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Category Archives: Europe
U.S. stocks fell for the fifth straight day on Thursday following some economic reports that made for positive headlines but were a bit mixed in the details.
Global stock, bond and commodities markets were mostly lower on Monday to kick off December following a batch of stronger than expected economic reports from the U.S. and Europe and a weakish report on Black Friday sales.
A tentative agreement that would ease economic sanctions against Iran in exchange for limits on its nuclear program helped raise stock prices around the world on Monday, although U.S. stocks lost their momentum late in the session.
Stock prices rebounded on Thursday, rising for the first time this week and sending the Dow Jones Industrial Average to its first close above 16000.
Weak economic reports from Europe and Japan, plus some market-friendly comments from Federal Reserve Chairman Nominee Janet Yellen, fed speculation of more global central bank stimulus on Thursday, raising stock and bond prices worldwide.
U.S. stocks bucked a global downtrend on Wednesday.
Following some initial enthusiasm after a deceptively strong U.S. third-quarter GDP report and an unexpected interest rate cut by the European Central Bank, stocks fell sharply on Thursday.
The main U.S. stock market indexes were widely mixed on Wednesday, ahead of Thursday’s report on third quarter GDP.
Stocks closed mostly lower on Tuesday as investors worried that a better than expected report on the service sector might give the Federal Reserve reason to start tapering its bond purchases earlier than investors anticipate.
U.S. stocks fell on Thursday, the day after the Federal Reserve said it would continue with its $85 billion a month bond purchase program at least for the time being.