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Australian Stocks Advance; David Jones Halted

Marcus Jacob
19 Mar, 2012
New York City

Australian markets advanced on the rising commodities prices and comments from the IMF chief. David Jones halted stock ahead of the strategic review. Qantas unions campaign to save jobs at three aircraft maintenance facilities.

European Indexes Lower; UPS Acquires TNT Express in $6.77 B Deal

Arthi Gupta
19 Mar, 2012
New York City

European indexes edged lower on global economic worries and the euro area construction output fell in January but UK home prices rose in March. UPS agreed to acquire TNT Express in $6.77 billion cash.

World Indexes Extend Weekly Gains; Oil Above $107

Bikram Pandey
16 Mar, 2012
New York City

U.S. indexes were little changed and the Nasdaq extended weekly gain to a new high in the last twelve years. Global indexes closed at a 30-week high. The crude oil price in the last three months contributed to the gain in consumer prices. India plans to increase 18% spending in the next fiscal year.

India Proposes Higher Spending, Borrowing and Taxes in Union Budget

Devan Biswas
16 Mar, 2012
New York City

Finance Minister Pranab Mukherjee unveiled central government budget for the next fiscal year that will increase government spending by 18%, raise government borrowings by 7% and proposes to retroactively tax overseas mergers that involve Indian assets.

U.S. Movers: ATP Oil & Gas, Dole Food, J. Alexander

Mukesh Buch
16 Mar, 2012
New York City

ATP Oil & Gas revenue increased production volumes and higher oil prices. Dole Food rose after higher volume of sales. Excel Maritime reports profitable quarter. J. Alexander

CPI Rises on Sharp Jump in Gasoline Prices; Sentiment Weakens

Nichole Harper
16 Mar, 2012
New York City

U.S. stocks wavered in early trading after consumer price index increased 0.4% in February and confidence edged lower in March. Bank stocks were in focus after investors reassessed the data from the latest stress tests from the Fed. Crude oil prices rose and Treasuries edged lower.

Nikkei Rally Extend to Fourth Day, Yen Trends Lower

Nigel Thomas
16 Mar, 2012
New York City

Stocks in Tokyo rallied for the fourth day in a row as the yen hovered near the 11-month low. Freight shipping companies gained after the rate index jumped and automotive tire makers declined after the natural rubber industry association forecasted a shortage.

Australian Stocks Rest; Real Estate Stocks Decline

Marcus Jacob
16 Mar, 2012
New York City

Australian stocks eased in a listless trading and the benchmark indexes gained 1.5% in the week. Australian indexes lag the latest global markets momentum in the last six weeks. Resources linked stocks were mixed but banks were under pressure.

IMF Approves

Arthi Gupta
16 Mar, 2012
New York City

European indexes gained after the International Monetary Fund approved a

Wall Street Rally Lifts S&P 500 Index Above 1,400

Bikram Pandey
15 Mar, 2012
New York City

U.S. indexes advanced and the S&P 500 index and the Nasdaq added 0.5%. The S&P 500 index crossed 1,400 for the first time since June 2008. The European indexes also extended rally with the benchmark index in Germany up 21% in the year so far.

U.S. Movers: AMC Networks, Cisco, Guess, Ross Stores, Cato, Vera Bradley

Mukesh Buch
15 Mar, 2012
New York City

Radvision td gained 4% after it agreed to a merger with Avaya Inc for $230 million. Guess plunged 11% after it reported weaker than expected revenues. Ross Stores fourth quarter net increased 19%. Eagle Bulk Shipping dropped 9%. Scholastic Corp lifted its 2012 outlook.

Jobless Claims at 4-year Low, Cisco in $5 Billion NDS Deal

Nichole Harper
15 Mar, 2012
New York City

U.S. stocks traded sideways in early trading after jobless claims dropped to a 4-year low, producer prices increased 0.4% in February and manufacturing in the Northeast advanced. Foreclosure filings declined 8% in February.

Nikkei Extend 8-month Rally; Mazda Motor Soars 6%

Nigel Thomas
15 Mar, 2012
New York City

Stocks in Tokyo closed higher for the third day in a row and extended eight month high as the yen dropped to a 11-month low. Mazda Motor soared after its newly released sports utility vehicle exceeded monthly sales target.

Australian Stocks Ease; Myer Net Drops 20%

Marcus Jacob
15 Mar, 2012
New York City

Australian stocks eased after rallying the past week. Caution prevailed after comments from China suggested that the fast rising nation may need to embrace lower economic growth. Myer, the retail chain reported 20% decline in net income in the first half.

France, Spain Sell

Arthi Gupta
15 Mar, 2012
New York City

European indexes gained after France and Spain sold bonds today at lower borrowing costs. Employment in the euro area fell in the fourth quarter and the SNB held rates.

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