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Top Stories Metals Stocks: Gold futures trade higher as dollar weakens June gold is back on the rise, within hailing distance of $1,600, as the dollar turns lower following a long winning streak for the greenback.
Tech Stocks: Tech stocks mixed ahead of Facebook debut Social networking giant ready to start trading at $38 a share; Yahoo reportedly in deal to sell at least some of its Alibaba assets back to the Chinese e-commerce company.
Europe Markets: Europe stocks choppy after Spain bank downgrades Europe stocks traded choppy with losses for miners and drinks makers, while banks rebounded from earlier losses related to a downgrade of Spanish banks by Moody’s Investors Service late the prior day, amid talk of a ban on short selling of those institutions.
Futures Movers: Oil extends losses to sixth day Oil futures extend their losses Friday, looking at a sixth consecutive day of declines as investors remain concerned about global growth and demand for oil as the euro zone’s debt problems rage on.
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May 18, 2012 10:49 AM EDT
After last week’s Fitch downgrade of Spain’s sovereign debt, Europe reacted with significant red arrows to start the week. The Euro made a fresh 4-year low versus the Dollar in overseas trading after the European Central Bank said that Euro-zone banks could face up to $240 billion in write-downs this year and next. That pushed the Euro below the prior three week’s intraday low at 1.2144. Our market bounce last week was helped by the Euro holdi... full story >>