This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Deal: Europe, Asia Rise as U.S. Edges Closer to Debt Deal

Stocks in this article: AZN AAPL

LONDON (The Deal) -- European and Asian stocks edged higher Tuesday on hopes that the U.S. will solve its budget impasse before the Oct. 17 deadline for Congress to raise the country's debt ceiling or risk default.
In Germany, the Dax was up 0.55% at 8,771.96 as European Union finance chiefs declared they had slain the sovereign-debt dragon, with both Ireland and Spain on track to dispense with aid.
The Cac 40 in Paris was up 0.52% at 4,244.91 and in London the FTSE 100 was up 0.68% at 6,551.61.
Shares in Royal Mail rose for the third consecutive day as full trading began. The stock was up almost 2% at 484.25 pence ($7.73) and is now trading up 47% higher than its 330 pence IPO price on Friday.
Clothing maker Burberry fell 4.7% to 1,510 pence on news that its highly regarded CEO, Angela Ahrendts, will leave to become a senior vice president at Apple (AAPL). Her replacement is Christopher Bailey, who will also retain his role as creative director.
Drugmaker AstraZeneca (AZN) crept up 0.7% after it announced a deal worth up to $440 million to buy private equity-backed oncology specialist Spirogen.
In Zurich, shares in Swiss Re climbed Sfr0.45 to Sfr76.60 ($83.75) on a report that it may sell its Hartford, Conn.-based Aurora National Life Assurance unit, potentially raising more than $400 million.
The Nikkei 225 in Japan closed up 0.26% at 14,441,54 and the Hang Seng in Hong Kong gained 0.51% to 23,336.52, led by retailer China Resources Enterprise.
Chinese and U.K. officials agreed on a deal that will introduce direct trading between the renminbi and the pound and make London the European hub for trading in the Chinese currency. British Chancellor of the Exchequer George Osborne is also expected to announce a relaxation of regulatory requirements for Chinese banks operating in the U.K. The initiatives stem from a trade visit by officials including Osborne and London Mayor Boris Johnson.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs