- Bikram Pandey
- 16 Nov, 2011
- New York City
U.S. stocks accelerated the fall in the afternoon after crude oil surged more than 3% and narrowed the spread between two grades. The rising energy prices overshadowed the decline in inflation and a rise in production last month. Italy appointed new government but bond market stress reached France.
- Nichole Harper
- 16 Nov, 2011
- New York City
U.S. stocks pare losses and crude oil jumped above $101 a barrel for the first time in five months. U.S. consumer prices fell in October and industrial production increased at 0.7% in the month. Citigroup, BNP Paribas and Bank of America trim work forces.
- Devan Biswas
- 16 Nov, 2011
- New York City
Stock markets in the European region declined as bond yields remained high. French bonds spread to German bund rose to a record high of 195 basis points. UK jobless rate in third quarter increased to 8.3%. Vivendi lowered annual income outlook.
- Nigel Thomas
- 16 Nov, 2011
- New York City
Japanese stocks declined and Bank of Japan left its key lending rate near zero and held its asset purchase program at $260 billion. Central bank also lowered its economic assessment and highlighted risks emerging from the euro zone.
- Marcus Jacob
- 16 Nov, 2011
- New York City
Stocks in Australia lost momentum in the afternoon on the rising worries in the euro zone. Seasonally adjusted wages in the quarter to September increased 0.7%. BHP Billiton approved the investment in the development of the largest open iron ore mine in Western Australia.
- Bikram Pandey
- 15 Nov, 2011
- New York City
U.S. stocks advanced after retail sales gained and wholesale prices fell. Wal-Mart, Home Depot, TJX and other retailers reported mixed but rising earnings. European sovereign bonds yields rose as fears of contagion spread to core euro zone members.
- Nichole Harper
- 15 Nov, 2011
- New York City
U.S. stocks trade higher after October retail sales rise at 7.2% annual rate and wholesale prices fall at the steepest pace since February 2010. The positive economic data overshadowed the rising debt stress in the euro zone as yield increase in sovereign bonds spread to core euro zone.
- Devan Biswas
- 15 Nov, 2011
- New York City
Confidence crisis deepened as bond yields continue to rise for Italy and Spain. The fear in the euro zone reached more nations after sovereign yields rose for bonds of Belgium, Holland and Austria and French bond yield spreads to German bunds soared to a 20-year high.
- Nigel Thomas
- 15 Nov, 2011
- New York City
The Nikkei index declined for the first time after rising for three days in a row. The continued turmoil in the euro zone, rising inflation in China and ongoing supply disruptions overwhelmed investor sentiment. Sumitomo Mitsui said it will buy back 1.6% of its stock.
- Marcus Jacob
- 15 Nov, 2011
- New York City
Australian stocks eased on the worries that the euro zone volatility will persist for several years as Greece and Italy struggle to control spending and lower borrowing. Commonwealth Bank issued gloomy outlook. Uranium miners surged after Australia lifted exports bans to India.
- Bikram Pandey
- 14 Nov, 2011
- New York City
U.S. indexes eased and declined as much as 1% on the rising worries that the euro may face a heavy selling pressure as Italy battles to implement austerity measures. The euro eased 1% and European markets turned lower after yields on Italian bonds remained elevated.
- Mukesh Buch
- 14 Nov, 2011
- New York City
Bank of America agreed to sell 10.4 billion common shares of China Construction Bank. Warren Buffett said his conglomerate Berkshire bought 64 million shares or 5.6% stake worth $10.7 billion in IBM. Lowe''s third quarter net fell 44.3% to $225 million. VimpelCom third quarter net declined 79%.
- Arthi Gupta
- 14 Nov, 2011
- New York City
The UK indexes declined as Italy and Greece race to implement austerity measures. Irish construction activity fell again in October. Rolls-Royce won a $500 million order from Saudi Arabian Airlines. Lonmin fiscal 2011 revenue rose 26% and net more than doubled.
- Nigel Thomas
- 14 Nov, 2011
- New York City
Stocks in Japan rebounded after economy expanded at 6% annual rate in the second quarter. The surge in exports and an increase in private consumption lifted the growth but the economy is expected to struggle in the year. Tosoh Corp declined after a fire broke out at its plant in Southern Japan.