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Global Markets Update: Banks Lead Gains on European Markets

Mon 23 Jan 12 | 05:10 AM ET
US futures point to Wall Street retreating 0.4 per cent from a six-month peak. European shares rose on a rally in banks boosted by a report saying that France and Germany are calling for a relaxation of global bank capital rules. Asian shares and the euro paused from last week's rally on Monday as investors sweated on the progress of crucial Greek talks on a debt swap deal to avoid a default, while activity was subdued due to the Lunar New Year holiday in much of Asia.
 
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