Australian Stock Market Report – Midday 5/20/13

By Comsec

The Australian share market has hit five year highs in early trade on Monday, following a strong lead from Wall Street and a weaker Australian dollar. (12:47 pm)

MORE TOPICS: GOLD, FEDERAL RESERVE, BEN BERNANKE, TWITTER, FACEBOOK, CONGRESS

Global Markets Overview - 20 May 2013

By IBTimes AU

Stocks capped off another strong week with a broad rally, as a bigger-than-expected rise in consumer sentiment bolstered the view of an economy that is faring better than some had feared. (10:49 am)

MORE TOPICS: FTSE, HANG SENG INDEX, JAPAN, GOLD, COPPER, CHINA, GOLD, JAPAN, ROYAL BANK OF SCOTLAND, EUROPEAN UNION

Wall Street Week Ahead: Correction talk gets old as rally sails along

By Reuters

With the broad S&P 500 Index <.SPX> gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old. (May 18)

MORE TOPICS: FEDERAL RESERVE, BEN BERNANKE, EXISTING HOME SALES, CREDIT SUISSE, INVESTMENT

Euro Eyes Fresh 2013 Low on ECB Policy- Pound Rebound on Tap

By DailyFX

The Euro slipped to 1.2830 as European Central Bank (ECB) board member Benoit Coeure reiterated that the Governing Council is 'exploring options to further strengthen lending to the real economy and, in particular, to small and medium-sized ente... (May 18)

MORE TOPICS: BEN BERNANKE, TWITTER, BANK OF ENGLAND, EUROPEAN CENTRAL BANK, MICHIGAN

Dow, S&P end at records in Wall Street's fourth week of gains

By Reuters

Stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies. Both the Dow and the S&P 500 finished Friday's session at record highs. (May 18)

MORE TOPICS: S&P

Growth stocks in command as Wall Street rally gallops on

By Reuters

Growth sectors led Wall Street's advance on Friday as encouraging economic data put major U.S. stock indexes on track to close out their fourth week of gains in a row. (May 18)

MORE TOPICS: GENERAL MOTORS, RETAIL SALES, RETAIL, CISCO SYSTEMS, NEW YORK, MANAGEMENT

Bankers see M&A recovery after deals drop 7 pct so far in 2013

By Reuters UK

A drop in European takeovers has depressed global merger and acquisitions (M&A) activity so far this year, but bankers see activity picking up as a rally in stocks and bonds helps compensate for a prolonged euro-zone recession. (May 18)

MORE TOPICS: BANK OF AMERICA, BARCLAYS, MERRILL LYNCH, M&A, CREDIT SUISSE, QUANTITATIVE EASING

Dollar soars, stocks gain amid talk of Fed QE exit

By Reuters

Global equity markets rose and the dollar soared against a basket of currencies on Friday, reaching a nearly three-year peak, as speculation mounted over whether the Federal Reserve would soon begin to rein in its asset-buying program. (May 18)

MORE TOPICS: GOLD, FEDERAL RESERVE, GOLD PRICES, EUROPEAN CENTRAL BANK, LONDON

Wall Street rally just keeps ticking, lifted by data

By Reuters

U.S. stocks advanced on Friday, with the S&P 500 erasing declines in the previous session, putting the index on track for its fourth straight weekly advance as data helped support recent momentum. (May 18)

MORE TOPICS: GENERAL MOTORS, FEDERAL RESERVE, WELLS FARGO, CISCO SYSTEMS, INVESTMENT

Data lifts Wall Street to session high

By Reuters

Stocks hit session highs in morning trading on Friday after a gauge of future U.S. economic activity rose to its highest level in nearly five years. (May 18)