- Bikram Pandey
- 08 Sep, 2011
- New York City
U.S. indexes closed lower after Fed Chairman did not provide new insights into the state of the economy. U.S. 10-year bond yield fell to 1.98%. aBanks fell more than 4%. European markets closed higher after the ECB and BoE left rates on hold. Greek bond yields soared to 60%.
- Bikram Pandey
- 08 Sep, 2011
- New York City
U.S. weekly jobless claims rose 2,000 to 414,000 and trade deficit declined 13% in July. Exports increased at a faster pace than imports in the month as the dollar remained low and the crude oil prices remained above $100 a barrel for the fourth month in a row.
- Devan Biswas
- 08 Sep, 2011
- New York City
European Central Bank and the Bank of England left key lending rates unchanged and cited weak and uncertain economic outlook. The yield on 2-year Greek bonds soared to 60%. Italian Senate passed austerity measures and the government approved balanced budget constitutional amendment.
- Nigel Thomas
- 08 Sep, 2011
- New York City
Stocks in Japan gained for the second day in a row as investors focused on the measures to improve global economic scenario. Factory order declined 8.2% in July after rising 7.7% in June. Mining and resources linked companies closed higher.
- Marcus Jacob
- 08 Sep, 2011
- New York City
Australian stocks gained for the second day in a row and unemployment in August rose 5.3% from 5.1% in July. The surprise increase in the rate put investors on the defensive. Unemployment in Western Australia increased to 4.4% from 4%.
- Bikram Pandey
- 07 Sep, 2011
- New York City
U.S. indexes surged more than 2% after banks and tech stocks led the recovery after a 3-day decline. The Fed
- Devan Biswas
- 07 Sep, 2011
- New York City
Stocks in New York trading rose after a three-day of sell-off. Banks led the gainers after Bank of America replaced executives in its restructuring plan. Yahoo gained as much as 6% after its board replaced chief executive. Nvidia rose on positive outlook.
- Mukesh Buch
- 07 Sep, 2011
- New York City
Altera updated third quarter sales guidance. Navistar third quarter net income surged to $1.4 billion. Nvidia anticipates revenue of $4.7 billion to $5.0 billion in fiscal year 2013. VimpelCom second quarter net income declined 29% to $239 mn. VeriFone third quarter net income soared 42% to $26.3mn.
- Arjun Dave
- 07 Sep, 2011
- New York City
European markets rebounded and bond yields declined after German Constitutional Court affirmed the government
- Nigel Thomas
- 07 Sep, 2011
- New York City
The Nikkei index in Tokyo gained more than 2% after dropping 6% in a three day sell-off. Export and resource linked companies led the broad advance in the market. Social media sites soared on broker comments.
- Marcus Jacob
- 07 Sep, 2011
- New York City
Australian GDP rose 1.2% in the second quarter after exports rebounded and coal shipments recovered from the lows during the natural disaster in the first quarter. Stocks surged more than 2% after the central bank governor issued a positive outlook on the economy.
- Bikram Pandey
- 06 Sep, 2011
- New York City
U.S. indexes declined more than 1.4% on the global economic worries. The indexes in the Europe dropped as much as 3% and banks declined for the second day in a row. The recent market declines have dragged U.S. and Europe stocks and indexes near 2008 levels.
- Arjun Dave
- 06 Sep, 2011
- New York City
European markets declined and banks led the losers across the region. Italy faced a wave of protests as lawmakers debated second austerity measures of 46 billion euros. Swiss central bank set the cap on euro-franc exchange rate that may prove costly.
- Mukesh Buch
- 06 Sep, 2011
- New York City
Blyth reported second quarter net loss of $3.07 million. Russia based mobile telecom service provider, MTS aid second quarter net income rose 3% to $367 mn and it will increase ownership of MGTS to 94.1%. Progress Software lowered its third quarter outlook.Sunoco plans to exit its refining business.