Market Update

Euro Area Deficit Contracts; Swiss Exports Increase 12.3%

Arthi Gupta
26 Apr, 2011
New York City

Euro-zone government deficit contracted in 2010. Swiss trade surplus increased in the first quarter. Sweden jobless rate fell in March. Czech economic sentiment weakened in March.

Sensex Recovers from 1.3% Fall; ACC, UltraTech Up, GMR Infra Down

Devan Biswas
26 Apr, 2011
New York City

Stocks in Mumbai declined sharply in early trading but managed to rebound. The Sensex closed down 0.2% after dropping as much as 1.4%. The rupee gained and silver fell nearly 3% after trading above Rs 70,000 level for the third day in a row.

Nikkei in Tokyo Drops 1.2%; BoJ May Expand Bond Program

Nigel Thomas
26 Apr, 2011
New York City

Stocks in Japan continued to drift lower ahead of earnings, a week long holiday and central bank rate decision this week. The Bank of Japan is expected to expand its 3 trillion yen bond program to support the rebuilding effort. Automakers declined and shipping lines closed lower a day after surging.

Fed Meeting in View, Netflix Net Up 88%; Silver, Gold in 8-day Rally

Bikram Pandey
25 Apr, 2011
New York City

U.S. indexes struggled after a mixed batch of earnings on Monday. However, earnings from financial services and tech companies have exceeded expectations so far. Kimberly-Clark

U.S. Movers: Baxter, Honeywell, Kimberly-Clark, T. Rowe, Verizon, Xerox

Mukesh Buch
25 Apr, 2011
New York City

Advanced Micro Devices first quarter net income doubled. E. I. du Pont first quarter net income soared 27% to $1.43 billion. Kimberly-Clark first quarter net income declined 9%. Verizon first quarter net income soared 41% to $3.26 billion.

U.S. Indexes Higher; AMD Net Doubles

Arthi Gupta
25 Apr, 2011
New York City

U.S. stocks rebounded after better-than-anticipated earnings and leading indicators index rose in March. Barrick Gold agreed to acquire Equinox Minerals for about C$7.3 billion. Toyota global production dropped more than 30% in March.

Reliance Struggles to Lift Gas Ouput; Maruti Suzuki, Sterlite Up

Devan Biswas
25 Apr, 2011
New York City

Stocks in Mumbai traded higher but in a directionless trading and silver and gold surged to highs. Reliance Industries confirmed the difficulty of increasing gas output and also planned to increase production at fields in the Bay of Bengal. Sterlite and Maruti reported higher than expected earnings.

French Confidence Flat; Spain Producer Price Inflation Climbs

Arthi Gupta
25 Apr, 2011
New York City

The confidence index among French manufacturers was flat in April. Hungarian retail sales improved and Italian sales grew in February. Austrian industrial output rose in February. Dutch consumer spending improved in February. Spain producer price inflation climbed in March.

Japan Stocks Edge Lower; Toyota Domestic Production Plunges 63%

Nigel Thomas
25 Apr, 2011
New York City

Stocks in Japan edged lower ahead of earnings release. Toyota led the automakers with the domestic auto production plunging 63% in March. Toyota

Earnings Lift World, U.S. Stocks; Oil Nears 32-Month High, Silver Jumps 5%

Bikram Pandey
21 Apr, 2011
New York City

U.S. stocks edged higher after General Electric, Apple, American Express, Capital One and BB&T reported better than expected earnings. Oil gained 0.7% and increased for the second month in a row and extended advance to 25%. Gold stayed above $1,500 and silver jumped nearly 5%.

U.S. Movers: Apple, Biogen, Capital One, McDonald

Mukesh Buch
21 Apr, 2011
New York City

Apple second quarter net income surged 95% to $5.99 billion. American Express first quarter net income rose 33% to $1.16 billion. BlackRock first quarter net income surged 34% to $568 million. General Electric first quarter net earnings surged 77% to $3.43 billion.

UK Retail Sales Rebound 0.2%; Irish Trade Surplus Improves

Arthi Gupta
21 Apr, 2011
New York City

The UK indexes were flat after retail sales rebounded and mortgage approvals climbed in March. UK public sector borrowing declined. Irish trade surplus improved in February. William Hill surged 7% on revenue growth.

Nikkei in Japan Up 0.8%; Toshiba, Elpida Rise, Yasakawa Falls

Nigel Thomas
21 Apr, 2011
New York City

The Nikkei benchmark index in Japan increased 0.8% ahead of short week. Apple linked stock gained after the mobile device maker reported sharply higher results. Toshiba and Elpida Memory increased. Yasakawa Electric declined 2.3% after it estimated weak production outlook for the next two months.

U.S. Jobless Claims Drop; GE Net Soars 77%, Apple Net Surges 95%

Arthi Gupta
21 Apr, 2011
New York City

The U.S. indexes traded higher after GE and Apple reported better-than-estimated earnings. U.S. weekly jobless claims fell 13,000 to 403,000. BP sued Transocean and Cameron seeking damages of $40 billion for the Gulf of Mexico oil spill.

Australian Stocks and Dollar Extend Gains; Harvey Norman Weak Sales

Marcus Jacob
21 Apr, 2011
New York City

Australian benchmark index increased more than 1% after the dollar advanced to a new high on the rise in energy and gold prices. Stocks gained for the third time in the last four day. Harvey Norman reported weak increase in sales as consumers spend less on furniture and electronics.