European stocks gain on banking

Source: Marketwatch
European stocks rose on Monday,lead by gains in banking sector and rebounding from steep declines last week. Stoxx Europe 600 Index surged 0.8% to 270.69. The IBEX 35 Index added 0.5% to 7,743.70 as Spanish banks' stress test revealed capital needs of 59.3 billion Euro. The FTSE 100 Index gained 1% to 5,798.71, the CAC 40 Index inched 1.3% up to 3,399.54 and the DAX 30 Index rose 11.1% to 7,297.63.
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Mon, 01 Oct 2012 15:40:43 GMT

Japanese Tankan manufacturing index fell in Q3

Japanese businesses sentiment deteriorated in the third quarter of 2012, a sign the world's third biggest economy is slowing, the Bank of Japan reported Monday. Tankan Manufacturing index dropped to a seasonally adjusted -3, down from -1 in the previous quarter. A reading above 0.0 indicates improving conditions, while any reading below indicates worsening conditions.

Mon, 01 Oct 2012 14:46:42 GMT

U.S. stocks surge ahead of ISM, Bernanke

U.S. stock futures start the fourth quarter of this year on a positive note as traders await the manufacturing data and Ben Bernanke's talk later today. On Monday, Dow Jones futures added 60 points to 13,415. Futures on S&P 500 Index gained 5.6 points to 1,439.80, while those on Nasdaq soared 13.5 points to 2,805.50.

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