Stocks finished the final trading day of the weak second quarter with a huge bang as Wall Street cheered a surprise agreement by EU leaders to help the region's struggling banks.
U.S. stock index futures jumped Friday after European leaders unexpectedly agreed to take action to bring down Italy and Spain’s borrowing costs and create a single banking supervisory body.
Take a look at some of Thursday's midday movers:
Bob Diamond, chief executive of Barclays, has “very serious questions” to answer about the growing scandal around attempts to manipulate the London Interbank Offered Rate (Libor), UK Chancellor George Osborne said Thursday.
The mass downgrades of major global banks by ratings agency Moody’s Thursday night don’t appear to have caused the downwards market movements one might have expected.
Take a look at some of Friday's midday movers:
Stocks recovered more than half their losses, but still closed in negative territory Tuesday as political uncertainty in Greece kept investors on edge.
U.S. stock index futures pointed to a lower open on Wall Street on Tuesday as investors continued to fret over the euro zone following elections in France and Greece over the weekend.
Even as HSBC beat expectations with its first quarter results on Tuesday, one strategist says its Hong Kong-listed subsidiary Hang Seng Bank is a better bet for investors given its more attractive return on equity and lower cost base.
In April, the HSBC UAE Purchasing Managers' Index rose to 53.5, the highest level since June 2011. The one-point increase is the strongest monthly gain since October of last year.
Sunday's flash PMI report on China shows the importance of maintaining discipline in your trading strategies.
Federal regulators are poised to crack down on eight financial firms that are not part of the recent government settlement over home foreclosure practices involving sloppy, inaccurate, or forged documents, the New York Times reports.
The yen has had a rough week, and this strategist says trading patterns suggest the weakness could continue.
Take a look at some of Wednesday morning's early movers:
Standard Chartered Bank's Asia CEO Jaspal Bindra has warned that the European Central Bank's long-term refinancing operations could lead to unintended consequences.
A quick look at the "laggards" for year-to-date returns among bank stocks shows some quality names that posted relatively strong earnings results in 2011, and performed much better than the The KBW Bank Index.
HSBC Holdings said on Monday it will likely face criminal or civil charges from an expanding investigation into its ties to allegedly illegal money transactions, including some tied to Iran.
Take a look at some of Monday morning's early movers:
HSBC is expected to report the West's biggest banking profit for last year, fuelled by the East, while its rivals are struggling with faltering European and U.S. growth.
HSBC Economist Stephen King says the growing likelihood of further quantitative easing (QE) in the U.S., contrasting with real efforts to slash budget deficits in Europe, suggests the single currency will come out stronger in the medium term.