EUROPEAN UNION

Traders on the New York Stock Exchange floor

US Stock Futures Decline Ahead Of Crucial EU Summit

U.S. stock index futures declined Thursday morning, pointing to a lower opening on Wall Street ahead of a decisive European Union summit in Brussels, where EU leaders will meet to tackle the euro zone debt crisis head on. The summit will take place June 28-29.

Asian Stock Mostly Higher; Summit Doubts Cap Gains

Asian Stocks
Asian stock markets mostly advanced Thursday as better-than-expected economic data from the US buoyed sentiment, but gains were capped as investors are being cautious ahead of the EU summit later in the day.
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Crude Oil Futures Hover Above $79 Ahead Of EU Summit

Crude oil futures slightly declined and hovered above $79 a barrel during Asian trading hours Wednesday as doubts over the ability of European leaders to address the debt crisis at a summit this week offset concerns over tightened North Sea supplies due to a strike in Norway.

Italy To Bail Out Old, Broke and Crooked Bank

Banca Monte dei Paschi di Siena SpA, a 540-year-old financial institution commonly called Europe's oldest bank, was the newest Continental house of finance to receive a government bailout, after the Italian Treasury granted the bank a ?3.9 billion ($4.87 billion) credit lifeline Tuesday. The rescue came even though Monte dei Paschi is seen as basically insolvent by the markets and is led by a banker currently under criminal indictment.
Mother and Baby photoshoot

Irish Birth Rate Soars Over Rest Of Europe

According to the Economic and Social Research Institute's latest Perinatal Statistics Report, Ireland's birth rate increased nearly 30 percent over the past ten years, equating to about 17,000 more births in 2010 than ten years prior.
Crude Oil Futures on Track for Weekly Gain on U.S. Economic Recovery

Crude Oil Futures Fall On Economic Woes

Crude oil futures declined during Asian trading hours Tuesday as sentiment was dampened on concerns that faltering global growth could lead to lower oil demand.
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Asian Stock Markets Fall On Growth Fears

Asian stock markets mostly declined Monday as fears of a further global slowdown and economic headwinds from the euro zone continued to weigh on the sentiment.
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Canadian Inflation on Ice

Wrapping up some fairly important Canadian data this week, CPI numbers were released earlier this morning and showed that inflationary pressures are easing somewhat, continuing to stay of the south side of the Bank of Canada's target.

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