Global Markets News
NEW YORK - Global equity markets surged and the dollar rose against the yen on Friday after stronger-than-expected U.S. jobs data gave investors confidence the economy is strong enough to withstand an expected reduction in Federal Reserve stimulus.
NEW YORK - Stocks soared on Friday, with the Dow and the S&P 500 ending a five-day losing streak after a robust jobs report gave traders confidence that the economic recovery was gaining strength. | Video
DUBAI - Iranian President Hassan Rouhani presented his first budget to parliament on Sunday, vowing to bring down inflation and boost growth to lift an economy reeling from sanctions and what he says was mismanagement by predecessor Mahmoud Ahmadinejad.
NEW YORK - The dollar rose against the yen on Friday after stronger-than-expected U.S. jobs data raised chances the Federal Reserve may start paring its bond buying program sooner than expected.
PARIS - France hopes a deal will be clinched on a European banking union before the end of 2013, the country's Finance Minister Pierre Moscovici said on Sunday.
LONDON - Most of Europe's big banks shed risky assets in the quarter to September, but they have yet to take extra provisions against doubtful loans to show they have put the financial crisis behind them in time for a critical review by regulators.
By Alexandra Alper and David Alire Garcia MEXICO CITY, Dec 8 - Mexican Senate committees on Sunday debated an energy bill that would open up the world's 10th-biggest oil producer to private investment by allowing new types of contracts, marking the industry's most dramatic overhaul in 75 years. The bill, announced by centrist ruling party and opposition conservative lawmakers on Saturday, would let private firms partner with ailing state oil firm Pemex via profit-sharing, risk-
LONDON, Dec 6 - European equities rose on Friday, snapping their longest losing streak in six months thanks to a rally in Swiss food firm Nestle and robust U.S. jobs data.
TOKYO, Dec 6 - Japanese stocks rose on Friday, recovering some of the losses seen in the past two days, as the yen weakened against the dollar on expectations that the Federal Reserve could start tapering its stimulus soon. The Nikkei ended 0.8 percent higher at 15,299.86 points after trading as low as 15,177.49 earlier in the session. For the week, the Nikkei dropped 2.3 percent, the first weekly decline in a month. The Topix added 0.5 percent to 1,235.83 in thin trade as inv
HONG KONG, Dec 6 - Hong Kong shares ended slightly up on Friday, trimming weekly losses, led by Chinese Internet giant Tencent Holdings ahead of economic data from the United States and China this weekend.
Americas Market Reports
- Brazil: EMERGING MARKETS-Brazil stocks rise after U.S. job data, Mexico holds steady
- Canada: CANADA STOCKS-TSX rebounds on jobs data, bank shares
- Chile: STXNEWS LATAM-Chile's SQM plummets, trading halted after potash shakeup
- Mexico: EMERGING MARKETS-Brazil stocks rise after U.S. job data, Mexico holds steady