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Wall Street Rally Advances; Sears, Infosys in Focus

Bikram Pandey
12 Jan, 2012
New York City

U.S. stocks extended gains for the fourth time in the last five days and oil prices declined 2%. Banks were in focus ahead of earnings from JP Morgan and Wells Fargo. European markets gained on strong bond offerings from Spain and Italy. Infosys tumbled 8% after it offered muted outlook.

Japanese Current Account Falls 86%; Nikkei Down 0.7%

Nigel Thomas
12 Jan, 2012
New York City

Stocks in Japan declined and current account surplus narrowed in Japan by 86% on weak exports and lower energy demands. The Nikkei declined 0.7% ahead of the European rate decision. The yen traded near 11-year high against the euro.

U.S. Movers: Chevron, Infosys, Shaw Communications, Williams-Sonoma

Mukesh Buch
12 Jan, 2012
New York City

Chevron expects fourth-quarter earnings significantly below earlier expectations. Infosys third quarter net soared 15.4% to $458 million. Shaw Communications first quarter net surged to $202 million. Williams-Sonoma said revenues increased 4.2% to $901 million in the holiday period.

UK Production Falls 0.6%; RBS to Slash 3,500 Jobs

Arthi Gupta
12 Jan, 2012
New York City

The UK indexes rose after successful bond auctions by Spain and Italy and the Bank of England left key rate and bond purchase program unchanged. The UK industrial output declined in November. RBS planned to cut 3,500 jobs over three years.

U.S. Weekly Jobless Claims, Retail Sales Rise

Arthi Gupta
12 Jan, 2012
New York City

The U.S. indexes fell after U.S. retail sales rose and foreclosure filings drop to 49-month low in December and weekly jobless claims climbed to 399,000. Regions Financial agreed to sell its brokerage unit to Raymond James for $1.2 billion.

Australian Stocks Halt 2-day Rally; QBE Plunges

Marcus Jacob
12 Jan, 2012
New York City

Australian stocks halted advances after rising two days. QBE Insurance plunged as much as 24% after the company warned 2011 net to drop between 40% and 50% on higher than expected losses linked to natural disasters.

ECB Holds Rates; Greek Jobless Rate at 18.2%

Arthi Gupta
12 Jan, 2012
New York City

The European Central Bank left its interest rates unchanged and OECD leading index eased and euro area output declined in November. German inflation eased in December and Greek jobless rate rose more than anticipated in October.

Yields Tumble in Debt Auctions of Spain and Italy

Arthi Gupta
12 Jan, 2012
New York City

European markets edged higher after Spain raised double the target from the sale of its long term debt and Italy sold

Wall Street Views on Banks Lift Sentiment; Bond Offerings Heat Up

Bikram Pandey
11 Jan, 2012
New York City

U.S. stocks advanced after the release of the regional economic review and earnings optimism. Banks and resources sectors led the gainers. U.S. sold $21 billion of 10-year notes at 1.9%. In Europe, Spain and Italy are set to sell

Australian Indexes Gain 0.8%; Norsk Hydro Cuts Production

Marcus Jacob
11 Jan, 2012
New York City

Australian indexes closed higher on the optimism tracking the gains in the international markets and hopes of further monetary easing in China. High dollar forced more resource companies to halt materials processing and cut employment.

U.S. Movers: BorgWarner, Lennar Corp., Supervalu, Synnex, Tiffany

Mukesh Buch
11 Jan, 2012
New York City

BorgWarner expects 2012 earnings growth of 23% to 27%. Lennar Corp. fourth quarter net fell to $30.3 million. Supervalu third quarter net loss widened to $750 million. Tiffany net sales rose 7% to $952 million in the holiday period.

German Auction Drags European Indexes; Italian Yields Fall

Arthi Gupta
11 Jan, 2012
New York City

European markets edged lower after Germany sold

UK Trade Deficit Widens, Shop Price Inflation Eases

Arthi Gupta
11 Jan, 2012
New York City

The UK indexes declined on the mounting worries in the euro zone. The UK trade deficit widened in November and shop price inflation eased to 16-month low in December. BP and U.S.-based Sempra Energy planned $1 billion investment to develop wind farms.

U.S. Indexes Lower; Lennar Net Drops 5%

Arthi Gupta
11 Jan, 2012
New York City

The U.S. indexes declined ahead of the regional economic report from the Fed and Germany sold

German Economy Stalls; Spanish Output Deteriorates

Arthi Gupta
11 Jan, 2012
New York City

German economic growth stalled and Spanish output deteriorated for the third month in a row in November. The Italian budget deficit narrowed in the third quarter and Portuguese inflation eased in December.

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