Global Markets News

Wall Street Week Ahead: Correction talk gets old as rally sails along

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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.

Dollar soars, stocks set new highs on Fed stimulus exit talk

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.

17 May 2013

Dow, S&P end at records, stocks mark fourth week of gains

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

17 May 2013

Dollar tops 103 yen, a 4-1/2-year high, on robust U.S. data

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.

17 May 2013

High-yield bond funds see lower demand after record rally

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.

17 May 2013

Japan to provide $2 billion to Africa resources projects

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.

18 May 2013
World Markets

U.S. state cancels subsidy for investment from Pakistani company

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.

UPDATE 1-UK Stocks-Factors to watch on Friday May 17

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

Stocks, 17 May 2013

Auto stocks lead European shares to 4th straight weekly gain

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.

Nikkei hits new 5 1/2-year high on real estate, agricultural shares

* 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 shares close out 3rd weekly gain with late property-led flourish

* China property again strong ahead of April home price data

Industrials, Financials 17 May 2013

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DOW 15,354.40 +121.18 +0.80%
S&P 500 1,667.47 +17.00 +1.03%
NASDAQ 3,498.97 +33.72 +0.97%
TR US Index 151.30 +1.53 +1.02%
EUR/USD 1.2840 +0.00%
GBP/USD 1.5166 +0.00%
USD/JPY 103.20 +0.00%
Gold 1,361.00 -22.20 -1.60%
Oil 96.02 +0.86 +0.90%
Corn 652.00 +11.25 +1.75%