Stocks pared early gains on Thursday as investors fretted about the extension of a short selling ban to other markets, forcing the euro lower, while European debt steadied following successful auctions. Wall Street looked set to open lower. In early European trades, the FTSEurofirst had advanced slightly as buyers sought bargains following Wednesday's 3 percent
More
Banks led European shares in a modest bargain-hunting rally on Thursday morning after the previous session's 3 percent drop, but the rebound was tempered by uncertainty over market regulation and high volatility. By 0850 GMT, the pan-European FTSEurofirst 300 index was up 0.5 percent at 1,001.66 points. The index is still down 10.2 percent since
More
US Stock index futures pointed to a mixed open on Wall Street on Thursday, with futures for the S&P 500 down 0.1 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures down 0.4 percent at 0836 GMT (4:36 a.m. ET). Applied Materials Inc (AMAT.O), the world's largest producer of chipmaking gear, will be
More
All U.S. stocks will probably be subject to so-called circuit breakers by the end of this year, Duncan Niederauer, chief executive officer of stock exchange operator NYSE Euronext (NYX.N)(NYX.PA), said on Thursday. The circuit breakers, a mechanism to halt trading in a stock for five minutes if it falls more than 10 percent within five
More
The Industrial Turnover Index for February 2010 reached 108.6 (base 2005=100) according to the latest figures from the Statistical Service, recording a decrease of 3.4% compared to February 2009. For the period January-February 2010, the index recorded a decrease of 4.0% compared to the same period of the previous year. For manufacturing, the index for
More
The head of the Eurogroup said on Thursday financial markets were acting irrationally over the euro area's debt problems and while he was concerned about the fall in the euro, immediate action was not needed. China said the euro crisis — fuelled this week by Germany's move to stamp on speculators — was adding to
More
The euro fell on Thursday, edging back towards a four-year low as investors nervous over policy disarray in the euro zone trimmed their assets in the region and used the previous day's bounce to sell the currency. Higher-yielding currencies dropped, with the Australian dollar hitting an eight-month low, as a fall in Asian shares lowered
More
Thousands of Greeks will march on parliament on Thursday in the first major anti-austerity rally since three people died in a massive demonstration this month. Ships will be docked, domestic flights will be disrupted and public services will close as workers strike for 24 hours in a test of the government's resolve to implement reforms
More
U.S. consumer prices unexpectedly fell in April, the first decline in a year, and the core annual rate recorded its smallest gain since 1966, suggesting scope for the Federal Reserve to keep interest rates near zero for some time. The Labor Department said on Wednesday its seasonally adjusted Consumer Price Index slipped 0.1 percent, pulled
More
Greece used EU and IMF emergency loans to fully repay a 10-year, 8.5 billion euro bond that matured on Wednesday, officials said, and now needs to make painful changes to revamp its economy. It was Greece's perceived inability to redeem the looming May 19 bond that prompted the European Union and International Monetary Fund to
More