- Arthi Gupta
- 27 Apr, 2011
- New York City
The UK indexes advanced after service index rose 1.5% in February, GDP expanded 0.5% in the first quarter, and mortgage approvals climbed in March. BP, Fenner and GlaxoSmithKline reported strong earnings.
- Arthi Gupta
- 27 Apr, 2011
- New York City
U.S. indexes edged higher after durable goods orders surged in March. Mortgage applications fell on higher FHA premiums. IBM authorized $8 billion for stock buyback. SMART Modular agreed to be acquired by Silver Lake Partners and Silver Lake Sumeru for $645 million.
- Arthi Gupta
- 27 Apr, 2011
- New York City
European indexes gained after strong corporate earnings. Automakers led the way with Volkswagen and Volvo reporting better-than-anticipated profit. Nokia planned to outsource Symbian activities to Accenture. J&J agreed to acquire Synthes in $21.3 billion deal.
- Devan Biswas
- 27 Apr, 2011
- New York City
Stocks in Mumbai lost momentum in the early afternoon and closed at the low of the day. Ambuja Cement declined 4% after net dropped 12%. Reliance Industries face a government fine as it misses the production target. Dabur dropped 2% after net rose less than expected 8.5%.
- Arthi Gupta
- 27 Apr, 2011
- New York City
Euro-zone order growth slowed in February. German consumer sentiment forecasted to weaken in May and French consumer sentiment remained static in April. Finnish manufacturing confidence fell and consumer sentiment improved in April. Polish retail sales increased and jobless rate fell in March.
- Nigel Thomas
- 27 Apr, 2011
- New York City
Tokyo stocks rebounded after Canon, Fanuc, Daihatsu and Kuraya reported higher earnings. Canon soared 7% after the company suggested parts supply issue is expected to be resolved in few months. Fanuc gained more than 3% after it guided higher profit in the current fiscal half.
- Marcus Jacob
- 27 Apr, 2011
- New York City
Australian stocks declined on the first day of trading since Thursday last week. The dollar gained after the latest read on inflation showed a surge in the first quarter on severe weather conditions. Macarthur Coal
- Bikram Pandey
- 26 Apr, 2011
- New York City
U.S. stocks extended gains for the fifth day after industrial companies reported higher earnings. The latest increase in earnings was driven by the increase in overseas profits and the weak dollar. The S&P 500 index traded at high last seen in July 2008 and the Russell 2000 index at July 2007 peak.
- Mukesh Buch
- 26 Apr, 2011
- New York City
3M Company first quarter net income rose to $1.08 billion. Cummins first quarter net income soared to $343 million. Ford Motor first quarter net income grew 22% to $2.5 billion. Coca-Cola first quarter net income rose 18% to $1.90 billion. United Parcel first quarter net income surged 66% to $885mn.
- Arthi Gupta
- 26 Apr, 2011
- New York City
The UK indexes traded higher after the Confederation of British Industry forecasted manufacturing recovery firmly on track. Irish manufacturing output price inflation accelerated in March. Pearson agreed to acquire Schoolnet for $230 million.
- Arthi Gupta
- 26 Apr, 2011
- New York City
The U.S. indexes rose after Ford, Coca-Cola and UPS reported higher earnings. Home prices fell 3.3% in February. Boston Properties agreed to sell Carnegie Center portfolio for $468.0 million. Lawson agreed to be acquired by Infor and Golden Gate Capital for $2 billion.
- Arthi Gupta
- 26 Apr, 2011
- New York City
The European indexes gained after Puma estimated sales of
- Arthi Gupta
- 26 Apr, 2011
- New York City
Euro-zone government deficit contracted in 2010. Swiss trade surplus increased in the first quarter. Sweden jobless rate fell in March. Czech economic sentiment weakened in March.
- Devan Biswas
- 26 Apr, 2011
- New York City
Stocks in Mumbai declined sharply in early trading but managed to rebound. The Sensex closed down 0.2% after dropping as much as 1.4%. The rupee gained and silver fell nearly 3% after trading above Rs 70,000 level for the third day in a row.
- Nigel Thomas
- 26 Apr, 2011
- New York City
Stocks in Japan continued to drift lower ahead of earnings, a week long holiday and central bank rate decision this week. The Bank of Japan is expected to expand its 3 trillion yen bond program to support the rebuilding effort. Automakers declined and shipping lines closed lower a day after surging.