- Arthi Gupta
- 04 Jan, 2012
- New York City
European markets declined after UniCredit proposed an offering to raise
- Marcus Jacob
- 04 Jan, 2012
- New York City
Australian stocks gained 2% and extended advance for the second day in a row as commodities prices increased and world economic data pointed to higher manufacturing activities. Oil rallied in Europe and in New York on the rising tensions in the Middle East. Gold jumped 2%.
- Bikram Pandey
- 03 Jan, 2012
- New York City
U.S. stocks soared on the first day of trading after manufacturing expanded and construction spending increased. The trading sentiment was also bolstered after manufacturing in China and Australian showed an increase. Gold soared on rising tensions in the Middle East.
- Nigel Thomas
- 03 Jan, 2012
- New York City
Asian markets traded higher after China reported better than expected manufacturing data. Market indexes gains were in a check after crude oil increased 3%. Markets in Japan, mainland China, Japan and Thailand were closed.
- Arthi Gupta
- 03 Jan, 2012
- New York City
The UK indexes climbed after manufacturing rose unexpectedly but business confidence fell to a 3-year low in December. Chile-based Codelco exercised its option to buy 49% stake in Anglo American Sur for $6 billion.
- Arthi Gupta
- 03 Jan, 2012
- New York City
The U.S. indexes gained more than 2% after manufacturing expanded in November and construction spending rose. Venezuela proposed to pay Exxon $255 million in compensation for assets nationalised in 2007. France-based Total acquired assets in the Utica shale region from Chesapeake for $2.32 billion.
- Marcus Jacob
- 03 Jan, 2012
- New York City
Australian stocks opened higher on the back of rising commodities prices and firm Asian markets. Australian retail sales are expected to rise 2.4% in the three weeks to mid-January.
- Arthi Gupta
- 03 Jan, 2012
- New York City
European markets traded volatile as crude oil surged nearly 3% and investors feel the pressure ahead of sovereign bond sale from Spain and Italy next week. German jobless rate dropped in November but Spanish unemployment rose in December.
- Bikram Pandey
- 30 Dec, 2011
- New York City
The U.S. indexes struggled to hold slim gains in 2011 and the S&P 500 closed flat and the Nasdaq fell 1.9%. The Dow, considered too narrow for most investors, gained 5.5%. Emerging markets led the global decline with India down 25%, Brazil and Russia dropping 18% and China falling 22%.
- Nigel Thomas
- 30 Dec, 2011
- New York City
Stocks in Japan suffered from multiple forces driving the market lower for the second year in a row. The Nikkei declined 17.3% in the year after falling 3% in 2010. Freight shippers led the decliners with more than 50% fall and machinery makers and electronics exporters suffered as the yen gained.
- Arthi Gupta
- 30 Dec, 2011
- New York City
The UK indexes gained but for the year plummeted 6%. The UK home prices dropped 0.2% on a monthly basis in December and housing equity injections slowed in the third quarter.
- Arthi Gupta
- 30 Dec, 2011
- New York City
The U.S. indexes rose after German Finance Minister Wolfgang Schaeuble expressed confidence that the euro area debt crisis would be under control by the end of 2012. Eaton completed acquisition of E.A. Pedersen.
- Marcus Jacob
- 30 Dec, 2011
- New York City
Stocks in Australia declined for the third day in a row. For the year the ASX 200 index fell 15% with the sharpest drops in retailers, materials and energy linked companies. Billabong plunged 78%, Harvey Norman dropped 38% and David Jones declined 47%.
- Arthi Gupta
- 30 Dec, 2011
- New York City
European markets edged higher after German Finance Minister Wolfgang Schaeuble ruled out a breakup of the euro area. France planned to raise between
- Bikram Pandey
- 29 Dec, 2011
- New York City
U.S. stocks traded higher after jobless claims rose but stayed below 400,000 level for the fourth week in a row. In addition, the pending home sales increased in November to a 19-month high. European markets focused on the stubborn long term Italian bond yield near 7%.