European stocks edged higher on Tuesday

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Source: Forexpros

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.

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Wed, 17 Oct 2012 06:20:24 GMT

Euro rises to one-month high amid speculation Spain will request bailout

The 17-nation currency strengthened to the highest level in a month on speculation that Spain will ask for a financial assistance, thus helping tame the Eurozone's debt crisis. The Euro rose 0.3% to $1.3091 after earlier touching $1.3124, the strongest level since September 17. It fetched 103.52 yen, the highest since September 19, before being at 102.99. 

Tue, 16 Oct 2012 19:14:23 GMT

U.S. stocks extended gains as sentiment improved

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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