- Bikram Pandey
- 23 May, 2011
- New York City
U.S. stocks declined on global economic worries. Rating agencies downgrade of Greek and Italian debt only added to the market jitters. The dollar rose as the euro declined. Crude oil fell 2% and silver eased 1%. The Dow, S&P 500 index and the Nasdaq dropped more than 1%.
- Nigel Thomas
- 23 May, 2011
- New York City
European markets accelerated sell-off after China manufacturing slow down added to market jitters. Ratings agencies downgraded debts of Italy and Greece and regional elections losses in Spain also unnerved investors.
- Nigel Thomas
- 23 May, 2011
- New York City
Stocks in Tokyo fell on the worries that exports to China may suffer. The latest read on manufacturing index in China prompted a broker to lower its view on the makers of steel and construction machinery. The Nikkei index declined 1.5% as indexes in Asia dropped between 1% and 2%.
- Marcus Jacob
- 23 May, 2011
- New York City
Australian stocks dropped the most in two months after a private survey in China estimated near flat manufacturing in May. The weak manufacturing dragged markets in Asia. Territory Resources soared on an offer from Exxaro. Elders dropped 7% after it reported a loss.
- Bikram Pandey
- 20 May, 2011
- New York City
U.S. stocks turned lower in the morning and failed shake off losses at close. The incipient rally of two days came to a halt as the Dow closed lower for the third week in a row. Crude oil and gold closed higher as the dollar declined. European Union struggles to contain Greek crisis.
- Mukesh Buch
- 20 May, 2011
- New York City
Aeropostale first quarter net income declined 64% to $16.4 million. Donaldson third quarter net earnings surged 25% to $62 million. Intuit third quarter net income rose to $688 million. Salesforce.com first quarter net income tumbled to $0.5 mn. Gap first quarter net income declined 23% to $233 mn.
- Arthi Gupta
- 20 May, 2011
- New York City
The UK indexes rose after Irish trade surplus improved in March. MOEX agreed to pay $1.07 billion to BP on Deepwater Horizon oil spill. Mitchells & Butlers first-half revenue declined 9%.
- Arthi Gupta
- 20 May, 2011
- New York City
U.S. indexes traded lower after disappointing earnings from retailers. Merger news dominated trading. Fortune Brands sells Acushnet business to Korean consortium for $1.23 billion. Barnes & Noble received $1 billion buyout. Chrysler Group priced debt offerings to raise $7.5 billion.
- Devan Biswas
- 20 May, 2011
- New York City
Stocks in Mumbai gained on the optimistic outlook and ignored the resurgent inflation data. The rupee hovered near 2-month low. Reserve Bank of India discontinued its second liquidity adjustment facility as liquidity improves.
- Arthi Gupta
- 20 May, 2011
- New York City
The European indexes declined after euro-zone current account deficit narrowed and French leading index rose in March German producer price inflation increased in April. Siemens ordered to pay
- Nigel Thomas
- 20 May, 2011
- New York City
Stocks in Japan struggled despite foreign investors added net to net holdings for the 28th week in a row. Tepco reported 1.25 trillion yen or $15.2 billion of loss after the close. Banks declined on the uncertainty linked to Tepco debt.
- Marcus Jacob
- 20 May, 2011
- New York City
Australian stocks turned lower on weak regional trading. Commodities rebounded but miners declined after Western Australia lifted royalty payment on certain grades of iron ore. Fortescue Metals estimated iron ore reserves of 716 million tons at its project in Western Australia. Banks closed lower.
- Bikram Pandey
- 19 May, 2011
- New York City
U.S. stocks traded sideways as tech stocks displayed positive momentum. Investors questioned the surging valuation of the latest Internet public offering LinkedIn. Economic data suggested halting and slow recovering in manufacturing and home sales. Commodities fell and the dollar eased.
- Nigel Thomas
- 19 May, 2011
- New York City
European markets closed higher after commodities and resource linked stocks advanced. Glencore International closed up 2% on its first day of trading. Richemont declined after it reported lower than expected earnings. Pandora A/S plunged 15% after it increased prices of jewelry.
- Nigel Thomas
- 19 May, 2011
- New York City
Stocks in Japan declined after the economy shrank at 3.7% annual rate in the fourth quarter and fell for the second quarter in a row. The two quarters of decline in a row pushed the economy in recession. Renesas Electronics reported annual net loss in line with expectations.