US: U.S. stocks rose, extending the market's first weekly gain of the year, as odds increased that the Federal Reserve will cut its benchmark lending rate by half a percentage point this week to prop up the economy.
Europe: European stocks retreated, led by commodity producers and banks, on growing concern global economic growth is slowing and companies may report more losses linked to subprime mortgages.
Asia: Asian stocks fell, with the region's benchmark set for its biggest monthly decline since September 2001, on concern the world's two largest economies are slowing. Mitsubishi UFJ Financial Group Inc. led Japanese banks lower after Goldman, Sachs & Co. said the nation is probably in a recession.
Commodities: Crude oil was little changed amid speculation that the U.S. Federal Reserve will cut interest rates this week to spur economic growth in the world's biggest energy consuming country. Gold rose to a record $929.80 an ounce in New York as the dollar fell against the euro, enhancing the metal's appeal as an alternative investment.
Currencies: The dollar fell to the lowest level against the euro in almost two weeks as traders increased bets that the Federal Reserve will cut the target lending rate by a half-percentage point on Jan. 30 to prevent a U.S. recession.
Source: Bloomberg
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