Wednesday, December 19, 2012

Europe stocks rally as Draghi affirms euro support

MARKETWATCH FRONT PAGE

European stock markets stage a sudden jump on Thursday, as European Central Bank President Mario Draghi pledges to do �whatever is needed� to save the euro. See full story.

Japan stocks snap loss streak, lead Asia

Most of the major Asian stock markets rise as investors look for bargains after some large recent losses. Japanese shares end up as better-than-expected earnings from Fanuc and Nintendo help offset a disappointing outlook from Canon, while the property sector drags on Chinese bourses. See full story.

Euro jumps as ECB�s Draghi pledges to save it

The U.S. dollar rebounds against the euro and some other rivals as investor focus returns to weak euro-zone and global economic indicators, but drops against the kiwi after New Zealand holds interest rates steady. See full story.

Euro finds its niche as a funding currency

With the European Central Bank�s key lending rate at a record low, the euro has emerged as a funding currency in so-called carry trades. See full story.

China�s green policy, forex hit European buyers

Beijing�s push to clean up its polluting industrial base, along with rising labor costs and unfavorable foreign-exchange rates, is drastically altering the nature of China�s role in global trade, and with European buyers in particular. See full story.

MARKETWATCH COMMENTARY

The emergence of cooler, sleeker and easier-to-use social networking apps is a reminder that Facebook�s best days may be behind it � something Wall Street and investors are already betting on. See full story.

MARKETWATCH PERSONAL FINANCE

Most financial advisers have their clients� best interests at heart, but there are a few bad apples. Here�s how to protect yourself, and your retirement funds, from rogue brokers and bad advice. See full story.

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