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Nikkei in Tokyo Fall as Global Markets Weaken

Nigel Thomas
15 May, 2012
New York City

Stocks in Japan eased as resources linked companies declined for the second week in a row. Tokyo stocks fell in sympathy with global markets after euro zone political and economic worries overwhelmed domestic earnings in Japan and Asia.

JPMorgan $2 Billon Loss Weighs on Wall Street Trading

Arthi Gupta
11 May, 2012
New York City

U.S. indexes edged lower after JP Morgan announced a $2 billion trading loss. The producer price index fell 0.2% in April. The International Energy Agency lifted its global oil demand forecast. Panasonic reported net loss and Sony estimated lower than expected net in the current fiscal year.

Australian Miners Down on Euro Zone Worries

Marcus Jacob
15 May, 2012
New York City

Australian stocks eased on the growing confirmation that the euro zone is sliding into a recession and Greece is likely to face another parliamentary election as early as next month. Resources linked stocks declined and gold and energy stocks led the losers.

French Investment Growth Lowered, Swedish Jobless Rate Flat

Arthi Gupta
11 May, 2012
New York City

German and Spanish inflation rose but Swedish jobless rate remained unchanged in April. French manufacturing industry estimated investment growth at 6% this year.

EC Estimates Spanish Deficit Above 6%; Credit Agricole, Telefonica Net Plunge

Arthi Gupta
11 May, 2012
New York City

The European indexes edged lower after the European Commission said Spain

Tokyo Stocks Pare Gains; Nissan, Takeda Down on Earnings Worries

Nigel Thomas
14 May, 2012
New York City

The benchmark index Nikkei closed up but the Topix declined for the fourth day in a row. Index losses were limited after China eased bank reserve requirements for the third time in six months.

UK Manufacturing Rises, Bank of England Holds Rates, Bond Program

Arthi Gupta
10 May, 2012
New York City

The UK indexes gained. The BoE policymakers retained the size of quantitative easing and interest rate unchanged. The UK production fell but manufacturing output rose in March. Irish inflation eased to 15-month low in April.

Australian Dollar Falls Below Greenback Parity

Marcus Jacob
14 May, 2012
New York City

Australian stocks gained as miners edged lower and the dollar fell to a new low in five-months and declined below parity with the greenback. The declined after comments from the central bank official indicating weak long term growths in Australian economy outside the mining sector.

U.S. Jobless Claims Fall, Deficit Widens; Coty Raises Offer for Avon

Arthi Gupta
10 May, 2012
New York City

U.S. indexes rose after weekly jobless claims fell 1,000 to 367,000, trade deficit widened more than estimated in March but import prices fell in April. Coty revised its offer for Avon Products with the help of Berkshire Hathaway financing. Cisco drops after revenues grow less than expected.

Largest Weekly Loss in Nikkei in Four Years

Nigel Thomas
11 May, 2012
New York City

Tokyo stocks declined for the third day in a row and the Nikkei index dropped 4.6% at the close of the week, the largest weekly loss in four years. Investors sold stocks linked to China after the latest batch of economic data signalled healthy but slowing economic growth.

Australian Indexes Suffer Largest Weekly Loss in Seven Months

Marcus Jacob
11 May, 2012
New York City

Australian stocks closed lower and suffered the largest weekly loss in seven months. China reported slowing but still healthy industrial production, retail sales and a steady inflation. Australian importers curb the purchase of online apparel by Australians on overseas websites.

French Output Rises, Sentiment Flat; Greek Unemployment at 21.7%

Arthi Gupta
10 May, 2012
New York City

Greek jobless rate rose to 21.7% in February, French manufacturing output unexpectedly rose and Spanish home transfers declined in March. Czech annual inflation eased and jobless rate dropped in April.

Greek Political Deadlock Continues, ArcelorMittal Net Plunges

Arthi Gupta
10 May, 2012
New York City

The European indexes edged lower after the Greek political turmoil intensified and the nation is heading for another snap election in less than two months. The European Financial Stability Facility confirmed the release of

UK Retail Sales Fall, InterContinental Profit Soars

Arthi Gupta
09 May, 2012
New York City

The UK indexes dropped 1% tracking losses in Europe as Greece struggles to form a new government and the prospect of another election looms large. Retail sales in the UK fell in April. GlaxoSmithKline planned to take its hostile $2.6 billion bid for U.S.-based Human Genome Sciences to shareholders.

Global Indexes Falter as Greek Turmoil Deepens, Fannie Reports Profit

Arthi Gupta
09 May, 2012
New York City

U.S. and global indexes edged lower as Greek leaders struggle to form a new government. Political chaos in Greece raised concerns that the nation may cancel its bailout terms and may head for another election in the next six weeks. Toyota net and sales rose in the fourth quarter.

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