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U.S. Stocks In 6-day Rally; Gold Hits a New High as Dollar Drifts Lower

Bikram Pandey
28 Apr, 2011
New York City

U.S. stocks extended gains for the sixth day in a row but tech stocks and small cap companies rested after rallying to highs not seen in a decade. Earnings drove the trading sentiment but the decline lifted gold, silver and copper.

U.S. Movers: Apache, Colgate, eBay, PepsiCo, Starbucks, Procter & Gamble

Mukesh Buch
28 Apr, 2011
New York City

Apache first quarter net income rose to $1.11 billion. Colgate-Palmolive first quarter net profit surged 61% to $576 million. eBay first quarter net income rose 20% to $475.9 million. PepsiCo first quarter net income declined 20% to $1.14 billion. P&G first quarter net income rose 11% to $2.87 bn.

UK Indexes Trade Sideways on Confidence Index at 2-year Low

Arthi Gupta
28 Apr, 2011
New York City

The UK indexes traded sideways after consumer confidence declined to its lowest level since February 2009. Irish retail sales deteriorated in March. AstraZeneca net rose on UK and U.S. tax settlements.

U.S. Jobless Claims Rise, GDP Expands 1.8%

Arthi Gupta
28 Apr, 2011
New York City

U.S. indexes traded lower after weekly jobless claims unexpectedly rose to a 3-month high to 429,000 and GDP expanded at 1.8% rate, less than estimated in the first quarter. Exelon agreed to buy Constellation Energy for $7.9 billion. Colgate-Palmolive net surged 61%.

Earnings Lift European Indexes; Deutsche Bank Profit Rises 17%

Arthi Gupta
28 Apr, 2011
New York City

The European indexes edged higher after Deutsche Bank and Bayer reported better-than-estimated quarterly earnings. SAP plunged 5.7% after earnings missed expectations. German unemployment dropped to the lowest in the last nineteen years.

German Jobless Rate at Record Low; French Consumer Spending Drops

Arthi Gupta
28 Apr, 2011
New York City

German jobless rate fell to its lowest level in nineteen years and inflation accelerated in April. French consumer spending dropped unexpectedly but Finnish jobless rate rose in March. Number of mortgage issued in February declined in Spain.

Sensex in India Decline on Inflation Worries

Devan Biswas
28 Apr, 2011
New York City

Stocks in Mumbai closed down after weekly inflation accelerated and precious metals prices soared. The rupee advanced and resource linked stocks edged lower. LIC Housing quarterly net surged 47%. Bank of Baroda quarterly net soared 43%.

Nikkei in Japan Surges 1.6%; Kyocera, Komatsu Advance

Nigel Thomas
28 Apr, 2011
New York City

Japan stocks gained after positive earnings and recovering trading sentiment and volume. The yen traded in a tight range ahead of the Golden Week holiday period. Komatsu gained after it reported quarterly net soared nearly a third and Kyocera advanced on higher office equipment sales.

Australian Stocks Flat but Dollar Hits New High

Marcus Jacob
28 Apr, 2011
New York City

Australian stocks were flat as the dollar rose for the second day in a row to a new high of US$1.0921. Crude oil futures increased but metals closed mixed in Asian trading. Goodman Fielder dropped more than 9% after it cut profit outlook by 20%.

Small Caps and Tech Stocks Drive U.S. Records; Fresh Peak in Gold

Bikram Pandey
27 Apr, 2011
New York City

U.S. stocks extended gains for the sixth day after the Fed left rates unchanged and left the bond program intact. The Nasdaq closed at a high last seen a decade ago and the small companies focised Russell 200 index reached a new high. The dollar continued its slide and precious metals gained.

U.S. Movers: Amazon, Corning, Exelon, Moody

Mukesh Buch
27 Apr, 2011
New York City

Amazon first quarter net earnings slumped 33% to $201 million. ConocoPhillips first quarter net income rose to $3 billion. Moody

UK GDP Expands 0.5%; GlaxoSmithKline, BP Profit Rises

Arthi Gupta
27 Apr, 2011
New York City

The UK indexes advanced after service index rose 1.5% in February, GDP expanded 0.5% in the first quarter, and mortgage approvals climbed in March. BP, Fenner and GlaxoSmithKline reported strong earnings.

U.S. Durable Orders Surge 2.5%; J&J Acquires Synthes for $21.3 B

Arthi Gupta
27 Apr, 2011
New York City

U.S. indexes edged higher after durable goods orders surged in March. Mortgage applications fell on higher FHA premiums. IBM authorized $8 billion for stock buyback. SMART Modular agreed to be acquired by Silver Lake Partners and Silver Lake Sumeru for $645 million.

European Indexes Rise; Volkswagen, Volvo Net Up, Credit Suisse Net Down

Arthi Gupta
27 Apr, 2011
New York City

European indexes gained after strong corporate earnings. Automakers led the way with Volkswagen and Volvo reporting better-than-anticipated profit. Nokia planned to outsource Symbian activities to Accenture. J&J agreed to acquire Synthes in $21.3 billion deal.

Sensex Eases in India; Dabur, Ambuja, Reliance Industries Drop

Devan Biswas
27 Apr, 2011
New York City

Stocks in Mumbai lost momentum in the early afternoon and closed at the low of the day. Ambuja Cement declined 4% after net dropped 12%. Reliance Industries face a government fine as it misses the production target. Dabur dropped 2% after net rose less than expected 8.5%.

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