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Market Update

Europe Looks to IMF to Bolster Rescue Fund; Banks Ratings Lowered

Arthi Gupta
30 Nov, 2011
New York City

European indexes traded higher after finance ministers in the region sought the help of the ECB and the IMF to increase the fund size to

Australian Business Investment Soars; Home Prices Fall

Marcus Jacob
30 Nov, 2011
New York City

Australian stocks edged higher and business investments surged at a record pace in sixteen years and mining companies race to complete $232 billion of projects. Home prices declined at a faster pace in Melbourne and Brisbane in October.

Confidence Data Lift U.S. Stocks; European Leaders Seek IMF, ECB Help

Bikram Pandey
29 Nov, 2011
New York City

Market sentiment was positive after consumer confidence improved in November. The second data economic data after strong retail sales during the holiday weekend lifted spirits on the Wall Street. European leaders struggled to arrange more financing for the rescue fund.

Nikkei in Tokyo Surges; Jobless Rate Rises to 4.5%

Nigel Thomas
29 Nov, 2011
New York City

Stocks in Japan closed higher for the second day in a row tracking the strength in international markets. The strength in yen continues to affect the jobs climate. October unemployment rate increased to 4.5% as more people join labor force. Shippers and steelmakers rebound but trade near the lows.

Australian Stocks Extend Gains; Mid-Year Budget Deficit Rises

Marcus Jacob
29 Nov, 2011
New York City

Australian stocks gained for the second day in a row and investors focused on the mid-year budget. The government hopes that the estimated deficit of $37 billion will turn to a surplus in the next year.

U.S. Movers: AMR Corp., Copart, Hillenbrand, Tiffany, Thor

Mukesh Buch
29 Nov, 2011
New York City

AMR Corp. filed voluntary petitions for Chapter 11 for Bankruptcy. Copart fourth quarter net increased 8.8% to $41.1 million. Seagate forecast higher sales for several quarters. Tiffany third quarter net surged 63% to $89.7 million.

American Airlines Parent AMR in Bankruptcy, U.S. Stocks Higher

Arthi Gupta
29 Nov, 2011
New York City

The U.S. indexes gained on optimism of a resolution to the European debt crisis. Fitch affirmed its highest rating to the U.S. debt and the decision is questioned by many investors. KKR agreed to acquire Capital Safety for $1.1 billion.

UK Growth Outlook Lowered; Home Prices Rise

Arthi Gupta
29 Nov, 2011
New York City

The UK indexes dropped after the growth forecast for the UK economy was lowered. The mortgage approvals for home purchases rose in October and home price growth accelerated in November.

O.E.C.D. Inflation Eases; Spanish Retail Sales Fall

Arthi Gupta
29 Nov, 2011
New York City

O.E.C.D. area annual inflation eased, French jobless claims increased to record 4.9%, and retail sales in Spain decreased in October. Euro area economic sentiment declined and Belgian inflation rose in November.

European Banks Downgrade; Record Yields in Italian Debt

Arthi Gupta
29 Nov, 2011
New York City

European indexes edged higher ahead of a meeting of euro area finance ministers today. Banking stocks declined after Moody''s placed on review for downgrade 87 European banks. Italy paid record yields in an auction of

Wall Street, Europe Surge More than 2%

Bikram Pandey
28 Nov, 2011
New York City

The U.S. indexes surged after easing for seven days in a row. Strong start of the widely tracked holiday sales lifted the expectations for the next three weeks of retail sales. European markets soared on two rumors and continued expectations of political actions.

Nikkei Adds 1.6%; Nintendo, Honda, Olympus Rise

Nigel Thomas
28 Nov, 2011
New York City

The Nikkei index in Tokyo increased for the first time in six days after U.S. holiday sales soared on the critical Thanksgiving. Shipping companies rebounded after freight rates rebounded. Nintendo extended gains for the second day in a row.

UK Indexes Soar 2.9%; Growth Outlook Lowered

Arthi Gupta
28 Nov, 2011
New York City

The UK indexes surged tracking gains in Europe and U.S. The BCC lowered growth outlook for the UK economy. Home prices in the UK fell and retail sales slumped in November. Ireland''s retail sales rose in October.

Australian Stocks Rebound; Qantas Estimated Net Drop of 66%

Marcus Jacob
28 Nov, 2011
New York City

Australian stocks closed higher after the U.S. holiday sales showed a marked increase from a year ago. Markets in Asia and commodities rose. Qantas Airways Limited estimated first half profit to decline 66% on higher fuel and workers strike.

Thanksgiving Sales, Europe Hopes Lift U.S., Global Indexes

Arthi Gupta
28 Nov, 2011
New York City

The U.S. indexes traded higher on better-than-estimated retails sales on Black Friday. The Iraq government signed a $17 billion dollar gas deal with Basrah Gas. Bombardier won Indian rail contract worth $214 million.