European shares were seen mixed on Thursday, as investors take a breather after a brisk two-day rally, bracing for further debt auctions in the euro zone as well as interest rate decisions.
Stocks ended at new record highs as the Federal Reserve reported improving economic conditions across the country, and as upbeat earnings outlooks for banks lifted investor sentiment. JPMorgan and Bank of America rose, while Disney fell.
Stocks traded off the highs of the day, but remained significantly up, as the Federal Reserve reported improving economic conditions across the country, and as upbeat earnings outlooks for banks lifted investor sentiment. JPMorgan and Boeing rose, while Alcoa fell.
Stocks gained on a brighter outlook for banks ahead of earnings releases, and as debt troubles in Europe eased after a successful Portuguese bond offering. JPMorgan and Bank of America gained.
U.S. stock index futures gained ahead of the open Wednesday and remained higher after Portugal successfully auctioned government debt, relieving some of investors' concerns about the state of the euro zone debt crisis.
Today, Japanese Finance Minister Noda said that Japan would use its existing euro foreign exchange reserves to buy a large portion of the bonds issued by the European Financial Stability Fund.
Despite denials by the Portuguese Prime Minister Jose Socrates that the country will not be seeking financial aid from the IMF or the European Union, technical discussions are being held ‘quietly’ among European leaders about a possible bailout plan, the Portuguese newspaper Publico reported on its Web site.
Dennis Gartman, founder of "The Gartman Letter," said he still expects the euro to split into two currencies.
Will this be the week that Portugal becomes the latest euro zone country to call in the European Union and the International Monetary Fund to bail it out? The answer to that question will become clear on Wednesday when Lisbon taps the bond market for the first time in 2011.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."