Chandrasekhar Atreya
01 Oct, 2010
New York City
Stocks in Japan continue to trail the world market gains in the week, month and in the fiscal first half. The benchmark index declined 15.5% in the first six months to September after a steady rise in the yen. Consumer prices and jobless rates drop in August.
Chandrasekhar Atreya
01 Oct, 2010
New York City
Shares in Sydney fell marginally and the Australian dollar gained for the seventh week in a row. Manufacturing activity contracts in September. Australia has the wettest September in more than a century. For the week, the benchmark index declined 0.5%.
Bikram Pandey
01 Oct, 2010
New York City
U.S. stocks opened higher but declined in the early afternoon and struggled to rebound. Three popular indexes surged between 8% and 12% in September. Crude oil gained more than 2% for the second day in a row and gold and silver traded elevated as the dollar edged lower.
Bikram Pandey
30 Sep, 2010
New York City
Synnex Corporation soared 8% after quarterly net rose 44%. Worthington Industries, Inc fiscal first quarter sales increased 48%. Xyratex Ltd. fell 12% after sales and earnings increased less than expected. CRA International gained 4% after earnings declined 21%, less than expected.
Arthi Gupta
30 Sep, 2010
New York City
The UK indexes traded lower after home prices rose and consumer confidence slumped in September. Ireland raised Anglo Irish bailout estimate. AIG agreed to sell Japan-based life insurance subsidiaries to Prudential Financial for $4.8 billion.
Arthi Gupta
30 Sep, 2010
New York City
The European indexes advanced after French PPI eased in August and German unemployment fell in September. Spain debt was downgraded with a stable outlook. Euro area annual inflation rose in September.
Arthi Gupta
30 Sep, 2010
New York City
U.S. stocks rose after weekly jobless claims fell 16,000 to 453,000 and second quarter GDP growth was revised to 1.7%. AIG agreed to sell Japan-based life insurance units to Prudential for $4.8 billion. Covance and Sanofi-Aventis agreed on 10-year R&D alliance.
Chandrasekhar Atreya
30 Sep, 2010
New York City
The benchmark index in Mumbai gained 0.6% and closed up 11.3% in September and soared 14.9% for the year. The index is trailing the record by 4% established on January 11, 2008. Inflation continues to haunt policy makers but sustained foreign fund flows has supported the surge in indexes.
Chandrasekhar Atreya
30 Sep, 2010
New York City
Stocks in Shanghai gained as home builders and banks led gainers. Hong Kong stocks declined after Goldman Sachs sold stake in ICBC. China introduces new measures to curb property speculation. U.S. slaps tariff on China products and blamed unfair currency practices.
Chandrasekhar Atreya
30 Sep, 2010
New York City
Stocks in Tokyo trading declined sharply after indexes fell in Europe and the yen hovered near recent highs. For the month, Nikkei increased 1.7% trailing the gains in other markets. Domestic auto output, vehicle exports and retail sales grew, while factory output drops marginally in August.
Chandrasekhar Atreya
30 Sep, 2010
New York City
Stocks in Sydney fell on the worries that a slowdown in home sales may affect banks. In addition a plan by a rating agency to stress test bank portfolio for mortgage securities. Drop in new home building approvals brings down the Australian dollar from its near two-year high level.
Bikram Pandey
29 Sep, 2010
New York City
U.S. indexes rebounded from their lows of the day but the dollar declined and commodities and gold advanced. The rally in indexes this month is still the largest September since 1939. Energy complex stocks gained after crude oil increased to the two week high.
Arthi Gupta
29 Sep, 2010
New York City
The UK indexes pared gains after mortgage approvals fell in August. The UK productivity growth rose in the second quarter, services output improved in July, and gross mortgage lending remained flat in the month. British Airways agreed to launch transatlantic joint business with AA and Iberia.
Bikram Pandey
29 Sep, 2010
New York City
American Greetings plunged more than 11% after it reported revenues and profit decline. Family Dollar Stores, Inc after fiscal fourth quarter sales increased 8%. Green Mountain Coffee Roasters Inc. plunged 15% after the SEC opens investigation.
Arthi Gupta
29 Sep, 2010
New York City
The European indexes slid after euro-zone economic confidence rose in September. The EU proposed tougher sanctions on budget offenders. German inflation accelerated and French consumer sentiment climbed in September. Romania central bank retained key rate at 6.25%.
