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Fourth quarter GDP data Friday should show the best growth pace in nearly two years as well as provide some insights into first quarter growth. GDP is released at 8:30 a.m. EST, and economists’ consensus is for growth of 3 percent, the best since the 3.8 percent in second quarter, 2010. Consumer sentiment is reported [...]

Most European stocks advanced after the U.S. Federal Reserve signaled keeping interest rates low through 2014 and laid the groundwork for a possible third round of asset purchases. U.S. index futures dropped, while Asian shares climbed.

U.S. and Asian companies seeking acquisitions in Europe may accelerate dealmaking next year after a slowdown in the second half, beckoned by a slumping euro and share prices depressed by the sovereign debt crisis. Led by Johnson & Johnson’s $21.3 billion bid for Switzerland’s Synthes Inc. (SYST), announced takeovers in Europe by overseas companies rose [...]

Stocks dropped, with Europe’s biggest banks leading the region’s gauge lower, and U.S. index futures slid after Standard & Poor’s cut debt ratings on lenders from Bank of America Corp. to Goldman Sachs Group Inc. to UBS AG. Commodities fell while Italian and Spanish yields rose. The MSCI All-Country World Index lost 0.4 percent at [...]

European stocks advanced, snapping a two-day decline, as the Italian Senate prepared to vote on an austerity package and a new unity government was set to take charge in Greece as part of measures to contain the debt crisis. U.S. index futures and Asian shares rose. Telecom Italia SpA (TIT) gained the most in a [...]

Brady Dougan, chief executive of Credit Suisse, told CNBC Tuesday that he was “not happy” with the Swiss bank’s disappointing third-quarter results. He also predicted further market volatility in coming months. “These underlying losses, getting away from the accounting issues, are not a result that we are happy with,” he said. “We continue to see [...]

European stocks declined for the third time in four days as splits emerged among the region’s leaders on a plan to end the debt crisis. Asian shares fell while U.S. index futures advanced. Actelion Ltd. (ATLN) sank the most in more than 18 months as Europe’s largest biotechnology company said it expects drug sales to [...]

Central bankers are racing to shield their economies from fiscal tightening and lopsided currency swings that threaten a new global recession. In the 72 hours after a Group of Seven conference call on Aug. 7, the Federal Reserve pledged to keep interest rates near zero through at least mid-2013, the European Central Bank intervened in [...]

Gold climbed to more than $1,700 an ounce for the first time after Standard & Poor’s cut the top U.S. credit rating, fueling a slump in equities and the dollar amid concern that the global economy is slowing. Prices have surged 20 percent in 2011, gaining for an 11th year, as the sovereign debt crisis [...]