Tag Archives: Euro Zone

Equities on Wall Street and in Europe gained as investors awaited the unofficial start of the US second-quarter earnings season with the results of Alcoa due after the close of the American markets. The aluminum producer is expected to report earnings of 6 US cents per share on revenue of US$5.83 billion, according to Reuters. Alcoa shares were last up …

European stocks climbed as both the European Central Bank and the Bank of England reassured investors that interest rates will remain low to help their respective economies. “The Governing Council expects the key ECB interest rates to remain at present or lower levels for an extended period of time,” ECB President Mario Draghi said at a press conference in Frankfurt. …

European equities advanced as investors judged recent declines as overdone and concern about the end of central bank support premature. Europe’s benchmark Stoxx 600 Index ended the day with an increase of 0.3 percent, following last week’s 2.1 percent decline as investors worried that the US Federal Reserve might begin to pare its bond-buying program earlier than expected. Germany’s DAX …

Investors will eye Federal Reserve officials Eric Rosengren and Sandra Pianalto in the coming day for further clues on the timing of a taper of bond buying under the US central bank’s quantitative easing policy. In a bid to bolster growth by keeping interest rates low, the Fed has been pursuing QE, sometimes called printing money, by acquiring bonds at …

Momentum helped lift Wall Street to records earlier in the day, even as US and European economic data disappointed some investors about the pace of the recovery. The Dow Jones Industrial Average climbed to a record high of 15,301.34, while the Standard & Poor’s 500 Index hit a record 1,661.49 in morning trading before giving up some of those gains …

Stocks on both sides of the Atlantic gained, pushing the Standard & Poor’s 500 Index to a record high, after the European Central Bank reduced borrowing costs, while US unemployment claims posted a surprise decline. And Warren Buffett, the 82-year-old billionaire, sent his first tweet-and then promptly attracted followers at an initial rate of about 1,000 a minute. The key …

Wall Street and European stocks gained as the latest economic data underpinned expectations that monetary policy makers on both sides of the Atlantic will signal a fresh commitment to their plans to revive growth. US Federal Reserve policy makers begin a two-day meeting on Tuesday amid a slew of recent economic data indicating weakness in the pace of the recovery. …

Hopes for fresh monetary stimulus might be answered this week in Europe, which also begins the week with a resolution to Italy’s two-month political stalemate. In the US, investors will focus on a two-day meeting of Federal Reserve policy makers beginning on Tuesday, before their counterparts at the European Central Bank gather on Thursday. Europe’s Stoxx 600 Index climbed 3.7 …