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European stocks tumbled to a two- month low amid mounting concern about the region’s debt crisis and as a U.S. report showed employers in the world’s largest economy added fewer jobs in March than forecast. UniCredit SpA (UCG), Intesa Sanpaolo SpA and Banca Popolare Di Milano Scarl (PMI) dropped more than 6.5 percent. Banco Santander [...]

European shares are expected to open flat Thursday as markets digest the second round of the European Central Bank’s Long Term Refinancing Operation (LTRO) and as Asian shares fell overnight over Federal Reserve chairman Ben Bernanke’s comments suggesting there would be no further monetary stimulus. The FTSE 100 [.FTSE 5871.51 -56.40 (-0.95%) ] is called [...]

Federal Reserve Chairman Ben S. Bernanke said elevated unemployment and subdued inflation mean interest rates are likely to stay low, without offering any sign that the economy needs an additional monetary boost. Bernanke, in testimony to lawmakers yesterday in Washington, described “positive developments” in the job market while saying it’s still “far from normal.” He [...]

Unemployment should drop below 8 percent this year as part of an improving economic climate that could take more monetary easing off the table, Fed President James Bullard told CNBC. The head of the Federal Reserve’s St. Louis branch said 2011 featured a number of unexpected shocks to the economy — Japan’s tsunami and Europe’s [...]

The number of Americans filing first- time claims for unemployment insurance payments unexpectedly declined last week, indicating the labor market recovery is gaining traction. Applications for jobless benefits decreased 15,000 in the week ended Feb. 4 to 358,000, Labor Department figures showed today. Economists forecast 370,000 claims, according to the median estimate in a Bloomberg [...]

Federal Reserve Chairman Ben Bernanke on Tuesday renewed a pledge to prevent Europe’s financial crisis from damaging the U.S. economy in testimony before Congress that mirrored remarks he made last week. “We are in frequent contact with European authorities, and we will continue to monitor the situation closely and take every available step to protect [...]

Consumer spending was flat in December as households took advantage of the largest rise in income in nine months to boost their savings, setting the tone for a slowdown in demand early in 2012. The Commerce Department said on Monday spending was the weakest since June and followed a 0.1 percent gain in November. Economists [...]

U.S. state tax collections rose 6.1 percent from July to September, the seventh straight quarter of growth, and now exceed pre-recession levels, according to a report from the Nelson A. Rockefeller Institute of Government. The increase was relative to the same period of 2010, the Albany, New York-based group said today. Preliminary figures from 44 [...]

With the Federal Reserve vowing that interest rates will stay low through 2014, this strategist sees a risk-on trade. The dollar [.DXY 79.41 -0.17 (-0.21%) ] took a hit when the Federal Reserve said it would keep interest rates near zero for longer than investors expected. And the risk-on mood that followed will likely last, [...]