- Devan Biswas
- 01 Nov, 2010
- New York City
U.S. stocks struggled as investors guessed the size of Fed stimulus this week. Commodities traded higher as the dollar traded volatile and China reported manufacturing expansion. Ambac Financial Group missed a bond payment and is seeking to file a bankruptcy.
- Bikram Pandey
- 01 Nov, 2010
- New York City
Baker Hughes Inc rose more than 5% after earnings exceeded expectations. EXCO Resources Inc soared after chief executive offered to take company private. Fortinet Inc soared on the takeover speculation. Wilmington Trust plunges on a lower than expected buyout offer.
- Arthi Gupta
- 01 Nov, 2010
- New York City
The UK indexes advanced after manufacturing activity growth accelerated unexpectedly and home prices fell in October. Irish private sector credit growth slackened in September. BG Group sanctioned Queensland Curtis LNG project.
- Arthi Gupta
- 01 Nov, 2010
- New York City
The European indexes traded sideways ahead of the rate decision in the U.S tomorrow. The IMF estimated economy in Poland to expand 3.5%. Swedish manufacturing growth slackened and Swiss industrial activity declined in October. ICBC agreed to buy U.S. brokerage firm from BNP Paribas.
- Arthi Gupta
- 01 Nov, 2010
- New York City
U.S. stocks gained after manufacturing index in China rose to 6-month high. U.S. personal income unexpectedly fell 0.1% in September. AIG raised $20.5 billion through AIA IPO. McKesson agreed to acquire U.S. Oncology for $2.16 billion in cash.
- Mukesh Buch
- 01 Nov, 2010
- New York City
Stock in Mumbai surged after market leader Reliance Industries, pharmaceuticals and banks report higher earnings. Hero Honda Motors fell 1.3% after net profit declined 15.33%. Reliance Industries fell 0.2%. The Shipping Corporation of India net surged six fold. TVS Motor surged 6.2%.
- Devan Biswas
- 01 Nov, 2010
- New York City
Stocks in Mumbai traded sharply higher after the market leader Reliance Industries reported 28% increase in earnings. Resource stocks gained after China reported faster economic growth. The Reserve Bank of India is expected to announce a rate hike tomorrow.
- Devan Biswas
- 01 Nov, 2010
- New York City
Stocks in Tokyo trading closed lower on the earnings worries and the prospect of the yen strengthening more. Currency traders are increasingly looking for the yen to strengthen another 7% before it stabilizes as the U.S. Fed is expected to stimulate the economy this week.
- Devan Biswas
- 01 Nov, 2010
- New York City
Stocks in Hong Kong and mainland China surged after the latest manufacturing report indicated sustained expansion. However, input prices gained at the fastest pace in October among all other sub indexes tracked. Resource stocks and banks led the gained. China Construction Bank Corp said net increased 31%.
- Devan Biswas
- 29 Oct, 2010
- New York City
U.S. indexes closed mixed after first read on the GDP showed slower than expected expansion. Consumer sentiment declined but the index of business activities showed an increase. Gold and silver rallied. Microsoft closed higher after earnings shot up 51%.
- Arthi Gupta
- 29 Oct, 2010
- New York City
The UK indexes slid after mortgage approvals fell to seven-month lows in September and consumer sentiment improved in October. Irish retail sales declined and private sector credit growth slackened in September. British Airways net rose.
- Bikram Pandey
- 29 Oct, 2010
- New York City
Deckers Outdoor surged after the footwear maker lifted full year outlook. Estee Lauder soared 12% after earnings exceeded expectations. Coinstar Inc soared after it raised earnings outlook. First Solar declined 7%.
- Arthi Gupta
- 29 Oct, 2010
- New York City
The European indexes fell after euro area annual inflation accelerated in October and jobless rate reached the highest level since 1998. German retail sales fell in September. Hungary and Dutch PPI rose in September. Polish Central Bank raised growth outlook for 2010.
- Mukesh Buch
- 29 Oct, 2010
- New York City
Stock in Mumbai rose. Bharat Heavy Electricals fell 0.6% and net profit rose 33.15%. ICICI Bank soared 6.5% after net profit rose 21.87%. ONGC fell 0.3% and net profit rose 5.88%. Tata Chemicals plunged 8.5% after net profit tumbled 42.96%.
- Arthi Gupta
- 29 Oct, 2010
- New York City
U.S. stocks traded lower after third quarter GDP expanded at 2%. GM planned to cut debt and pension obligations by $11 billion ahead of IPO. Le Gaga priced IPO of 10.87 million ADS at $9.50 each. MetLife agreed to a sell stake in Japan venture for $275 million. Microsoft earnings surged 51%.