Stocks up again despite SocGen shock
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Global stocks posted fresh gains on Friday, shrugging off an astounding $7 billion fraud at French bank Societe Generale, while commodities rallied as a U.S. tax stimulus package helped ease recession fears.
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European shares hit fresh six-and-a-half year highs on Monday amid gains in the financials sector.
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By George Chamberlin , Daily Transcript Financial Correspondent. Stocks rallied sharply Wednesday for the second consecutive session.
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U.S. stocks rallied on Wednesday, driving the Dow to an all-time high for a second day, as data showing a weaker-than-expected services sector reaffirmed views the Federal Reserve will keep interest rates unchanged.
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European shares snapped higher on Wednesday after a two-day losing streak thanks to gains for the financials sector.
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European equity markets jumped on Thursday after the region's financial stocks shook off news of a massive fraud at French bank Soci&eacute;t&eacute; G&eacute;n&eacute;rale.
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U.S. stocks climbed on Wednesday, driving the Dow to an all-time high for a second day, as data showing a weaker-than-expected services sector reaffirmed views the Federal Reserve will keep interest rates unchanged.
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European equities were slightly higher on Tuesday, but the weight of the gains were defensive in nature as investors remained cautious about financial stocks.
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Speculation of a British bid for Societe Generale, in the face of French opposition to a foreign takeover, pushed shares in SocGen up sharply on Wednesday nearly two weeks after it was plunged into a rogue trading scandal.
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U.S. stocks rose on Wednesday as  positive company earnings helped extend the previous session's  rally and the three major indexes tried to post two consecutive  days of gains for only the second time this year.
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THE share market reached a record high today, despite a negative lead from the US where markets fell overnight. At 1030 AEST, the benchmark S&amp;P/ASX 200 index was trading at 3595.
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Stocks extended gains on Friday, with the Nasdaq and S&P 500 indexes rising 1 percent along with the Dow.
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Stock markets rose further Friday on the growing view that fraud-linked billion-dollar losses at Societe Generale may have contributed to panic-selling earlier this week and bounced the US central bank into a radical rate cut.
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Stocks extended gains on Wednesday, with the Dow at an all-time intraday high and the Nasdaq up 1 percent as weaker-than-expected services data calmed interest-rate and inflation worries.
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The Nasdaq rose and the blue-chip Dow   edged up on Wednesday after a government report showed economic   growth, while slowing, remains fairly strong.
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US stocks were higher at midmorning on Thursday, as a slew of deals fuelled the market&#39;s momentum, a day after the S&amp;P 500 had risen to a record close.
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Stocks climbed in Europe and Asia on Wednesday, after a surprise hefty U.S. interest rate cut, but persistent worries about a U.S. recession and expectations of even lower rates to come lifted safe-haven government bonds.