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S&P 500 Index Up 4.2%; Modest Gains in Gold, Oil

Devan Biswas
10 Sep, 2010
New York City

U.S. stocks closed higher after a rally in the early afternoon. International Energy Agency lifted the global demand for oil but cautioned significant downside risks. For the week, the Dow closed up 3.1% and the S&P 500 index by 4.2%. Markets in Japan closed higher for the second week in a row.

UK PPI Eases; Morgan Sindall in a Deal

Arthi Gupta
10 Sep, 2010
New York City

The UK indexes traded sideways after producer prices inflation eased in August. Irish manufacturing output rose in July and weekly earnings fell in the first quarter. Morgan Sindall acquired ongoing contracts and related assets of Connaught plc.

Lululemon, Aceto Surge 10%; National Semi Drops

Devan Biswas
10 Sep, 2010
New York City

National Semiconductor Corp dropped 4% after it forecasted lower than estimated second quarter sales. Lululemon Athletica Inc spared 10% after the athletic wear maker reported sharply higher quarterly earnings.

EU Current Account Deficit Widened

Arthi Gupta
10 Sep, 2010
New York City

The European indexes fell after EU current account deficit widened in the second quarter. The ECB President Trichet reiterated credit measures essential for euro area recovery. IfW raised German growth outlook. French industrial output improved in July.

U.S. Stocks Up; 3M to Buy Arizant

Arthi Gupta
10 Sep, 2010
New York City

U.S. stocks advance after concerns eased on global economic recovery. IEA cautioned slowdown in oil demand. 3M agreed to acquire Arizant for $810 million. National Semiconductor profit tripled in the first quarter. Texas Instruments Inc lifted annual revenues and earnings outlook.

China Surplus Expands; Home Price Rise Slows

Chandrasekhar Atreya
10 Sep, 2010
New York City

Stocks in China region traded higher after August trade surplus increased 25%. Shanghai Pharmaceutical Holding Co plans to list in Hong Kong to raise as much as $1 billion. Metropolitan homes prices rose at a slower pace. Iron ore imports in August dropped 13%.

Nikkei Rallies 1.6%; More Stimulus in Japan

Chandrasekhar Atreya
10 Sep, 2010
New York City

Stocks in Japan gained aided by a weaker yen to post the second weekly gain in a row. Government announced a 915 billion yen stimulus. Office vacancy rises in August but machine tool orders surged 170% in the month.

Sydney Gains; Coal Export Rises

Chandrasekhar Atreya
10 Sep, 2010
New York City

The benchmark index in Australia failed to build on gains in international markets. Competition regulator blocks Virgin Blue and Air New Zealand alliance. Export of coal from Newcastle rises in the week ending September 6.

Stocks Fluctuate, Banks in Focus; Gold Eases

Devan Biswas
09 Sep, 2010
New York City

U.S. stocks traded higher on the back of better than expected jobless claims. S&P 500 index has rebounded more than 5% in the month. Crude oil and gold edged lower. Indexes in Europe traded higher after sovereign debt worries eased.

Adobe, Men's Wearhouse Rise; Talbots Falls

Devan Biswas
09 Sep, 2010
New York City

Airgas declined after it rejected revised unsolicited offer from Air Products & Chemicals Inc. Fuqi International Inc plunged after the SEC demanded regulatory statements. Adobe systems Inc surged 10% after Apple relaxed mobile application guidelines.

UK Rates on Hold; Trade Deficit Widens

Arthi Gupta
09 Sep, 2010
New York City

The UK indexes gained after the BoE retained key rate and

European Indexes Up; German Inflation Eases

Arthi Gupta
09 Sep, 2010
New York City

The European indexes rose after German inflation eased in August. French payroll employment increased in the second quarter. The IMF noted Austria growth outlook challenging. Greek industrial output fell in July and Swedish inflation slackened in August.

U.S. Jobless Claims Fall; Trade Deficit Narrows

Arthi Gupta
09 Sep, 2010
New York City

U.S. stocks trade higher after weekly jobless claims fell 27,000 to 451,000 and trade deficit narrowed in July. Fed noted slowdown in economic growth and OECD reiterated recession is

Sensex in 4-Day Gain; Gujarat Pipavav IPO

Chandrasekhar Atreya
09 Sep, 2010
New York City

Stocks in Mumbai gained for the fourth consecutive day to keep the index at a 30-month high. Sale of passenger cars surge 33% in August. India approves stake sale of Manganese Ore (India) Ltd. Tata Power plans to increase power capacity to 25,000 MW by 2017.

China Buys Record Japan Debt in July

Chandrasekhar Atreya
09 Sep, 2010
New York City

Stocks in China fell after commodity and financial shares declined today. China bought record amount of Japanese government debts in July. Shanghai registers a record residential plot sale in Pudong New Area.

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