U.S. stocks extended gains as sentiment improved

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Source: Forexpros
© Scanpix/AFP

U.S. stocks extended gains on Tuesday, lifted by the better-than-expected U.S. economic data and as several major companies reported strong earnings. The Dow Jones Industrial Average advanced 0.9%, to 13,541.72; the Standard & Poor 500 Index jumped 1.01%, to stand at 1,454.65, while Nasdaq 100 futures added 1.14%, to 3,099.34.

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Tue, 16 Oct 2012 19:25:21 GMT

European stocks edged higher on Tuesday

European stocks edged higher on Tuesday, October 16, amid growing hopes Spain is one step closer to making a formal bailout request. The Stoxx Europe 600 Index surged 1.32 per cent to 274.38. Germany's DAX Index edged higher 1.58 per cent to 7,376.27 and France's CAC 40 Index rocketed 2.36 per cent to 3,500.94.

Tue, 16 Oct 2012 17:24:24 GMT

German shares climb as ZEW index beat expectations

German shares rallied on Tuesday on larger than expected increase in German economic sentiment. German ZEW economic sentiment index improved to minus 11.5 this month, beating expectations of a reading of minus 15.0. Moreover, two German officials announced that the country is open for Spain searching for precautionary credit line. The DAX Index soared 1.31% and is currently trading at

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