- Arthi Gupta
- 22 Jun, 2011
- New York City
The UK indexes slid after Greek government survived a confidence vote. The minutes showed that the Bank of England policy makers retained the interest rate and asset purchase program by a split vote. Employment intentions in the UK indicated increase in job creation in the six months.
- Arthi Gupta
- 22 Jun, 2011
- New York City
U.S. indexes slid ahead of the FOMC decision on the stimulus program. U.S. mortgage and refinancing activity fell. Dentsply agreed to acquire Astra Tech from AstraZeneca for about $1.8 billion. Adobe net surged 54% on strong sales but guidance disappointed.
- Arthi Gupta
- 22 Jun, 2011
- New York City
Euro-zone industrial orders rose in April. French business sentiment strengthened and Danish consumer sentiment improved in June. Swedish jobless rate fell in May to 7.9%. Spanish mortgage lending dropped in April by 12.1%. Swiss investor confidence weakened.
- Arthi Gupta
- 22 Jun, 2011
- New York City
The European indexes traded sideways after Greek Prime Minister Papandreou won a vote of confidence yesterday. Markets in Europe rebounded and shifted focus to the passage of austerity measures next week. Philips plunged on weak comparable sales outlook for the second quarter of 2011.
- Nigel Thomas
- 22 Jun, 2011
- New York City
Stocks in Japan rebounded after concerns over Greece eased for now. The Nikkei index inched above 9,600 and closed at the high for the month. Chain store retail sales declined 1.4% in May. Softbank is likely to reach an agreement with Alibaba Group over its payment gateway technology.
- Marcus Jacob
- 22 Jun, 2011
- New York City
Stocks in Australia rebounded after a weak trading in the last five days. Resources linked stocks gained after Greek government won a parliament vote of confidence. Qantas Airways estimated full year profit of as much as $550 million but international operations continue to make losses.
- Bikram Pandey
- 21 Jun, 2011
- New York City
U.S. and European markets rebound with resources linked stocks leading the advance. Oil, copper and gold turn positive. The S&P 500 index gained nearly 3% in the last four days and the Nasdaq added 1.8%. The euro held firm as Greek lawmakers debate austerity plan.
- Mukesh Buch
- 21 Jun, 2011
- New York City
Barnes & Noble reported fourth quarter net loss widened to $59.4 million. Carnival second quarter net income fell to $206 million. Susquehanna will acquire Tower Bancorp for $343 million. Walgreen third quarter net earnings grew to $603 million.
- Arthi Gupta
- 21 Jun, 2011
- New York City
The UK indexes climbed as concerns eased about a Greek debt default. The UK public sector borrowing declined in May and manufacturing demand remained strong in June. Irish trade surplus narrowed in April.
- Arthi Gupta
- 21 Jun, 2011
- New York City
U.S. indexes gained on optimism of a resolution to the Greek debt crisis. eBay completed acquisition of GSI Commerce for $2.4 billion. Raytheon secured $1.7 billion contract to upgrade Patriot for Saudi Arabia.
- Arthi Gupta
- 21 Jun, 2011
- New York City
German economic sentiment deteriorated in June and leading index rose in April. Swiss economic growth forecasted to slow to 1.9% in 2012. The jobless rate in Finland declined in May.
- Arthi Gupta
- 21 Jun, 2011
- New York City
The European indexes traded higher ahead of the crucial confidence vote by the Greek Prime Minister George Papandreou. Weatherford settled claims with BP relating to the Deepwater Horizon oil spill. Elekta agreed to buy Nucletron for
- Nigel Thomas
- 21 Jun, 2011
- New York City
Stocks in Japan increased for the second day in a row after investors focused on the domestic manufacturing recovery. TDK Corp gained after it increased dividend and estimated net to increase 11% in the current year.
- Marcus Jacob
- 21 Jun, 2011
- New York City
Australian stocks edged higher following a rise in commodities and international markets. The Euro-zone ministers, ECB, IMF and Greece remain at odds in how to fund the last portion of first bailout. Foster
- Bikram Pandey
- 20 Jun, 2011
- New York City
U.S. stocks gained for the third day in a row but broader indexes struggle as the valuation trade near the lows of two decades. Deals news and positive views on the Greek saga lifted indexes from the early weak opening. European indexes closed at the low of the day. Asian markets closed mixed.