- Arthi Gupta
- 05 Apr, 2012
- New York City
U.S. indexes traded lower despite weekly jobless claims drop to 4-year low and bond yields in Europe rose for the second day in a row. ConocoPhillips approved spin-off of its downstream businesses.
- Arthi Gupta
- 05 Apr, 2012
- New York City
The European indexes pared gains after UK manufacturing and German industrial output fell in February. France sold
- Nigel Thomas
- 05 Apr, 2012
- New York City
Trading sentiment in Tokyo was cautious after sovereign bond yields began to rise in Europe and commodities prices eased in international markets. The yen gained against the dollar and euro. Point Inc dropped 3% after the clothing retailer reported 19% decline in operating income.
- Marcus Jacob
- 05 Apr, 2012
- New York City
Australian stocks fell on the last day of trading this week and the dollar eased for the fifth week in a row. Gold and copper decreased more than 2%. The number of businesses closing rose to a record high in February.
- Bikram Pandey
- 04 Apr, 2012
- New York City
U.S. stocks accelerated their declines in early afternoon and the Nasdaq dropped 1.7%. Banks, technology and industrials fell after the Fed took a wait and see approach and bond yields in Europe began rising again. Gold dropped 3% and oil declined 2%.
- Mukesh Buch
- 04 Apr, 2012
- New York City
Monsanto second quarter sales rose 15% and net surged 26% to $1.21 billion and the company lifted full year forecast. MSC Industrial second quarter net soared 21%. SanDisk lowered first quarter guidance on weak pricing and demand. Walgreen March sales fell.
- Arthi Gupta
- 04 Apr, 2012
- New York City
U.S. indexes dropped more than 1% despite private sector added more than 200,000 jobs in March and bond yields perked up in Europe. 3G Capital sold 29% stake in Burger King for about $1.4 billion. SanDisk lowered first quarter revenue guidance.
- Arthi Gupta
- 04 Apr, 2012
- New York City
The European indexes slumped after sovereign bond yields resumed the advance. The ECB held rates unchanged for the fourth straight month in April. Spain raised
- Nigel Thomas
- 04 Apr, 2012
- New York City
Stocks in Tokyo dropped sharply and the Nikkei index declined below 10,000 for the first time in three weeks as investor sentiment reversed. Fast Retailing plunged 6% after the largest apparel retailer reported less than expected 5.1% same store sales increase.
- Marcus Jacob
- 04 Apr, 2012
- New York City
Australian exports declined 2% in February to $24.4 billion and imports fell 4% to $24.9 billion as consumers and businesses held back purchases. The dollar declined to a two-month low on the prospect of a rate cut next month.
- Bikram Pandey
- 03 Apr, 2012
- New York City
U.S. stocks declined, bond yield rose and the dollar gained after the latest Fed minutes of meeting showed no commitment for new monetary stimulus. Chrysler led March auto sales as small cars drive the industry sales rebound.
- Arthi Gupta
- 03 Apr, 2012
- New York City
The UK indexes edged lower and construction sector activity rose to a 21-month high in March. Cairn Energy agreed to buy Norway-based Agora Oil & Gas AS for $450 million.
- Arthi Gupta
- 03 Apr, 2012
- New York City
U.S. indexes declined after factory orders rose less than estimated in February. Auto industry is likely to increase its annual sales target of 14 million in the year. Illumina urged shareholders to reject Roche offer. Dell agreed to acquire Clerity Solutions.
- Nigel Thomas
- 03 Apr, 2012
- New York City
Stocks in Tokyo edged lower and declined in six of the last ten sessions. The yen strengthened to a 3-week high as Japanese multinationals repatriate profits to rebuild domestic operations.