- Marcus Jacob
- 08 Apr, 2011
- New York City
UK stocks advanced following a steady rise in commodities Resource linked stocks led the gainers after gold and silver reached a new high in three decades and crude oil gained to 30-month record above $125. Producer price increased more than estimated in March.
- Mukesh Buch
- 08 Apr, 2011
- New York City
AZZ fourth quarter net income rose to $9.2 million. Blyth fourth quarter net earnings declined to $17.7 million. Expedia plan to separate into two publicly traded companies. PriceSmart second quarter net income increased to $17.9 million. Seagate declared quarterly cash dividend of $0.18 per share.
- Bikram Pandey
- 08 Apr, 2011
- New York City
U.S. stocks wavered after a rally of four days and government shutdown looms midnight. Lawmakers are divided over 2011 budgetary cuts. Gold and silver trade at 31-year new high and European markets rebound after Portugal sought European Union help.
- Arjun Dave
- 08 Apr, 2011
- New York City
European markets inched higher and commodities gained. Miners and banks led the gainers in the regional trading and crude oil traded above $111 a barrel. The euro firmed against the dollar.
- Devan Biswas
- 08 Apr, 2011
- New York City
Stocks in Mumbai declined for the fourth day in a row as crude oil soared and worries of inflation kept investors on the sidelines. Maruti Suzuki and Mahindra and Mahindra increased auto price as much as 2%. Hindustan Zinc production increase 29% and Tata Steel
- Nigel Thomas
- 08 Apr, 2011
- New York City
The benchmark index in Tokyo soared 1.9% after opening lower. Retailers and automakers led the rally. Toyota, Honda and Nissan gained after a report suggested that exports resumed from Sendai port. Tokyo Electric Power soared 24% in a volatile trading.
- Bikram Pandey
- 07 Apr, 2011
- New York City
U.S. stocks turned lower after Japan was hit another quake aftershock that knocked off power at three nuclear facilities. Crude oil closed above $110 a barrel and silver inched closer to $40 level. U.S. lawmakers remain divided as the government shutdown looms next week.
- Mukesh Buch
- 07 Apr, 2011
- New York City
Bed Bath & Beyond fourth quarter net earnings soared 30% to $283.4 million. Movado quarterly net loss widened to $31.3 million. Pier 1 fourth quarter net income rose to $57.0 million. Rite Aid net loss narrowed to $208.1 million. Pep Boys net earnings in the quarter tripled to $8.4 million.
- Bikram Pandey
- 07 Apr, 2011
- New York City
U.S. stocks were flat after the release of weekly jobless claims and chain store sales in March. Jobless claims declined to 382,000. Store sales were ahead of expectations despite the calendar shift and rising energy prices. Costco and Limited same store sales surged and Gap lowered profit outlook.
- Marcus Jacob
- 07 Apr, 2011
- New York City
UK indexes were flat and the Bank of England left its key lending rate on hold. The central bank also left its bond buying program on hold as inflation hovered at 4.4%, twice the target range. The pound was flat after the decision.
- Arjun Dave
- 07 Apr, 2011
- New York City
European Central Bank lifted key lending rate to 1.25% from 1% and Bank of England left its benchmark rate unchanged. The increase in interest rate comes only hours after Portugal said it will seek European Union financial help.
- Devan Biswas
- 07 Apr, 2011
- New York City
Mumbai stocks wavered after a nine-day rally that lifted stocks more than 9%. The rising commodities prices are stoking fears of inflation as the latest data showed no improvement in wholesale prices.
- Nigel Thomas
- 07 Apr, 2011
- New York City
Foreign investors in Japan were net buyers of stocks and bonds in Japan. The benchmark index in Tokyo soared as much as 1.1% but surrendered most of the gains at close. The Bank of Japan left its bond and credit program unchanged and left target interest rate range unchanged.
- Marcus Jacob
- 07 Apr, 2011
- New York City
Australian dollar continues to drift higher with no resistance after the release of jobs data. The unemployment rate dropped to 4.9%, the low last seen in December 2008. Riversdale Mining takeover offer from Rio Tinto failed to win 50% shares.