Europe stocks fluctuate, Asian shares close higher - WAOW - Newsline 9, Wausau News, Weather, Sports

Europe stocks fluctuate, Asian shares close higher


BEIJING (AP) -- Stocks in Europe have been fluctuating today. Investors are skeptical that Greece and its European creditors will find a quick deal to solve the country's debt problems at a meeting today in Brussels.

Eurozone finance ministers are considering Greece's proposal for short-term "bridge financing" without some of the harsh terms that were previously imposed on the country. The financing would be designed to last until a longer-term solution to Greece's crushing debt is found.

Stocks in Asia earlier today closed higher after news that Japan had emerged from recession. Still, growth in the last quarter fell short of what many forecasters had expected.

The numbers released today showed that the world's third-largest economy grew at a 2.2 percent annualized rate in the three months ending in October, boosted by exports and public spending.

Oil prices are up slightly. U.S. benchmark crude rose 23 cents to about $53 a barrel in electronic trading on the New York Mercantile Exchange.

Stock markets are closed today for the Presidents' Day holiday.

Powered by Frankly