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Consumer Prices Rise 0.3%; JP Morgan, Wells Fargo Beat Expectations

Arthi Gupta
13 Apr, 2012
New York City

U.S. indexes edged lower after consumer prices rose 0.3% in March. Weak global economic data did not boost investor sentiment. JPMorgan quarterly net fell on 6% rise in revenues and Wells Fargo profit increased 11%.

Nikkei Extends Gains With a Rise of 1.3%; Fast Retailing Up 8%

Nigel Thomas
13 Apr, 2012
New York City

Stocks in Tokyo gained for the second day in a row and market indexes advanced 1.2% on Friday. For the week, the Nikkei edged down 0.5% and held on to gains of 14% in the year so far. Sony Corp extended losses for the third day.

Australian Indexes Gain 1%; ANZ Lifts Rates Again

Marcus Jacob
13 Apr, 2012
New York City

Australian indexes closed higher and barely gained in the week as commodities prices advanced. Qantas chief executive backed the second airport proposal in Sydney. ANZ lifted rates again and broke ranks with the Reserve Bank.

European Indexes Turn Lower; Italian, Spanish Yields Rise

Arthi Gupta
13 Apr, 2012
New York City

The European indexes declined and rising Italian and Spanish yields have dampened investor sentiment. Bauer full year 2011 profit declined driven by poor performance in its construction segment.

German, Spanish Inflation Ease; Italian Production Slumps 6.8%

Arthi Gupta
13 Apr, 2012
New York City

German and Spanish inflation eased but Italian inflation increased in March. Hungarian and Italian production and Dutch surplus declined in February.

U.S. Extend Gains to Second Day; Google, HP, McKesson in Focus

Bikram Pandey
12 Apr, 2012
New York City

U.S. indexes extended gains for the second day in a row after two Fed officials endorsed the low interest rate view through 2014. Weekly jobless claims rose. Google Inc jumped 2% ahead of earnings after the market close.

UK Indexes Rise 1.5%, Trade Deficit Widens

Arthi Gupta
12 Apr, 2012
New York City

The UK indexes advanced and trade deficit widened in February and Irish inflation rose in March. Ashmore Group assets under management increased 9.1% in the third quarter.

U.S. Movers: Argan, Apogee, Fastenal, Rite Aid, Washington Federal

Mukesh Buch
12 Apr, 2012
New York City

Argan fourth quarter net increased. Commerce Bancshares first quarter net increased to $65.8 million. Fastenal first quarter net surged 26%. Rite Aid fourth quarter net loss narrowed to $163.8 million and expects to continue in fiscal 2013. Washington Federal second quarter net soared 32%.

U.S. Jobless Claims Rise; Trade Deficit Narrows

Arthi Gupta
12 Apr, 2012
New York City

U.S. indexes gained and weekly jobless claims rose to ten-week high, trade deficit narrowed in February and producer price index was flat in March. Sony planned to slash 10,000 jobs in the current fiscal year.

Euro Area Output Improves; Greek Jobless Rate at 21.8%

Arthi Gupta
12 Apr, 2012
New York City

Industrial production in the euro area and Spanish leading economic index rose in February. Greek jobless rate jumped to a record high of 21.8% in January. Inflation in France increased but in Portugal slowed to 7-month low in March.

European Indexes Sideways; Italian Yields Higher

Arthi Gupta
12 Apr, 2012
New York City

The European indexes traded sideways after Italy sold

Nikkei in Tokyo Rebounds; Yen Firm Ahead of North Korean Rocket Launch

Marcus Jacob
12 Apr, 2012
New York City

Stocks in Japan halted seven day decline and the yen held firm ahead of the long-range rocket launch from North Korea. Sony and Sharp were in focus for the second day after the revised loss estimates. Freight shipping companies fell on the prospect of lost revenues linked to Iranian oil shipments.

Australia Halts 4-Day Losing Streak; Seven Group Up

Marcus Jacob
12 Apr, 2012
New York City

Stocks and indexes in Australian gained after employers added 44,000 net new jobs in March. The quarterly job addition of 76,000 was the best since the final quarter of 2010. Seven Group agreed to acquire equipment distribution business of the U.S. based Bucyrus.

Wall Street Turns Higher; Natural Gas Price Drops to New Low

Bikram Pandey
11 Apr, 2012
New York City

U.S. indexes halted a losing streak of five days after Alcoa Inc reported better than expected earnings. Home builders surged on the expectations of higher earnings and banks gained ahead of earnings. Natural gas prices fell below $2 mark for the first time since January 2002.

UK Retail Sales Rise; Barclays CEO Pay Under Scrutiny

Arthi Gupta
11 Apr, 2012
New York City

The UK indexes closed higher led by mining and banking stocks. UK retail sales and Irish construction activity and sentiment climbed in March. Barclays was in focus of excessive chief executive pay.

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