The mood on Wall Street is likely to be cautious, as the lack of any meaningful catalysts increases the uncertainty in the minds of traders. Asian stocks traded amid trepidation amid the monetary policy decision from the Bank of Japan and some soft domestic economic data. In Europe, the sentiment is mixed, with the German market moving to the upside in reaction to strong export data.
German re-insurer Hannover Re Tuesday reported 48 percent climb in fourth-quarter profit, and reaffirmed its profit view for 2014. The company posted about 5 percent rise in profit for full year 2013, driven by a very good underwriting result in non-life reinsurance, and benefit from a positive tax effect.
Eurogroup President Jeroen Dijsselbloem said on Tuesday that European finance ministers made good progress on framing the deal for a single mechanism to deal with failed banks in the currency bloc.
European stock futures are slightly higher, indicating a firmer open on Tuesday despite an insipid performance on Wall Street overnight and mixed Asian cues.
The Asian markets are turning in a mixed performance, giving up some of their early gains, as China's credit growth trailed analysts' estimates...
La Jolla Pharmaceutical Co. (LJPC) rose more than 62 percent to $17.70 in extending trading on Monday following news about its randomized, placebo-controlled phase II trial of GCS-100 in chronic kidney disease achieving the primary endpoint of improved kidney function.
Apparel retailer Urban Outfitters Inc. on Monday reported an 8 percent increase in profit for the fourth quarter from last year, helped mainly by lower income tax expense. Sales climbed 6 percent and gross margins improved. Earnings for the quarter easily beat Street analysts' estimates, but sales failed to meet expectations.
After coming under pressure in early trading on Monday, stocks regained some ground over the course of the session but still ended the day mostly lower. Traders generally showed a lack of conviction amid a relatively quiet news day. The major averages climbed well off their lows for the session but still finished the day in the red.
Amid the ongoing crisis in Ukraine, the results of a CNN/ORC International survey released Monday showed that a majority of Americans support imposing economic sanctions against Russia for its role in the conflict. The poll found that 59 percent of Americans support the use of sanctions against Russia in an attempt to persuade the country to remove its forces from the Crimean peninsula.
After moving modestly lower in early trading on Monday, stocks have seen continued weakness over the course of the trading session. The pullback on the day is partly offsetting the strong upward move that was seen last week. The major averages have climbed off their worst levels of the day but currently remain in the red.
Stocks have moved modestly lower in early trading on Monday, giving back some ground after trending higher over the past few weeks. The major averages have all moved to the downside, although selling pressure has remained relatively subdued.
Chinese President Xi Jinping urged the U.S. to exercise restraint regarding the situation in Ukraine in a phone call with President Barack Obama on Sunday. "The situation in Ukraine is extremely complex, and what is most urgent is for all sides to remain calm and exercise restraint to avoid an escalation in tensions," Xi told Obama, according to China's Foreign Ministry.
German biopharmaceutical company CureVac GmbH has won the European Union's first ever innovation inducement prize for progress towards a novel technology to bring life-saving vaccines to people across the planet in safe and affordable ways. The European Commission offered the prize, worth EUR2 million, to encourage inventors to overcome one of the biggest barriers to using vaccines in developing
With disappointing Chinese trade data generating some negative sentiment, stocks are likely to move to the downside in early trading on Monday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 39 points.
Diversified chemicals maker FMC Corp. said Monday that it plans to split the company into two independent publicly listed companies, New FMC and FMC Minerals. The split is expected to be completed in early 2015, with both the companies to be listed on the New York Stock Exchange.
Eurozone investor confidence reached its highest level since April 2011 in March, underpinned by a notable improvement in the current situation assessment, a survey conducted by the think tank Sentix showed on Monday. The composite confidence index rose to 13.9 from 13.3 in February, while economists had forecast it to rise to 14. However, it was the highest score since April 2011.