Saturday, 16 June 2012
Asian stocks rose, with the regional benchmark index recording its biggest weekly gain in almost five months, on optimism that central banks from China to the U.S. will take new steps to fuel growth tempered concerns Europe’s debt crisis will worsen.
U.S. stocks rose, giving the Standard & Poor’s 500 Index its first back-to-back weekly gain since April, amid speculation central banks will take steps to stimulate growth and contain a prolonged debt crisis in Europe.
Friday, 15 June 2012
Asian shares edged up on Friday, and the euro held most of the previous session’s gains, as nervous investors took comfort from plans for coordinated action by major central banks to stabilise markets if Sunday’s election in Greece results in turmoil.
Copper prices inched up on Friday and were on track to post their first weekly rise in seven weeks, helped by reports that major central banks are poised to inject liquidity should the results of weekend elections in Greece unleash havoc on financial markets.