Asian shares are trading mostly lower, with key benchmark indexes in South Korea and India falling over a percent each, as spillover risks from the euro zone remain and investors fretted about the impact of heightened geopolitical tensions in crude producer Iran.
Meanwhile, the meeting of G20 finance ministers and central bank governors held in Mexico concluded on Sunday, with G20 countries demanding Europe to strengthen its bailout fund before leading economies provide extra support to raise the resources of the International Monetary Fund. The meeting of Eurozone ministers to be held in March will decide about boosting the region's firewall.
In corporate news, Lufthansa AG canceled 140 of today's flights, mainly short and medium-haul journeys, as Frankfurt Airport's ground controllers are resuming a new three-day strike over a pay dispute.
A civil trial on oil giant BP's Deepwater Horizon Multi-District Litigation 2179 has been adjourned by one week until March 5 to allow BP and plaintiffs lawyers more time to continue settlement discussions and attempt to reach an agreement.
The Bloomberg reported, citing people familiar with the talks, that BP and the plaintiffs are discussing a $14 billion settlement deal to fairly compensate people and businesses affected by the Deepwater Horizon accident and oil spill.
Drug discover and development firm e-Therapeutics Plc has announced the opening of a new drug discovery centre at Long Hanborough near Oxford by U.K.'s Prime Minister, David Cameron.
Swedish paper and hygiene products maker Svenska Cellulosa Aktiebolaget said it has made a binding offer to acquire the Taiwan-based hygiene products firm Everbeauty for about SEK 1.9 billion or $290 million on a debt-free basis.
European stocks rallied in the final hour of Friday's session, ending a choppy week in positive territory despite concerns about the region's economy. The Euro Stoxx 50 index of eurozone bluechip stocks advanced 0.6 percent but the Stoxx Europe 50 index, which includes some major U.K. companies, edged down marginally. Around Europe, the German DAX rose 0.8 percent and France's CAC 40 gained 0.6 percent, while the U.K.'s FTSE 100 slipped marginally and Switzerland's SMI eased 0.3 percent.
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european stocks market feb 27 2012, German DAX feb 27 2012, Euro Stoxx 50 index feb 27 2012, FTSE 100 futtures feb 27 2012, France's CAC 40 february 27 2012, eurozone bluechip stocks feb 27 2012, For the latest updates PRESS CTR + D or visit Stock Market news Today
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