Global Markets News
NEW YORK - With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old.
NEW YORK - The U.S. dollar soared against major currencies on Friday on growing speculation that the Federal Reserve could soon begin to rein in its bond-buying program and after data showed U.S. consumer sentiment hit an almost six-year high in early May.
NEW YORK - Stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies. | Video
NEW YORK - The dollar rallied across the board on Friday, topping the 103-yen level as it hit a 4-1/2-year high against the Japanese currency, after data showing a robust rebound in U.S. consumer sentiment prompted investors to add to bullish bets.
NEW YORK - Investors worldwide cut back on commitments to high-yield "junk" bond funds in the latest week, giving just $100 million to the funds globally after committing over $1 billion the prior week, according to Bank of America Merrill Lynch.
TOKYO - Japan will provide $2 billion worth of financial support over five years to back Japanese firms' resources development projects in Africa, media reported on Saturday.
INDIANAPOLIS, May 17 - Indiana has cancelled subsidies for a planned $1.8 billion fertilizer plant in the state because of concerns that a Pakistani company involved in the project makes products used in improvised explosives that kill and injure U.S. troops in Afghanistan.
LONDON, May 17 - Britain's FTSE 100 index is seen opening down 2 points on Friday, according to financial bookmakers. For more on the factors affecting European stocks, please click on
LONDON, May 17 - A rally in auto stocks and strong U.S. data helped European shares set a 5-year high on Friday and record their fourth consecutive weekly gain, with cyclical shares leading risers.
* Japan stocks remain firmly footed in structural bull market - JPMorgan * Hitachi up on higher operating margin forecast * Nikkei posts 2nd-straight weekly gains By Ayai Tomisawa TOKYO, May 17 - The Nikkei share average rose on Friday with investors snapping up reflationary plays such as real estate stocks on the dips - posting a second week of gains supported by the benign effects of a weak yen. Agriculture-related stocks also lifted the market, with Prime Minist
* China property again strong ahead of April home price data