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Jobless Claims Lift U.S. Sentiment; Euro Zone Default Worries

Bikram Pandey
29 Sep, 2011
New York City

U.S. indexes soared after unemployment claims declined below 400,000 and the economic growth was revised higher to 1.3%. The market sentiment was also bolstered after German lawmakers supported the expanded participation in the rescue fund. Commodities gained and oil rebounded.

U.S. Movers: AMD, AutoZone, Harleysville, Rite Aid, Mosaic, Thor

Mukesh Buch
29 Sep, 2011
New York City

Advanced Micro Devices lowered its revenue forecast for the third quarter. AutoZone board authorized the repurchase of additional $750 million of shares. Harleysville agreed to be acquired by Nationwide Mutual Insurance Co. Mosaic first quarter net earnings surged 77% to $526 million.

U.S. GDP Revised Up to 1.3%; Weekly Jobless Claims Fall

Arthi Gupta
29 Sep, 2011
New York City

U.S. indexes traded higher after weekly jobless claims fell 37,000 to 391,000 and the economy grew more than initially estimated in the second quarter. German lawmakers approved the resolution to increase the lending capacity of the European Financial Stability Facility.

UK Home Prices Up 0.1%; Money Supply Growth Slows

Arthi Gupta
29 Sep, 2011
New York City

The UK indexes traded sideways despite positive developments in Europe. The UK mortgage approvals rose more than estimated and money supply growth slowed in August. However, home prices in the UK rose 0.1% in September.

U.S. Indexes Drops 2% on EU Worries; Oil, Gold Slide 2.5%

Bikram Pandey
28 Sep, 2011
New York City

The jittery market indexes traded volatile as investors recalibrate hopes of quicker euro zone resolution. The slow moving political process is expected to lag the market expectations and indexes dropped 2% in New York. Europe lurches towards fiscal integration that may widen the rift among members.

S&P 500 Index in 3-day Rally; Oil, Silver Up 3%

Bikram Pandey
06 Oct, 2011
New York City

The 3-day rally in the U.S. stocks lifted the S&P 500 index 7% and small cap focused Russell 2000 index 11%. The dollar hovered near the recent highs and oil extended gains in the second day to 9%. European markets added 3%.

Best Weekly Gain in Australian Index in a Year

Marcus Jacob
07 Oct, 2011
New York City

Australian benchmark index gained for the third day in a row and closed up 3.9% in the week. Resources linked stocks led the gainers after commodities rebounded in Asian trading. National Leisure & Gaming ltd, the operator of 35 pubs entered into voluntary administration.

UK Indexes Fall 1.6%; Australia Approves SABMiller, Foster

Arthi Gupta
28 Sep, 2011
New York City

The UK indexes fluctuated after home prices in England and Wales and Irish retail sales dropped in August. The UK corporate credit availability remained unchanged in the third quarter. LCH.Clearnet entered into exclusive talks with LSE.

U.S. Movers: Actuant, Accenture, Darden, Family Dollar, Paychex

Mukesh Buch
28 Sep, 2011
New York City

Actuant fourth quarter net earnings swung to $41.4 million. Accenture fourth quarter net income rose 9% to $611.9 million. Darden first quarter net earnings fell to $106.6 million. Family Dollar fourth quarter net income rose 8% to $79.8 mn. Paychex first quarter net income rose 13% to $148.9 mn.

U.S. Durable Goods Orders Drop; Europe in Focus

Arthi Gupta
28 Sep, 2011
New York City

U.S. indexes gained after durable goods orders unexpectedly fell 0.1% in August. Investors are focused on developments in Europe. The European Parliament voted to adopt the proposals on economic governance to protect the region from future economic crises.

French Economy Stagnates; Italian Confidence Declines

Arthi Gupta
28 Sep, 2011
New York City

French economy stagnated in the second quarter. Germany import price annual inflation eased in August. Hungary''s unemployment rate remained unchanged during June to August. Sweden economic confidence index and Italian manufacturing confidence fell in September.

Japan Stocks Flat; Cautious Outlook on Euro Talks

Nigel Thomas
28 Sep, 2011
New York City

Stocks in Japan barely budged in cautious trading. Resources linked stocks and banks edged higher on the hopes of a resolution to the Greek crisis. Germany offered vocal support to Greece.

EC Proposes Transaction Tax, Finland Approves EFSF

Arthi Gupta
28 Sep, 2011
New York City

The European indexes traded sideways after dissent among euro area nations regarding the rescue package for Greece. European Commission proposed a financial transaction tax. The French economy stagnated in the second quarter. AXA confirmed options for private equity arm.

Australian Stock in Cautious Advance; Mortgage Delinquencies Rise

Marcus Jacob
28 Sep, 2011
New York City

Australian stocks rebounded at the opening but pared gains in the afternoon. Nufarm reported a higher net loss but also said net profit before charges rose 68%. Australia approved the purchase of Foster

U.S. Indexes Trim 3% Gains; Commodities Rebound

Bikram Pandey
27 Sep, 2011
New York City

U.S. and world markets rebounded on the hopes of a stronger policy response in the euro zone. The U.S. indexes trimmed earlier gains of 3% and copper, gold and oil surged. European indexes closed up 5% and Greece approved controversial property tax.

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