Premarket

Market are showing incredible printing machine insanity on the Fed announcement day

@ES 861.25 9.50 1.12% 100,240
@NQ 1373.00 12.50 0.92% 6,813

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Santander, Siemens Push Euro Stocks Up
Topics:Economy (Global) | Mergers & Acquisitions | Earnings | Stock Market | Europe | Market Outlook
By: Reuters | 29 Apr 2009 | 05:16 AM ET
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European stocks gained ground in early trade on Wednesday, reversing some of the previous session's losses, as results from a number of bellwethers such as Siemens and Santander pleased investors.

Shares of Siemens surged 3.6 percent after reporting strong first-quarter figures, with investors shrugging off a widely anticipated move by the German electronics and engineering conglomerate to trim its outlook.

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Asian Markets Recover as Investors Look Past Flu
| 28 Apr 2009 | 08:31 PM ET

Asia stocks and the Australian dollar bounced back on Wednesday from a two-day slide, with investors taking heart from data showing the U.S. economy slowly healing, and betting the swine flu outbreak will be contained.

The yen slid against higher-yielding currencies on improving risk appetite after data showing U.S. consumer confidence posting its biggest monthly jump in three years and the pace of home price declines slowing from a record pace.

The signs of gradual recovery in the struggling U.S. economy helped ease some of the worries about the impact of the swine flu, as well as reports that top U.S. banks will need to raise more capital after the government stress tests.