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Australian Banks Under Pressure; BHP Billiton Turns Cautious

Marcus Jacob
17 Nov, 2011
New York City

Stocks in Sydney trading gained and the dollar traded near parity with the U.S. currency. BHP Billiton struck a cautious note at the annual general meeting and said recent iron ore price softness is temporary. The mining giant also confirmed the $80 billion capital expenditure plan to 2015.

Euro Zone Construction Output Eases; German Employment Rises

Arthi Gupta
17 Nov, 2011
New York City

The gross domestic product in the OECD area and German employment rose in the third quarter. Construction output in the euro zone increased 0.4% annually in September. Dutch jobless rate rose in October. Swiss economic expectations declined in November.

Spanish Debt Auction at Record Yield; Euro Zone Banks Worries

Arthi Gupta
17 Nov, 2011
New York City

European indexes fell after Spain sold

S&P 500 Index Drops 1.7%; Central Banks Lower Outlooks

Bikram Pandey
16 Nov, 2011
New York City

U.S. stocks accelerated the fall in the afternoon after crude oil surged more than 3% and narrowed the spread between two grades. The rising energy prices overshadowed the decline in inflation and a rise in production last month. Italy appointed new government but bond market stress reached France.

Prices Fall in October, Production Rises; Oil Jumps to 5-month High

Nichole Harper
16 Nov, 2011
New York City

U.S. stocks pare losses and crude oil jumped above $101 a barrel for the first time in five months. U.S. consumer prices fell in October and industrial production increased at 0.7% in the month. Citigroup, BNP Paribas and Bank of America trim work forces.

Italian, French Yields Rise as Monti Forms Government; Vivendi Up

Devan Biswas
16 Nov, 2011
New York City

Stock markets in the European region declined as bond yields remained high. French bonds spread to German bund rose to a record high of 195 basis points. UK jobless rate in third quarter increased to 8.3%. Vivendi lowered annual income outlook.

Japan Left Rates on Hold; Shipping Companies at 10-year Low

Nigel Thomas
16 Nov, 2011
New York City

Japanese stocks declined and Bank of Japan left its key lending rate near zero and held its asset purchase program at $260 billion. Central bank also lowered its economic assessment and highlighted risks emerging from the euro zone.

Australian Dollar Lower; Spotless Receives $700 Million Bid

Marcus Jacob
16 Nov, 2011
New York City

Stocks in Australia lost momentum in the afternoon on the rising worries in the euro zone. Seasonally adjusted wages in the quarter to September increased 0.7%. BHP Billiton approved the investment in the development of the largest open iron ore mine in Western Australia.

S&P 500 Drifts 0.6% Higher, Commodities Gain

Bikram Pandey
15 Nov, 2011
New York City

U.S. stocks advanced after retail sales gained and wholesale prices fell. Wal-Mart, Home Depot, TJX and other retailers reported mixed but rising earnings. European sovereign bonds yields rose as fears of contagion spread to core euro zone members.

Retail Sales Rise, Wholesale Prices Fall; Core Euro Zone Wobbles

Nichole Harper
15 Nov, 2011
New York City

U.S. stocks trade higher after October retail sales rise at 7.2% annual rate and wholesale prices fall at the steepest pace since February 2010. The positive economic data overshadowed the rising debt stress in the euro zone as yield increase in sovereign bonds spread to core euro zone.

U.S. Movers: Dick

Mukesh Buch
15 Nov, 2011
New York City

Dick

Crisis of Confidence in Europe; Yields Rise in Italy, Spain, Holland, Belgium

Devan Biswas
15 Nov, 2011
New York City

Confidence crisis deepened as bond yields continue to rise for Italy and Spain. The fear in the euro zone reached more nations after sovereign yields rose for bonds of Belgium, Holland and Austria and French bond yield spreads to German bunds soared to a 20-year high.

Nikkei in Japan Falls; Sumitomo Mitsui, Mitsubishi UFJ in Focus

Nigel Thomas
15 Nov, 2011
New York City

The Nikkei index declined for the first time after rising for three days in a row. The continued turmoil in the euro zone, rising inflation in China and ongoing supply disruptions overwhelmed investor sentiment. Sumitomo Mitsui said it will buy back 1.6% of its stock.

Australian Stocks Ease; Commonwealth Bank Cautious Oulook

Marcus Jacob
15 Nov, 2011
New York City

Australian stocks eased on the worries that the euro zone volatility will persist for several years as Greece and Italy struggle to control spending and lower borrowing. Commonwealth Bank issued gloomy outlook. Uranium miners surged after Australia lifted exports bans to India.

Global Markets Slip; Buffett Targets IBM

Bikram Pandey
14 Nov, 2011
New York City

U.S. indexes eased and declined as much as 1% on the rising worries that the euro may face a heavy selling pressure as Italy battles to implement austerity measures. The euro eased 1% and European markets turned lower after yields on Italian bonds remained elevated.

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