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Euro Area PPI Eases; Fourth Monthly Rise in Spanish Unemployment

Arthi Gupta
02 Dec, 2011
New York City

Producer price inflation in the euro area eased and retail sales in Switzerland remained unchanged in October. Spanish unemployment rose for the fourth month in a row. Hungarian trade surplus was revised lower in September.

Merkel Seeks Deeper Fiscal Union; ThyssenKrupp Swings to Loss

Arthi Gupta
02 Dec, 2011
New York City

European indexes soared after German Chancellor Angela Merkel urges for tighter fiscal union. The French economy is estimated to grow 1% in 2012. Spanish jobless rate continues to rise in November. RBS agreed to sell its pub business to Heineken for

U.S., World Markets Rest After a 3-day Rally

Bikram Pandey
01 Dec, 2011
New York City

U.S. stocks traded sideways after a 3-day rally that lifted indexes as much as 6%. Banks declined after Massachusetts sued five U.S. banks including Citigroup, Bank of America and J.P. Morgan Chase & Co. Investors await payrolls data tomorrow.

UK Manufacturing Contracts; BP Sells Canadian Gas Unit

Arthi Gupta
01 Dec, 2011
New York City

The UK indexes pared gains after successful bond offerings from France and Spain but cautious comments from the ECB President. UK and Irish manufacturing output declined in November. The Bank of England urged banks to boost their capital levels.

Stocks in Japan Surge as BoJ Participates in Dollar Liquidity Swap

Nigel Thomas
01 Dec, 2011
New York City

The Nikkei index in Tokyo trading soared after Japanese central bank participated in a coordinated move with five other central banks to offer more dollar liquidity to the euro zone. Yamaha, the latest Japanese company, indicated it will resume production in a month in Thailand.

U.S. Weekly Jobless Claims Rise; Synopsys Acquires Magma

Arthi Gupta
01 Dec, 2011
New York City

The U.S. indexes slid after weekly jobless claims rose to 402,000. Spain and France completed the auctioned of

Australian Retail Sales Rise; Home Construction Dips Again

Marcus Jacob
01 Dec, 2011
New York City

Australian stocks soared following a surge in international markets after U.S. Fed coordinated dollar swap lines with five central banks and offered more dollar liquidity. Retail sales increased 0.2% in October, fourth monthly rise in a row but home building approval declined for the second month.

Euro-Zone Manufacturing Contracts; French Jobless Rate Rises

Arthi Gupta
01 Dec, 2011
New York City

Euro area manufacturing activity contracted in November. Germany''s exports and French jobless rate rose but Swiss gross domestic product eased in the third quarter.

Spain, France Auction

Arthi Gupta
01 Dec, 2011
New York City

European indexes traded mixed after surging more than 4% yesterday. Spain and France completed the auction of

Markets Across Atlantic Soar 3.5%; Oil Above $100

Bikram Pandey
30 Nov, 2011
New York City

Indexes in U.S. and Europe soared more than 3.5% after six central banks coordinated actions to offer more dollar liquidity at lower interest rate. Banks and commodities surged. The Fed

Nikkei in Japan Halts 3-day Rally; Pioneer Soars 7%

Nigel Thomas
30 Nov, 2011
New York City

The Nikkei index in Tokyo halted a rally of three days as Japanese banks were included in the latest worldwide downgrade of banks. Shipping companies continued to slide and steelmakers were for the second week in a row. Pioneer Corp surged 7% on the hopes of earnings recovery.

U.S. Movers: American Eagle, OmniVision, SeaDrill, The Fresh Market

Mukesh Buch
30 Nov, 2011
New York City

American Eagle third quarter net increased 6.3% to $52.4 million. Jos. A. Bank Clothiers third quarter net rose 19.3% to $15 million. OmniVision second quarter net slipped to $21.1 million. Ralcorp fourth quarter net loss in the quarter swung to $370.1 million.

UK Indexes Jump 2.9%; Nationwide Workers Strike

Arthi Gupta
30 Nov, 2011
New York City

The UK indexes soared on coordinated central bank action. Normal life paralyzed in Britain after public-sector workers and teachers went on a strike to protest austerity measures. UK housing equity injections rose in the second quarter.

U.S. Stocks Surge on Coordinated Central Bank Action

Arthi Gupta
30 Nov, 2011
New York City

The U.S. indexes soared after central banks of Europe, UK, Canada, Japan and Switzerland took a coordinated actions to ease liquidity crunch and lower rates for dollar swap lines by 50 basis points. U.S. private sector added 206,000 jobs in November. However, mortgage activity declined.

Euro Area Jobless Rate at 10.3%; Steady Inflation

Arthi Gupta
30 Nov, 2011
New York City

Euro area inflation remained steady but above the central bank target and German unemployment fell in November. France''s consumer spending was flat, the jobless rate in Italy and retail sales in Norway increased. Sweden''s current account surplus rose.

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