Global Markets Update: Moody's Downgrades 26 Italian Banks

Tuesday, 15 May 2012 | 6:10 AM ET

CNBC's Kelly Evans reports Germany's GDP numbers helped spur a small rally in Europe, Moody's downgrades 26 Italian banks, FDI inflows to China fell for a sixth month in April, and France's Hollande is sworn in as the country's new president.