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U.S. Markets Struggle, Manufacturing Index Expands

Arthi Gupta
03 Oct, 2011
New York City

The U.S. indexes traded higher after manufacturing expanded in September but global indexes declined on the Greek woes as the struggling nation battles weak economy, rising unemployment and falling tax revenues. Ratings agency revised down world growth outlook for 2011.

Manufacturing in Europe Falls; Swiss Retail Sales Slide

Arthi Gupta
03 Oct, 2011
New York City

Manufacturing activity in Europe continued to decline in September except for Italy. Hungarian trade surplus was lowered in July. Denmark

Greece Misses Deficit Targets; European Banks Drop

Arthi Gupta
03 Oct, 2011
New York City

European indexes slumped after Greece announced new austerity measures and its inability to meet the deficit reduction targets for 2011 and 2012. Denmark

Australian Stocks Drop 2.8%, Banks Decline

Marcus Jacob
03 Oct, 2011
New York City

Australian stocks plunged following losses in Asia. The resurgent worries linked to Greece and the euro zone. Greece revised its deficit target higher for the current year and the next year. Banks declined.

S&P 500 Index in Quarterly Drop of 14%; Kodak Plunged 52%

Bikram Pandey
30 Sep, 2011
New York City

U.S. indexes closed at their lows in the month and plunged more than 13% in the quarter. The weakness in the market was rooted in the weakening economic data and persistent worries on the euro zone. Eastman Kodak is said to weigh bankruptcy and sell patent portfolio.

U.S. Movers: AZZ, Ingersoll-Rand, Lumber Liquidators, Micron Technology

Mukesh Buch
30 Sep, 2011
New York City

AZZ second quarter net income fell to $9.61 million. Ingersoll-Rand revised its third quarter and full-year revenues guidance. Lumber Liquidators narrowed its outlook for fiscal 2011. Micron Technology reported fourth quarter net loss of $135 million.

Fifth Monthly Production Increase in Japan; Promise Surged 18%

Nigel Thomas
30 Sep, 2011
New York City

Stocks in Japan were flat and investors turned cautious after weak global sentiment. Industrial production increased for the fifth month in a row and labor force declined to the 1987 level. Furukawa, Fujikura and Sumitomo Electric plunged on price fixing charges worries. Promise soared 18%.

Australian Stocks Weak; Home Prices Decline

Marcus Jacob
30 Sep, 2011
New York City

Australian stock closed flat after a volatile session. At the end of the week the benchmark index added 2.7% and in September the index declined 6.1%. Australian home prices declined 0.4% in August.

UK Indexes Drop 1.8%; Consumer Confidence Improves

Arthi Gupta
30 Sep, 2011
New York City

The UK indexes declined on weak global economic data. UK consumer confidence rose in September. Ingersoll-Rand plunged 14.5% on weak third quarter and fiscal year 2011 outlook.

U.S. Personal Income Falls; Micron Swings to Loss

Arthi Gupta
30 Sep, 2011
New York City

U.S. and global indexes plunged after China

Euro Area Annual Inflation at 3%; German Retail Sales Slump

Arthi Gupta
30 Sep, 2011
New York City

Euro-zone annual inflation rose in September and jobless rate remained flat in August. German retail sales slumped 2.9% in August. French public debt and Denmark economy grew in the second quarter. Norway

European Indexes Down 2%; Santander Up on Profit Outlook

Arthi Gupta
30 Sep, 2011
New York City

European indexes declined after inflation in September rose and the German retail sales declined 2.9%. China

Jobless Claims Lift U.S. Sentiment; Euro Zone Default Worries

Bikram Pandey
29 Sep, 2011
New York City

U.S. indexes soared after unemployment claims declined below 400,000 and the economic growth was revised higher to 1.3%. The market sentiment was also bolstered after German lawmakers supported the expanded participation in the rescue fund. Commodities gained and oil rebounded.

U.S. Movers: AMD, AutoZone, Harleysville, Rite Aid, Mosaic, Thor

Mukesh Buch
29 Sep, 2011
New York City

Advanced Micro Devices lowered its revenue forecast for the third quarter. AutoZone board authorized the repurchase of additional $750 million of shares. Harleysville agreed to be acquired by Nationwide Mutual Insurance Co. Mosaic first quarter net earnings surged 77% to $526 million.

U.S. GDP Revised Up to 1.3%; Weekly Jobless Claims Fall

Arthi Gupta
29 Sep, 2011
New York City

U.S. indexes traded higher after weekly jobless claims fell 37,000 to 391,000 and the economy grew more than initially estimated in the second quarter. German lawmakers approved the resolution to increase the lending capacity of the European Financial Stability Facility.

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