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Nikkei Halts Nine Weeks of Decline, Japan's GDP Revised Higher

Nigel Thomas
08 Jun, 2012
New York City

Stocks in Japan plunged on global worries despite better than expected domestic economic data. The GDP in the final quarter of fiscal year ending in March increased 1.2% and current account surplus was lower than expected in April. The Nikkei halted nine week of losing streak.

Australian Stocks Lose Weekly Advance

Marcus Jacob
08 Jun, 2012
New York City

Australian indexes fell more than 1% after resources linked stocks eased as commodities prices declined. Three of the four largest banks in Australia passed on most of the latest rate cut from central bank. Qantas plunged 10% and extended losses for the fourth day.

China Rate Cut Fueled Rally Falters on Wall Street

Bikram Pandey
07 Jun, 2012
New York City

U.S. stocks lost steam in the final hour of trading and China cut rate unexpectedly and Spain completed the sale of long term bonds. The mood in New York turned cautious after tech stocks failed participate in the broader rally. Gold tumbled.

U.S. Movers: Lululemon, J. M. Smucker, Navistar, Pall Corp., Titan Machinery

Mukesh Buch
07 Jun, 2012
New York City

American Greetings acquire UK based Clinton Cards. Lululemon dropped after the retailer offered weaker outlook. Molina Healthcare withdrew current year earnings guidance. J. M. Smucker fourth quarter net increased 9.7% to $104 million.

U.S. Jobless Claims Decline, Wall Street Higher on Global Gains

Devan Biswas
07 Jun, 2012
New York City

Stocks wavered in New York trading after jobless claims declined and Fed Chairman offered cautious assessment of the economy that failed to offer any new insights in the economic dynamics. Best Buy founder resigned and plans to explore stake sale in the retailer.

Spain Sells

Devan Biswas
07 Jun, 2012
New York City

European markets advanced after political leaders stepped up activities that may lead to direct lending to Spanish banks. IMF officials estimate as much as

Nikkei Extends Gains in 3-Day Rally

Nigel Thomas
07 Jun, 2012
New York City

Nikkei index in Japan gained for the third day in a row and traders prepared to square stock options tomorrow. Talks of direct lending to Spanish bank for the European leaders lifted market sentiment.

Australian Unemployment Steady at 5.1%

Marcus Jacob
07 Jun, 2012
New York City

Australian stocks advanced for the third day in a row after the latest jobs report showed healthy gains in May. Employers added 50,000 net new jobs in May after adjusting for seasonal factors and unemployment rate held steady at 5.1%.

S&P 500 Index Jumps 1.8%; Gold, Oil Rise

Bikram Pandey
06 Jun, 2012
New York City

U.S. indexes soared as investors shifted their focus to domestic companies and impending earnings season next week. Financials and industrials were in demand. Nasdaq OMX Group approved a plan to set aside $40 million to pay for losses from mishandled Facebook public offering.

U.S. Movers: Bob Evans, Cyberonics, Fastenal, Home Depot, Vail Resorts

Mukesh Buch
06 Jun, 2012
New York City

Bob Evans fourth quarter net soared 20% to $22 million and Cyberonics surged 57% to $11 million. Fastenal said May sales grew 18.4% to $274.8 million. Iron Mountain pursues conversion to a REIT. Home Depot reaffirmed sales and earnings guidance for the current year.

Rates on Hold in Europe, EC Proposes Bank Recovery Plan

Devan Biswas
06 Jun, 2012
New York City

European markets advanced after the central bank held its key lending rate at 1% and announced more liquidity measures and highlighted downside economic risks. The estimate of GDP growth in the March quarter in the euro zone was held flat. German production declined 2.2% in March.

U.S. Indexes Rise, Productivity Estimate Lowered

Arthi Gupta
06 Jun, 2012
New York City

U.S. indexes inched ahead on the hopes on new stimulus measures. The European Central Bank left its key interest rate unchanged for June. News Corp. agreed to acquire 50% stake in ESPN STAR Sports. Home Depot reiterated its current year outlook.

Japanese Stocks Advance, Nintendo Falls

Nigel Thomas
06 Jun, 2012
New York City

Stocks in Tokyo rebounded and export sensitive sectors led the surge after the service sector in the U.S. expanded at a faster rate and Australia reported strong GDP growth. Nintendo edged lower after the latest product release disappointed analysts.

Strong GDP Growth in Australia on Household Spending Strength

Marcus Jacob
06 Jun, 2012
New York City

Australian economy expanded at 1.3% in the March quarter and registered its second best growth rate in the last five years. The surprise strength in the household spending added to the strong investment in the mining sector. Four largest banks failed to pass along the latest rate cut.

Wall Street Turns Higher on Service Data, G7 Quiet on Steps

Bikram Pandey
05 Jun, 2012
New York City

U.S. stocks traded higher after service industry expanded at a faster pace in May and G7 leaders failed to agree on specific steps to arrest widening financial contagion in the euro zone. Spanish bonds spread traded above 5% to German bunds. Commodities were under pressure.

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