European equities bounced back on Thursday from the last session's 10-week lows, with reassuring results from U.S. aluminium giant Alcoa boosting mining stocks and oil shares tracking firmer crude prices. The market showed little reaction to the Bank of England's decision to leave interest rates unchanged. At 1133 GMT, the FTSEurofirst 300 index of top
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Dow Jones futures rose 0.7 percent by 4:35 a.m. EDT, S&P futures gained 0.9 percent and Nasdaq futures ticked up 0.6 percent, pointing to a higher start for Wall Street's main stock market indexes on Thursday. The tone was set by Alcoa (AA.N), whose shares rose 6.8 percent after Wednesday's closing bell on the back
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Britain's leading share index gained 0.6 percent in early trade on Thursday, snapping a three-session losing run following a late rally on Wall Street, with miners and banks providing the main strength. By 0800 GMT, the FTSE 100 index was 25.02 points higher at 4,163.77 after closing down 46.77 points, or 1.1 percent, on Wednesday
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Britain's goods trade deficit with the rest of the world narrowed more than expected and to a three-year low in May as imports, particularly from outside Europe fell, official data showed on Thursday. The trade picture was also flattered by the oil balance returning to surplus for the first time since September, the Office for
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Oil rebounded toward $61 a barrel on Thursday, correcting from a seven-week low hit on bearish oil data that outlined continued weak demand amid growing concerns about the pace of economic recovery. A larger-than-expected rise of 3.7 million barrels in U.S. distillates stocks last week left them at close to a 25-year high, data from
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Leaders of the world's richest nations and major developing powers meet on Thursday to seek common ground on global warming and international trade, with the poorer countries seeking concessions. U.S. President Barack Obama will chair the climate discussions, but hopes of agreeing ambitious goals have faded after China and India rejected demands to halve the
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Japan led a fall in Asian stocks on Thursday after the yen spiked to a five-month high against the dollar, with investors seeking to trim riskier bets amid concerns about the health of the global economy. As the confidence in recovery shown in the second quarter further evaporated, money found its way into government bond
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The Bank of England looks set to feed more cash into its economy on Thursday, underscoring policymakers' commitment to support a fragile recovery from the worst global recession since World War Two. The International Monetary Fund raised its 2010 global growth outlook, but warned that neither the economy nor the banking industry at the heart
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Forecast-beating results from U.S. bellwether Alcoa helped lift European stocks and draw global equities out of the red on Thursday, while currency markets reversed some of their recent cautious patterns. The U.S. aluminium giant kicked off the U.S. earnings season on Wednesday by reporting a third consecutive quarterly loss, but it beat estimates by a
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President of the Republic of Cyprus Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat began their 36th meeting on Thursday, in the context of UN-led direct negotiations to reach a settlement of the Cyprus problem. During Thursday's meeting, the leaders of the two communities are expected to begin discussions on the chapter concerning security.
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