Financial Market News

A suited bodyguard stands next to a jewellery display window during the Graff Diamonds IPO roadshow in Hong Kong May 21, 2012.

Expectations for the Toronto stock market are fairly tame this week as traders continue to labour under the growing possibility of a Greek exit from the eurozone and uncertainty surrounding the knock-on effects such a move would have on other eurozone countries and the global economy.

Memorial Day may mark the unofficial start to summer, but investors won't be getting any rest and relaxation during the coming week.

London will this week host a private global summit on the world financial crisis amid mounting pressure on eurozone economies.

Barron's Michael Santoli offered his rebuttal on Saturday saying that the FT's observations where late and the ultimate conclusions tend to be faulty.

A reporter for French TV stands on stage as the share price of newly debuted Facebook stock is viewed at the Nasdaq stock market moments after it went public, in New York, May 18, 2012.

Dow: 12,454, -74.9, -0.6% S&P 500: 1,317, -2 .8, -0.2% NASDAQ: 2,837, -1.8 , -0.0% There was very little economic data worth reporting and not a whole lot of action in the stock markets.

Latin American stocks advanced on Friday supported by a rise in consumer sentiment in the United States and a fresh round of bargain hunting by investors searching for cheap shares.

In a Dec. 9, 2011 file photo specialist Michael Gagliano, foreground right, works at a post on the floor of the New York Stock Exchange.

Facebook Inc.'s bungled stock-market debut made it clear that big money still rules Wall Street.

Investors will grapple next week with major U.S. economic reports and the looming possibility of a Greek exit from the euro zone, which is likely to keep dragging on equities for weeks to come.

A man shouts slogans during a protest outside headquarters of Spain's fourth largest bank Bankia in Madrid May 24, 2012.

U.S. stocks and the euro eased slightly on Friday as Spain's deteriorating finances and a possible Greek exit from the euro weighed on investor sentiment more than an upbeat report on U.S. consumer confidence.

Oil rose above $91 a barrel Friday in Asia as a global stock market rally boosted oil trader confidence.

U.S. stocks could get a lift Friday on a statement from Italian Prime Minister Mario Monti that he believes Germany can be persuaded to back so-called eurobonds, which could be a solution to the ongoing sovereign debt crisis in Europe.

Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market: The luxury jeweler cut its outlook for both sales and profit for the year, citing a worldwide slowdown in demand for its jewelry.

Asian stock markets struggled for firm footing Friday as investor nerves were tested by fizzling economic growth in China and the lack of a concrete plan to pull Greece back from the brink of bankruptcy.

European leaders insist they want to keep Greece in the eurozone, but are putting off any agreement on how they hope to accomplish that.

This undated file photo provided by the Pacific Investment Management Co., shows Bill Gross, manager of the PIMCO Total Return Fund.

Airline stocks rose on Thursday after a J.P. Morgan analyst raised his estimates of the companies' future profits because of the recent drop in jet fuel prices.