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U.S. Indexes Extend World Markets Rally; Home Prices Fall

Devan Biswas
27 Sep, 2011
New York City

U.S. stocks extended rally for the second day in a row and copper rebounded from a seven day decline. The euro advanced 0.5% after European leaders appear to agree on leveraging the rescue fund and Greece is set to approve more austerity measures.

U.S. Movers: American Greetings, Ferrellgas, Neogen, Walgreen

Mukesh Buch
27 Sep, 2011
New York City

American Greetings second quarter net income soared to $14.5 million. Ferrellgas reported first quarter net loss widened to $40.5 million. OneOk estimated fiscal 2012 net income to increased 20%. Walgreen fourth quarter net income more than doubled to $792 million.

Nikkei in Japan Gains 2.8%; Dividend Recapture Boosts Demand

Nigel Thomas
27 Sep, 2011
New York City

Stocks in Japan rebounded following a rally in Asian markets. The optimism linked to the euro zone progress in containing the widening debt contagion and the last day to purchase stocks to receive first half dividend also supported the indexes.

Australian Stocks Rebund 3.6%; CP2 Receives 80% ConnectEast Shares

Marcus Jacob
27 Sep, 2011
New York City

The Australian benchmark index soared 3.6% after falling for three days in a row. The rally in Australian and in the wider Asian markets was supported on the speculation that the euro zone leaders are close to finalizing the rescue fund details. CP2 won approval of 80% ConnectEast shareholders.

U.S., Europe Indexes Jump 2% on Greek Hopes

Bikram Pandey
26 Sep, 2011
New York City

U.S. markets shot up following markets in Europe on the hopes that European policymakers will are close to containing the Greek debt crisis. The speculation on both sides of Atlantic drove more than 2% on the imminent steps to pump more liquidity in the banks and contain Greek crisis.

Wall Street Higher, Home Sales Weak; Greek Crisis Drags On

Devan Biswas
26 Sep, 2011
New York City

U.S. indexes attempted a rebound after a week of decline. Commodities traded mixed and oil rose 1.5%. New home sales declined in August and median prices fell. European markets closed higher on the hopes Greek crisis may be contained and Asian markets extended losses.

Nikkei Declines 2%, Nippon Electric Falls

Nigel Thomas
26 Sep, 2011
New York City

Stocks in Japan extended losses after a 3-day weekend. The yen edged higher and trading companies led the decliners. Commodities traded lower. Nippon Electric Glass fell after it lowered its fiscal first half outlook.

Australian Indexes in 3-day Sell-off, Newcrest Mining Down 9%

Marcus Jacob
26 Sep, 2011
New York City

Australian stocks extended losses for the third day in a row and markets in Asia declined. The ongoing turmoil in the euro zone is dampening the prospects of higher exports in Europe. Commodities prices declined sharply for the third day with gold trading 15% lower in seven days of trading.

Euro Area Confidence Deteriorates; Spanish Inflation at 3.1%

Arthi Gupta
29 Sep, 2011
New York City

German unemployment declined, European new commercial vehicle sales soared, and Hungarian producer prices fell in August. Euro-zone retail sales dropped for the fifth consecutive month and Spanish inflation rose in September.

Germany Approves Euro Fund Expansion; Italy

Arthi Gupta
29 Sep, 2011
New York City

The European indexes gained after German lawmakers agreed to expand the bailout fund. Italy sold

Gold Plunges $100, Silver Drops 18%; World Stocks Struggle

Bikram Pandey
23 Sep, 2011
New York City

The U.S. indexes struggled to stay positive and lost more than 5.3% in the week. Gold plunged $101.90 or 5.9% and lost 9.7% in the week and silver tumbled 18%, largest one day loss in 27 years. Investors dumped stocks in Europe and Asian markets decreased.

U.S. Stocks Rebound; European Markets Focus on Greece

Devan Biswas
23 Sep, 2011
New York City

U.S. stocks rebounded after a two-day selloff that knocked off 7% from indexes. U.S. Treasury yield on 10-year bond increased to 1.77% and the dollar edged higher. Greece remained in focus in European trading. Hewlett Packard declined after investors disagreed with the appointment of Whitman.

U.S. Movers: Cintas, KB Home, Nike, Tibco, Finish Line, Mosaic

Mukesh Buch
23 Sep, 2011
New York City

Cintas first quarter net earnings increased 12% to $68.6 million. Cavium update financial outlook for third quarter. NIKE first quarter net income increased 15% to $645 million. Mosaic first quarter net earnings surged 77% to $526 million. TriQuint lowered its third-quarter earnings outlook.

European Markets Slide 3%; G20 Statement Ring Hollow

Devan Biswas
23 Sep, 2011
New York City

European markets dropped for the third day in a row after a joint statement from G20 nations failed to offer any specific new initiatives. The fire storm of talks in Washington among policymakers and world finance leaders has failed to convince world markets.

Australian Index in Weekly Loss of 5.7%

Marcus Jacob
23 Sep, 2011
New York City

Australian stocks extended losses for the second day in a row and declined 5.7% in the week and fell 8% in the month. The G20 statement failed to convince world markets and indexes in Asia declined.

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