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Top Stories Europe Markets: Wall Street rebound inspires early Europe gains Europe stock markets shoot higher in early trading on Tuesday in the wake of a sharp rebound for Wall Street, with banks and resource stocks leading the gains.
Telecom Report: China growth in 3G subscriptions easing China’s three telecom operators reported weaker subscriber additions in April for the key 3G segment, though whether the drop marked a trend remained uncertain.
Asia Markets: Asia stocks rally, with resource, tech shares up Asia stocks rally, tracking overnight gains in the U.S., with many indexes up 1% or more as resource and tech shares help lead the advance.
Currencies: Dollar edges back up as euro slips The dollar resumes a path higher on Tuesday after taking a leg down in the prior session.
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May 22, 2012 5:01 AM EDT
Yesterday, there was a little bit of profit taking ahead of today’s ADP report and ahead of Friday’s report on jobs. Monday’s rally wasn’t on an expectation that the US economy was suddenly doing better than anticipated. If anything, it was that the Euro-zone wasn’t as bad as feared and that the weaker Dollar might give the big US exporters an opportunity to get back in the game. Therefore, the weak economic data didn’t seem to carry much weig... full story >>