Major companies reporting this week include Apple, General Motors and Pfizer.
The focus in Europe was firmly on Spain, which now faces weeks of coalition talks after Prime Minister Pedro Sanchez's Socialists won snap elections on Sunday without a majority, splitting the right-wing bloc but letting ultra-nationalists into parliament. With the country set to return to the polls on May 26 for regional, local and European Parliament elections, a new government is not likely to be formed before June.Madrid's benchmark IBEX 35 index closed a touch higher, having spent most of the session in negative territory.Sentiment was also hobbled by news that economic confidence in the single currency area sank in April to hit the lowest level for more than two years.
Eyes now turn to Beijing, where top US negotiators are due for another round of trade talks with their Chinese counterparts.
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Dealer says 'John' and 'Su Ling' placed unauthorised trades in penny stocksANOTHER prosecution witness in the trial of John Soh Chee Wen and Quah Su-Ling, who allegedly rigged the market for Blumont Group, Asiasons Capital (now Attilan Group) and LionGold Corp, testified that he had accepted trades from unauthorised persons for his clients' accounts. Read more at The Business Times.
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Europe: Stocks up for 8th session as oil surge boosts energy stocks[BENGALURU] Energy stocks boosted by a steady surge in oil prices, and a higher open on Wall Street helped European shares erase session losses and close higher on Tuesday, but a sell-off in banks and auto stocks kept gains in check. Read more at The Business Times.
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US: Stocks end near flat to begin earnings-heavy week[NEW YORK] Wall Street stocks finished little changed on Monday at the start of a heavy earnings week, with most petroleum-linked shares rising with oil prices. Read more at The Business Times.
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US: Wall Street edges lower, energy stocks fall[NEW YORK] The S&P 500 slipped on Wednesday after ending the previous session with a record and the Nasdaq failed to hold all-time highs reached earlier in the day while investors waited for more earnings reports. Read more at The Business Times.
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