- Bikram Pandey
- 05 Oct, 2010
- New York City
American Express declined after it decided to challenge the Justice Department suit. Visa and MasterCard gained after they settled the suit with the agency. The Talbots, Inc. dropped more than 12% after it offered earnings outlook that was lower than expected.
- Arthi Gupta
- 05 Oct, 2010
- New York City
The European indexes gained after euro area retail sales fell 0.4% in August and private sector growth slowed in September. German service sector growth faltered in the month and French service sector activity growth eased.
- Arthi Gupta
- 05 Oct, 2010
- New York City
U.S. stocks rose after unexpected key rate decisions from Australia and Japan. The Fed Chairman Bernanke urged for well-designed rules to improve U.S. fiscal performance. Boston Properties acquired John Hancock Tower for $930 million. VimpelCom agreed to merge with Weather Investments.
- Chandrasekhar Atreya
- 05 Oct, 2010
- New York City
Stocks in Mumbai declined and the rupee traded near its recent highs. India based JSW and Japan based JFE sign a technical collaboration and explore natural resources in India. Cell phone services providers added 18.2 million subscribers in September and expensive jewelry makers report surging sales.
- Chandrasekhar Atreya
- 05 Oct, 2010
- New York City
Bank of Japan lowered its key lending rate to near zero as the central bank struggles to lift demand and expand economy. The central bank also pledged to purchase 5 trillion yen of bonds and stem the rising yen to support exporters.
- Chandrasekhar Atreya
- 05 Oct, 2010
- New York City
The benchmark index in Australia in a volatile trading closed lower as the RBA left key interest rate on hold. The rates have been left unchanged for the fifth time this year. Vehicle sales and job ads rise in September, while retail sales growth slows in August.
- Bikram Pandey
- 04 Oct, 2010
- New York City
U.S. stocks steadily declined in the session as automakers sales, factory orders and pending home sales contracts increased. The dollar gained and commodities wavered but traded near recent highs. European markets declined ahead of barrage of economic reports this week.
- Bikram Pandey
- 04 Oct, 2010
- New York City
U.S. stocks traded lower ahead of earnings season and a week filled with economic releases. Ford Motor Company traded higher after a surge in auto sales. Dynamex soared after it agreed to go private. Resource and tech stocks declined on higher dollar. Casino operators traded higher.
- Arthi Gupta
- 04 Oct, 2010
- New York City
The UK indexes dropped after construction activity rose unexpectedly in September. The Confederation of British Industry urged for stringent rules to prevent industrial strike action. EKF Diagnostics completed acquisition of Quotient Diagnostics. Robert Edwards awarded Nobel for Medicine.
- Arthi Gupta
- 04 Oct, 2010
- New York City
The European indexes declined after euro area investor confidence improved in October and PPI slid to 3.6% in August. Spanish unemployment rate increased and consumer confidence index fell in September. Sanofi-Aventis launched hostile bid for Genzyme.
- Arthi Gupta
- 04 Oct, 2010
- New York City
U.S. stocks traded lower in the early trading and automakers report rising sales. Two airlines, United and Continental finalized merger to form the largest airline in the world. Agrium received Australian approval to acquire AWB. Microsemi agreed to acquire Actel for $430 million.
- Chandrasekhar Atreya
- 04 Oct, 2010
- New York City
Indian stocks closed higher but declined from the highs. Rupee closed at five-month high and automakers reported a surge in sales in September. India
- Chandrasekhar Atreya
- 04 Oct, 2010
- New York City
In a volatile trading the Nikkei index closed lower and banks led the decliners. Market has been worried that the revised capital guidelines will force banks to raise more capital sooner than expected. Japan and Mongolia agree to develop mines for industrial metals and rare earth metals.
- Chandrasekhar Atreya
- 04 Oct, 2010
- New York City
The benchmark index in Australia gained 1.1% after falling for four days in a row. RBA is set to announce its rate decision after two-day meeting that ends tomorrow. Australian dollar reaches a two-year high against the greenback. Australian regulators approve AWB purchase by Canada based Agrium.
- Bikram Pandey
- 01 Oct, 2010
- New York City
A rise in personal income and spending lifted U.S. stocks but the dollar continued its decline. Metals and oil closed higher on the dollar weakness and the currency fell against the euro for the fourth day in a row. Markets in Europe retained negative bias but indexes in Asia generally closed up.