Bank not announcing any monetary easing policy measures to rejuvenate the faltering euro zone economy.
Most of the Asian markets fell Friday as investors were disappointed to find that the European Central Bank did not announce stimulus measures Thursday to boost the faltering euro zone economy.
In a press conference Thursday, European Central Bank President Mario Draghi warned "it's pointless to go short on the euro." The suggestion was lampooned. It turns out, Draghi isn't the only one with that recommendation
ECB President Mario Draghi was in policy hell Thursday after disappointing market-watchers at what was the most anticipated and important press conference of his career as a monetary policy leader.
The European Central Bank on Thursday held its benchmark interest rate steady at its record-low level in a decision that was widely anticipated.
U.S. stock index futures point to a higher opening Thursday with investors keeping a close watch on the European Central Bank meeting later in the day, which is expected to announce stimulus measures to revive the economic growth.
Asian stock markets declined Thursday as investors awaited the European Central Bank (ECB) meeting later in the day after Federal Reserve did not offer any new monetary measures overnight.
Most of the European markets rose Thursday amid hope that the European Central Bank would announce stimulus measures later in the day to boost the faltering euro zone economy.
Asian markets were mixed Thursday as investors remained watchful ahead of the European Central Bank meeting later in the day in which stimulus measures to boost the faltering euro zone economy are expected to be announced.
The Federal Reserve on Wednesday offered a gloomier view of the economy as the labor market showed no sign of improvement since its last meeting. However, despite mounting signs of a sharp slowdown in the U.S. economy, central bank officials decided to take more time to make up their mind and refrained from enacting another monetary stimulus.
Asian stock markets were mixed Wednesday as investors remained cautious ahead of the outcome of the two major central bank meetings.
U.S. stock index futures point to a higher opening Wednesday as investors were hopeful that stimulus measures will be announced in the Federal Reserve?s meeting to declare policy action.