European stocks closed lower on Friday

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Source: Forexpros

European stocks turned lower on Friday, October 19, as market sentiment remained bearish after as European Union leaders failed to discuss further aid for Spain. The Stoxx Europe 600 Index erased 0.76 per cent to 274.08. Germany's DAX Index fell 0.76 per cent to 7,380.64 and France's CAC 40 Index declined 0.87 per cent to 3,504.56.

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Fri, 19 Oct 2012 18:51:29 GMT

Wall Street hammered on earnings

On Friday, October 19, U.S. stocks tumbled, as quarterly reports from industry heavy hitters proved that the global economy is slowing. The Dow Jones Industrial Average dropped 1.2%, to 13,388.86; the Standard & Poor 500 Index inched lower 1.3%, to 1,438.14, while Nasdaq 100 futures fell 1.9%, to stand at 3,014.05.

Fri, 19 Oct 2012 18:29:30 GMT

Pound higher versus Euro on optimistic data

On Monday, the Pound was traded higher versus the 17-nation currency, following the report, which showed that U.K. budget deficit was the lowest since 2008. The Sterling increased by 0.1% to trade at €1.2290 by 2:22 p.m. in London. Earlier in the day, the British Pound hit a session high of €1.2311 and a session low of €1.2274.

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