Major U.S. stock indexes climbed again on Thursday and set fresh record highs, bolstered by data showing U.S. labor market strength, as a month-long rally since the presidential election of Donald Trump rolled on.
FRANKFURT The European Central Bank trimmed back its asset buys in a surprise move on Thursday but promised protracted stimulus to aid a still fragile recovery, and dismissed any talk of tapering the program away. | Video
WASHINGTON The number of Americans filing for unemployment benefits fell from a five-month high last week, pointing to labor strength that underscores the economy's sustained momentum.
Abdalla Salem El-Badri, who stepped aside as OPEC Secretary General in August, said Thursday at a conference a crude oil production cut of about 600,000 barrels per day from non-OPEC members is a "must".
The U.S. Office of Financial Research has begun gathering data on bilateral repurchase agreements in an effort to increase transparency on the funding market, the head of the agency said on Thursday.
NEW YORK Bond yields rose and the euro dipped on Thursday after the European Central Bank said it would slow its stimulus program from April, while Wall Street extended the previous session's gains.
LONDON, Dec 8 Italian banking shares surged again on Thursday bringing their three-day gains to 20 percent and putting them on track for the best week since at least 2009.
MILAN, Dec 8 European shares rose to their highest in eleven months on Thursday as the European Central Bank's unexpected decision to cut its monthly asset purchases helped banks extend their rally.
Dec 8 Hong Kong stocks rose for the third straight session on Thursday, drawing some support from Wall Street although demand was tempered by weakness in mainland shares after China's falling foreign exchange reserves deepened capital outflow concerns.
Asia/Pacific Market Reports
Americas Market Reports
Europe Market Reports
- Gold: PRECIOUS-Gold rises further from lows ahead of central bank meetings
- Oil Report: UPDATE 10-Oil above $50 on hopes for non-OPEC output cuts
- US Dollar Report: FOREX-Euro drops as ECB extends bond purchase timeline
- British Pound Report: Sterling jumps 1 percent against euro after ECB extends bond buying