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Australian Indexes Suffer Largest Weekly Loss in Seven Months

Marcus Jacob
11 May, 2012
New York City

Australian stocks closed lower and suffered the largest weekly loss in seven months. China reported slowing but still healthy industrial production, retail sales and a steady inflation. Australian importers curb the purchase of online apparel by Australians on overseas websites.

French Output Rises, Sentiment Flat; Greek Unemployment at 21.7%

Arthi Gupta
10 May, 2012
New York City

Greek jobless rate rose to 21.7% in February, French manufacturing output unexpectedly rose and Spanish home transfers declined in March. Czech annual inflation eased and jobless rate dropped in April.

Greek Political Deadlock Continues, ArcelorMittal Net Plunges

Arthi Gupta
10 May, 2012
New York City

The European indexes edged lower after the Greek political turmoil intensified and the nation is heading for another snap election in less than two months. The European Financial Stability Facility confirmed the release of

UK Retail Sales Fall, InterContinental Profit Soars

Arthi Gupta
09 May, 2012
New York City

The UK indexes dropped 1% tracking losses in Europe as Greece struggles to form a new government and the prospect of another election looms large. Retail sales in the UK fell in April. GlaxoSmithKline planned to take its hostile $2.6 billion bid for U.S.-based Human Genome Sciences to shareholders.

Global Indexes Falter as Greek Turmoil Deepens, Fannie Reports Profit

Arthi Gupta
09 May, 2012
New York City

U.S. and global indexes edged lower as Greek leaders struggle to form a new government. Political chaos in Greece raised concerns that the nation may cancel its bailout terms and may head for another election in the next six weeks. Toyota net and sales rose in the fourth quarter.

Toyota Annual Outlook Trim Losses in Nikkei Trading

Nigel Thomas
10 May, 2012
New York City

Stocks in China declined on the ongoing political turmoil in the euro zone and losses were trimmed after Toyota Motor announced net sales in the current fiscal year to increase 18%. China reported less than expected foreign trade growth and is scheduled to release more economic data on Friday.

Australian Unemployment Falls to 4.9%, Stocks Rebound

Marcus Jacob
10 May, 2012
New York City

Australian indexes rebounded from the one-month low after April unemployment rate unexpectedly declined to 4.9% as employers add more part time positions. News Corp third quarter net increased 47% and Murdoch family face more resignation calls. Leighton won $800 million infrastructure project in Queensland.

German Trade Surplus Rises, French Deficit Narrows

Arthi Gupta
09 May, 2012
New York City

German manufacturing turnover eased but foreign trade surplus increased to

Greek Impasse Raises Fears in Euro Zone, Spanish Yields Above 6%

Arthi Gupta
09 May, 2012
New York City

The European indexes traded sideways while Greek parties struggle to form a coalition government. Stock markets were calm but Spanish yields rose above 6%. German exports rose unexpectedly in March. Commerzbank, ING, and E.ON quarterly net fell.

UK Home Prices Fall, HSBC Net Slumps 38%

Arthi Gupta
08 May, 2012
New York City

The UK indexes dipped after home prices declined and Irish sentiment improved for the fourth straight month in April. The UK manufacturers estimate exports to soar this year. HSBC quarterly net fell 38%. Thomas Cook agreed to new lending terms.

U.S. Housing Starts Rise, Permits Fall; Merkel Comments Calm Investors

Arthi Gupta
16 May, 2012
New York City

U.S. indexes edged higher after housing starts rose in April. GE agreed to acquire Australia-based Industrea in a deal valued at approximately A$700 million and Fairchild International in support of the global expansion of its mining business.

Greece Weighs on U.S., Global Indexes

Arthi Gupta
08 May, 2012
New York City

U.S. indexes edged lower as Greece struggles to form the next government and avoid a default before next bailout disbursement. Electronic Arts net income soared and Direct TV quarterly net gained 9%. However, OfficeMax net was cut by more than half.

Hungarian Production Rebounds, Sveriges Riksbank Surplus Jumps

Arthi Gupta
08 May, 2012
New York City

Hungarian output rebounded, Danish surplus declined and Norwegian manufacturing production fell in March. Swedish central government payments surplus in April jumped more than twofold.

Greece in Political Deadlock, KPN Soars 19% on America Movil Offer

Arthi Gupta
08 May, 2012
New York City

The European indexes slumped as the Greek political deadlock continued. Greece sold

Nikkei Loses 1.5% and Down 12% in Ten Weeks

Nigel Thomas
09 May, 2012
New York City

Stocks in Tokyo traded lower and the Nikkei index fell 1.5% to a new 3-monthl low. In the last ten week the index has dropped 12%. Toyota guided sharply higher operating profit after the close and NTT Data reported lower than expected annual operating income.

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