Global Markets

Giving thanks for big stock gains


NEW YORK - U.S. stock investors head into the Thanksgiving holiday thankful for the market's recent strength, which puts major indexes on track for another year of double-digit gains, though the swiftness of the advance has raised eyebrows.

China's ICBC to set up offshore yuan center in Los Angeles

BEIJING - China's Industrial and Commercial Bank (ICBC) signed a pact with the Los Angeles city government to promote cross-border yuan trade and set up an offshore renminbi center in California, the bank said on Saturday.

22 Nov 2014

China rate cut, European stimulus hints lift markets

NEW YORK - World stock markets and oil prices rallied on Friday, fueled by hopes for global growth after China rolled out a surprise interest rate cut and the European Central Bank indicated it would step up asset purchases to boost the euro zone economy.

21 Nov 2014

Wall St. ends at records on central bank action

NEW YORK - U.S. stocks closed higher on Friday, with major indexes notching a fifth straight weekly advance after China's central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region's economy.

21 Nov 2014

Euro drops as Draghi raises stimulus hopes

NEW YORK - The euro fell sharply on Friday after European Central Bank chief Mario Draghi said inflation expectations were declining to levels that were very low, keeping the door open for further monetary easing soon.

21 Nov 2014

GameStop attracts bearish options bets after weak results hit shares

NEW YORK - GameStop Corp's shares fell 13 percent on Friday, a day after the company posted disappointing quarterly results, and its options attracted bearish bets as traders appeared to be preparing for a further slide in the share price over coming months.

21 Nov 2014
World Markets

Bouygues rallies as European shares edge up; focus on ECB speeches

LONDON, Nov 21 - Euro zone indexes were set for their first weekly gain this month as they rose early on Friday, with traders awaiting speeches from European Central Bank policymakers for clues as to whether more stimulus may be under way.

US STOCKS-Wall St ends at records on central bank action

* Wall St rallies in broad advance, indexes up 5th straight week

Nikkei edges up as PM clears way for election, but posts first weekly drop in 5 weeks

TOKYO, Nov 21 - Japanese stocks edged up on Friday after Prime Minister Shinzo Abe dissolved parliament's lower house in preparation for an election in which he will seek a fresh mandate for his struggling economic revival strategy. The Nikkei average recouped early losses to end 0.3 percent higher at 17,357.51 points. For the week, it fell 0.8 percent, the first weekly drop in five weeks. The broader Topix gained 0.2 percent to 1,400.18, while the JPX-Nikkei Index 400 rose

Hong Kong shares rebound as casinos gain, but shed over 2 pct on week

SHANGHAI, Nov 21 - Hong Kong shares snapped a four-day losing streak on Friday as profit-taking pressure eased, but ended lower on the week despite the highly-touted launch of a landmark link between the Hong Kong and Shanghai exchanges.

21 Nov 2014
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FTSE 100 6,750.76 +71.86 +1.08%
DAX 9,732.55 +248.58 +2.62%
CAC 40 4,347.23 +113.02 +2.67%
TR Europe 163.99 +1.45 +0.89%
GBP/USD 1.5654 --
GBP/EUR 1.2631 --
EUR/USD 1.2388 --
Gold 1,200.30 +6.80 +0.57%
Oil 76.72 +0.66 +0.87%
Corn 371.00 -0.50 -0.13%