- Arthi Gupta
- 15 Dec, 2011
- New York City
The U.S. indexes gained after weekly jobless claims fell to 366,000, producer price index rose 0.3% and foreclosure filings declined 14% in November. Lam Research agreed to acquire Novellus for $3.3 billion and Fujifilm agreed to buy SonoSite for $995 million.
- Nigel Thomas
- 15 Dec, 2011
- New York City
Stocks in Tokyo extended losses after the latest quarterly survey of big businesses showed a fall in confidence. Large businesses also plan to cut capital expenditure in the quarter ahead. Ocean freight companies dropped to the lows of the year after rates fell on the Asia-Europe route.
- Arthi Gupta
- 15 Dec, 2011
- New York City
Employment in the euro area fell in the third quarter. German private sector improved but French private sector output stagnated in December. Swedish unemployment rate dropped in November to 6.7% and Dutch jobless rate held at 5.8%.
- Marcus Jacob
- 15 Dec, 2011
- New York City
Australian stocks extended losses for the third day in a row as commodities plunged in Asian markets. Silver tumbled 8%, copper fell more than 6% and gold declined 5%. Australian banks reiterate their lack of willingness to pass on future rate hikes as profits soar to record high.
- Arthi Gupta
- 15 Dec, 2011
- New York City
European indexes gained after Spain raised
- Bikram Pandey
- 14 Dec, 2011
- New York City
Market indexes in New York traded lower for the third day in a row as bond market yields rose in Europe and the euro declined. The S&P 500 index dropped nearly 4% in the week as the euro retreated more than 3%. Oil plunged 5%, silver tumbled 8% and gold dropped $93 an ounce.
- Nigel Thomas
- 14 Dec, 2011
- New York City
Nikkei index Japan eased as markets in Asia fell and commodities eased. Revised financial statements from Olympus showed that the company was solvent in each of the last five year period, avoiding worst fears of investors. Nexon, the online gaming company raised $1.2 billion in a public offering.
- Arthi Gupta
- 14 Dec, 2011
- New York City
The UK indexes declined after unemployment increased to a 17-year high in the three months to October. Thomas Cook fell 3% after reporting an annual pre-tax loss. Wm Morrison planned to create more than 7,000 new jobs in 2012 and Logica plc plans to restructure and eliminate 1,300 jobs.
- Arthi Gupta
- 14 Dec, 2011
- New York City
The U.S. indexes futures fell and the mortgage and refinancing activity rose 4.1% in the previous week. Coca-Cola agreed to buy half of the equity in a Middle East based beverage business for $980 million. Joy Global quarterly net surged 33%.
- Marcus Jacob
- 14 Dec, 2011
- New York City
Australian benchmark indexes closed nearly flat and the dollar briefly traded below parity. Mining and energy stocks generally closed higher. Rio Tinto said it has no immediate plans to increase its stake in Canada based Ivanhoe Mines. Westpac chief indicated future rate cuts may not be passed on.
- Arthi Gupta
- 14 Dec, 2011
- New York City
Euro area industrial production declined in October and a private survey lowered German growth outlook for this year and 2012. Portuguese inflation eased and Swiss producer and import prices declined in November.
- Arthi Gupta
- 14 Dec, 2011
- New York City
European indexes edged lower after the U.S. Federal Reserve left key rate near zero and did not announce new stimulus measures. The Italian Treasury sold
- Bikram Pandey
- 13 Dec, 2011
- New York City
World markets were in a holding pattern as the European banks sell assets to meet revised capital guidelines. Greece is expected to extend recession to the fifth year in 2012 as construction industry collapses. U.S. retailers and consumer spending linked stocks traded lower.
- Nichole Harper
- 13 Dec, 2011
- New York City
U.S. stocks traded sideways ahead of the Fed statement this afternoon and retail sales in November rose at the slowest month since June. Best Buy dropped 12% after the electronics retailer reported weaker sales and 29% fall in earnings.
- Devan Biswas
- 13 Dec, 2011
- New York City
European markets traded sideways as several of fiscal compact agreement provisions went effective today. Yields on Italian, Spanish and Irish bonds closed higher. Greece deficit is expected to exceed its target as tax collection lags and economy faces recession for the fourth year in a row.