Japan's Nikkei share average climbed to a one-week high on Friday, rising above the key threshold of its 25-moving average after smooth European debt auctions prompted buying of exporters, while the market remained on edge ahead of U.S. corporate earnings.
Enraged Chinese shoppers pelted Apple Inc's flagship Beijing store with eggs and shoving matches with police broke out when customers were told the store would not begin sales of the popular iPhone 4S as scheduled.
Asian shares rose to a one-month high and the euro clung near its strongest in a week Friday as strong demand in Spanish and Italian debt sales tempered risk aversion ahead of another auction from Rome later in the day.
The S&P 500 closed at a five-month high for the third day on Thursday but had difficulty extending gains in the face of lackluster economic data and another European bond market test.
Europe's markets closed mixed on Thursday after a profit warning from retail heavyweight Tesco and weak U.S. retail and labor data more than offset relief from successful Spanish and Italian debt auctions.
Strong bond auctions in Europe set up Wall Street stocks for a slightly higher open on Thursday, though weaker-than-expected U.S. data could cap gains.
Retail sales rose at the weakest pace in seven months in December as consumers pulled back late in the holiday shopping season, cutting purchases at department stores and spending less on electronic gadgets.
Stock index futures rose on Thursday after well-received European sovereign debt auctions encouraged investors ahead of job market and retail sales data expected to show the economy is steadily recovering.
Stock index futures rose on Thursday after well-received European sovereign debt auctions encouraged investors ahead of job market and retail sales data expected to show the U.S. economy is steadily recovering.
Counting container ships plying the high seas and air cargo takeoffs is one way to track the outlook for the global economy. Both measures point to weak growth in the months ahead but no severe storms.
The Eurozone's economy deepened its downturn at the end of 2011 as retail sales fell and sentiment soured, but the first improvement in the business climate in 10 months offered hope that an expected recession may be mild.
Retailers posted strong sales numbers in December, but at-times extreme discounts tapered good feelings, profits and earnings outlooks for the full year.
The New York-based retailer said it expects 2012 consolidated sales between $7.0 billion and $7.2 billion. The company expects full year losses to total $1.10 and $1.40 per share.
The first batch of December sales results suggests that people were willing and able to shop if U.S. retailers made it worth the effort with discounts.
U.S. online sales for the 2011 holiday season rose 15 percent to hit an all-time high, according to data firm comScore.
Couture designer Paul Smith has reported an increase in pre-tax profits of 31 percent despite the economic downturn. As per the accounts filed in the Company House, the pre-tax profits rose from £20.9 million a year previously to a current £27.4 million.
European stocks crept higher on Tuesday, catching the tailwind of a pre-holiday U.S. rally, while the euro was hamstrung by the prospect of a large Italian debt auction later in the week.
Jefferies said its several checks suggest that online sales rose a solid 15 percent year-over-year in the Nov. 1 to Dec. 18 holiday season period, an acceleration from the pace of growth in the first nine months of the year.
The Federal Reserve on Tuesday pointed to turmoil in Europe as a big risk to the U.S. economy, leaving the door open to a further easing of monetary policy even as it noted some improvement in the U.S. labor market.
The Federal Reserve on Tuesday pointed to turmoil Europe as a big risk to the economy, leaving the door open to a further easing of monetary policy even as it noted some improvement in the labor market.
The Federal Reserve on Tuesday left monetary policy on hold but said financial market turbulence posed threats to economic growth, leaving the door open to further easing next year.
Futures pointed to a slight rebound on Wall Street on Tuesday, with futures for the S&P 500 up 0.46 percent, Dow Jones futures up 0.41 percent and Nasdaq 100 futures up 0.34 percent at 5:28 a.m. ET.