DT Trading Limited

Anxieties over the spread of the European debt crisis have heightened and, by all appearances, will infect the world banking system.

Yesterday at the close of trading in New York, US stock markets rose, bouncing back from their earlier losses.

Italian and Spanish financial market regulators extended the temporary ban on short sales of financial assets that were introduced last month in an attempt to stop the volatility on the market.

Confidence among American consumers fell to a two-year low in September, while the number of unemployed who reported that it was difficult for them to find work rose to its highest level in almost a decade.

Greek finance minister Evangelos Venizelos announced that his country will do “everything possible” to reach target budget levels and to prevent Greece from being made a “scapegoat” for the global economic crisis.

In morning trading in Europe today, stock indices bounced back from a two-year low after the G-20 countries pledged to provide a “firm and coordinated” answer to the problems facing the world economy.

The company Oracle (ORCL) reported that their profit exceeded analysts’ predictions despite the fact that the company increased expenses on software creation – databases and applications that are helping it run its business.

Italy's credit rating was downgraded yesterday evening by ratings agency Standard & Poor's.

The Euro is losing value against the dollar for the second day in a row while Asian stocks plummeted after European politicians were unable to present a plan to put a halt to the region’s debt crisis.

Stocks rose yesterday during trading in America, boosting the Standard & Poor’s broad market index even higher for a third day in a row.