- Arthi Gupta
- 20 Jan, 2012
- New York City
German annual producer price inflation accelerated in December. French leading economic index declined and consumer spending in the Netherlands eased in November.
- Marcus Jacob
- 20 Jan, 2012
- New York City
Australian stocks traded higher and the benchmark index gained 1% in the week and closed up 4.5% in the year. Australian terms of trade declined from seven decade peak in the fourth quarter after a fall in prices of iron ore, cotton and cereals. Retailers suffered strong decline in sales in 2011.
- Arthi Gupta
- 20 Jan, 2012
- New York City
European markets struggled as investors focused on the difficult negotiations between Greece and international lenders. Hong Kong-based Cathay Pacific agreed to buy six Airbus aircraft for $1.628 billion. ThyssenKrupp said first quarter operating earnings are expected to be lower.
- Bikram Pandey
- 19 Jan, 2012
- New York City
U.S. stocks and indexes gained after eBay, Morgan Stanley, Union Pacific and Bank of America report earnings. Bank of America swung to profit on asset sale and the bank is expected to eliminate 30,000 staff at the end of its restructuring.
- Mukesh Buch
- 19 Jan, 2012
- New York City
Bank of America fourth quarter net swung to $2 billion and Morgan Stanley reported fourth quarter net loss of $275 million. eBay fourth quarter net surged 254% to $1.98 billion. Union Pacific fourth quarter net soared 24% to $964 million.
- Nigel Thomas
- 19 Jan, 2012
- New York City
Stocks in Tokyo traded gained on the strength in construction and resources sectors but traders were cautious ahead of bond offerings in the euro zone and talks between Greece and its lenders. Semiconductor equipment makers and exporters closed higher.
- Arthi Gupta
- 19 Jan, 2012
- New York City
The UK indexes climbed ahead of earnings in financial sector and consumer confidence fell and Irish inflation eased in December. The UK auto production rose 5.8% in 2011. Lloyds is expected to cut 700 jobs in the UK.
- Arthi Gupta
- 19 Jan, 2012
- New York City
The U.S. indexes traded higher on upbeat economic data but housing starts fell to annual rate of 657,000 and consumer prices remained unchanged in December. Weekly jobless claims fell to 352,000. Morgan Stanley swung to loss.
- Arthi Gupta
- 19 Jan, 2012
- New York City
Euro area deficit narrowed in November and the German economy estimated to expand 1% in 2012. Dutch confidence remained flat in January and Norwegian banks tightened credit standards for businesses and consumers in the fourth quarter of 2011.
- Arthi Gupta
- 19 Jan, 2012
- New York City
European markets rose after yields fell at a French bond auction and Spain raised
- Marcus Jacob
- 19 Jan, 2012
- New York City
Australian economy struggled to add new jobs in 2011, its worst annual performance in nearly two decades. The unemployment rate was flat at 5.2% in December after employers cut net 29,300 jobs. Insurance stocks led the decliners in trading today.
- Bikram Pandey
- 18 Jan, 2012
- New York City
U.S. stocks traded higher on the hopes that earnings from industrial and financial services companies will exceed expectations. The World Bank lowered its assessment of global economic outlook and the IMF plans to ask between $500 billion and $1 trillion to combat debt contagion in Europe.
- Nigel Thomas
- 18 Jan, 2012
- New York City
Stocks in Tokyo gained after factory equipment orders increased 15% in November. Tokyo Electric Power said it will increase rates for business customers by 17%.
- Arthi Gupta
- 18 Jan, 2012
- New York City
The UK indexes climbed. The UK jobless rate surged to a record high since 1995. Irish surplus increased in November. BHP Billiton reported record quarterly iron ore output.
- Mukesh Buch
- 18 Jan, 2012
- New York City
Fastenal fourth quarter net soared 34.2% to $87.5 million. Goldman Sachs fourth quarter net declined 56% to $978 million. Charles Schwab fourth quarter net soared 30% to $163 million. U.S. Bancorp fourth quarter net soared 38.6% to $1.3 billion.