The latest news and events driving markets around the world, supplied by Marketwatch and Reuters.
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By Carla Mozee and Sara Sjolin, MarketWatch. A stronger pound is also weighing on stocks in London. U.K. stocks declined on Friday and suffered a weekly loss, with shares of Royal Bank of Scotland PLC and International Consolidated Airlines Group SA leading the charge south after results.
By Carla Mozee and Sara Sjolin, MarketWatch. RBS shares drop after results; Deutsche Telekom shares rise. European stocks ended a bouncy session slightly higher on Friday, tracking gains for U.S. stocks as traders waded through a stream of corporate updates.
But major Asian benchmark on course for losing February. Asian equities on Friday continued to recover from midweek losses, extending gains into a second straight week. The rebound has reversed much of the declines seen during a wrenching selloff early this month, which were stoked by interest-rate worries.
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