- Chandrasekhar Atreya
- 13 Oct, 2010
- New York City
Japanese stocks moved in a narrow range to close little changed. The yen weakens for the first time in five days but stayed near 15-year highs. Used automobiles sales surge in September after the subsidies expired. Japan asks China and South Korea to act in concert to ensure stability of the yen.
- Chandrasekhar Atreya
- 13 Oct, 2010
- New York City
Stocks in Australia stayed little changed after fluctuating several times. Consumer confidence rises in October. Resource stocks are expected to rise as iron ore prices increase ahead of rebuilding of stocks in China. Australian banks have sufficient capital to withstand 40% decline in home prices.
- Devan Biswas
- 12 Oct, 2010
- New York City
U.S. stocks rebounded after the Fed minutes noted its willingness to buy more U.S. Treasuries. Banks and consumer sector stocks closed higher. The dollar struggled as the markets in Asia and Europe closed lower.
- Bikram Pandey
- 12 Oct, 2010
- New York City
U.S. stocks traded lackluster as the dollar edged lower and commodities traded near recent highs. Google Inc increased 1% after it formed a joint venture to distribute electricity. King Pharmaceuticals soared on a takeover agreement with Pfizer.
- Arthi Gupta
- 12 Oct, 2010
- New York City
The UK indexes slid after retail sales growth slackened and home prices fell in September. The UK economy slowed in the third quarter but annual inflation remained at 3.1% in September and trade deficit narrowed in August.
- Arthi Gupta
- 12 Oct, 2010
- New York City
The European indexes gained after German inflation and WPI rose in September. French current account deficit widened in August and Holland recorded trade surplus of
- Darlington Musarurwa
- 12 Oct, 2010
- New York City
U.S. stocks traded lower ahead of the minutes of FOMC meeting. Pfizer agreed to buy King Pharma for $3.6 billion. Chevron sold 23.44% Colonial Pipeline stake to the private equity group KKR. Dollar Tree agreed to buy Canada based Dollar Giant Store for more than $50 million.
- Chandrasekhar Atreya
- 12 Oct, 2010
- New York City
Stocks in Mumbai fell after the industrial output increased sharply lower. Rupee closed lower. Industrial production index increased 5.6% in August and in the first five months the index was up 10.6% compared to a year ago. Coal India is expected to raise as much as $35 billion.
- Chandrasekhar Atreya
- 12 Oct, 2010
- New York City
Stocks in Shanghai continued their rally to reach a five-month high aided by commodity stocks. Banks closed lower after China temporarily increases the reserve ratio of some large banks to curb liquidity. China Vanke sales nine-month sales soared more than 50%.
- Chandrasekhar Atreya
- 12 Oct, 2010
- New York City
The yen resumed its ascent and closed at 15-year high against the dollar and record high against the euro. The benchmark index Nikkei dropped 2.1%. Household sentiment drops in September. Japan is likely to surpass China and as the largest holder of U.S. Treasuries. The two nations hold $1.66 trillion of U.S. debt.
- Chandrasekhar Atreya
- 12 Oct, 2010
- New York City
Australian shares closed lower in a broad sell-off after business confidence fell in September even though business conditions index rose. Karoon Gas proposes to list its South American asset in a public offering in Brazil. Conquest Mining is looking to raise as much as $100 million.
- Devan Biswas
- 11 Oct, 2010
- New York City
U.S. stocks turned volatile in the final hour. Gold closed at a record high and the yields on U.S. Treasuries hovered near recent low. The U.S. dollar traded mostly lower against major currencies. Copper closed at a 2-year high, silver at 30-year high and gold closed at a new record.
- Bikram Pandey
- 11 Oct, 2010
- New York City
Gymboree surged after the company agreed to go private. Warned Chilcott soared more than 7% after the company received regulatory approval for its drug to treat osteoporosis. LDK Solar surged more than 10% after it lifted revenues outlook.
- Arthi Gupta
- 11 Oct, 2010
- New York City
The UK indexes and the pound gained after the world leaders meeting failed to settle the rising tensions in the currency markets. Irish manufacturing output declined in August. KNOC received acceptances of 89% Dana Petroleum shares. Weir Group confirmed completion of BDK acquisition.
- Arthi Gupta
- 11 Oct, 2010
- New York City
The European indexes rose on expectations that the U.S. Fed will increase asset purchases. French industry growth remained flat in August and Italian industrial production surged. Talisman and Statoil announced joint venture worth $1.3 billion in Eagle Ford Shale property.