News by: Himanshu Singh
However, Chinese shares retreat amid disappointing economic data from Beijing.
And banks and Congress blast US President Obama's plan to tax Wall Street and wealthy.
And Infrastructure investment group John Laing is expected to return to the public markets in a flotation that could see it valued at up to £1 billion.
And Goldman Sachs reported lower profits for the fourth quarter, as fixed income trading revenues tumbled.
And Tullow Oil is to book its biggest ever write-off of $2.7 billion before tax after conceding that previous discoveries had no prospect of being profitably developed at current oil prices.
Wall Street suffered its fifth-straight session of declines after corporate earnings disappointed.
A late-afternoon rally, triggered by a rebound in beaten-down oil prices, left the market well off its lows.
And JP Morgan Chase readies for more fines after paying $1 billion in legal fees.
Shares swung between gains and losses as oil fluctuated near the lowest level in five years, while copper plunged further below $6,000 per tonne.
And oil fall continues as Arab states aim to crush US shale production by pushing the price down.
Schlumberger fell 3.9% after the world’s largest oilfield-services provider was cut to neutral from buy at Goldman Sachs.
And UK retail sales endure worst Christmas since 2008 after Black Friday bonanza.
And Shire has agreed to buy US biotech company NPS pharmaceuticals for $5.2 billion deal.
Shares fall amid concern Europe’s stimulus plans may not solve the euro region’s economic woes and after an unexpected decline in American wages.
And pressure on Morrisons’ chief executive mounts as supermarket is poised to reveal it was the worst-performing over Christmas.
And the US has clocked up its best year for job creation since the end of the last century with the number of people in work rising by nearly 3 million in 2014.
And Syrian-based terrorists are planning attacks in the UK similar to the one that killed 12 people at French satirical magazine Charlie Hebdo, a security chief has warned.
The Dow Jones rose 323 points, the S&P 500 gained 36 points and the Nasdaq added 86 points.
And Brevan Howard’s $24 billion flagship hedge fund has reported its first annual investment loss since it was set up 11 years ago.
The S&P 500 rallied the most in three weeks as strong private sector jobs data stoked optimism on the economy.