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Australian Indexes Erase 3-Weeks of Gains

Marcus Jacob
09 May, 2012
New York City

Australian indexes erased three weeks of gains in the last four sessions as Greece and the euro zone regained investors focus. David Jones announced a restructuring charge and Billabong appointed new chief executive. BlueScope completed the repurchase of $300 million private placement notes.

World Markets Decline Accelerate on Greek, Euro Turmoil

Bikram Pandey
08 May, 2012
New York City

World markets accelerated the decline after Greek political wrangling reignited fears in the euro zone and the euro edged lower for the seventh day in a row. Indexes in New York and in Europe fell and the Greek benchmark dropped to two decade low.

Australia Estimates Budget Surplus

Marcus Jacob
08 May, 2012
New York City

Australian budget estimated cash surplus of 0.2% of GDP in the fiscal 2013 as the government attempts to spread the benefits of mining boom to low and middle income families. The budget is expected to return to small surplus of $1.5 billion after four years of deficit.

Tokyo Stock Rebound; Mitsubishi, Fuji Heavy Gain

Nigel Thomas
08 May, 2012
New York City

Stocks in Tokyo rebounded on bargain hunting and commodities closed higher. Trading houses led the gainers after Mitsubishi Corp reiterated its full year earnings and lifted earnings outlook. Fuji Heavy Industries gained after it estimated 22% increase in sales in the current year.

Nikkei Declines on Foreign Funds Outflow and Global Worries

Nigel Thomas
16 May, 2012
New York City

Nikkei index in Japan dropped below 8,800 for the first time in two months on the growing worries in the euro zone and more outflows from international funds.

Australian Markets Plunge to 2-month Low, Dollar Slumps

Marcus Jacob
16 May, 2012
New York City

Australian stocks plunged as the index dropped the most in one day in six months and extended losses in the last two months. The dollar fell to the low of the year. BHP Chairman Jacque Nasser estimated commodities prices are expected fall further and the company may revise its 5-year investment plan of $80 billion.

Fresh Greek Elections in June, EADS Swings to Profit

Arthi Gupta
16 May, 2012
New York City

The European indexes edged lower. Fresh elections will be held in Greece in June. Euro area annual inflation eased and jobless claims in the UK fell unexpectedly in April. EADS lifted full year earnings outlook.

U.S. Borrowings Rise, European Voters Demand Growth with Austerity

Bikram Pandey
07 May, 2012
New York City

U.S. indexes recovered in the afternoon after market sentiment rebounded and bank stocks closed higher. U.S. consumer borrowing increased at the fastest pace in March as car loans and student loans drove the increase in loans. AIG bought back $2 billion of the $5 billion offering from the Treasury.

U.S. Movers: Cognizant, DISH Network, EchoStar, LIN TV, Sysco, Tyson Foods

Mukesh Buch
07 May, 2012
New York City

Cognizant Technology first quarter net rose 17% to $243.7 million but lowered current quarter outlook. Carl Icahn controlled fund agreed to acquire CVR Energy in cash for $2.6 billion. DISH Network first quarter net declined 34% to $360 mn. Sysco said third quarter net was nearly flat to $259.6 mn.

Nikkei Plunges 2.8%, Gree, DeNA Tumble 20%

Nigel Thomas
07 May, 2012
New York City

Stocks in Tokyo plunged after election results in Greece and France prompted more worries in the euro zone. Resources linked companies fell after crude oil eased to a 4-month low and fell below $100 a barrel for the first time in the period.

Markets Stay Calm After Political Shuffle in Europe

Arthi Gupta
07 May, 2012
New York City

U.S. indexes declined after election results in France and Greece. The U.S. Treasury priced $5 billion of offering of AIG stake to reduce its stake in the insurer.

Australian Indexes Dive 2% on Global Worries

Marcus Jacob
07 May, 2012
New York City

Australian indexes declined more than 2% on the global slowdown worries after the election results in Europe. Australian retail sales were ahead of expectations in March but new jobs ads declined in April according to a private survey.

German Factory Orders Rise, Spanish Output Plunges 10.4%

Arthi Gupta
07 May, 2012
New York City

German factory orders increased 2.2% but Spanish output plunged 10.4% in March. Swiss consumer prices declined for the seventh straight month but jobless rate rose in April. The UK jobless rate forecasted to rise over the next five years.

France Elects Hollande, Greece Heading for Coalition

Arthi Gupta
07 May, 2012
New York City

The European indexes edged lower after France elected its first Socialist president in 17 years and Greece is heading for coalition government talks that may drag on for ninety more days. QSC plunged after quarterly net plummeted 65%.

Weekly Loss of 2.1% in S&P 500 and 2.9% in Nasdaq

Bikram Pandey
04 May, 2012
New York City

In New York trading on Friday, indexes accelerated declines in the afternoon and closed down between 1% and 2%. For the week, the Nasdaq fell nearly 3% and the S&P 500 index declined 2.1%. Crude oil traded below $100 a barrel for the first time in three months.

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