- Arthi Gupta
- 22 Jun, 2012
- New York City
The UK indexes turned lower after home price sentiment index remained unchanged in June. Investors focused on the rising prospects of a larger bailout in Spain and growing problem at domestic banks. Banks rose despite a rating agency downgrade.
- Arthi Gupta
- 22 Jun, 2012
- New York City
U.S. indexes rebounded in early trading and banks gained despite the latest rating downgrade. Commodities prices were flat and markets in Europe dropped more than 0.4%. Arch Coal plans to halt production and cut costs.
- Nigel Thomas
- 22 Jun, 2012
- New York City
Tokyo stocks declined as investors turned away from international markets and sharpened focused on domestic companies. Resource and steel companies fell more than 1% after prices of gold, copper and oil dropped the most in five months.
- Marcus Jacob
- 22 Jun, 2012
- New York City
Australian stocks tracked lower world markets after resources prices on the rising worries of the economic slowdown. Crude oil, copper and gold fell more than 3% and bank worries rose after another round of downgrade of European and American banks.
- Arthi Gupta
- 22 Jun, 2012
- New York City
German business confidence fell more than estimated and the euro area consumer confidence declined in June. Retail sales in Denmark improved in May. Consumer spending in the Netherlands declined in April.
- Arthi Gupta
- 22 Jun, 2012
- New York City
The European indexes slumped after German business confidence fell to a two-year low in June. Fifteen large U.S. banks were downgraded by a rating agency that many analysts viewed an action four years too late.
- Bikram Pandey
- 21 Jun, 2012
- New York City
U.S. indexes extended worldwide sell off after a string of weak economic data from the U.S., euro zone and China. Crude oil, copper and gold dropped more than 3%. Stress test in Spain showed banks may need as much as $78 billion.
- Mukesh Buch
- 21 Jun, 2012
- New York City
Bed Bath first quarter net soared 24% and ConAgra fourth quarter net swung to $86.2 million loss. CarMax first quarter net falls 4.4% as wholesale unit sales fell. Red Hat first quarter net surged on subscription revenue growth.
- Arthi Gupta
- 21 Jun, 2012
- New York City
The UK indexes edged lower as world economic growth outlook dims. The UK retail sales improved and gross mortgage lending increased 24% in May. Invensys plunged 16% after takeover talks with Emerson Electric failed.
- Nigel Thomas
- 21 Jun, 2012
- New York City
Trading sentiment in Tokyo recovered after the yen eased against the dollar. However, the latest manufacturing decline in China dampened the machinery stocks. Softbank gained on the hopes of more Apple products sales. Foreign investors stepped up buying of Japanese stocks last week.
- Arthi Gupta
- 21 Jun, 2012
- New York City
U.S. indexes traded sideways after weekly jobless claims fell and weak manufacturing data from China. Cabot agreed to acquire the Netherlands-based Norit for $1.1 billion. Agilent completed its acquisition of Denmark-based Dako.
- Marcus Jacob
- 21 Jun, 2012
- New York City
Australian stocks declined after a private manufacturing survey in China indicated contraction for the eighth month to June. Retailer Billabong launched $225 million offering at 44% discount. Myer reiterated 15% decline in annual earnings.
- Arthi Gupta
- 21 Jun, 2012
- New York City
European markets sharpened focus on Spain as the country battles worsening fiscal conditions. Spain raised
- Arthi Gupta
- 21 Jun, 2012
- New York City
The euro area current account surplus fell in April. German and euro area manufacturing activity contracted but French manufacturing sector rose in June. Swiss watch exports rose but money supply growth eased in May.
- Bikram Pandey
- 20 Jun, 2012
- New York City
U.S. markets reversed the course after Fed extended its program to switch to long term bonds till the end of the year. The U.S. Treasury yields declined and indexes briefly traded in the positive before settling back to flat line. Gold and copper fell more than 1% and oil declined 2.6%.