- Arthi Gupta
- 10 Jan, 2012
- New York City
The UK indexes traded higher after banking and mining stocks rose and retail sales improved but home prices continued to fall in December. Irish manufacturing output declined in November.
- Arthi Gupta
- 10 Jan, 2012
- New York City
The U.S. indexes gained on the earnings optimism and Alcoa kicked off earnings season with a loss. Banks were in focus ahead of earnings next week. Chinese trade surplus increased to $16.5 billion in December.
- Nigel Thomas
- 10 Jan, 2012
- New York City
Stocks in Tokyo traded higher on the first day of trading after a 3-day weekend. Resources linked stocks traded higher but banks and insurance stocks faced headwinds. The yen rose to a 11-year high against the euro.
- Arthi Gupta
- 10 Jan, 2012
- New York City
Manufacturing turnover in Germany eased, French industrial production rose, but retail sales in Denmark decreased in November. Swedish December budget deficit was lower than estimated by the debt office.
- Marcus Jacob
- 10 Jan, 2012
- New York City
Australian stocks advanced on the earnings optimism in the resource sector and residential buildings approvals increased 8.4% in November. Pacific Brands soared 14% after it received unsolicited takeover offer from the U.S. based leveraged buyout firm KKR.
- Arthi Gupta
- 10 Jan, 2012
- New York City
European markets traded higher on the positive earnings outlook in the resource sector but UniCredit SpA struggled to raise capital. The Netherlands raised
- Bikram Pandey
- 09 Jan, 2012
- New York City
U.S. stocks traded retained mild positive tone ahead of the start of the earnings season and European leaders staged yet another round of meetings to discuss debt crisis in the region. Swiss central bank resigned after a public outcry over his private currency trades.
- Mukesh Buch
- 09 Jan, 2012
- New York City
Acuity Brands first quarter net increased 23% to $29.9 million. Bristol-Myers Squibb acquired Inhibitex for $26 per share. Motorola Mobility estimates fourth quarter sales of $3.4 billion. Schnitzer Steel said first quarter net tumbled to $7 million.
- Arthi Gupta
- 09 Jan, 2012
- New York City
The UK indexes tracked lower on the weak market sentiment in Europe. Financial sector revenues grow at a record pace in since 2007. Royal Bank of Scotland planned to sell its global cash equities business.
- Arthi Gupta
- 09 Jan, 2012
- New York City
The U.S. indexes traded sideways. Bristol-Myers agreed to acquire Inhibitex for $2.5 billion. InfoSpace signed an agreement to acquire TaxACT for $287.5 million. After the close, Alcoa is expected to release fourth quarter earnings that are likely to be weaker.
- Marcus Jacob
- 09 Jan, 2012
- New York City
Australian stocks and indexes closed flat after new home sales rose 6.8% in November and October sales increase was lowered to 2.8%. Retail sales in November were flat after rising for four months in a row. The dollar edged lower.
- Arthi Gupta
- 09 Jan, 2012
- New York City
Euro area investor confidence improved in January after weakening for five months in a row. The French trade deficit narrowed and German industrial output dropped in November. Swiss jobless rate increased in December.
- Arthi Gupta
- 09 Jan, 2012
- New York City
The European indexes traded lower after Germany sold
- Bikram Pandey
- 06 Jan, 2012
- New York City
U.S. stocks traded sideways and banks and home builders were in focus. For the week the S&P 500 index added 1% and the Nasdaq increased 2.2%. European markets generally closed higher in the week and bond yields rose ahead of Italian and Spanish debt auctions. Crude oil traded near $102 a barrel.
- Arthi Gupta
- 06 Jan, 2012
- New York City
The UK indexes gained but home prices and new car registration fell in December. The UK home prices declined 0.9% and new car registrations declined 4.4% in 2011. The LSE Group reported a fall in trading in December.