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European and Asian markets surged Tuesday as investors returned from the Easter holiday in a mood to buy, encouraged by upbeat U.S. housing numbers and overnight gains on Wall Street.
Oil futures rose moderately Wednesday as traders shrugged off a mixed government inventory report and focused on the economy and threats to crude supplies overseas.
European stocks shrugged off sharp drops in Asian markets Wednesday after a tumble on Wall Street fanned investor fears that a U.S. recession would sap demand for Asian exports.
Asian stock markets rebounded Tuesday morning as investors cheered an overnight rally on Wall Street and snapped up beaten down shares on expectations of a U.S. interest rate cut later this week.
European and Asian markets rallied Friday near the end of a tumultuous trading week as investors took heart from Wall's Street's gains overnight and positive U.S. labor market data.
European markets surged Thursday as a stunning comeback on Wall Street a day earlier heartened investors worried over the outlook for the U.S. economy.
Asian markets tumbled Wednesday and shares fell across Europe as crude oil flirted with $100 per barrel and U.S. investors found little comfort in economic indicators before the Thanksgiving holiday.
Global stock markets dropped Friday, tracking losses on Wall Street, as investors worried about residual effects of the credit crisis and the strength of the U.S. economy.
Markets across the globe, save for Asia, rebounded Friday after the U.S. Federal Reserve cut its primary discount rate, a surprise move aimed at easing credit and calming financial markets.
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