- Arthi Gupta
- 14 Dec, 2011
- New York City
Euro area industrial production declined in October and a private survey lowered German growth outlook for this year and 2012. Portuguese inflation eased and Swiss producer and import prices declined in November.
- Arthi Gupta
- 14 Dec, 2011
- New York City
European indexes edged lower after the U.S. Federal Reserve left key rate near zero and did not announce new stimulus measures. The Italian Treasury sold
- Bikram Pandey
- 13 Dec, 2011
- New York City
World markets were in a holding pattern as the European banks sell assets to meet revised capital guidelines. Greece is expected to extend recession to the fifth year in 2012 as construction industry collapses. U.S. retailers and consumer spending linked stocks traded lower.
- Nichole Harper
- 13 Dec, 2011
- New York City
U.S. stocks traded sideways ahead of the Fed statement this afternoon and retail sales in November rose at the slowest month since June. Best Buy dropped 12% after the electronics retailer reported weaker sales and 29% fall in earnings.
- Devan Biswas
- 13 Dec, 2011
- New York City
European markets traded sideways as several of fiscal compact agreement provisions went effective today. Yields on Italian, Spanish and Irish bonds closed higher. Greece deficit is expected to exceed its target as tax collection lags and economy faces recession for the fourth year in a row.
- Nigel Thomas
- 13 Dec, 2011
- New York City
The benchmark index in Tokyo declined 1.2% after investors reassessed the EU summit fiscal compact failed to produce immediate steps to contain debt contagion. Honda declined on the worries that it may lower its annual earnings outlook. Olympus is set to file revised financial statements.
- Marcus Jacob
- 13 Dec, 2011
- New York City
Australian exports of commodities in the current fiscal year is estimated to increase 15% to $206 billion on 13% increase in iron ore and 14% rise in thermal coal exports. Stocks edged lower on the euro zone worries and a weakness in the international markets.
- Bikram Pandey
- 12 Dec, 2011
- New York City
U.S. indexes turned lower and dropped by 2% in the late afternoon after investors had second thoughts about the last week summit of European leaders. Chipmakers were on the decline after Intel lowered fourth quarter revenue outlook.
- Nichole Harper
- 12 Dec, 2011
- New York City
U.S. indexes dropped nearly 2% after investors focused on the details of the fiscal compact that was agreed last week at the summit of the European Union nations. Market decline was accelerated after a rating agency said it will review sovereign debt ratings of EU nations.
- Devan Biswas
- 12 Dec, 2011
- New York City
European markets scaled back after investors focused on the immediate euro zone crisis. The decline in indexes was also accelerated after a ratings agency said it will review the ratings of the European Union nations. ThyssenKrupp agreed to sell its super yacht business.
- Nigel Thomas
- 12 Dec, 2011
- New York City
Stocks in Japan rebounded after falling for the last two trading sessions. The Nikkei index gained on the rising resources and exports sensitive stocks. Olympus jumped 8% as the company confirmed its plan to file revised financials by Wednesday.
- Marcus Jacob
- 12 Dec, 2011
- New York City
Australian stocks gained following a rally in resource and banking sectors. The benchmark index added more than 1% after European leaders pledged to meet tighter fiscal and financial guidelines.
- Bikram Pandey
- 09 Dec, 2011
- New York City
U.S. stocks rebounded and indexes jumped more than 1.6% and energy and metals advanced. Consumer sentiment improved and rally broadened in the late afternoon on positive earnings and on the third deal of more than $1 billion in as many weeks. Asian markets are set to open higher.
- Nichole Harper
- 09 Dec, 2011
- New York City
Banks rebounded on the hopes that the European Central Bank will expand its bond buying program. Blue Coat Systems soared 44% after agreed to go private for $1.3 billion. Cooper Companies jumped 18% after it offered positive outlook for the year.
- Nichole Harper
- 09 Dec, 2011
- New York City
Market indexes in New York rebounded after an agreement among the euro zone leaders and a rise in consumer sentiment. The positive sentiment lifted stocks of banks and industrials and the dollar held firm. Pall Corp soared on earnings and Blue Coat Systems agreed to go private for $1.3 billion.