Global Markets News

U.S. data, Europe woes to set tone

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NEW YORK - Investors will grapple next week with major U.S. economic reports and the looming possibility of a Greek exit from the euro zone, which is likely to keep dragging on equities for weeks to come.

Wall Street scores weekly gains, but sags for the day

NEW YORK - Stocks ended their first positive week in four with a down day on Friday as investors were reluctant to buy going into a long weekend, with uncertainty still swirling around Europe. | Video

6:02am EDT

Oil edges up on Iran, but posts fourth weekly loss

NEW YORK - Oil prices rose for a second day on Friday on the lack of progress in negotiations with Iran over its disputed nuclear program, but crude futures posted a fourth straight weekly loss as Europe's debt problems threatened economic growth and petroleum demand.

25 May 2012

NASDAQ OMX board elects interim chairman

NEW YORK - Nasdaq OMX said on Friday its board of directors elected Börje Ekholm to serve as the interim chairman of the exchange operator, replacing Furlong Baldwin, who retired.

25 May 2012

Hedge funds bet wrong on wheat, right on copper

NEW YORK - Hedge funds and other money managers betting on a continued rally in U.S. wheat from dry weather bought close to $2 billion worth of contracts in the grain over a week before the market's tumble three days ago, trade data on Friday showed.

25 May 2012

LCH.Clearnet left off U.S. 'systemic' list

CHICAGO - LCH.Clearnet, the world's biggest clearer of interest-rate swaps, did not make an initial list of global clearinghouses labeled "systemically important" by a council of U.S. regulators earlier this week, three sources familiar with the decision said.

25 May 2012
World Markets

RPT-NYMEX-Crude ends up but dips fourth straight week

* U.N. nuclear watchdog finds higher uranium trace in Iran * Upbeat U.S. consumer sentiment supports crude futures * Euro zone debt crisis worries keep day's gains slim * Coming up: API weekly U.S. inventory data, Wednesday NEW YORK, May 25 - U.S. crude futures rose a second day in a row on Friday as uncertainty about Iran's talks with world powers continued to stir supply-disruption worries and data showed a rise in U.S. consumer confidence. Europe's economic pr

UPDATE 1-UK Stocks-Factors to watch on Friday

* Britain's FTSE 100 was seen opening down on Friday after strong gains the previous session, with futures on the index easing 0.1 percent by 0623 GMT. Financial spreadbetters forecast losses of 12 to 17 points, or up to 0.3 percent in early trade.

Stocks, 25 May 2012

Defensives push European shares up against bleak backdrop

LONDON, May 25 - Drugmakers and utilities were among the top gainers as Europe's top share index closed higher on Friday, albeit in choppy trade and light volumes, as uncertain macro economic conditions dampened investors' risk appetite.

Nikkei marks longest weekly losing run in 20 years

* Nikkei down 0.4 pct on the week * Nikkei has fallen 16 pct since March 27 * Japan Tobacco up 10 pct on the week, to buy Belgium firm * Investors pick up defensive stocks By Sophie Knight TOKYO, May 25 - Japan's Nikkei stock average on Friday declined for an eighth straight week, marking its worst weekly losing streak in 20 years, as fears mounted about the impact of Greece's possible exit from the euro zone. But the benchmark ended the day slightly higher w

Hong Kong shares suffer 3rd weekly loss, China weak too

* Chinese railways extend strength, but scepticism lingers

Industrials, Financials 25 May 2012

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DOW 12,454.83 -74.92 -0.60%
S&P 500 1,317.82 -2.86 -0.22%
NASDAQ 2,837.53 -1.85 -0.07%
TR US Index 119.59 -0.22 -0.19%
EUR/USD 1.2515 -0.17%
GBP/USD 1.5659 -0.05%
USD/JPY 79.650 +0.10%
Gold 1,573.10 +15.60 +0.99%
Oil 90.74 +0.08 +0.09%
Corn 578.50 +0.00 +0.00%

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