- Arthi Gupta
- 17 Nov, 2011
- New York City
The UK indexes traded lower after a dismal auction of 10 year Spanish bonds. The UK retail sales and auto production rose, but consumer confidence slumped in October. The UK government sold Northern Rock to Virgin Money for
- Arthi Gupta
- 17 Nov, 2011
- New York City
U.S. stock futures declined after ratings agency Fitch warned that the euro-zone contagion threatened the outlook for U.S. banks. Spain
- Marcus Jacob
- 17 Nov, 2011
- New York City
Stocks in Sydney trading gained and the dollar traded near parity with the U.S. currency. BHP Billiton struck a cautious note at the annual general meeting and said recent iron ore price softness is temporary. The mining giant also confirmed the $80 billion capital expenditure plan to 2015.
- Arthi Gupta
- 17 Nov, 2011
- New York City
The gross domestic product in the OECD area and German employment rose in the third quarter. Construction output in the euro zone increased 0.4% annually in September. Dutch jobless rate rose in October. Swiss economic expectations declined in November.
- Arthi Gupta
- 17 Nov, 2011
- New York City
European indexes fell after Spain sold
- 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.