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U.S. Housing Starts Rise 7.2%; J&J Net Falls 23%, Goldman Net Drops 72%

Arthi Gupta
19 Apr, 2011
New York City

U.S. indexes traded higher after housing starts rose 7.2% in March. Seagate Technology entered into supply and cross-licensing agreement with Samsung Electronics. Goldman Sachs earnings plummeted 72% reflecting the redemption of its preferred stock and a drop in institutional revenues.

European Indexes Advance; LVMH, Novartis Surge

Arthi Gupta
19 Apr, 2011
New York City

European indexes gained on upbeat economic data. Volvo Buses and China based SAIC Motors agreed to form a joint venture for new energy driveline systems. Novartis net dropped reflecting additional financing costs related to the acquisition of Alcon.

Stocks Waver in India; Pipavav Shipyard Rises on Samsung Stake Talks

Devan Biswas
19 Apr, 2011
New York City

Stocks in Mumbai wavered as sentiment reversed more than five times in trading. A drop in crude oil price helped to counter the weak international sentiment and a rise in gold and silver prices. Silver jumped 0.7% and hovered near a record price of Rs 67,000 a kilo.

Euro-zone Sentiment Slumps; German Private Sector Activity Slows

Arthi Gupta
19 Apr, 2011
New York City

Euro-zone private sector activity improved, current account deficit widened and consumer sentiment dipped. European car registrations fell in March. German private sector activity slowed in April. Austria PPI Inflation rose to a 6-year high in February.

Nikkei Down 1.2% on Supply Worries and U.S. Debt Downgrade

Nigel Thomas
19 Apr, 2011
New York City

Stocks in Tokyo were dragged lower on the rising uncertainty related to the massive U.S. debt and growing realization that peripheral nations in Europe will need debt restructuring. Yen gained and electronics and chipmakers declined after Texas Instruments cited supply chain problems in Japan.

Australian Index Drops 1.4%; Woodside, Newcrest Lower Output Views

Marcus Jacob
19 Apr, 2011
New York City

Australian stocks faced a selling pressure on the international worries and the release of minutes of the latest RBA meeting. Woodside quarterly revenues declined 3% on production fall of 19% and indicated a delay in the start of Pluto oil field. Newcrest lowered its gold production outlook.

Dow, S&P 500 Indexes Drop 1% as U.S. Struggles to Rein Debt

Bikram Pandey
18 Apr, 2011
New York City

U.S. indexes dropped after a rating agency sounded alarm on the rising U.S. debt. The talks of possible U.S. debt downgrade only added to market jitters as sovereign default worries resurfaced in Europe. Commodities declined but precious metals gained.

U.S. Movers: Citigroup, Eli Lilly, KeyCorp, M&T, TD Ameritrade, Grainger

Mukesh Buch
18 Apr, 2011
New York City

Citigroup first quarter net income fell 32% to $3 billion. Eli Lilly first quarter net income declined 15% to $1.06 billion. KeyCorp first quarter net income grew to $173 million. TD Ameritrade second quarter net income rose 5.6% to $171.7 million. W.W.Grainger first quarter net earnings soared 59%.

FTSE Plunges 2%; Five Irish Banks Downgraded

Arthi Gupta
18 Apr, 2011
New York City

The UK indexes plunged after a ratings agency lowered its debt ratings on five Irish banks. The UK home price index rose in April and manufacturing workers'' pay deals increased. Capital Pub Company surged as revenues improved 24%.

U.S. Stocks Drop on Negative Credit Outlook; Citi Net Plunges 32%

Arthi Gupta
18 Apr, 2011
New York City

U.S. indexes traded lower after a rating agency raised an alarm on the lack of consensus among U.S. politicians. Baxter agreed to acquire Prism Pharma for $338 million. Bombardier inked $867 million contract with DB Regio. Citigroup net slid 32% despite lower credit-loss provisions.

Sensex in India Declines on Earnings Worries; HDFC Net Soars 33%

Devan Biswas
18 Apr, 2011
New York City

Stocks in Mumbai trading turned negative on the earnings worries, high commodities and crude oil prices and weak global sentiment. Ahead of earnings banks were weak. Tata Power inches closer to raise as much as $400 million. HDGF Bank fourth quarter net soared 33% and hiked dividend by 165%.

Tokyo Trading Volume Drops; Japan to Pump Funds in Tepco

Nigel Thomas
18 Apr, 2011
New York City

Stocks in Tokyo trading declined as investors awaited earnings in the next two weeks. Trading volume dropped to the lowest in the year as G-20 meeting failed to produce concrete actions. Tepco is expected to receive multi-billion dollar infusion to pay for disaster expenses.

German Outlook Positive; Italian Current Account Deficit Widens

Arthi Gupta
18 Apr, 2011
New York City

Greece reiterated that the nation has no plans to restructure its debt. The Bundesbank forecasted positive economic growth in Germany. Finnish producer price inflation soared in March. Italian current account deficit widened to

European Indexes Turn Lower on Greece Worries; Philips Net Declines

Arthi Gupta
18 Apr, 2011
New York City

European indexes slumped on euro-zone sovereign debt concerns. Nestle acquired 60% stake in China-based Yinlu Foods. France Telecom-Orange and Deutsche Telekom agreed to form a venture to cut costs. Synthes confirmed talks with Johnson & Johnson.

Australian Land Sales Plunge; Woolworths Sales Rise 5.1%

Marcus Jacob
18 Apr, 2011
New York City

Stocks in Sydney gained and the meeting of G-20 finance ministers failed to produce any specific steps to lift the global economic growth. Retail price of petrol in Australia jumped to a 30-month high. Woolworths sales increased 5.1%. Residential land transaction dropped to the lowest in a decade.

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