Global Markets Update: European Markets Retreat from Two-Week Highs

5:10 AM ET Fri, 20 Jan 2012

S&P 500 futures suggest Wall Street will pull back fractionally from near 6-month highs with Google being the only real disappointment in earnings. European shares retreated today from their 5-1/2-month highs in the previous session as major stock index neared an "overbought" territory. Asian shares rose to fresh two-month highs as solid euro zone sovereign debt sales and signs that Greece may be nearing a vital debt-swap deal eased concerns over Europe's refinancing capability, boosting appetite for riskier assets.