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India Stocks Ease on Stubborn Wholesale Inflation

Devan Biswas
07 Apr, 2011
New York City

Mumbai stocks wavered after a nine-day rally that lifted stocks more than 9%. The rising commodities prices are stoking fears of inflation as the latest data showed no improvement in wholesale prices.

Utilities in Tokyo Rebound; Fast Retailing Lifts Profit View

Nigel Thomas
07 Apr, 2011
New York City

Foreign investors in Japan were net buyers of stocks and bonds in Japan. The benchmark index in Tokyo soared as much as 1.1% but surrendered most of the gains at close. The Bank of Japan left its bond and credit program unchanged and left target interest rate range unchanged.

Jobless Rate of 4.9% Lifts Australian Dollar Higher, Riversdale in Focus

Marcus Jacob
07 Apr, 2011
New York City

Australian dollar continues to drift higher with no resistance after the release of jobs data. The unemployment rate dropped to 4.9%, the low last seen in December 2008. Riversdale Mining takeover offer from Rio Tinto failed to win 50% shares.

U.S. Stocks Positive; Records in Gold, Silver

Bikram Pandey
06 Apr, 2011
New York City

U.S. stocks seesawed as gold and silver traded at 31-year highs. European markets rebounded after banks announced $18 billion of capital raising and on strong industrial orders in Germany. Mining stocks around the world rallied for the third day in a row as Japan struggles with Production delays.

UK Production Up 1.2%; Marks & Spencer, Misys, easyJet Rise

Marcus Jacob
06 Apr, 2011
New York City

UK stocks advanced as commodities rose and mining sector stocks gained. UK industrial production increased 1.2% in February but manufacturing was flat on a monthly basis. Marks & Spencer rose after it reported lower than expected same store sales decline.

U.S. Movers: American Superconductor, Genpact, Monsanto, Oclaro, Verint

Mukesh Buch
06 Apr, 2011
New York City

Cephalon rejects unsolicited offer from Valeant Pharmaceuticals. DISH Network won auction for Blockbuster, Inc. valued $320 million. Genpact agreed to acquire Headstrong Corp for cash of $550 million. Monsanto second quarter net income surged 25% to $1.0 billion.

Merger Activites Lift U.S. Stocks; Global Miners Advance

Bikram Pandey
06 Apr, 2011
New York City

U.S. stocks traded higher on economic optimism and robust merger activities. Resources linked stocks led the gainers after precious metals and crude oil advanced and the dollar weakened.

European Markets Advance; Swiss Inflation Accelerates, German Orders Rise

Marcus Jacob
06 Apr, 2011
New York City

European markets traded higher on the eve of rate decision tomorrow. Portugal completed the sale of 1 billion euros bonds at a yield of 5.9%. Switzerland inflation accelerated and German factory orders increased at a faster pace in February.

Inflation Worries Halt India Rally; NTPC Net Up 24%

Devan Biswas
06 Apr, 2011
New York City

Trading sentiment in Mumbai turned sour after stocks gained nine of last twelve trading sessions. Inflation worries stoked the speculation of another rate hike on a rate decision meeting on May 3. Talwalkars plans to open 100 health clubs at a cost of $20 million. NTPC fourth quarter net soared 24%.

Tokyo Stocks Weak; Production Losses Worries

Nigel Thomas
06 Apr, 2011
New York City

Stocks in Tokyo declined for the second day this week as investors focused on the mounting production losses. Manufacturers are not able to take advantage of the lower yen. Automakers and trading companies were among the most actively traded stocks.

Resource Sector Drive Australian Gains; Brans N Things Postpones IPO

Marcus Jacob
06 Apr, 2011
New York City

Australian stocks edged higher as resource stocks gained. Xstrata confirmed the thermal coal contract with a Japanese utility at 8% higher price. Bras N Things, the lingerie retailer postponed its public offering. Record price in gold and silver lifted miners of precious metals.

U.S. Stocks Struggle as Government Shutdown Looms, World Markets Diverge

Bikram Pandey
05 Apr, 2011
New York City

U.S. stocks struggle as the U.S. lawmakers and President Obama haggle over 2011 budget cuts as the government shutdown looms. Fed officials appear divided in its latest meeting about the bond purchase program and noted underlying inflation remained subdued.

U.S. Movers: Apple, Expedia, International Speedway, KB Home, Team, Walgreen

Mukesh Buch
05 Apr, 2011
New York City

Diamond Foods agreed to acquire Pringles unit of P&G for $2.35 billion. KB Home first quarter revenues declined 25% and net loss widened to $114.5 million. Texas Instruments agreed to acquire National Semiconductor for $25 a share. Walgreen same store sales rose 3% in March.

UK Stocks Down; Amlin Estimates

Marcus Jacob
05 Apr, 2011
New York City

UK stocks edged lower as investors focused on rising debt stress in Europe. Amlin Plc estimated claims linked to Japan, Australia and New Zealand of

U.S. Markets Slide; Texas Instruments Offers $6.5 Billion for National Semi

Bikram Pandey
05 Apr, 2011
New York City

U.S. stocks edge lower after China hiked bank reserve rate and investors in Europe sold bank stocks. National Semiconductor agreed to be acquired by Texas Instruments for $6.5 billion. Service industry expansion slows in March. Procter & Gamble agreed to sell its Pringles unit for $2.35 billion.

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