- Nigel Thomas
- 27 Sep, 2011
- New York City
Stocks in Japan rebounded following a rally in Asian markets. The optimism linked to the euro zone progress in containing the widening debt contagion and the last day to purchase stocks to receive first half dividend also supported the indexes.
- Marcus Jacob
- 27 Sep, 2011
- New York City
The Australian benchmark index soared 3.6% after falling for three days in a row. The rally in Australian and in the wider Asian markets was supported on the speculation that the euro zone leaders are close to finalizing the rescue fund details. CP2 won approval of 80% ConnectEast shareholders.
- Bikram Pandey
- 26 Sep, 2011
- New York City
U.S. markets shot up following markets in Europe on the hopes that European policymakers will are close to containing the Greek debt crisis. The speculation on both sides of Atlantic drove more than 2% on the imminent steps to pump more liquidity in the banks and contain Greek crisis.
- Devan Biswas
- 26 Sep, 2011
- New York City
U.S. indexes attempted a rebound after a week of decline. Commodities traded mixed and oil rose 1.5%. New home sales declined in August and median prices fell. European markets closed higher on the hopes Greek crisis may be contained and Asian markets extended losses.
- Nigel Thomas
- 26 Sep, 2011
- New York City
Stocks in Japan extended losses after a 3-day weekend. The yen edged higher and trading companies led the decliners. Commodities traded lower. Nippon Electric Glass fell after it lowered its fiscal first half outlook.
- Marcus Jacob
- 26 Sep, 2011
- New York City
Australian stocks extended losses for the third day in a row and markets in Asia declined. The ongoing turmoil in the euro zone is dampening the prospects of higher exports in Europe. Commodities prices declined sharply for the third day with gold trading 15% lower in seven days of trading.
- Arthi Gupta
- 29 Sep, 2011
- New York City
German unemployment declined, European new commercial vehicle sales soared, and Hungarian producer prices fell in August. Euro-zone retail sales dropped for the fifth consecutive month and Spanish inflation rose in September.
- Arthi Gupta
- 29 Sep, 2011
- New York City
The European indexes gained after German lawmakers agreed to expand the bailout fund. Italy sold
- Bikram Pandey
- 23 Sep, 2011
- New York City
The U.S. indexes struggled to stay positive and lost more than 5.3% in the week. Gold plunged $101.90 or 5.9% and lost 9.7% in the week and silver tumbled 18%, largest one day loss in 27 years. Investors dumped stocks in Europe and Asian markets decreased.
- Devan Biswas
- 23 Sep, 2011
- New York City
U.S. stocks rebounded after a two-day selloff that knocked off 7% from indexes. U.S. Treasury yield on 10-year bond increased to 1.77% and the dollar edged higher. Greece remained in focus in European trading. Hewlett Packard declined after investors disagreed with the appointment of Whitman.
- Mukesh Buch
- 23 Sep, 2011
- New York City
Cintas first quarter net earnings increased 12% to $68.6 million. Cavium update financial outlook for third quarter. NIKE first quarter net income increased 15% to $645 million. Mosaic first quarter net earnings surged 77% to $526 million. TriQuint lowered its third-quarter earnings outlook.
- Devan Biswas
- 23 Sep, 2011
- New York City
European markets dropped for the third day in a row after a joint statement from G20 nations failed to offer any specific new initiatives. The fire storm of talks in Washington among policymakers and world finance leaders has failed to convince world markets.
- Marcus Jacob
- 23 Sep, 2011
- New York City
Australian stocks extended losses for the second day in a row and declined 5.7% in the week and fell 8% in the month. The G20 statement failed to convince world markets and indexes in Asia declined.
- Bikram Pandey
- 22 Sep, 2011
- New York City
The selling pressure gripped world markets with the U.S. indexes extending losses for the second day in a row and falling more than 3%. Investors were underwhelmed by the talks of appointing Meg Whitman as the next Hewlett Packard chief executive.
- Mukesh Buch
- 22 Sep, 2011
- New York City
Bed Bath second quarter net earnings increased to $229.4 million. FedEx first quarter net income soared 22% to $464 million. Goodrich agreed to be acquired by United Technologies for $18.4 billion.