Belmopan News (Belize, Belize)

European stock indexes rose, putting an end to the biggest three-day drop in almost two months, in expectation of the Federal Reserve’s upcoming annoucements.

The Japanese government signaled that it is prepared to continuously intervene to ward off speculators from buying the yen after the national currency’s appreciation forced Japanese companies from Panasonic to Honda to lower their revenue forecasts

European stocks fell as they corrected after the largest monthly growth since July 2009, as some investors again started to buy stocks before Euro zone leaders had a chance to explain how they will pay for the expansion of the region’s rescue fund.

The dollar and the yen led the week’s drop against most major currencies, as the global rally that began on the stock markets on Thursday dampened demand for safe-haven assets.

Responding to global pressure to do take action on the region’s financial crisis, European leaders have convinced bondholders to accept a 50% loss on Greek debt and increased the volume of the EFSF to 1 trillion Euros ($1.4 trillion).

Durable goods orders fell in September after the drop in orders from aircraft manufacturers neutralized the successes of such companies as Caterpillar Inc (CAT), which show increasing production thanks to their expansions to overseas markets.

The Euro lost its earlier gains from a five-day upward trend against the dollar and German 10-year bonds rose while the majority of European stocks fell ahead of tomorrow’s EU summit.

European leaders are about halfway along in the marathon decision-making process that is intended to put an end to the debt crisis.

Futures on Japanese and Australian stocks rose together on the back of speculation that European governments are reviewing expanding the EFSF to $1.3 trillion in order to deal with the region’s debt crisis.

Builders laid the foundation of more houses in the US in September than had been predicted.

The quarterly profit for the company Apple Inc (AAPL) did not meet investor expectations for the first time in at least six years; the company’s shares fell at the end of trading.

The plan to increase Europe’s stabilization fund, which is based on guarantees on part of the debt of problematic Euro zone countries, is threatening France with a downgrade of its credit rating.

The Group of 20 finance ministers and the heads of central banks conducted negotiations last weekend in Paris and approved part of an urgent plan to avoid a Greek default and increase banks’ liquidity.

Yesterday, after the close of trading in New York, Google (GOOG), the world’s most popular search engine, reported a growth in sales and profit which exceeded estimates.