U.K. markets rallied on Friday

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Source: Marketwatch

U.K. stocks turned green Friday as shares of banking and mining sectors jumped, and after the U.S. jobs data beat expectations. The U.K.'s FTSE 100 Index soared 2.2 per cent to 5,787.28. Banking sector also rocketed on Friday, with HSBC Holdings PLC up 4.1 per cent, Barclays PLC 5.6%, while Standard Chartered PLC picked up 4.5 per cent.  Moreover, mining sector gained as well, Vedanta Resources PLC and Kazakhmys PLC rose by 5.9% and 6.6% respectively.

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Fri, 03 Aug 2012 22:08:00 GMT

Spain more likely to ask for full EU bailout

During today's press conference, Spanish Prime Minister Mariano Rajoy announced that the possibility of asking a full-scaled bailout from the European Union is growing. He also added that the conditions and form of the bailout should be considered ahead of other issues.  The announcement was made a day after the ECB claimed its readiness to resume bond-buying program.  

Tue, 07 Aug 2012 16:10:10 GMT

U.S. stocks jumped on data

U.S. stocks advanced on Friday after four day of losses as the optimism on the Eurozone's debt crisis resolution grew and U.S. non-manufacturing activity jumped in July. The Dow Jones Index soared 1.7 per cent, to 13,098.29; the S&P 500 Index added 1.8 per cent, to 1,389.84, and the Nasdaq Composite jumped 1.9 per cent, to 2,965.29.

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