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 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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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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French banking group Societe Generale has reported that second-quarter net profit rose by 37.9 percent, with its finance and investment divisions posting strong growth amid market volatility.
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U.S. stocks climbed on Wednesday, pushing the Dow to an all-time high for the second day in a row and driving the Nasdaq up more than 1 percent, as data showing a weaker-than-expected services sector calmed inflation fears and added to hopes the Federal Reserve will keep interest rates unchanged.
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European stocks have made solid gains in morning deals after a rebound on Wall Street overnight.
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European stocks staged a rebound on Thursday as investors shrugged off another subprime shock from the US, while engineering groups welcomed strong quarterly numbers from Alstom.
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Europe&#39;s main stock markets advanced Friday, extending gains after Wall Street powered higher overnight.
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The Dow and the S&P 500 extended gains in late trading on Wednesday, taking the Dow up more than 1 percent, as investors bought financial shares and some optimism returned to the market a day after the Fed's emergency interest-rate cut.
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Another round of good results brings another boost in the stock price.
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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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Stocks rallied for a third session on Wednesday after a surprise gain in January retail sales suggested consumer spending was holding up even as other data has pointed to a recession.
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European stocks rose Wednesday, shaking off declines on U.S. stock indexes the previous day, as U.S. investors sought bargains.
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European stocks edged higher on Wednesday thanks to a strong performance on Wall Street overnight, but gains were capped after a mixed session in Asia.
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European stock markets have risen solidly after Wall Street had rebounded overnight.
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Stocks rose as investors looked past rate cut disappointment and reversed Tuesday's sell-off.
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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.