Markets steady after solid earnings reports - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

Markets steady after solid earnings reports

Posted: Updated:
  • NationalMore>>

  • Senator says he had PTSD when he wrote thesis

    Senator says he had PTSD when he wrote thesis

    Wednesday, July 23 2014 8:22 PM EDT2014-07-24 00:22:25 GMT
    Montana Sen. John Walsh's thesis written for the U.S. Army War College contains unattributed passages that appear to be taken word-for-word from previously published papers.
    Sen. John Walsh of Montana said Wednesday his failure to attribute conclusions and verbatim passages lifted from other scholars' work in his thesis to earn a master's degree from the U.S. Army War College was an...
  • Arizona inmate dies 2 hours after execution began

    Arizona inmate dies 2 hours after execution began

    Wednesday, July 23 2014 8:21 PM EDT2014-07-24 00:21:12 GMT
    The U.S. Supreme Court cleared the way for Arizona to carry out its third execution in the past year Wednesday following a closely watched First Amendment fight over the secrecy surrounding lethal injection drugs.
    A condemned Arizona inmate gasped and snorted for more than an hour and a half during his execution Wednesday before he died in an episode sure to add to the scrutiny surrounding the death penalty in the U.S.
  • Judge strikes down gay marriage ban, stays ruling

    Judge strikes down gay marriage ban, stays ruling

    Wednesday, July 23 2014 7:52 PM EDT2014-07-23 23:52:14 GMT
    A federal judge in Denver has declared Colorado's gay marriage ban unconstitutional, but he issued a temporary stay of the ruling until an appeals court hearing next month.
    A federal judge in Denver declared Colorado's gay marriage ban unconstitutional on Wednesday, but he issued a temporary stay of the ruling to give the state until next month to seek an appeal.
By PAN PYLAS
Associated Press

LONDON (AP) - Stock markets in Europe steadied Wednesday as Wall Street opened solidly following positive earnings news from aluminum company Alcoa.

The company reported better than expected results in an after-hours statement Tuesday. Alcoa traditionally kicks off the quarterly reporting season and its results helped soothe some concerns in the markets.

U.S. corporate earnings could be the biggest driver in markets over the coming weeks as investors look for signs that the strengthening U.S. economy has translated into higher sales and profits.

"With Alcoa kicking things off in style there is now going to be added pressure on companies to perform and back up the recent equity gains with strong corporate performances," said James Hughes, chief market analyst at Alpari.

Alcoa's results helped steady sentiment somewhat in the Europe and the U.S. following sizeable losses the previous day.

In Europe, France's CAC-40 rose 0.4 percent to close at 4,359.84 while Germany's DAX rose the same rate to 9,808.20. The FTSE 100 index of leading British shares was down 0.3 percent at 6,718.04.

In the U.S., the Dow Jones industrial average was up 0.2 percent at 16,938.41 while the broader S&P 500 index rose 0.2 percent to 1,968.28.

The focus later will center on the release of the minutes from the U.S. Federal Reserve's last policy meeting. After that meeting wrapped up, the Fed made clear that it sees no need to raise short-term interest rates from record lows anytime soon.

"While we don't expect too many surprises from them, given recent commentary from some Fed officials the market could well be underestimating the timing of a rise in interest rates in the U.S.," said Michael Hewson, chief market analyst at CMC Markets.

Earlier, Asian markets were mostly marked down as investors across the region responded to the previous day's rout across Europe and the U.S.

Japan's Nikkei 225 recouped some of its losses from earlier in the day to close down 0.1 percent at 15,302.65. Hong Kong's Hang Seng shed 1.6 percent to 23,176.07.

Seoul's Kospi dropped 0.3 percent to 2,000.50 and China's Shanghai Composite fell 1.2 percent to 2,038.61. Markets in Australia and Southeast Asia also fell.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • InternationalMore>>

  • Honduran families deported back to a bleak future

    Honduran families deported back to a bleak future

    Wednesday, July 23 2014 7:44 PM EDT2014-07-23 23:44:48 GMT
    Elsa Ramirez already had lost two brothers to violence in this remote Caribbean region when co-workers handling clandestine cocaine flights from South America murdered her husband four months ago.
    Elsa Ramirez already had lost two brothers to violence in this remote Caribbean region when co-workers handling clandestine cocaine flights from South America murdered her husband four months ago.
  • European carriers suspend more Tel Aviv flights

    European carriers suspend more Tel Aviv flights

    Wednesday, July 23 2014 6:43 PM EDT2014-07-23 22:43:21 GMT
    Germany's largest airline, Lufthansa, says it is cancelling all flights to Tel Aviv for at least another 24 hours because of ongoing safety concerns.
    Air France and Germany's two largest airlines on Wednesday canceled more flights to Tel Aviv because of safety concerns amid the fighting between Israel and Hamas.
  • Iraq: al-Maliki rejects Iran's urging to step down

    Iraq: al-Maliki rejects Iran's urging to step down

    Wednesday, July 23 2014 6:33 PM EDT2014-07-23 22:33:43 GMT
    Iraqi officials say the death toll from a late night suicide attack targeting a police checkpoint in Baghdad has climbed to 31 people, most of them civilians.
    Iraq's Prime Minister Nouri al-Maliki rejected an attempt by Iran to persuade him to step down, senior Iraqi politicians said Wednesday, underlining his determination to defy even his top ally to push for a third term...