- Marcus Jacob
- 10 May, 2012
- New York City
Australian indexes rebounded from the one-month low after April unemployment rate unexpectedly declined to 4.9% as employers add more part time positions. News Corp third quarter net increased 47% and Murdoch family face more resignation calls. Leighton won $800 million infrastructure project in Queensland.
- Arthi Gupta
- 09 May, 2012
- New York City
German manufacturing turnover eased but foreign trade surplus increased to
- Arthi Gupta
- 09 May, 2012
- New York City
The European indexes traded sideways while Greek parties struggle to form a coalition government. Stock markets were calm but Spanish yields rose above 6%. German exports rose unexpectedly in March. Commerzbank, ING, and E.ON quarterly net fell.
- Arthi Gupta
- 08 May, 2012
- New York City
The UK indexes dipped after home prices declined and Irish sentiment improved for the fourth straight month in April. The UK manufacturers estimate exports to soar this year. HSBC quarterly net fell 38%. Thomas Cook agreed to new lending terms.
- Arthi Gupta
- 16 May, 2012
- New York City
U.S. indexes edged higher after housing starts rose in April. GE agreed to acquire Australia-based Industrea in a deal valued at approximately A$700 million and Fairchild International in support of the global expansion of its mining business.
- Arthi Gupta
- 08 May, 2012
- New York City
U.S. indexes edged lower as Greece struggles to form the next government and avoid a default before next bailout disbursement. Electronic Arts net income soared and Direct TV quarterly net gained 9%. However, OfficeMax net was cut by more than half.
- Arthi Gupta
- 08 May, 2012
- New York City
Hungarian output rebounded, Danish surplus declined and Norwegian manufacturing production fell in March. Swedish central government payments surplus in April jumped more than twofold.
- Arthi Gupta
- 08 May, 2012
- New York City
The European indexes slumped as the Greek political deadlock continued. Greece sold
- Nigel Thomas
- 09 May, 2012
- New York City
Stocks in Tokyo traded lower and the Nikkei index fell 1.5% to a new 3-monthl low. In the last ten week the index has dropped 12%. Toyota guided sharply higher operating profit after the close and NTT Data reported lower than expected annual operating income.
- Marcus Jacob
- 09 May, 2012
- New York City
Australian indexes erased three weeks of gains in the last four sessions as Greece and the euro zone regained investors focus. David Jones announced a restructuring charge and Billabong appointed new chief executive. BlueScope completed the repurchase of $300 million private placement notes.
- Bikram Pandey
- 08 May, 2012
- New York City
World markets accelerated the decline after Greek political wrangling reignited fears in the euro zone and the euro edged lower for the seventh day in a row. Indexes in New York and in Europe fell and the Greek benchmark dropped to two decade low.
- Marcus Jacob
- 08 May, 2012
- New York City
Australian budget estimated cash surplus of 0.2% of GDP in the fiscal 2013 as the government attempts to spread the benefits of mining boom to low and middle income families. The budget is expected to return to small surplus of $1.5 billion after four years of deficit.
- Nigel Thomas
- 08 May, 2012
- New York City
Stocks in Tokyo rebounded on bargain hunting and commodities closed higher. Trading houses led the gainers after Mitsubishi Corp reiterated its full year earnings and lifted earnings outlook. Fuji Heavy Industries gained after it estimated 22% increase in sales in the current year.
- Nigel Thomas
- 16 May, 2012
- New York City
Nikkei index in Japan dropped below 8,800 for the first time in two months on the growing worries in the euro zone and more outflows from international funds.
- Marcus Jacob
- 16 May, 2012
- New York City
Australian stocks plunged as the index dropped the most in one day in six months and extended losses in the last two months. The dollar fell to the low of the year. BHP Chairman Jacque Nasser estimated commodities prices are expected fall further and the company may revise its 5-year investment plan of $80 billion.