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Global Markets News

Shares rise after weak data backs rate cut bets

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LONDON - European shares built on their best day in seven months and oil climbed back above $101 per barrel on Wednesday after weak data bolstered expectations for a European Central Bank rate cut.

Wall Street opens flat after data

NEW YORK - Stocks opened little changed on Wednesday as strong results from Boeing Co were offset by weaker-than-expected data on March durable goods. | Video

9:35am EDT

Dollar falls versus yen after durable goods data

NEW YORK - The dollar fell against the yen and briefly dropped versus the euro on Wednesday after data showed orders for long-lasting U.S. manufactured goods in March recorded their biggest drop in seven months.

8:42am EDT

Nigeria takes next step in power privatization

ABUJA - - Nigeria's President Goodluck Jonathan accepted deposits by bidders for 15 state electricity assets on Monday, a milestone in a privatization process meant to end decades of power blackouts.

8:00am EDT

German business gloom grows as export markets wobble

BERLIN - German business sentiment in April was worse than the most pessimistic of forecasts, falling for the second consecutive month as Europe's largest economy was undermined by both its euro zone and Chinese export markets.

LTRO payback calm suggests unconventional ECB steps ahead

LONDON - The relaxed view of money markets to the quicker-than-expected repayment of the ECB's LTRO crisis loans suggests many players expect the central bank to delve back into its unconventional policy toolbox before the end of the year.

8:38am EDT
World Markets

South African regulator allows pornographic TV channels

CAPE TOWN, April 24 - South Africa's communications regulator, ICASA, on Wednesday gave permission for satellite television network TopTV to broadcast three "sexually explicit" channels, saying there was no legal basis to reject the application.

Stocks, Regulatory News, 9:46am EDT

UPDATE 1-UK Stocks-Factors to watch on Weds. Apr. 24

LONDON, April 24 - Britain's FTSE 100 index is seen opening up as much as 18 points, or 0.2 percent higher on Wednesday, according to financial bookmakers. For more on the factors affecting European stocks, please click on

Stocks, 2:34am EDT

European shares supported by ECB rate cut hopes

LONDON, April 24 - European shares rose on Wednesday, extending the previous session's hefty gains after a weak German Ifo survey added to expectations that the European Central Bank could cut interest rates next week.

Nikkei climbs 2.3 pct to nearly 5-yr highs; weak yen buoys exporters

* Nikkei jumps 2.3 pct, Topix up 1.8 pct * Exporters lead gains, reflationary plays underperform By Tomo Uetake TOKYO, April 24 - Japanese shares climbed 2.3 percent to their highest level in nearly five years on Wednesday as the yen resumed its slide towards 100 to the dollar. Currency-sensitive exporters led the gains as the focus shifts to the earnings season and the impact of a weaker yen on profit forecasts for the rest of the year. The benchmark Nikkei added

Financial shares lead Hong Kong, China rebound, Huaneng Power soars

* Modest volumes as markets rebound after Tuesday's losses

Industrials, Financials 4:48am EDT

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DOW 14,701.47 -17.99 -0.12%
S&P; 500 1,577.93 -0.85 -0.05%
NASDAQ 3,259.73 -9.61 -0.29%
TR US Index 143.04 +1.52 +1.07%
EUR/USD 1.2990 -0.05%
GBP/USD 1.5259 +0.14%
USD/JPY 99.440 -0.03%
Gold 1,427.20 +18.60 +1.32%
Oil 89.84 +0.66 +0.74%
Corn 641.50 +3.00 +0.47%