- Bikram Pandey
- 30 Nov, 2011
- New York City
Indexes in U.S. and Europe soared more than 3.5% after six central banks coordinated actions to offer more dollar liquidity at lower interest rate. Banks and commodities surged. The Fed
- Nigel Thomas
- 30 Nov, 2011
- New York City
The Nikkei index in Tokyo halted a rally of three days as Japanese banks were included in the latest worldwide downgrade of banks. Shipping companies continued to slide and steelmakers were for the second week in a row. Pioneer Corp surged 7% on the hopes of earnings recovery.
- Mukesh Buch
- 30 Nov, 2011
- New York City
American Eagle third quarter net increased 6.3% to $52.4 million. Jos. A. Bank Clothiers third quarter net rose 19.3% to $15 million. OmniVision second quarter net slipped to $21.1 million. Ralcorp fourth quarter net loss in the quarter swung to $370.1 million.
- Arthi Gupta
- 30 Nov, 2011
- New York City
The UK indexes soared on coordinated central bank action. Normal life paralyzed in Britain after public-sector workers and teachers went on a strike to protest austerity measures. UK housing equity injections rose in the second quarter.
- Arthi Gupta
- 30 Nov, 2011
- New York City
The U.S. indexes soared after central banks of Europe, UK, Canada, Japan and Switzerland took a coordinated actions to ease liquidity crunch and lower rates for dollar swap lines by 50 basis points. U.S. private sector added 206,000 jobs in November. However, mortgage activity declined.
- Arthi Gupta
- 30 Nov, 2011
- New York City
Euro area inflation remained steady but above the central bank target and German unemployment fell in November. France''s consumer spending was flat, the jobless rate in Italy and retail sales in Norway increased. Sweden''s current account surplus rose.
- Arthi Gupta
- 30 Nov, 2011
- New York City
European indexes traded higher after finance ministers in the region sought the help of the ECB and the IMF to increase the fund size to
- Marcus Jacob
- 30 Nov, 2011
- New York City
Australian stocks edged higher and business investments surged at a record pace in sixteen years and mining companies race to complete $232 billion of projects. Home prices declined at a faster pace in Melbourne and Brisbane in October.
- Bikram Pandey
- 29 Nov, 2011
- New York City
Market sentiment was positive after consumer confidence improved in November. The second data economic data after strong retail sales during the holiday weekend lifted spirits on the Wall Street. European leaders struggled to arrange more financing for the rescue fund.
- Nigel Thomas
- 29 Nov, 2011
- New York City
Stocks in Japan closed higher for the second day in a row tracking the strength in international markets. The strength in yen continues to affect the jobs climate. October unemployment rate increased to 4.5% as more people join labor force. Shippers and steelmakers rebound but trade near the lows.
- Marcus Jacob
- 29 Nov, 2011
- New York City
Australian stocks gained for the second day in a row and investors focused on the mid-year budget. The government hopes that the estimated deficit of $37 billion will turn to a surplus in the next year.
- Mukesh Buch
- 29 Nov, 2011
- New York City
AMR Corp. filed voluntary petitions for Chapter 11 for Bankruptcy. Copart fourth quarter net increased 8.8% to $41.1 million. Seagate forecast higher sales for several quarters. Tiffany third quarter net surged 63% to $89.7 million.
- Arthi Gupta
- 29 Nov, 2011
- New York City
The U.S. indexes gained on optimism of a resolution to the European debt crisis. Fitch affirmed its highest rating to the U.S. debt and the decision is questioned by many investors. KKR agreed to acquire Capital Safety for $1.1 billion.
- Arthi Gupta
- 29 Nov, 2011
- New York City
The UK indexes dropped after the growth forecast for the UK economy was lowered. The mortgage approvals for home purchases rose in October and home price growth accelerated in November.
- Arthi Gupta
- 29 Nov, 2011
- New York City
O.E.C.D. area annual inflation eased, French jobless claims increased to record 4.9%, and retail sales in Spain decreased in October. Euro area economic sentiment declined and Belgian inflation rose in November.