- Arthi Gupta
- 09 Jan, 2012
- New York City
The UK indexes tracked lower on the weak market sentiment in Europe. Financial sector revenues grow at a record pace in since 2007. Royal Bank of Scotland planned to sell its global cash equities business.
- Arthi Gupta
- 09 Jan, 2012
- New York City
The U.S. indexes traded sideways. Bristol-Myers agreed to acquire Inhibitex for $2.5 billion. InfoSpace signed an agreement to acquire TaxACT for $287.5 million. After the close, Alcoa is expected to release fourth quarter earnings that are likely to be weaker.
- Marcus Jacob
- 09 Jan, 2012
- New York City
Australian stocks and indexes closed flat after new home sales rose 6.8% in November and October sales increase was lowered to 2.8%. Retail sales in November were flat after rising for four months in a row. The dollar edged lower.
- Arthi Gupta
- 09 Jan, 2012
- New York City
Euro area investor confidence improved in January after weakening for five months in a row. The French trade deficit narrowed and German industrial output dropped in November. Swiss jobless rate increased in December.
- Arthi Gupta
- 09 Jan, 2012
- New York City
The European indexes traded lower after Germany sold
- Bikram Pandey
- 06 Jan, 2012
- New York City
U.S. stocks traded sideways and banks and home builders were in focus. For the week the S&P 500 index added 1% and the Nasdaq increased 2.2%. European markets generally closed higher in the week and bond yields rose ahead of Italian and Spanish debt auctions. Crude oil traded near $102 a barrel.
- Arthi Gupta
- 06 Jan, 2012
- New York City
The UK indexes gained but home prices and new car registration fell in December. The UK home prices declined 0.9% and new car registrations declined 4.4% in 2011. The LSE Group reported a fall in trading in December.
- Arthi Gupta
- 06 Jan, 2012
- New York City
The U.S. indexes edged higher after the economy added 200,000 net new jobs and the unemployment rate declined to 8.5% in December. Japan-based Marubeni acquired 35% stake in Eagle Ford Shale. The euro faced more headwinds as Spanish and Italian bonds yields rise.
- Nigel Thomas
- 06 Jan, 2012
- New York City
Stocks in Tokyo trading declined as volume rebounded ahead of three-day weekend. The Nikkei declined 1.2% and the Topix index fell 0.9%. For the week, the Nikkei fell 0.9% and Topic gained a fraction. Panasonic plans to sell its stake in JVC Kenwood. Japan Bridge soared 19%.
- Arthi Gupta
- 06 Jan, 2012
- New York City
European indexes climbed the wall of worries after Spain estimated
- Marcus Jacob
- 06 Jan, 2012
- New York City
Australian stocks edged lower after material prices declined on the rising worries in the euro zone after yields rose in the latest French debt auction. Suncorp declined after it reported higher than estimated natural disaster cost in the six month period to December.
- Bikram Pandey
- 05 Jan, 2012
- New York City
Stocks in New York traded sideways after the release of mixed jobs data but the euro zone worries weighed on the market sentiment. Retailers were in focus after December same store sales were weaker than expected. Monsanto, MetroPCS and Barnes & Noble led the decliners.
- Nigel Thomas
- 05 Jan, 2012
- New York City
Stocks in Tokyo trading declined on the fresh worries related to the euro zone and the growing consensus that the yen may remain strong against the euro and dollar in 2012. Steelmakers declined and TonenGeneral extended losses for the second day.
- Arthi Gupta
- 05 Jan, 2012
- New York City
The UK indexes declined after lower than expected demand for the French debt auction held today. The UK government said gross reserves fell, service sector growth accelerated and Ireland reported unemployment rate decreased in December.
- Arthi Gupta
- 05 Jan, 2012
- New York City
The U.S. indexes futures dropped on the ongoing euro area debt worries with no end in sight. Employment in the U.S. private sector expanded in December and weekly jobless claims fell to 372,000, Consumer price inflation in the OECD area eased in November.