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![Euro, shares fall as German economy shrinks](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Euro, shares fall as German economy shrinks
There was more bad news from Europe overnight, with data showing the German economy contracted in the last quarter.
![World shares up as China, Alcoa fuel hope](/pf/resources/images/placeholders/placeholder_l.png?d=793)
World shares up as China, Alcoa fuel hope
Equities in Europe and on Wall Street advanced overnight and so did commodities, as data showed China's import growth last month eased to the lowest level in two years.
![Kiwi may rise to record high against euro](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Kiwi may rise to record high against euro
Currency strategists expect the Kiwi dollar may set a record high against the euro this week.
![Dollar gains to near record high against euro](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Dollar gains to near record high against euro
The kiwi dollar has risen against the euro to near the highest level since 2002.
![2011: World stories that defined a year](/pf/resources/images/placeholders/placeholder_l.png?d=793)
2011: World stories that defined a year
Gwynne Dyer looks back at 2011's global events, from the Arab Spring to the euro crisis and climate change.
![World markets rally on US housing, Spanish bond news](/pf/resources/images/placeholders/placeholder_l.png?d=793)
World markets rally on US housing, Spanish bond news
Stocks in Europe and the US rallied overnight, with a big jump in US housing starts, good German business confidence and a healthy appetite for Spanish debt.
![EU woes linger over world markets](/pf/resources/images/placeholders/placeholder_l.png?d=793)
EU woes linger over world markets
Worries over the fate of the euro and the EU's member states continue to drag on the single currency and equities in Europe and on Wall Street.