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Greek Impasse Raises Fears in Euro Zone, Spanish Yields Above 6%

Arthi Gupta
09 May, 2012
New York City

The European indexes traded sideways while Greek parties struggle to form a coalition government. Stock markets were calm but Spanish yields rose above 6%. German exports rose unexpectedly in March. Commerzbank, ING, and E.ON quarterly net fell.

UK Home Prices Fall, HSBC Net Slumps 38%

Arthi Gupta
08 May, 2012
New York City

The UK indexes dipped after home prices declined and Irish sentiment improved for the fourth straight month in April. The UK manufacturers estimate exports to soar this year. HSBC quarterly net fell 38%. Thomas Cook agreed to new lending terms.

U.S. Housing Starts Rise, Permits Fall; Merkel Comments Calm Investors

Arthi Gupta
16 May, 2012
New York City

U.S. indexes edged higher after housing starts rose in April. GE agreed to acquire Australia-based Industrea in a deal valued at approximately A$700 million and Fairchild International in support of the global expansion of its mining business.

Greece Weighs on U.S., Global Indexes

Arthi Gupta
08 May, 2012
New York City

U.S. indexes edged lower as Greece struggles to form the next government and avoid a default before next bailout disbursement. Electronic Arts net income soared and Direct TV quarterly net gained 9%. However, OfficeMax net was cut by more than half.

Hungarian Production Rebounds, Sveriges Riksbank Surplus Jumps

Arthi Gupta
08 May, 2012
New York City

Hungarian output rebounded, Danish surplus declined and Norwegian manufacturing production fell in March. Swedish central government payments surplus in April jumped more than twofold.

Greece in Political Deadlock, KPN Soars 19% on America Movil Offer

Arthi Gupta
08 May, 2012
New York City

The European indexes slumped as the Greek political deadlock continued. Greece sold

Nikkei Loses 1.5% and Down 12% in Ten Weeks

Nigel Thomas
09 May, 2012
New York City

Stocks in Tokyo traded lower and the Nikkei index fell 1.5% to a new 3-monthl low. In the last ten week the index has dropped 12%. Toyota guided sharply higher operating profit after the close and NTT Data reported lower than expected annual operating income.

Australian Indexes Erase 3-Weeks of Gains

Marcus Jacob
09 May, 2012
New York City

Australian indexes erased three weeks of gains in the last four sessions as Greece and the euro zone regained investors focus. David Jones announced a restructuring charge and Billabong appointed new chief executive. BlueScope completed the repurchase of $300 million private placement notes.

World Markets Decline Accelerate on Greek, Euro Turmoil

Bikram Pandey
08 May, 2012
New York City

World markets accelerated the decline after Greek political wrangling reignited fears in the euro zone and the euro edged lower for the seventh day in a row. Indexes in New York and in Europe fell and the Greek benchmark dropped to two decade low.

Australia Estimates Budget Surplus

Marcus Jacob
08 May, 2012
New York City

Australian budget estimated cash surplus of 0.2% of GDP in the fiscal 2013 as the government attempts to spread the benefits of mining boom to low and middle income families. The budget is expected to return to small surplus of $1.5 billion after four years of deficit.

Tokyo Stock Rebound; Mitsubishi, Fuji Heavy Gain

Nigel Thomas
08 May, 2012
New York City

Stocks in Tokyo rebounded on bargain hunting and commodities closed higher. Trading houses led the gainers after Mitsubishi Corp reiterated its full year earnings and lifted earnings outlook. Fuji Heavy Industries gained after it estimated 22% increase in sales in the current year.

Nikkei Declines on Foreign Funds Outflow and Global Worries

Nigel Thomas
16 May, 2012
New York City

Nikkei index in Japan dropped below 8,800 for the first time in two months on the growing worries in the euro zone and more outflows from international funds.

Australian Markets Plunge to 2-month Low, Dollar Slumps

Marcus Jacob
16 May, 2012
New York City

Australian stocks plunged as the index dropped the most in one day in six months and extended losses in the last two months. The dollar fell to the low of the year. BHP Chairman Jacque Nasser estimated commodities prices are expected fall further and the company may revise its 5-year investment plan of $80 billion.

Fresh Greek Elections in June, EADS Swings to Profit

Arthi Gupta
16 May, 2012
New York City

The European indexes edged lower. Fresh elections will be held in Greece in June. Euro area annual inflation eased and jobless claims in the UK fell unexpectedly in April. EADS lifted full year earnings outlook.

U.S. Borrowings Rise, European Voters Demand Growth with Austerity

Bikram Pandey
07 May, 2012
New York City

U.S. indexes recovered in the afternoon after market sentiment rebounded and bank stocks closed higher. U.S. consumer borrowing increased at the fastest pace in March as car loans and student loans drove the increase in loans. AIG bought back $2 billion of the $5 billion offering from the Treasury.

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