- Nigel Thomas
- 25 May, 2011
- New York City
Stocks in London gained as miners and energy linked companies advanced. UK first quarter estimate was unrevised at 0.5%. Mortgage approvals dropped 18% from a year ago and average loan value declined 1.1%. Cupid soared nearly 20% after it made positive comments.
- Mukesh Buch
- 25 May, 2011
- New York City
Bank of Montreal second quarter net income increased 7.5% to $800 million. Costco third quarter net income grew to $324 million. Hormel Foods second quarter net earnings surged 41% to $109.6 million. Toll Brothers second quarter net loss narrowed to $20.8 million.
- Bikram Pandey
- 25 May, 2011
- New York City
U.S. stocked traded sideways as commodities gained and the dollar edged higher. April durable goods orders declined 3.6% and home prices fell 5.5% in the first quarter. Costco Wholesale Corp and Ralph Lauren Corp declined on weaker than expected earnings.
- Arjun Dave
- 25 May, 2011
- New York City
European markets traded lower on the ongoing worries related to Greece Italy and Ireland. Greek opposition party leader rejected privatization plan. Banks and mining companies rebounded on bargain hunting. Automakers in Germany closed higher.
- Devan Biswas
- 25 May, 2011
- New York City
Stocks in Mumbai declined on the global worries and a rise in commodities prices and crude oil price. The rupee hovered near 2-month low. Banks, property developers and Suzlon Energy increased after it won orders for 200 turbines in Africa.
- Nigel Thomas
- 25 May, 2011
- New York City
Stocks in Japan declined for the second day this week following the weakness in Asian markets. Semiconductor equipment makers closed lower after Applied Materials reported weaker than expected earnings. Real estate developers declined on negative comments from a broker.
- Marcus Jacob
- 25 May, 2011
- New York City
The Australian benchmark indexes declined for the second day this week. Mining and banks led the losers. Lend Lease increased after it guided current year return on equity of 15%. Telstra reaffirmed earnings outlook.
- Bikram Pandey
- 24 May, 2011
- New York City
The U.S. indexes opened higher but struggled to advance and crude oil and metals prices rose. New home sales increased in April but inventory of unsold homes increased. Russia based search engine Yandex NV soared 55% after it raised $1.3 billion.
- Mukesh Buch
- 24 May, 2011
- New York City
AutoZone third quarter net income increased 12% to $227.4 million. DSW first quarter net income rose to $38.4 million. Medtronic fourth quarter net earnings declined to $776 million. Sanderson Farms reported second quarter net loss of $16.3 million.
- Devan Biswas
- 24 May, 2011
- New York City
UK stocks inched higher after oil and energy prices advanced and base and precious metals closed higher. Miners and resource linked stocks led the gainers in London. Marks & Spencer
- Bikram Pandey
- 24 May, 2011
- New York City
U.S. indexes advanced on the rise in energy and commodities prices. U.S. new home sales increased 7.3% in April but plunged 23.1% from a year ago. Markets in Europe rebounded and in Asia closed mixed.
- Arjun Dave
- 24 May, 2011
- New York City
European markets traded higher after Spain completed the treasury auction to raise 2.3 billion euros. German left its first quarter economic expansion at 1.5% and a private measure of business confidence index was flat in May. European regulators canceled 200 scheduled flights.
- Nigel Thomas
- 24 May, 2011
- New York City
The benchmark index in Tokyo closed higher after trading near five-month low. Sony traded higher after estimating third annual loss in a row. Construction machinery stocks rebounded. Shipping lines closed higher after freight rate index gained. Toshiba proposed aggressive capital expansion plan.
- Marcus Jacob
- 24 May, 2011
- New York City
Australian stocks edged lower on global economic worries. China and U.S. economic data suggest a slower economic growth and commodities turned lower in Asian trading. Banks led the decliners in Sydney trading. China based Cofco increased its offer for Tully Sugar.
- Bikram Pandey
- 23 May, 2011
- New York City
U.S. indexes declined following world markets losses. Markets in Asia fell after manufacturing in China declined for the second month in a row. European markets dropped after sovereign debt worries resurfaced. The dollar gained and oil fell.