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Rally in Resource Sector Lifts Australian Indexes

Marcus Jacob
12 Dec, 2011
New York City

Australian stocks gained following a rally in resource and banking sectors. The benchmark index added more than 1% after European leaders pledged to meet tighter fiscal and financial guidelines.

Wall Street Indexes Jump 1.6%; Commodities Advance

Bikram Pandey
09 Dec, 2011
New York City

U.S. stocks rebounded and indexes jumped more than 1.6% and energy and metals advanced. Consumer sentiment improved and rally broadened in the late afternoon on positive earnings and on the third deal of more than $1 billion in as many weeks. Asian markets are set to open higher.

U.S. Movers: Blue Coat, Cooper Co, Pall, Harry Winston

Nichole Harper
09 Dec, 2011
New York City

Banks rebounded on the hopes that the European Central Bank will expand its bond buying program. Blue Coat Systems soared 44% after agreed to go private for $1.3 billion. Cooper Companies jumped 18% after it offered positive outlook for the year.

U.S. Indexes Rebound, Blue Coat Systems in $1.3 Billion Deal

Nichole Harper
09 Dec, 2011
New York City

Market indexes in New York rebounded after an agreement among the euro zone leaders and a rise in consumer sentiment. The positive sentiment lifted stocks of banks and industrials and the dollar held firm. Pall Corp soared on earnings and Blue Coat Systems agreed to go private for $1.3 billion.

European Markets Surge on Euro Agreement, Bond Yields Rise

Devan Biswas
09 Dec, 2011
New York City

European markets closed higher in a cautious trading after European leaders said they agreed on tougher debt and fiscal measures to avoid the repeat of debt crisis. The agreement was welcomed by the European Central Bank but no concrete steps were announced. Daimler AG gained and K+S declined.

European Leaders Agree on Treaty Changes; UK, Sweden Hold Out

Arjun Dave
09 Dec, 2011
New York City

European leaders agreed to a fiscal pact that will limit government spending and budget deficits to targets that are set and monitored by a central authority in the region with the enforcement powers. UK opposed the treaty changes but the euro zone nations and six other members agreed.

Nikkei in Tokyo Declined 1.5%; Quarterly Growth Lowered

Nigel Thomas
09 Dec, 2011
New York City

Markets in Tokyo and in Asia closed lower and trading volume surged on the settlements of derivatives contracts. The Cabinet Office lowered the fiscal second quarter annualized economic growth to 5.6% from 6%. Exporters fell on the ongoing euro zone worries.

Australian Index Decline Extends Weekly Loss to 2%

Marcus Jacob
09 Dec, 2011
New York City

Australian stocks closed sharply lower after European leaders haggled to implement fiscal compact and treaty changes. The decline in inflation in China also dragged market indexes to a low for the month. For the week the benchmark ASX 200 index dropped 2%.

Wall Street Down 2% on Euro Jitters

Bikram Pandey
08 Dec, 2011
New York City

Market indexes in New York closed lower as European leaders gather to find a solution to the growing debt contagion. Market mood soured after the European Central bank did not expand its sovereign bond purchase program. Banks in Europe also need to raise more capital. Initial jobless claims declined

U.S. Movers: DemandTec, McDonald's, Pacific Sunwear, Medtronic, Costco

Bikram Pandey
08 Dec, 2011
New York City

DemanTec Inc soared after the Internet tools maker agreed to be acquired by IBM for $440 million. MEMC Electronic Materials Inc said it plans to shutter some of its facilities and lay off 20% of its staff. Pacific Sunwear agreed to $160 million financing but did not detail the terms.

U.S. Indexes Lower on Dashed Hopes in Europe; Weekly Claims Fall

Nichole Harper
08 Dec, 2011
New York City

U.S. stocks traded in a tight range with a negative bias ahead of the European summit of leaders. Banks led the decliners after the ECB did not indicate if it planned to increase its sovereign bond buying program. Initial weekly jobless claims last week fell below 400,000.

European Markets Decline After Rate-Cut to 1%

Devan Biswas
08 Dec, 2011
New York City

European markets traded lower and small markets fell sharply. The European Central Bank lowered its benchmark rate 25 basis points to 1% and offered longer dated loans and expanded collateral it is willing to accept but failed to increase its bond buying program.

Tokyo Stocks Struggle Near 1-month High; Tepco Drops 11%

Nigel Thomas
08 Dec, 2011
New York City

The Nikkei index in Japan declined ahead of the European summit. Softbank led the net new subscriber additions for the mobile communications services for the 20th month in a row. Freight shipping companies struggled near the 10-year lows. Tokyo Electric dropped on nationalization worries.

Australian Unemployment Inches Up to 5.3%; IAG in Focus

Marcus Jacob
08 Dec, 2011
New York City

Australian stocks edged lower in a broad market weakness. The unemployment rate increased to 5.3% in November as employers cut more than expected full-time positions and added fewer than expected part-time jobs. IAG gains on takeover speculation.

World Markets Waver Ahead of EU Summit and Rate Decision

Bikram Pandey
07 Dec, 2011
New York City

U.S. stocks wavered as investors focused on the 2-day summit of European leaders and a possible rate cut on Thursday by the European Central Bank. Commodities gyrated and bond yields trended higher in New York and Europe. The entire board at Olympus is expected to resign.

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