- Bikram Pandey
- 24 Sep, 2010
- New York City
U.S. indexes soared more than 2% and gold and silver reached new high. For the week three popular indexes also registered nearly 2%. Stocks reacted to the surprise rise in durable goods orders in August. European markets closed higher after German business confidence.
- Bikram Pandey
- 24 Sep, 2010
- New York City
Advanced Micro soared nearly 5% after it lowered the sales outlook but ahead of expectations. Nikes surged after it reported better than expected earnings on 25% increase China orders. KB Home increased after it narrowed quarterly loss.
- Arthi Gupta
- 24 Sep, 2010
- New York City
The UK indexes climbed after positive U.S. economic data. Irish trade surplus widened in July. KNOC affirmed 64% shareholders of Dana Petroleum accepted its offer. The FDA restricted sale of GSK''s diabetes drug Avandia and the EMA suspended it.
- Arthi Gupta
- 24 Sep, 2010
- New York City
The European indexes advanced after German business confidence rose to record level in September. Euro-zone money market turnover fell in the second quarter. France GDP growth revised up 0.7% in the second quarter. The Swiss National Bank lifted current year Swiss growth forecast to 2.5%.
- Arthi Gupta
- 24 Sep, 2010
- New York City
U.S. stocks edged higher after durable goods orders fell 1.3% in August and excluding transportation increased 2%. Petrobras raised $70 billion in public share offering. Nike reported higher earnings on China demand. CSG Systems agreed to buy UK-based Intec for $371 million.
- Chandrasekhar Atreya
- 24 Sep, 2010
- New York City
India lifted foreign investor upper limit in government and corporate debt on the rising demand for investment in infrastructure. The revised limits also sustained the gains in stocks and the index surged to a nearly three-year high. India completes the transition to cleaner fuel standards.
- Chandrasekhar Atreya
- 24 Sep, 2010
- New York City
Stocks in Japan drop for the third day in a row on a stronger yen and a weakness in international markets. China questions four Japanese for alleged videotaping of military targets. China denies embargo on export of rare earth to Japan. Asahi Glass opened the world
- Chandrasekhar Atreya
- 24 Sep, 2010
- New York City
Sydney index declined 0.7% on Friday and fell 0.8% for the week. BHP and Apache approve $1.5 billion Macedon gas field development. Rio Tinto plans to develop Dampier port for increased iron ore exports. Long running investigation of CabCharge led to A$15 million penalty.
- Devan Biswas
- 23 Sep, 2010
- New York City
U.S. stocks closed lower as weekly jobless claims increased and home sales in August struggled to gain the ground. Apple surpassed PetroChina and only trails Exxon Mobil Corp in market cap. U.S. Treasury yields declined. Gold and silver inched higher.
- Bikram Pandey
- 23 Sep, 2010
- New York City
Apple Inc gained more than 1% after analyst revised iPad sales estimate. Copart, Inc dropped 8% after the auto junk yard operator reported lower than expected sales. Scholastic Corp gained 5% on stock repurchase plan. SunPower Corp surged 8% on a new order.
- Arthi Gupta
- 23 Sep, 2010
- New York City
The UK indexes fell after mortgage approvals declined and auto production increased in August. The Bank of England Chief Economist Spencer Dale urged for reduction in monetary stimulus. Second GDP of Ireland contracted and current account deficit narrowed.
- Arthi Gupta
- 23 Sep, 2010
- New York City
The European indexes declined after euro-zone PMI fell to a seven-month low in September. German private sector growth dipped and French business confidence rose in the month. Czech Republic left its key rate unchanged at 0.75%.
- Arthi Gupta
- 23 Sep, 2010
- New York City
U.S. stocks slid after weekly jobless claims rose 12,000 to 465,000 and home prices fell more than expected in July. The U.S. Treasury raised $706 million on sale of Hartford warrants. Potash Corp sued BHP to prevent hostile takeover bid. Blockbuster reached agreement with bondholders.
- Chandrasekhar Atreya
- 23 Sep, 2010
- New York City
Stocks in India fell for the second day and most of Asian markets were closed for a holiday. A reading of the wholesale price index was higher in August. ONGC started drilling for shale gas in West Bengal. Monsoon rains in India are 44% above long term average.
- Chandrasekhar Atreya
- 23 Sep, 2010
- New York City
Shares in Sydney stayed little changed but in positive territory after trailing for most part of the day. Household savings in the quarter to September falls. Potash Corp seeks injunction in the U.S. against hostile takeover offer from BHP.