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Nikkei Extends 3-Day Losses, Yen Gains

Nigel Thomas
05 Apr, 2012
New York City

Trading sentiment in Tokyo was cautious after sovereign bond yields began to rise in Europe and commodities prices eased in international markets. The yen gained against the dollar and euro. Point Inc dropped 3% after the clothing retailer reported 19% decline in operating income.

Australian Insolvencies Surge to Record; Dollar in 5-Week Slump

Marcus Jacob
05 Apr, 2012
New York City

Australian stocks fell on the last day of trading this week and the dollar eased for the fifth week in a row. Gold and copper decreased more than 2%. The number of businesses closing rose to a record high in February.

Indexes on Wall Street Drop 1%; Gold Falls 3%

Bikram Pandey
04 Apr, 2012
New York City

U.S. stocks accelerated their declines in early afternoon and the Nasdaq dropped 1.7%. Banks, technology and industrials fell after the Fed took a wait and see approach and bond yields in Europe began rising again. Gold dropped 3% and oil declined 2%.

U.S. Movers: Acuity Brands, Monsanto, MSC Industrial, SanDisk, Walgreen

Mukesh Buch
04 Apr, 2012
New York City

Monsanto second quarter sales rose 15% and net surged 26% to $1.21 billion and the company lifted full year forecast. MSC Industrial second quarter net soared 21%. SanDisk lowered first quarter guidance on weak pricing and demand. Walgreen March sales fell.

U.S. Private Sector Adds 209,000 Jobs; World Indexes Falter

Arthi Gupta
04 Apr, 2012
New York City

U.S. indexes dropped more than 1% despite private sector added more than 200,000 jobs in March and bond yields perked up in Europe. 3G Capital sold 29% stake in Burger King for about $1.4 billion. SanDisk lowered first quarter revenue guidance.

Spain and Portugal Worries Resurface; ECB Holds Rate

Arthi Gupta
04 Apr, 2012
New York City

The European indexes slumped after sovereign bond yields resumed the advance. The ECB held rates unchanged for the fourth straight month in April. Spain raised

Nikkei Drops 2.3% on Sentiment Reversal, Fast Retailing Plunges 6%

Nigel Thomas
04 Apr, 2012
New York City

Stocks in Tokyo dropped sharply and the Nikkei index declined below 10,000 for the first time in three weeks as investor sentiment reversed. Fast Retailing plunged 6% after the largest apparel retailer reported less than expected 5.1% same store sales increase.

Australia Records Second Monthly Trade Deficit, Dollar Falls

Marcus Jacob
04 Apr, 2012
New York City

Australian exports declined 2% in February to $24.4 billion and imports fell 4% to $24.9 billion as consumers and businesses held back purchases. The dollar declined to a two-month low on the prospect of a rate cut next month.

Fed Minutes Drag Sentiment, Indexes Near 4-Year Highs

Bikram Pandey
03 Apr, 2012
New York City

U.S. stocks declined, bond yield rose and the dollar gained after the latest Fed minutes of meeting showed no commitment for new monetary stimulus. Chrysler led March auto sales as small cars drive the industry sales rebound.

UK Construction at 21-Month High; Cairn Acquires Norway

Arthi Gupta
03 Apr, 2012
New York City

The UK indexes edged lower and construction sector activity rose to a 21-month high in March. Cairn Energy agreed to buy Norway-based Agora Oil & Gas AS for $450 million.

U.S. Movers: Conn

Mukesh Buch
03 Apr, 2012
New York City

Conn

U.S. Factory Orders Rise; Chrysler Sales Jump 34%