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Market News


European Markets

Opening calls are indicating a higher open after European Union heads of government backed plans for greater fiscal integration in Europe at the first major summit of 2012.

Asian Markets

Asian stocks rose, heading for the first back-to-back monthly gain since October 2010, after factory output in Japan climbed the most in seven months and Greece’s Prime Minister said debt-swap talks have made progress. Oil and the euro advanced.

US Markets

U.S. stocks recovered most of their lost ground Monday afternoon but struggled to pull out of the red as concerns over Greece continued to weigh on the market.

The Dow Jones industrial average finished 7 points lower, or 0.1%. Earlier, the blue chip index had declined 131 points. The S&P 500 (SPX) lost 3 points, or 0.3%, and the Nasdaq slumped 5 points, or 0.2%.

Events Today

 

Mining firm Xstrata announces fourth quarter output data on Tuesday and fourth quarter results from Spanish bank Santander are also due.

German unemployment data will be released at 10:00am CET.