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Nikkei Falls 10.3% in May, Japanese Bonds at 9-Year Low

Nigel Thomas
31 May, 2012
New York City

Stocks in Tokyo closed down and finished May with a loss of 10.3%, the worst monthly decline in the last two years. The yen gained and bond yields dropped after euro zone stress drove investors to the safety of few select governments bonds. Nuclear utilities operators rose on the prospect of restart

Australian Dollar Down 7%, Bond Yields at Record Lows

Marcus Jacob
31 May, 2012
New York City

Australian markets finished the worst month in several years with a loss of 7.3% in the benchmark index on the rising stress in euro zone and lowered growth expectations in China and India. South Australia government debt rating was lowered. Echo Entertainment agreed to a shareholder meeting.

Financial Stress: Record Yields in U.S., Switzerland, UK and Germany

Bikram Pandey
30 May, 2012
New York City

World markets extended losses and the euro fell to a 2-year low as investors prefer bonds of U.S., Germany, UK, Switzerland and Japan. Swiss bond yields turned negative at the latest auction and the U.S. bond yields fell to record low as Spanish yields jumped to a record since joining the euro.

U.S. Movers: Booz Allen, CorVel, Copart, Daktronics, Teavana, Fresh Market

Mukesh Buch
30 May, 2012
New York City

Booz Allen fourth quarter net surged nearly three-fold to $50.6 million. Copart third quarter increased 11% to $55.5 million. Jos. A. Bank Clothiers first quarter net declined 17% and RBC Bearings fourth quarter net soared 57.4%. Fresh Market first quarter net surged 43%.

Wall Street Tracks Lower European Markets, RiM Plunges 10%

Arjun Dave
30 May, 2012
New York City

Stocks in New York fell after European markets eased and bond yields of Spain reached a new high. Pending home sales fell in April. Research in Motion plunged 10% after it estimated operating loss and hired bankers for a strategic review. Apple chief confirmed the interest in building a TV device.

Nikkei in Tokyo Recovers from 1% Fall; Olympus, Renesas Rise

Nigel Thomas
30 May, 2012
New York City

Stocks in Tokyo recovered from the early decline of 1% in the Nikkei index but Spain and the euro zone worries dragged market sentiment. Olympus soared 5% on the speculation that it may seek capital from Panasonic or Sony and Renesas Electronics rebounded 27% after losing half its value this month.

Retail Sales Decline in Australia Drag Dollar

Marcus Jacob
30 May, 2012
New York City

Australian stocks closed lower on international worries after Chinese press agency confirmed that the government is not planning additional stimulus. The dollar fell after April retail sales declined. Resource stocks were volatile after weak commodities prices as the euro fell to a 2-year low.

Euro Crisis Deepens as Bank of Spain Governor Resigns

Arthi Gupta
30 May, 2012
New York City

The European indexes extended losses as Spanish bond yield rose to a record high since joining the euro. Italy raised

World Markets Spin as Financial Contagion Reach to Spain

Bikram Pandey
29 May, 2012
New York City

Stocks in New York traded higher and the growing financial contagion spread to Spain dragging the euro to a 2-year low as investors seek the safety in currencies and increase the U.S. dollar exposure. Commodities traded volatile and gold fell.

U.S. Movers: Colfax, FedEx, Interline Brands, Teledyne, Bank of Nova Scotia

Mukesh Buch
29 May, 2012
New York City

Colfax agreed to acquired Soldex S.A. valued $235 million. FedEx may acquire Brazilian transportation and logistics company Rapid

UK Retail Sales Rise, BG Group Sells Comg

Arthi Gupta
29 May, 2012
New York City

The UK indexes advanced after high street sales rose in May. BG Group agreed to sell Comg

Nikkei in Cautious Advance; Renesas, Sony, Panasonic in Focus

Nigel Thomas
29 May, 2012
New York City

Stocks in Tokyo gained but pared earlier gains on domestic corporate and the euro zone export worries. Panasonic, Renesas and Sony were in focus. Rising bond yields in the peripheral euro zone also stoked fears of another financial contagion in the currency union.

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