U.K. stocks rose on Friday amid better than expected economic data from the world's largest economy. The benchmark FTSE 100 index gained 1.02%, or 55.73 points, to 5,512.70. The FTSE All-Share Index edged higher 0.98%, or 27.48 points, to 2,827.09.
U.S. consumer confidence rose to an eight month high in December as consumers became more optimistic on the outlook of the country's economy, the Conference Board Inc. said on Tuesday. An index of sentiment increased to 64.5 from 55.2 in November.
Italian government bonds fell on Tuesday, pushing three-year and ten-year yields higher before an auction on Thursday, where Rome plans to sell 8.5 billion of debt, as investors are worried the euro zone's third-largest economy may lose access to financial markets.
Japanese stocks edged higher on Monday after the U.S. Congress passed payroll tax extension. The Nikkei 225 gained 1.00%, or 84.18 points, to 8,479.34, while the broader Topix advanced 0.46%, or 3.32, to 726.44.
U.K. stocks rose on Friday amid better-than-expected economic data from the world's largest economy. The benchmark FTSE 100 index gained 1.02%, or 55.73 points, to 5,512.70. The FTSE All-Share Index edged higher 0.98%, or 27.48 points, to 2,827.09.
Economists expect home prices to decline at a slower pace in forthcoming months with prices reaching a bottom in the middle of 2012. Property prices declined 3.2 per cent in October, compared to the same period last year.
Standard & Poor's is expected to release its verdict on credit ratings for 15 euro zone countries in January, after putting them on credit watch December 6 for a possible cut in the absence of decisive action from European leaders.
Japanese stocks fell on Thursday as record borrowing from the European Central Bank showed how deeply the debt crisis has affected the financial system. The Nikkei 225 shed 0.77%, or 64.82 points, to 8,395.16, while the broader Topix lost 0.35%, or 2.56, to 723.12.
Swiss stocks rose for a fifth consecutive day on Friday after reports on new home sales and durable goods showed the world's largest economy is recovering.
Number of approved mortgages increased to 34.7 thousand in November down by 0.5 thousand from the previous month, according to the data published by the British Banker's Association. Analysts expected the reading to increase to 36.3 thousand.
Sales of new U.S. homes advanced to a seven month high in November, according to the data published by the Census Bureau. The number of new houses sold rose 1.6 per cent to an annualized rate of 315 thousand from 310 thousand in October.
S&P top official warned Friday that record 489 billion euros allotted between 523 European banks by the ECB will not protect them from threatened rating downgrades.
Japanese stocks fell on Thursday as record borrowing from the European Central Bank showed how deeply the debt crisis has affected the financial system. The Nikkei 225 shed 0.77%, or 64.82 points, to 8,395.16, while the broader Topix lost 0.35%, or 2.56, to 723.12.
Swiss stocks rose for a fourth consecutive day on Thursday after a report showed U.S. jobless applications decreased and consumer sentiment improved, a sign that the world's largest economy is recovering.
U.K. gross domestic product grew revised 0.6 per cent in the third quarter of 2011, faster than previous estimates of 0.5 per cent, said the Office for National Statistics on Thursday. The Bank of England expects the economy to stagnate in the fourth quarter and in the beginning of 2012.
The number of Americans claiming for unemployment benefits dropped to 364 thousand in the week ended December 17, the lowest level since April 2008, said the Department of Labor on Thursday. Economists expected the reading to increase to 376 thousand.
Italy's senate passed a vote of confidence 257 to 41 on Prime Minister Mario Monti's emergency budget plan on Thursday as the government struggles to restore investor confidence in the euro zone's third largest economy.
Japan's exports dropped for a second consecutive month in November and the Bank of Japan lowered its assessment of the economy as strong Yen and debt crisis in Europe weighted on overseas demand.
Swiss stocks closed little changed on Wednesday after the European Central Bank lend out 489 billion euros in three-year loans to European banks.
U.K. consumer confidence slid further in December as the country's habitants became more pessimistic on the outlook of the economy. An index, which measures consumers' sentiment, dropped to -33 from -31 in November, said a market research agency GfK NOP.
U.S. existing home sales rose less than expected in November, signalling fragile real estate market recovery. The number of existing houses sold rose to an annual rate of 4.42 million, said the National Association of Realtors on Wednesday.
The European Central Bank allotted 489 billion euros in three year loans to 523 European banks at an average rate of 1 percent on Wednesday, exceeding forecast of 300 billion euros.
Japan is in talks to purchase Chinese government bonds, said Finance Minister Jun Azumi on Tuesday, a step toward diversification of country's foreign exchange holdings.
Swiss stocks rose on Tuesday for a second consecutive day after the U.S. Census Bureau announced better-than-expected housing starts and increase in building permits in the world's largest economy.