Stocks were poised to open higher Wednesday after reports on the labor market and consumer spending pointed to an improving economy and as investors shifted their focus away from tensions between the two Koreas and European debt worries.
Financial bookmakers expect to see Europe's top indexes rising on Wednesday, with resource-related shares finding support in rising metal and commodity prices.
Stocks ended sharply lower Tuesday amid concerns the Irish debt crisis would spread to other euro zone countries and the effects of the crisis in Korea prompted investors to dump risky assets. Microsoft and JPMorgan fell, while HP rose.
North Korea's attack on South Korea was "symbolically important," but will not lead to all-out war, Richard Kim, head of Korean sales at Auerbach Grayson, said on CNBC Tuesday.
Stocks are getting ripped by North Korea and Ireland, with all the fears that go along with those two stories. People should not panic. A lot of good news out there is suggesting a strong economy, regardless of what the Fed says.
Stocks continued to sink as the dollar rose Tuesday as investors grew skittish about the prospects of the Irish debt crisis spreading to other periphery euro zone countries as well as escalating tensions in Korea. Chevron and Exon fell, while HP rose.
U.S. stock index futures remained lower after news of a better-than-expected revision for third quarter Gross Domestic Product as investors added an escalating conflict in Korea to the growing list of concerns dragging market sentiment lower.
After a thorough drubbing in the midterm elections, President Obama turned his attention to the G20 meeting in South Korea where the United States has always held sway.
Investors looking to ride on Asia's recent stock rally face a more dangerous entry point in the near term, said Ajay Kapur, head of equity strategy, Asia at Deutsche Bank on CNBC Friday.
Two volcanoes erupted Thursday on Russia's far-eastern Kamchatka Peninsula, tossing massive ash clouds miles into the air, forcing flights to divert and blanketing one town with thick, heavy ash.
China's stocks may have staged a strong comeback in recent months, but analysts see further upside ahead.
The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday.
South Korea's state-run pension fund announced Monday it may acquire a stake in a U.S. oil pipeline operator held by energy giant Chevron.
North Korea has turned to Twitter and YouTube to step up its propaganda struggle with South Korea and the US as the isolated state comes under growing international pressure since the sinking of a southern warship. The FT reports.
South Korea, Thailand, Indonesia, Malaysia and others in Southeast and East Asia are benefiting from an export-driven regional boom and the lessons of a financial crisis a decade ago.
South Korean police investigators raided Google's Seoul offices on Tuesday on suspicion the Internet search company was illegally gathering personal information for its street mapping service.
With money managers increasingly pessimistic about the prospects for global economic growth, more are looking for emerging markets in Asia to outperform.
Asian stock markets were mostly lower on Tuesday, as the Shanghai Composite Index's sharp slide weighed on sentiment but the declines were capped by Alcoa's stronger-than-expected quarterly profit reported after the close of U.S. trade.
Most Asian markets chalked up modest gains Monday, after Wall Street closed out its best week in a year on Friday.
Asian stocks trekked higher on Friday after a fall in U.S. jobless claims and solid sales reports by large retailers lifted Wall Street for a third straight day.