Global Markets News

Wall Street rallies, S&P; and Dow up for week

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NEW YORK - Stocks surged on Friday, lifted by economic figures that eased concerns about growth in China and earnings at JPMorgan that eased fears about the impact of failed trades that cost the bank billions. | Video

China GDP data lifts world stocks, crude oil

NEW YORK - Global stocks and oil prices surged in a relief rally on Friday after Chinese data eased fears of a potential hard landing for the world's No. 2 economy and a further blow to growth worldwide.

13 Jul 2012

Wall Street Week Ahead: Earnings, Bernanke promise active week

NEW YORK - Investors are looking at an onslaught next week. If it's not corporate earnings, it's Ben Bernanke talking about economic issues before Congress. | Video

13 Jul 2012

Oil up third day on China GDP, North Sea problems

NEW YORK - Oil prices rose for a third day on Friday after China reported GDP data in line with expectations and slightly above the government's target, soothing concerns about slowing growth in the world's second largest economy. | Video

13 Jul 2012

Gold rises on equities, commods rallies, China data

NEW YORK - Gold rose about 1.5 percent on Friday, boosted by sharp rallies in equities and commodities after data showed that China's economic growth, though slower, was stronger than some had expected.

13 Jul 2012

New futures contract looks to take on Libor

NEW YORK - A new futures contract could challenge the London interbank offered rate (Libor)'s standing as the global interest rate benchmark, as a widening probe into whether Libor was manipulated raises questions about its reliability.

13 Jul 2012
World Markets

UPDATE 2-Symantec anti-virus update makes some PCs inoperable

BOSTON, July 13 - A bug in an update of Symantec Corp's anti-virus software caused some Windows PCs to crash late this week, making machines inoperable until they were serviced in an embarrassing episode that angered some customers.

Industrials, Technology, Stocks, 12:06am EDT

UPDATE 1-UK Stocks-Factors to watch on Friday July 13

LONDON, July 13 - * Britain's FTSE 100 index is seen opening up 26-28 points, or 0.5 percent, on Friday, according to financial bookmakers, with commodity stocks likely to be boosted by China Q2 growth data which met forecasts but fuelled expectations of more moves to stimulate the world's second largest economy. For more on the factors affecting European stocks, please click on

Stocks, 13 Jul 2012

Miners and telecoms lift Europe shares to week-high

LONDON, July 13 - European shares posted their highest close in more than a week on Friday as better-than-expected Chinese growth data propelled gains in mining stocks and helped offset fresh worries over the euro zone debt crisis.

Nikkei inches up in choppy trade, China data eases worries slightly

* China GDP data eases fears of sharp slowdown * But investors still wary on global outlook, stay defensive * Nikkei's technical outlook remains weak * Dentsu down sharply after purchase of Aegis By Sophie Knight TOKYO, July 13 - Japan's Nikkei share average edged up o n Friday to snap a six-session losing streak, its longest since early April, after Chinese growth data matched expectations, slightly easing fears about the state of the global economy. But inves

Hong Kong shares up, Shanghai flat, relief China GDP as forecast

* China banks cut losses on the week, June lending data supports

Financials, Industrials 13 Jul 2012

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DOW 12,777.09 +203.82 +1.62%
S&P; 500 1,356.78 +22.02 +1.65%
NASDAQ 2,908.47 +42.28 +1.48%
TR US Index 122.73 +1.96 +1.62%
EUR/USD 1.2250 +0.42%
GBP/USD 1.5572 +0.91%
USD/JPY 79.180 -0.10%
Gold 1,588.80 +23.50 +1.48%
Oil 87.00 +0.92 +1.06%
Corn 740.25 +8.00 +1.08%