Stocks advance following sharp drop in oil prices (AP)

People pass a Wachovia branch office on Tuesday, July 22, 2008 in New York. Wachovia Corp. reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street's hopes that the nation's big banks are weathering the credit crisis well. The nation's fourth-largest bank by assets said it lost $8.86 billion. (AP Photo/Mark Lennihan)AP - Stocks have closed higher for the second straight day as another sharp drop in oil prices and several upbeat profit reports are easing some of Wall Street's concerns about the economy.




Wall Street edges up as oil drops, financials gain (Reuters)

People pass a Wachovia branch office on Tuesday, July 22, 2008 in New York. Wachovia Corp. reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street's hopes that the nation's big banks are weathering the credit crisis well. The nation's fourth-largest bank by assets said it lost $8.86 billion. (AP Photo/Mark Lennihan)Reuters - Stocks rose on Wednesday as financial shares climbed on hopes lawmakers will approve the rescue plan for mortgage finance companies Fannie Mae and Freddie Mac and the price of oil fell.




Toronto stocks slip as gold, oil prices drop (Reuters)
Reuters - The Toronto Stock Exchange's main index was lower on Wednesday morning, as slide in gold and oil prices weighed on the resource-laden index.

European stocks race higher, banks and autos shine (AFP)

A stock trader observes the developments in the stock market in Frankfurt, March 2008. Europe's main stock markets rallied, led by the banking and auto sectors, after an overnight rally on Wall Street helped by falling oil prices that also lifted Asian share prices.(AFP/DDP/File/Thomas Lohnes)AFP - Europe's main stock markets rallied on Wednesday, led by the banking and auto sectors, after an overnight rally on Wall Street helped by falling oil prices that also lifted Asian share prices.




Wall St. futures rise; eyes on earnings, Beige Book (Reuters)

People pass a Wachovia branch office on Tuesday, July 22, 2008 in New York. Wachovia Corp. reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street's hopes that the nation's big banks are weathering the credit crisis well. The nation's fourth-largest bank by assets said it lost $8.86 billion. (AP Photo/Mark Lennihan)Reuters - (Reuters) Both Dow Jones futures and S&P 500 futures were up 0.55 percent at 0945 GMT (5:45 a.m. EDT), while Nasdaq futures were 71 percent higher.




Bush says Wall Street has hangover, must sober up (AP)
AP - President Bush, in an unguarded moment, said Wall Street "got drunk and now it's got a hangover."

New GDf Suez shares fall, Suez Environnement jumps (AFP)

French energy utility Suez CEO Gerard Mestrallet (R) and Suez Environment Chief Executive Officer Jean-Louis Chaussade pose in front of the new logo of Suez Environnement, on July 21, during a press conference in Paris. Shares in newly created energy giant GDF Suez fell on the first day on the Paris Bourse.(AFP/File/Francois Guillot)AFP - Shares in newly created energy giant GDF Suez fell on the first day on the Paris Bourse Tuesday as investors found no new lead to follow in the long awaited listing of the tie-up between private group Suez and state power utility Gaz de France.




Former SEC head wants broader short-selling rules (Reuters)

The sun lights the exterior of the New York Stock Exchange, as people walk past on the shadowed street, July 16, 2008.  REUTERS/Chip East  (UNITED STATES)Reuters - Emergency action by regulators to rein in abusive short-selling in some large financial firms should be expanded to include the stocks of all public companies, a former top markets watchdog said on Monday.




View of the day: European bear-market rally (FT.com)
FT.com - It is time to dip a toe back in to European stock markets, says Teun Draaisma, equity strategist at Morgan Stanley, who has shifted to an overweight position in the region for the first time in three months.

London shares close higher (AFP)

An installation at the London stock exchange. Leading shares closed higher for the third successive day, with Bank of America's results helping Wall Street remain in positive territory, as well as boosting the UK banking sector.(AFP/File/Ben Stansall)AFP - Leading shares closed higher for the third successive day Monday, with Bank of America's results helping Wall Street remain in positive territory, as well as boosting the UK banking sector.




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