News by: Himanshu Singh
And European banks are braced for downturn with more cost cuts.
In Japan, the Nikkei rose, with markets reacting to better-than-expected export data.
And Rolls-Royce is set to reveal £2 billion write-down as sterling's plunge weighs.
And Britain's economy shrinking at fastest rate since 2009 piling pressure on Bank of England to halt decline.
And president of the European Central Bank struck a measured tone about the repercussions of Britain’s decision to leave the EU.
The Dow Jones snapped a nine-session winning streak after dismal quarterly reports from Intel and transportation companies.
And FBI arrested senior HSBC banker accused of rigging multibillion-dollar deal.
The software giant’s shares surged 5.3% after it posted sharp growth in its cloud computing business.
However, the Dow Jones rose, registering eighth straight session of gains and marking its longest winning streak since March 2013.
And IMF slashes UK growth forecasts after Brexit - but Britain will still outstrip Germany, France and Italy.
And Japan's SoftBank is set to buy iPhone chip maker ARM in £24 billion acquisition of Britain's biggest tech company.
Japan's SoftBank said it would buy computer chip designer ARM Holdings for $32 billion boosting sentiment.
Helping sentiment was a report that Japan's SoftBank Group had agreed to buy ARM Holdings for $31.04 billion.
And Iran has opened talks with Siemens and Rolls-Royce on energy investment following the lifting of international sanctions.
And Italy hired JP Morgan to hammer out €50 billion bad bank bailout plan.
And 'take a sledgehammer' to Brexit risks with new stimulus, says Bank of England's chief economist.
The S&P 500 and the Dow Jones hit records on investors' rosy outlook for big banks' second-quarter results.
And pound is on track for its best week since 2009 after Bank of England leaves interest rates unchanged.
And Bank of England could cut interest rates to boost economy after Brexit vote.
Energy companies in the S&P 500 fell 0.7% yesterday after oil prices slumped.