Global Markets News

Wall Street ends weak quarter with a bang

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NEW YORK - Stocks surged on Friday to close out a sour quarter on a high note as investors cheered an agreement by European leaders to stabilize the region's banks, a pact that helped remove some of the uncertainty that has plagued markets.

Global stocks, euro, oil rally after euro zone deal

NEW YORK - The euro jumped nearly 2 percent, oil prices surged and world stocks rallied on Friday after euro zone leaders agreed on measures to cut soaring borrowing costs in Italy and Spain, in addition to directly recapitalizing regional banks. | Video

29 Jun 2012

Oil posts fourth biggest daily gain on record

NEW YORK - Oil surged on Friday in heavy trading to the fourth biggest daily gain on record, as a deal by European leaders to shore up euro zone banks triggered frantic short-covering by funds that had been riding crude's price collapse over the last quarter.

29 Jun 2012

Gold jumps over 3 percent on EU deal, logs monthly gain

NEW YORK - Gold surged 3 percent to above $1,600 an ounce on Friday, ending June with its first monthly gain in five months, as a European deal to shore up banks and cut borrowing costs lifted bullion's investment appeal.

29 Jun 2012

China June official PMI hits 7-month low

BEIJING - China's factory downturn worsened in June as a key activity index hit a seven-month low, data expected to raise expectations the central bank may seek more policy easing to revive the world's second-largest economy.

9:55am EDT

Little wetter for northwest Midwest next week

CHICAGO - Midday weather updates indicate a little more rain for next week in the northwest U.S. Midwest crop region than earlier outlooks indicated but forecasts for the following week were drier than previous forecasts, an agricultural meteorologist said on Friday.

U.S., Environment 29 Jun 2012
World Markets

UPDATE 2-Germany's Linde to buy Lincare for $4.6 bln

NEW YORK, July 1 - German industrial gas producer Linde AG said on Sunday it has agreed to pay $4.6 billion for Lincare Holdings Inc, a Florida-based provider of oxygen and respiratory therapy services to patients in the home.

UK Stocks-Factors to watch on Friday, June 29

* Britain's FTSE 100 index is set to jump to a one-week high in the open on Friday, after an EU summit unexpectedly yielded a raft of measures to tackle the euro zone crisis, but troubles in the UK banking sector will keep a lid on gains.

Stocks, 29 Jun 2012

EU aid deal lifts European shares to 7-week high

* FTSEurofirst and Euro STOXX at highest close since early May

Nikkei edges higher, extend gains on EU decision

* Momentum from EU decision continues to buoy stocks * Cyclical shares such as shippers in favour * Analyst said he had expected bigger gains By Sophie Knight TOKYO, July 2 - Japan's Nikkei share average edged up in early trade on Monday, extending gains made after euro zone leaders agreed to stabilise the region's banks and also helped by data showing Japanese manufacturing sentiment has improved. Trading companies, steel and shipmakers were in favour while defens

Hong Kong shares rise, China snaps 7-day losing streak

* HSI up 2.2 pct on day, 4.4 pct in June; down 5.4 pct in Q2

Industrials, Financials 29 Jun 2012

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DOW 12,880.09 +277.83 +2.20%
S&P 500 1,362.16 +33.12 +2.49%
NASDAQ 2,935.05 +85.56 +3.00%
TR US Index 123.19 +3.03 +2.52%
EUR/USD 1.2617 -0.32%
GBP/USD 1.5656 -0.31%
USD/JPY 79.790 +0.03%
Gold 1,591.30 -12.90 -0.81%
Oil 83.89 -1.07 -1.28%
Corn 628.50 +2.25 +0.36%