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Australian Markets Await Rate Decision; Rio Tinto Wins Rail Approval

Marcus Jacob
02 Mar, 2012
New York City

The Australian index gained 0.8% in the week and the dollar eased ahead of central bank rate decision next week. Harvey Norman lowered its online sales expectations only months after its online presence.

Wall Street Gains as Auto Sales Surge; Oil Above $109

Bikram Pandey
01 Mar, 2012
New York City

U.S. stocks and commodities gained after construction spending and manufacturing indexes fell. Auto sales surged in February and same store sales at select retail chains were ahead of expectations. European ministers approved the rescue fund bond issuance.

U.S. Jobless Claims at 4-Year Low; Construction Spending Drops

Arthi Gupta
01 Mar, 2012
New York City

The U.S. indexes edged up after mixed domestic economic data and construction spending and manufacturing index fell but personal income and spending rose less than estimated. U.S. jobless claims were at their lowest level in almost four years.

U.S. Movers: Costco, Dresser-Rand, Kroger, Staples

Mukesh Buch
01 Mar, 2012
New York City

Chrysler February sales soared 40%. Costco second quarter net increased to $394 million. Dresser-Rand fourth quarter net increased to $68.7 million. Edison International fourth quarter net loss swung to $839 million. Kroger fourth quarter net loss swung to $306.9 million.

European Inflation at 2.7% and Record Unemployment

Arthi Gupta
01 Mar, 2012
New York City

European indexes rose after Spain raised

Japanese Stocks Trade Lower; Softbank Wins License

Nigel Thomas
01 Mar, 2012
New York City

Stocks in Tokyo edged lower for the second day in a row after the yen softened and capital spending rose 7.6% in the December quarter. Softbank won a new spectrum license to expand data services.

Miners Lower in Australia; Woolworths Net Falls 16%

Marcus Jacob
01 Mar, 2012
New York City

Australian indexes declined 1% after copper and gold prices declined more than 4% in international trading. Woolworths reported the sharpest fall in earnings in two decades and the smallest profit in three years.

U.S. and Global Markets Sideways; Gold Down 4%

Bikram Pandey
29 Feb, 2012
New York City

World markets focused on the second instalment of cheap loans from the European Central Bank allowing politicians to find ways to stimulate growth. Asian markets gained after Japan and South Korea reported manufacturing advances and growth in India faltered. Gold and silver dropped more than 4%.

U.S. Growth Revised Up to 3%, Stocks Struggle

Nichole Harper
29 Feb, 2012
New York City

U.S. stocks got lift after the estimate of economic growth in the fourth quarter was revised higher. Fed Chairman Bernanke said job market is far from normal despite the recent drop in unemployment rate and said pace of economic recovery is modest and uneven.

European Banks Bid

Devan Biswas
29 Feb, 2012
New York City

European Central Bank second liquidity operation attracted

Indexes in Tokyo Lose Momentum; Production Rises 2%

Nigel Thomas
29 Feb, 2012
New York City

Stocks in Tokyo lost most of the gains of the session and industrial production surged to the highest level in January since last March. Manufacturers expect output to continue to rise for the next two months. Elpida plunged 97%.

Australian Retail Sales Up 0.3%; Construction Spending Falls 4.6%

Marcus Jacob
29 Feb, 2012
New York City

Australian stocks lost steam in late trading after retail sales in January increased 0.3% and personal credit growth was weak and construction spending fell in the last quarter. WorleyParsons and Harvey Norman reported weaker than expected results.

World Markets Sideways; U.S. Home Prices at 9-year Low

Bikram Pandey
28 Feb, 2012
New York City

Tech stocks advanced and commodities gained as U.S. indexes gained a fraction. European markets were cautious as banks prepare to participate in the second extended loan program. Japan based Elpida Memory filed bankruptcy protection and the dollar edged lower against the euro.

Durable Goods Orders Plunge 4%; Confidence Rises

Nichole Harper
28 Feb, 2012
New York City

U.S. stocks traded sideways after durable goods orders fell in January at the sharpest pace in three years on weaker than expected demands for aircrafts and business equipment. Consumer confidence increased in February. Priceline.com soared on quarterly results. Cooper Tire settled a 3-month strike.

Italian Yields Fall to 9-month Low; Greek Initiates Debt Swap

Devan Biswas
28 Feb, 2012
New York City

European markets closed mixed and Greece kicked off its debt swap program with private holders. Portugal said it passed third check from troika and is not looking for more debt or more time to pay the current debt. Italian debt yields dropped to a 9-mnth low.

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