- Arthi Gupta
- 11 May, 2012
- New York City
U.S. indexes edged lower after JP Morgan announced a $2 billion trading loss. The producer price index fell 0.2% in April. The International Energy Agency lifted its global oil demand forecast. Panasonic reported net loss and Sony estimated lower than expected net in the current fiscal year.
- Marcus Jacob
- 15 May, 2012
- New York City
Australian stocks eased on the growing confirmation that the euro zone is sliding into a recession and Greece is likely to face another parliamentary election as early as next month. Resources linked stocks declined and gold and energy stocks led the losers.
- Arthi Gupta
- 11 May, 2012
- New York City
German and Spanish inflation rose but Swedish jobless rate remained unchanged in April. French manufacturing industry estimated investment growth at 6% this year.
- Arthi Gupta
- 11 May, 2012
- New York City
The European indexes edged lower after the European Commission said Spain
- Nigel Thomas
- 14 May, 2012
- New York City
The benchmark index Nikkei closed up but the Topix declined for the fourth day in a row. Index losses were limited after China eased bank reserve requirements for the third time in six months.
- Arthi Gupta
- 10 May, 2012
- New York City
The UK indexes gained. The BoE policymakers retained the size of quantitative easing and interest rate unchanged. The UK production fell but manufacturing output rose in March. Irish inflation eased to 15-month low in April.
- Marcus Jacob
- 14 May, 2012
- New York City
Australian stocks gained as miners edged lower and the dollar fell to a new low in five-months and declined below parity with the greenback. The declined after comments from the central bank official indicating weak long term growths in Australian economy outside the mining sector.
- Arthi Gupta
- 10 May, 2012
- New York City
U.S. indexes rose after weekly jobless claims fell 1,000 to 367,000, trade deficit widened more than estimated in March but import prices fell in April. Coty revised its offer for Avon Products with the help of Berkshire Hathaway financing. Cisco drops after revenues grow less than expected.
- Nigel Thomas
- 11 May, 2012
- New York City
Tokyo stocks declined for the third day in a row and the Nikkei index dropped 4.6% at the close of the week, the largest weekly loss in four years. Investors sold stocks linked to China after the latest batch of economic data signalled healthy but slowing economic growth.
- Marcus Jacob
- 11 May, 2012
- New York City
Australian stocks closed lower and suffered the largest weekly loss in seven months. China reported slowing but still healthy industrial production, retail sales and a steady inflation. Australian importers curb the purchase of online apparel by Australians on overseas websites.
- Arthi Gupta
- 10 May, 2012
- New York City
Greek jobless rate rose to 21.7% in February, French manufacturing output unexpectedly rose and Spanish home transfers declined in March. Czech annual inflation eased and jobless rate dropped in April.
- Arthi Gupta
- 10 May, 2012
- New York City
The European indexes edged lower after the Greek political turmoil intensified and the nation is heading for another snap election in less than two months. The European Financial Stability Facility confirmed the release of
- Arthi Gupta
- 09 May, 2012
- New York City
The UK indexes dropped 1% tracking losses in Europe as Greece struggles to form a new government and the prospect of another election looms large. Retail sales in the UK fell in April. GlaxoSmithKline planned to take its hostile $2.6 billion bid for U.S.-based Human Genome Sciences to shareholders.
- Arthi Gupta
- 09 May, 2012
- New York City
U.S. and global indexes edged lower as Greek leaders struggle to form a new government. Political chaos in Greece raised concerns that the nation may cancel its bailout terms and may head for another election in the next six weeks. Toyota net and sales rose in the fourth quarter.
- Nigel Thomas
- 10 May, 2012
- New York City
Stocks in China declined on the ongoing political turmoil in the euro zone and losses were trimmed after Toyota Motor announced net sales in the current fiscal year to increase 18%. China reported less than expected foreign trade growth and is scheduled to release more economic data on Friday.