- Arthi Gupta
- 29 Apr, 2011
- New York City
The European indexes traded mixed after weaker-than-anticipated economic data. Euro-zone inflation accelerated for a fifth consecutive month in April and German retail sales dropped unexpectedly in March. Daimler and Total reported strong quarterly earnings.
- Arthi Gupta
- 29 Apr, 2011
- New York City
Euro-zone jobless rate at 9.9% in March and inflation accelerated for a fifth consecutive month in April. German retail sales declined and French producer prices increased in March. Spanish annual inflation climbed in April. Norwegian jobless rate fell in April.
- Devan Biswas
- 29 Apr, 2011
- New York City
Stocks in Shanghai rebounded after falling for four days in a row on the prospect of higher inflation. For the week, the benchmark index dropped 3.3% in Shanghai. The Hang Seng index declined. Hui Xian Real Estate Investment Trust declined 7.8% on the first day of trading.
- Marcus Jacob
- 29 Apr, 2011
- New York City
Stocks in Australia skid on the recent surge in the dollar. Resource stocks edged lower as gold closed at a new peak for the eighth day in a row and silver flirted with the three decade high. Macquarie reported fiscal 2011 earnings declined 9% but guided higher earnings in the current year.
- Bikram Pandey
- 28 Apr, 2011
- New York City
U.S. stocks extended gains for the sixth day in a row but tech stocks and small cap companies rested after rallying to highs not seen in a decade. Earnings drove the trading sentiment but the decline lifted gold, silver and copper.
- Mukesh Buch
- 28 Apr, 2011
- New York City
Apache first quarter net income rose to $1.11 billion. Colgate-Palmolive first quarter net profit surged 61% to $576 million. eBay first quarter net income rose 20% to $475.9 million. PepsiCo first quarter net income declined 20% to $1.14 billion. P&G first quarter net income rose 11% to $2.87 bn.
- Arthi Gupta
- 28 Apr, 2011
- New York City
The UK indexes traded sideways after consumer confidence declined to its lowest level since February 2009. Irish retail sales deteriorated in March. AstraZeneca net rose on UK and U.S. tax settlements.
- Arthi Gupta
- 28 Apr, 2011
- New York City
U.S. indexes traded lower after weekly jobless claims unexpectedly rose to a 3-month high to 429,000 and GDP expanded at 1.8% rate, less than estimated in the first quarter. Exelon agreed to buy Constellation Energy for $7.9 billion. Colgate-Palmolive net surged 61%.
- Arthi Gupta
- 28 Apr, 2011
- New York City
The European indexes edged higher after Deutsche Bank and Bayer reported better-than-estimated quarterly earnings. SAP plunged 5.7% after earnings missed expectations. German unemployment dropped to the lowest in the last nineteen years.
- Arthi Gupta
- 28 Apr, 2011
- New York City
German jobless rate fell to its lowest level in nineteen years and inflation accelerated in April. French consumer spending dropped unexpectedly but Finnish jobless rate rose in March. Number of mortgage issued in February declined in Spain.
- Devan Biswas
- 28 Apr, 2011
- New York City
Stocks in Mumbai closed down after weekly inflation accelerated and precious metals prices soared. The rupee advanced and resource linked stocks edged lower. LIC Housing quarterly net surged 47%. Bank of Baroda quarterly net soared 43%.
- Nigel Thomas
- 28 Apr, 2011
- New York City
Japan stocks gained after positive earnings and recovering trading sentiment and volume. The yen traded in a tight range ahead of the Golden Week holiday period. Komatsu gained after it reported quarterly net soared nearly a third and Kyocera advanced on higher office equipment sales.
- Marcus Jacob
- 28 Apr, 2011
- New York City
Australian stocks were flat as the dollar rose for the second day in a row to a new high of US$1.0921. Crude oil futures increased but metals closed mixed in Asian trading. Goodman Fielder dropped more than 9% after it cut profit outlook by 20%.
- Bikram Pandey
- 27 Apr, 2011
- New York City
U.S. stocks extended gains for the sixth day after the Fed left rates unchanged and left the bond program intact. The Nasdaq closed at a high last seen a decade ago and the small companies focised Russell 200 index reached a new high. The dollar continued its slide and precious metals gained.
- Mukesh Buch
- 27 Apr, 2011
- New York City
Amazon first quarter net earnings slumped 33% to $201 million. ConocoPhillips first quarter net income rose to $3 billion. Moody