Gold prices fell on Monday as concerns over the global economic outlook and its impact on the coming corporate earnings season weighed on investor sentiment. But national holidays in the US and Japan were expected to limit trading activity and may have been partially responsible for the dip in gold prices.
Euro stocks climbed higher Tuesday after strong signs from US consumers and the Italian debt sales. But warnings over Italy could send euro, stocks tumbling soon.
Stocks advanced strongly as traders await fresh action to solve Europe's debt crisis. Belgian budget agreement and report of IMF help for Italy help ease negative pressure on European stocks.
Stocks in Europe lose some gains after German finance minister cautions on eurozone solution. Stocks are up 11.6 percent over the past nine days.
France nuclear explosion: A furnace at at nuclear waste treatment facility in southern France exploded, killing one person.
Stock prices in Europe fall sharply after G7 finance ministers fail to come up with new measures. Bank stock prices, in particular, tumble over concerns of spreading euro debt crisis.
Debt plan compromise is reportedly close, which could give global markets a bounce. A default would add huge stress to already slumping markets.
Unemployment report showing a gain of 216,000 jobs provided a lift for stocks. With unemployment rate at a two-year low, the Dow rose 56 points.