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U.S. and Global Markets Sideways; Gold Down 4%

Bikram Pandey
29 Feb, 2012
New York City

World markets focused on the second instalment of cheap loans from the European Central Bank allowing politicians to find ways to stimulate growth. Asian markets gained after Japan and South Korea reported manufacturing advances and growth in India faltered. Gold and silver dropped more than 4%.

U.S. Growth Revised Up to 3%, Stocks Struggle

Nichole Harper
29 Feb, 2012
New York City

U.S. stocks got lift after the estimate of economic growth in the fourth quarter was revised higher. Fed Chairman Bernanke said job market is far from normal despite the recent drop in unemployment rate and said pace of economic recovery is modest and uneven.

European Banks Bid

Devan Biswas
29 Feb, 2012
New York City

European Central Bank second liquidity operation attracted

Indexes in Tokyo Lose Momentum; Production Rises 2%

Nigel Thomas
29 Feb, 2012
New York City

Stocks in Tokyo lost most of the gains of the session and industrial production surged to the highest level in January since last March. Manufacturers expect output to continue to rise for the next two months. Elpida plunged 97%.

Australian Retail Sales Up 0.3%; Construction Spending Falls 4.6%

Marcus Jacob
29 Feb, 2012
New York City

Australian stocks lost steam in late trading after retail sales in January increased 0.3% and personal credit growth was weak and construction spending fell in the last quarter. WorleyParsons and Harvey Norman reported weaker than expected results.

World Markets Sideways; U.S. Home Prices at 9-year Low

Bikram Pandey
28 Feb, 2012
New York City

Tech stocks advanced and commodities gained as U.S. indexes gained a fraction. European markets were cautious as banks prepare to participate in the second extended loan program. Japan based Elpida Memory filed bankruptcy protection and the dollar edged lower against the euro.

Durable Goods Orders Plunge 4%; Confidence Rises

Nichole Harper
28 Feb, 2012
New York City

U.S. stocks traded sideways after durable goods orders fell in January at the sharpest pace in three years on weaker than expected demands for aircrafts and business equipment. Consumer confidence increased in February. Priceline.com soared on quarterly results. Cooper Tire settled a 3-month strike.

Italian Yields Fall to 9-month Low; Greek Initiates Debt Swap

Devan Biswas
28 Feb, 2012
New York City

European markets closed mixed and Greece kicked off its debt swap program with private holders. Portugal said it passed third check from troika and is not looking for more debt or more time to pay the current debt. Italian debt yields dropped to a 9-mnth low.

U.S. Movers: AutoZone, Cablevision, Domino

Mukesh Buch
28 Feb, 2012
New York City

AutoZone second quarter net increased 13% to $166.9 million. Bank of Montreal first quarter net soared 34% to $1.10 billion. Ecolab fourth quarter net declined 32% to $88.7 million. Sempra Energy fourth quarter net increased to $292 million.

Nikkei Rises 0.9%, Elpida Files Bankruptcy

Marcus Jacob
28 Feb, 2012
New York City

Stocks in Tokyo trading closed higher reversing earlier losses in the day after the largest PC chipmaker Elpida Memory Inc filed for a bankruptcy protection with $5.6 billion in debt. Shipping companies declined for the second day in a row.

Australian Stocks Ease; QBE Net Plunges, Goodman Fielder Soars

Marcus Jacob
28 Feb, 2012
New York City

Australian stocks edged lower for the second day and resource prices stayed elevated. QBE Insurance said it will raise capital in a rights offering after annual net plunged. Goodman Fielder soared on a takeover speculation.

Nasdaq at a 10-year High; ECB Loan Results Awaited

Bikram Pandey
27 Feb, 2012
New York City

U.S. indexes traded higher after pending home sales index jumped more than expected and offered another evidence of slow and steady economic recovery. European markets awaited the second instalment of 3-year loans from the ECB this week. Germany approved second Greek bailout.

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