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French Banks Plunge 10%, Italy Sells

Arthi Gupta
12 Sep, 2011
New York City

The European indexes plunged after reports on the rising worries of the capital adequacy at French banks. Italy sold

World Markets Plunge 3% on Greek Worries; Record Low in Euro

Bikram Pandey
09 Sep, 2011
New York City

World markets dropped sharply and the euro dropped to a record low against the yen and fell to a 6-month low against the dollar. U.S. and European indexes declined 3% and 2-year bond yields on Greek debt soared to 60%.

U.S. Indexes Drop 3% on Recession Fears, Euro Crisis Deepen

Arjun Dave
09 Sep, 2011
New York City

The U.S. and European indexes dropped more than 3%. President Obama proposed $447 billion jobs stimulus package that was quickly opposed by the Republican lawmakers. German bonds yields dropped to record low since 1999.

U.S. Movers: ABM Industries, Caliper Life, Kroger, Texas Instruments

Mukesh Buch
09 Sep, 2011
New York City

ABM Industries third quarter net income soared 33% to $27.9 million. Caliper Life Sciences said PerkinElmer agreed to acquire for $600 million in cash. Kroger second quarter net earnings rose 1.3% to $280.8 million. Texas Instruments reported third-quarter revenue may fall.

European Markets Drop 3%; BNP Paribas , SG, Deutsche Bank Fall Over 6%

Devan Biswas
09 Sep, 2011
New York City

European markets plunged more than 3% and banks dropped between 5% and 10%. The yields on German and Dutch bonds dropped to record low since the creation of the euro. Nestle in talks to buy Russia based baby food maker. Volkswagen delayed its purchase of Porsche SE.

Nikkei in Weekly Loss of 2.4%; GDP Revised to 2.1% Decline

Nigel Thomas
09 Sep, 2011
New York City

Stocks in Japan declined after GDP shrinkage estimate was revised to 2.1% from the previous read of 1.2% decline. The Nikkei index declined 0.6% and for the week lost 2.4%. Fanuc and other machinery makers declined on the weak GDP data. Fast Retailing gained 1.8% on positive comments.

Australian Stocks Gain; Banks Advance

Marcus Jacob
09 Sep, 2011
New York City

Stocks in Australia edged higher and the benchmark index in the week fell 1.1%. Resources linked companies closed up after the U.S. President Obama proposed $447 billion stimulus plan to create more jobs and improve infrastructure.

U.S. Stocks Turn Lower After Bernanke Remarks

Bikram Pandey
08 Sep, 2011
New York City

U.S. indexes closed lower after Fed Chairman did not provide new insights into the state of the economy. U.S. 10-year bond yield fell to 1.98%. aBanks fell more than 4%. European markets closed higher after the ECB and BoE left rates on hold. Greek bond yields soared to 60%.

U.S. Movers: Casey

Mukesh Buch
08 Sep, 2011
New York City

Casey

U.S. Trade Deficit Shrinks; Weekly Jobless Claims Rise

Bikram Pandey
08 Sep, 2011
New York City

U.S. weekly jobless claims rose 2,000 to 414,000 and trade deficit declined 13% in July. Exports increased at a faster pace than imports in the month as the dollar remained low and the crude oil prices remained above $100 a barrel for the fourth month in a row.

Europe, UK Leave Rates On Hold; Italian Senate Approves Austerity Measures

Devan Biswas
08 Sep, 2011
New York City

European Central Bank and the Bank of England left key lending rates unchanged and cited weak and uncertain economic outlook. The yield on 2-year Greek bonds soared to 60%. Italian Senate passed austerity measures and the government approved balanced budget constitutional amendment.

Japan Stocks Advance; Factory Orders Drop 8.2%

Nigel Thomas
08 Sep, 2011
New York City

Stocks in Japan gained for the second day in a row as investors focused on the measures to improve global economic scenario. Factory order declined 8.2% in July after rising 7.7% in June. Mining and resources linked companies closed higher.

Australian Uemployment Rises to 5.3%; Stocks Trim Gains

Marcus Jacob
08 Sep, 2011
New York City

Australian stocks gained for the second day in a row and unemployment in August rose 5.3% from 5.1% in July. The surprise increase in the rate put investors on the defensive. Unemployment in Western Australia increased to 4.4% from 4%.

Stocks Surge Ahead of Obama Jobs Plan; Financials Soar 4%

Bikram Pandey
07 Sep, 2011
New York City

U.S. indexes surged more than 2% after banks and tech stocks led the recovery after a 3-day decline. The Fed

S&P 500 Index Up 2%; Bank of America in Restructuring, Yahoo CEO Fired

Devan Biswas
07 Sep, 2011
New York City

Stocks in New York trading rose after a three-day of sell-off. Banks led the gainers after Bank of America replaced executives in its restructuring plan. Yahoo gained as much as 6% after its board replaced chief executive. Nvidia rose on positive outlook.

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