Global Markets News

U.S. stocks slip, yields rise; easing talk hits yen

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NEW YORK - U.S. stocks edged lower on Monday as new data pointing to economic recovery failed to extend an eight-week market rally, and the yen tumbled on news the Bank of Japan was considering expanding its stimulus.

Wall Street ends lower; mining sector falls

NEW YORK - U.S. stocks closed lower on Monday, with investors unable to find new reasons to keep pushing the market higher after eight straight weeks of gains, while mining companies' shares fell alongside a slide in precious metal prices.

4:04pm EST

Dollar rallies to six-month peak vs. yen on BOJ speculation

NEW YORK - The dollar climbed to a more than six-month high against the yen on Monday on speculation the Bank of Japan may expand its already massive economic stimulus.

3:36pm EST

Romanian president refuses to sign IMF deal over tax hikes

BUCHAREST - Romanian center-right president Traian Basescu said on Monday he would not ratify the leftist government's review of a standby loan deal with the International Monetary Fund and the European Commission because he opposed the introduction of a new fuel tax.

3:04pm EST

French and Spanish car sales show steadying market, Italy lags

PARIS - Car sales in France and Spain showed further signs of stabilizing last month after a prolonged recession in much of Europe pushed demand close to a two-decade low, though optimism was dampened by weak numbers from Italy.

2:05pm EST

Italy November public accounts worsen year on year as budget gap widens

ROME - Italy posted a state sector budget deficit of around 7.2 billion euros ($9.76 billion) in November, widening from a shortfall of 4.258 billion in the same month last year, the Treasury said on Monday.

2:50pm EST
World Markets

U.S. Fed does not object to new Goldman, JPMorgan capital plans

WASHINGTON, Dec 2 - The U.S. Federal Reserve said on Monday it did not object to new capital plans by Goldman Sachs and JPMorgan Chase, after regulators said the initial versions showed weaknesses in the banks' capital planning processes.

Europe shares rise early; ThyssenKrupp sinks

PARIS, Dec 2 - European stocks inched higher early on Monday, with investors on edge ahead of a batch of manufacturing data from the euro zone due early in the session.

Nikkei ends flat as market cautious on rapid gains, U.S. data eyed

TOKYO, Dec 2 - Japanese stocks ended flat in choppy trade on Monday as investors turned cautious after the market's recent rapid gains and awaited major U.S. economic data. The Nikkei stock average ended 0.04 percent lower at 15,655.07 points after trading in and out of positive territory earlier. But it is still within sight of a 5-1/2 year peak of 15,942.60 marked on May 23. Last month, the Nikkei gained 9.3 percent on the back of strong corporate earnings and a weaker yen.

Stocks, Asian Markets, 1:11am EST

Hong Kong shares close at highest in more than 31 months

HONG KONG, Dec 2 - Hong Kong shares outperformed mainland Chinese markets in choppy trade on Monday, as non-banking financials surged after China's securities regulator signalled that A-share initial public offering approvals could resume as soon as next month.

Industrials, Financials 3:10am EST

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