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American stocks gained Tuesday as surprisingly strong sales of existing homes raised optimism about an economic recovery.
This has raised optimism that the forthcoming bank earnings season in the US will tread a similar path and outperform too.
The markets were generally higher earlier in the day when an agreement between leaders of France and Germany raised optimism that European leaders would reach a credible solution to their debt crisis.
I.B.M.'s quarterly profit was much higher than Wall Street estimates, and a long-sought recovery in its services business raised optimism that global companies were confident enough to spend more on technology.
Despite concerns about growing corporate involvement and the reduced competition caused by the communist boycott, the financial success and high worldwide television ratings raised optimism about the Olympic movement for the first time in a generation.
A Japanese study recently showed a vaccine for the disease was effective on animals, which may have raised optimism that several drug makers are on the right track.
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A Chinese government pledge to maintain policies intended to strengthen its economy, helped raise optimism about global growth.
WASHINGTON (Reuters) — A gauge of planned business spending increased by the most in five months in October, the Commerce Department said Tuesday, raising optimism that the sharp cutbacks in capital investment during the summer were abating.
Separately, a barometer of German business sentiment rose more than expected, raising optimism that the euro zone's biggest economy is growing again after declining 0.2 percent in the last quarter of 2011.
Gerhard Schröder and Angela Merkel said they had agreed to meet tonight, raising optimism that they will break the deadlock over who will be the next chancellor and who will be in the new cabinet.
Last week's reports on jobs and manufacturing suggested that the economy slowed in December, raising optimism about a rate cut at the Fed's two-day meeting starting Jan . 29
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