- Nigel Thomas
- 13 Dec, 2011
- New York City
The benchmark index in Tokyo declined 1.2% after investors reassessed the EU summit fiscal compact failed to produce immediate steps to contain debt contagion. Honda declined on the worries that it may lower its annual earnings outlook. Olympus is set to file revised financial statements.
- Marcus Jacob
- 13 Dec, 2011
- New York City
Australian exports of commodities in the current fiscal year is estimated to increase 15% to $206 billion on 13% increase in iron ore and 14% rise in thermal coal exports. Stocks edged lower on the euro zone worries and a weakness in the international markets.
- Bikram Pandey
- 12 Dec, 2011
- New York City
U.S. indexes turned lower and dropped by 2% in the late afternoon after investors had second thoughts about the last week summit of European leaders. Chipmakers were on the decline after Intel lowered fourth quarter revenue outlook.
- Nichole Harper
- 12 Dec, 2011
- New York City
U.S. indexes dropped nearly 2% after investors focused on the details of the fiscal compact that was agreed last week at the summit of the European Union nations. Market decline was accelerated after a rating agency said it will review sovereign debt ratings of EU nations.
- Devan Biswas
- 12 Dec, 2011
- New York City
European markets scaled back after investors focused on the immediate euro zone crisis. The decline in indexes was also accelerated after a ratings agency said it will review the ratings of the European Union nations. ThyssenKrupp agreed to sell its super yacht business.
- Nigel Thomas
- 12 Dec, 2011
- New York City
Stocks in Japan rebounded after falling for the last two trading sessions. The Nikkei index gained on the rising resources and exports sensitive stocks. Olympus jumped 8% as the company confirmed its plan to file revised financials by Wednesday.
- Marcus Jacob
- 12 Dec, 2011
- New York City
Australian stocks gained following a rally in resource and banking sectors. The benchmark index added more than 1% after European leaders pledged to meet tighter fiscal and financial guidelines.
- Bikram Pandey
- 09 Dec, 2011
- New York City
U.S. stocks rebounded and indexes jumped more than 1.6% and energy and metals advanced. Consumer sentiment improved and rally broadened in the late afternoon on positive earnings and on the third deal of more than $1 billion in as many weeks. Asian markets are set to open higher.
- Nichole Harper
- 09 Dec, 2011
- New York City
Banks rebounded on the hopes that the European Central Bank will expand its bond buying program. Blue Coat Systems soared 44% after agreed to go private for $1.3 billion. Cooper Companies jumped 18% after it offered positive outlook for the year.
- Nichole Harper
- 09 Dec, 2011
- New York City
Market indexes in New York rebounded after an agreement among the euro zone leaders and a rise in consumer sentiment. The positive sentiment lifted stocks of banks and industrials and the dollar held firm. Pall Corp soared on earnings and Blue Coat Systems agreed to go private for $1.3 billion.
- Devan Biswas
- 09 Dec, 2011
- New York City
European markets closed higher in a cautious trading after European leaders said they agreed on tougher debt and fiscal measures to avoid the repeat of debt crisis. The agreement was welcomed by the European Central Bank but no concrete steps were announced. Daimler AG gained and K+S declined.
- Arjun Dave
- 09 Dec, 2011
- New York City
European leaders agreed to a fiscal pact that will limit government spending and budget deficits to targets that are set and monitored by a central authority in the region with the enforcement powers. UK opposed the treaty changes but the euro zone nations and six other members agreed.
- Nigel Thomas
- 09 Dec, 2011
- New York City
Markets in Tokyo and in Asia closed lower and trading volume surged on the settlements of derivatives contracts. The Cabinet Office lowered the fiscal second quarter annualized economic growth to 5.6% from 6%. Exporters fell on the ongoing euro zone worries.
- Marcus Jacob
- 09 Dec, 2011
- New York City
Australian stocks closed sharply lower after European leaders haggled to implement fiscal compact and treaty changes. The decline in inflation in China also dragged market indexes to a low for the month. For the week the benchmark ASX 200 index dropped 2%.
- Bikram Pandey
- 08 Dec, 2011
- New York City
Market indexes in New York closed lower as European leaders gather to find a solution to the growing debt contagion. Market mood soured after the European Central bank did not expand its sovereign bond purchase program. Banks in Europe also need to raise more capital. Initial jobless claims declined