Markets Headlines
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Crude oil prices fell after an increase in new U.S. claims for unemployment benefits reinforced concerns about sputtering economic growth in the world's top oil consumer.
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The U.S. Federal Reserve could begin cutting back on its massive bond-buying program this summer if the economy continues to pick up steam, a top Fed official said on Wednesday.
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Gold settled lower for a third session on Thursday, as hopes of another interest rate cut by the ECB and new monetary stimulus offered by the Bank of Japan failed to stem heavy selling of bullion by funds.
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The dollar and euro made their largest percentage gains against the yen since late 2008 after the Bank of Japan surprised the markets with an ambitious plan to fight deflation in a radical overhaul of policy.
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The unprecedented moves by the Bank of Japan on Thursday to end years of deflation brought about a breath-taking turnaround in Japanese stock markets that saw the Nikkei 225 closing up 2.2 percent by the end of the day, at four and a half year highs.
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The stock market's catapult to record highs could be the very thing that leads to the much-awaited pullback.
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U.S. stock index futures shaved their gains to turn narrowly mixed Wednesday after a report showed private employers added less jobs than expected in March.
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Prices for U.S. Treasurys rose on Wednesday after tepid jobs and service sector data dampened hopes for key labor market figures due on Friday.
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Gold ended lower after earlier tumbling to a nine-month low near $1,550 an ounce as deepening losses in crude oil and equities triggered a sell-off of commodities.
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Brent crude oil dropped below $110 a barrel as oil stockpiles swelled in top oil consumer the United States, where a struggling economy is limiting demand for fuel.
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European shares closed lower on Wednesday, shadowing losses on U.S. bourses after disappointing American data.
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The Nikkei 225 surged 3 percent on Wednesday on expectations of aggressive monetary stimulus from the Bank of Japan's (BOJ) highly-anticipated policy meeting, while the rest of Asia fell on caution ahead of further risk events this week.
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The dollar fell across the board on Wednesday after a report showed the US private sector created fewer jobs than expected last month, raising concerns that recovery has stalled.
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There is a high probability that the current uptrend in the S&P 500 index will continue to 1,690, says this chartist.
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U.S. stock index futures were higher Tuesday, looking to recover from the previous session's decline and as manufacturing data showing a continued contraction in the euro zone failed to shake gains in European stocks.
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European shares closed higher on Tuesday, led by the telecoms sector, which was boosted by new reports that Vodafone, the world's second largest mobile operator, could be bought.
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Prices for U.S. Treasurys prices slid on Tuesday as investors scooped up riskier assets, such as stocks, instead of safe-haven government debt ahead of jobs data later in the week.
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Gold fell 1.5 percent, its biggest one-day drop in more than a month, as economic optimism lifted U.S. equities to near a record high and weakened bullion's safe-haven appeal.
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Ample supplies, concerns over the pace of the U.S. recovery and a wobbly euro zone economy outweighed the prospect of stronger demand in Asia, dragging oil below $111 a barrel.
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The dollar rallied from one-month lows against the yen on Tuesday, benefiting from a rally in U.S. stocks and investor caution ahead of a Bank of Japan meeting this week.
Europe Markets
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European shares were flat on Friday as talks over the "fiscal cliff" stalled.
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European shares closed lower on Wednesday for a third consecutive session, with resurging worries about the global economic outlook undermining investor sentiment.
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Standard & Poor's decision to cut Spain's credit rating to one notch above junk status is weighing on markets.
Asia-Pacific Markets
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Japan's Nikkei breached the 11,0000 mark briefly as the yen continued to weaken.
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As the Chinese boom slows Hermes, Remy and other posh names are still going full throttle in Asia.
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The worst US drought in over 50 years is pushing commodity prices to record highs.