News by: Himanshu Singh
Earlier in the day, US stocks had registered strong increases, fueled by better-than-expected results from retailers Home Depot and Wal-Mart Stores.
And defence stocks move higher on security fears in the wake of Paris attacks.
And billions wiped off European travel shares after Paris attacks amid concerns terror attacks will deter holidaymakers.
Investors bet Friday's deadly attacks in Paris would have little long-term impact on the US economy and corporate earnings.
Investors are assessing the impact of the attacks on Europe’s economy at a time when global output is already weakening.
And after Paris attacks global stock markets are braced for a sell-off.
And more than three billion barrels of spare oil are floating around on the world market, according to the International Energy Agency.
And the UK government sold £13 billion of former Northern Rock mortgages to US private equity firm Cerberus.
Retailers were a bright spot after Kohl's reported better-than-expected quarterly net sales, sending its shares up 6.1%.
And Rolls-Royce and BAE Systems are set to cut jobs as march of the makers stumbles again.
And December’s Paris climate change talks will not deliver a legally binding treaty, John Kerry, US secretary of state, has warned.
Macy’s slumped the most since 2008 following a reduction in its profit forecast.
Apple's shares fell 2.8% after Credit Suisse said the company had cut component orders by as much as 10%.
And Fidelity has written down its stake in Snapchat by 25%, raising further questions about the soaring valuations of private technology companies.
And the OECD has trimmed its world growth forecasts and warned that trade was slowing to a pace usually associated with a global recession.
Investors also focused on renewed fears of a slowdown in China, which ended October with a record high trade surplus, with both exports and imports falling.
Nikkei 225 index rose 1.6%, extending gains to touch its highest level in nearly two and a half months, as a weaker yen fuelled risk appetite.
And Italian bank UniCredit is poised to cut up to 12,000 jobs to avoid capital increase.
And Tata Steel has been accused of “bully boy” tactics after demanding its suppliers slash their prices by 30%.
And VW said it will foot the bill for extra taxes incurred by drivers after it admitted understating the CO2 emissions of about 800,000 cars in Europe.