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Australian Stocks Drop 0.8%, Jobless Rate Eases to 5.8%

Marcus Jacob
10 Dec, 2015
New York City

Australian market down following weak global markets and despite the positive jobs report. Unemployment rate fell to 5.8% in November and the Australian economy created 71,400 new jobs. Austal Limited tumbled 25% after issuing a profit warning.

Sensex Halts 6-Day Decline, India Offers Ship Building Assistance

Sarla Buch
10 Dec, 2015
New York City

Sensex in Mumbai halted 6-day decline after markets in Asia rebounded and investors searched for bargains. Shipping companies led the gainers after the government approved financial assistance to ships built in India. Bharti plans to launch 4G service in Rajasthan.

Nikkei Falls to 5-Week Low and Extends 3-Day Losses

Hiruki Nakamura
10 Dec, 2015
New York City

The Nikkei average extended 3-day losses and the referenced index dropped to a five-week low after the yen advanced. The producer price index in November fell 0.1%.

U.S. and World Stocks Meander, Oil Halts 5-Day Sell-Off

Nichole Harper
09 Dec, 2015
New York City

Stocks on Wall Street meandered and crude oil price halted five-day sell-off of 10%. Dow Chemical and DuPont surged more than 8% after two companies were said to be in advanced merger talks. European markets trimmed losses.

Dow, Du Pont Explore Merger; Yahoo! to Spin-off Core Business

Mukesh Buch
09 Dec, 2015
New York City

Dow Chemical and Du Pont are in advance merger talks. Yahoo! plans to spin-off its core business into a separate company. Costco net fell 3%. Korn/Ferry net tumbled 29%. Lululemon net plunged 12%. Vera Bradley net soared 49%.

Nervous European Markets on Weakening Resource Sector

Lucy Stoeva
09 Dec, 2015
New York City

Europe extended losses on concerns about growth in China and pressure from commodity stocks. Alternative Networks net soared 42%. Stagecoach tumbled after profit declined 7% and earnings forecast deteriorated. Xchanging agreed to be acquired by Computer Sciences Corp.

Australian Stocks Extend Losses, Consumer Confidence Falls

Marcus Jacob
09 Dec, 2015
New York City

Australian markets extended losses as overall commodity prices test new seven-year lows. Consumer confidence index fell 0.8% in December and the total number of home loans in October dropped 0.5%.

Nikkei Falls on Commodities Gloom, Machine Orders Surge

Hiruki Nakamura
09 Dec, 2015
New York City

Nikkei average fell 1% on the deepening gloom in commodities market and another day of sustained losses in New York and European stocks overshadowed the surge in core machine orders. Hakuhodo Dy Holdings said November sales soared 12.5% from a year ago.

Sensex in 6-Day Decline on GST Jitters, M&M Vehicle Sales Surge 46%

Sarla Buch
09 Dec, 2015
New York City

Broader market in Mumbai declined for the sixth day in a row as politicians across all major parties wrangle ahead of goods and service tax reform bill. Mahindra & Mahindra said November vehicle sales soared 46.5%. Rajesh Exports extended its order winning streak in UAE.

Another Day of Sell-off in Global Stocks Sparked by Weakening Commodities

Nichole Harper
08 Dec, 2015
New York City

With weak sentiment, S&P 500 index opened lower and struggled to rebound in the positive zone after a sell-off in Asia and in Europe. Crude oil price extended losses and two largest mining companies announced additional cuts in capital spending.

Children's Place Jump; Barnes & Noble, HD Supply, United Natural Plunge

Mukesh Buch
08 Dec, 2015
New York City

AutoZone net soared 8%. Barnes & Noble Education net plunged 18%. Conn''''s net loss narrowed. Children''''s Place jumped 4%. Casey''''s General profit soared 58%. HD Supply net surged. Toll Brothers net advanced 7%. United Natural Foods net plummeted 9%.

European Markets Ease 1% on Second Day Decline in Commodities

Nigel Thomas
08 Dec, 2015
New York City

European market indexes dropped more than 1% led by a second-day decline in energy and resource complex stocks. Anglo American suspended its dividend for the second-half of the year. Enquest approved a $125 million project in the North Sea. Schaffner profit tumbled 50%.

Iron Ore Price Halves Again in 2015, Australian Markets Ease

Marcus Jacob
08 Dec, 2015
New York City

Australian markets struggled after a steep slide in oil and iron ore prices. Rio Tinto cut its forecasted capex for a third time this year. Woodside Petroleum terminated its $11.6 billion takeover proposal for rival Oil Search.

Sensex in Mumbai Declines to 3-Month Low, Religare Sells Inusrance Stake

Sarla Buch
08 Dec, 2015
New York City

Sensex in Mumbai declined to a three-month low following Asia-wide correction after crude oil prices fell to a seven-year low. Tata Motors controlled Jaguar Land Rover retail sales in November surged 27%. Religare sold its stake in life insurance joint venture to Bennett, Coleman.

Nikkei Drops 1% on 7-Year Low Oil, Toshiba Faces Record Fine

Hiruki Nakamura
08 Dec, 2015
New York City

Stocks in Tokyo declined as low commodity prices dragged down energy and mining shares and crude oil prices declined to a 7-year low. The gross domestic product was revised to 1% expansion in the third quarter and the current account surplus in October widened.

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