International markets news
Market watch top headlines
A roundup of trading on major world markets.
NEW YORK - Stocks rose on Wall Street after US corporate earnings reports got off to a good start.
The Dow Jones industrial average was up 35 points to 13,364 heading into the final hour of trade, coming off of two days of losses.
The Standard & Poor's 500 index had gained two points to 1,459 and the Nasdaq composite was 11 points higher at 3,103.
Alcoa predicted rising demand for aluminum this year as the aerospace industry gains strength.
Late on Tuesday the company reported fourth quarter revenue that beat analysts' estimates.
Investors pay close attention to Alcoa's results and forecasts because the aluminum it makes is used in so many industries including construction and manufacturing.
Boeing was the biggest gainer of the 30 stocks in the Dow, accounting for 17 points of the Dow's increase.
That followed two days of sharp declines triggered by new problems for its 787 Dreamliner.
Boeing said it has "extreme confidence" in the plane even as federal investigators try to determine the cause of a fire Monday aboard an empty Japan Airlines plane in Boston and a fuel leak at another JAL 787 on Tuesday.
LONDON - European stock markets climbed on a positive start to the US earnings season and a brighter outlook for the banking sector.
London's benchmark FTSE 100 index of top companies rose 0.74 per cent to close at 6,098.65 points, its highest level since May 2008, before a global financial crisis morphed into a global economic crisis.
Banking stocks led the London index higher after analysts at Swiss bank UBS released an upbeat assessment for the sector in light of relaxed requirements under the so-called Basel 3 programme.
In Frankfurt, the DAX 30 index added 0.32 per cent to 7,702.47 points while the Paris CAC 40 advanced by 0.31 per cent to 3,717.45.
Equity markets were already well into the black in early trading owing to an upbeat earnings statement late Tuesday from US aluminium giant Alcoa, which often serves as a leading indicator as the annual results season gets underway.
HONG KONG - Asian markets were mostly higher on Wednesday, snapping a recent losing streak as the US corporate earnings season got off to a positive start with aluminium giant Alcoa reporting a large jump in profit.
The US dollar and euro also picked up against the yen, providing strong support for the Nikkei index as the weakening Japanese currency spurred investors to buy exporter shares.
Tokyo closed up 0.67 per cent, or 70.51 points, at 10,578.57 and Hong Kong ended up 0.46 per cent, adding 107.28 points to 23,218.47.
However, Seoul lost 0.31 per cent, or 6.13 points, to close at 1991.81.
And Shanghai ended flat, dipping 0.73 points to 2,275.34 owing to caution ahead of the release of key Chinese economic data later this week.
WELLINGTON - New Zealand shares rose on Wednesday, nudging the NZX 50 Index to a five-year high.
The benchmark index gained 13.17 points, or 0.3 per cent, to 4,103.54.