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U.S. Private Sector Employment Improves; Costco Net Rises 11%

Arthi Gupta
05 Oct, 2011
New York City

The U.S. indexes opened higher and extended gains from the late evening rally of yesterday. The euro dropped to a new low against the yen. U.S. private sector employment improved in September, factory orders decreased in August and mortgage applications fell. Costco quarterly sales rose 17%.

Euro Area Retail Sales Fall; Service Sector Contracts

Arthi Gupta
05 Oct, 2011
New York City

Euro-zone retail sales fell in August and composite PMI declined in September. Service sector activity dropped in Germany, Italy and Spain in the month. French private sector contracted in September.

Nikkei in Japan in 4-day Decline; Utilities Plunge

Nigel Thomas
05 Oct, 2011
New York City

Stocks in Japan extend losses for the 4-day on the global markets worries. Banks and insurers closed lower after Italian debt rating was cut. Electric utilities plunged after Trade Minister Edano said he is looking to revised rate framework. The yen traded at a record high against the euro.

European Indexes Higher; Italian Bonds Ratings Lowered

Arthi Gupta
05 Oct, 2011
New York City

European indexes braved market sentiment to trade higher. Banks were in focus after Dexia sought another bailout. Moody

Australian Stocks Rebound; Exports, Building Permits, Retail Sales Gain

Marcus Jacob
05 Oct, 2011
New York City

Stocks in Australia increased after a three-day decline. Retail sales in August increased 0.6% and building approvals rose 11.4%. Trade surplus in month surged 71% after exports of coal and iron ore rebounded.

World Markets in Bear Zone; Late Rally Erases U.S. Losses

Bikram Pandey
05 Oct, 2011
New York City

The U.S. indexes recovered from the lows of 3% after the euro zone news raised the prospects of Greek debt default. Fed Chairman Bernanke noted slower than expected U.S. economic recovery and highlighted the sluggish job market. The euro declined to a nine-month low. Gold, copper and oil dropped 3%.

Nikkei in Tokyo Declined 1.1%; Financials, Exporters Lead

Nigel Thomas
04 Oct, 2011
New York City

Stocks in Japan declined on the rising worries in the euro zone and the yen rose to a decade-high against the euro. Markets in Hong Kong, India, Shanghai and Australia declined. Exports driven companies led the decliners.

UK Indexes Plunge 3.8%; Construction Stagnates

Arthi Gupta
04 Oct, 2011
New York City

The UK indexes plunged on the worsening sovereign debt crisis in Europe. The UK construction activity stagnated in September. Ireland''s central bank lowered economic growth outlook for 2012. Wolseley swung to profit in fiscal year 2011.

Europe in Crisis Drags Down U.S. Indexes 3%

Arthi Gupta
04 Oct, 2011
New York City

The U.S. and global indexes traded lower on the European debt crisis. U.S. construction spending rebounded in August. HP acquired control of Autonomy Corporation. State Street acquired Swiss-based Complementa Investment-Controlling.

OECD Inflation Climbs; Spain

Arthi Gupta
04 Oct, 2011
New York City

OECD area inflation climbed in August. Spanish jobless rate rose in September to 21.2%, a record high in the euro zone. Euro area producer price inflation eased but Romanian retail sales dropped in August. Greek retail sales declined in July.

Australian Rates on Hold; Sundance Resources Soars 10%

Marcus Jacob
04 Oct, 2011
New York City

Australian markets dropped nearly 1% on the weakening global scenario and rising tensions in the euro zone. Resources linked stocks closed lower. Reserve Bank of Australia left its key lending rate at 4.75%. Sundance Resources soars on a revised offer from Hanlong.

European Indexes Slump; Dexia Plummets 14%

Arthi Gupta
04 Oct, 2011
New York City

European indexes extended losses for the third day after euro area finance ministers postponed the decision on the next loan instalment for Greece. Banks led the decliners after Belgium based Dexia faces credit downgrade.

S&P 500 Index Drops 2.9%; Citigroup, Bank of America Fall 10%

Bikram Pandey
03 Oct, 2011
New York City

Greek gloom overshadowed market sentiment in New York trading. The S&P 500 index declined below 1,100 and closed down 2.9%. The euro fell on the growing consensus that Greek default is inevitable. Bank of America, Morgan Stanley and Goldman Sachs declined between 4% and 10%.

Nikkei in Japan Drops 1.8%; Tankan Survey Optimistic

Nigel Thomas
03 Oct, 2011
New York City

Stocks in Japan declined following the weekend news from the euro zone. The latest tankan survey indicated improved sentiment among large manufacturers in September. Nippon Yusen KK reported higher than estimated loss in the fiscal first half.

UK Manufacturing Expands, Home Prices Fall

Arthi Gupta
03 Oct, 2011
New York City

The UK indexes tracked weaker European markets after banks took another hit today. Greece confirmed higher than estimated budget deficit. A ratings agency affirmed the UK

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