LONDON -- The Dow Jones Industrial Average
Although uncertainty over the eurozone situation persists, renewed vows of support from G8 leaders have stabilized markets somewhat. In the absence of any other developments, the European situation may remain quiet until May 23, when EU leaders will hold a summit in Brussels to discuss the crisis.
On a similar note, recent comments from Chinese premier Wen Jiabao have heightened traders' expectations that further stimuli might be applied to the Chinese economy in an attempt to revitalize slowing growth.
Most European markets rose in this morning's trading sessions, with the FTSE 100
In London, the biggest rise came from Man Group, which gained more than 6% on news that it has acquired hedge fund research specialist FRM Holdings in a deal involving limited initial cash outlay.
With no economic data due at home today and a temporary state of calm in Europe, attention is likely to be on company news. One big story that could drive trading is the news that one of China's largest Internet companies, Alibaba Group, has agreed to repurchase the 20% stake held in the company by Yahoo!
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Earnings reports due today include Lowe's Companies, Campbell Soup, and Krispy Kreme. Facebook shares are also likely to see continued trading as the dust settles following Friday's IPO.
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