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IMF Plans $1 Trillion Boost; Yields Drop in German, Portugal Auctions

Arthi Gupta
18 Jan, 2012
New York City

European markets edged higher and Greece is set to demand cuts from private lenders. Germany sold

World Markets Trade Higher; Gold Gains 1.4%

Bikram Pandey
17 Jan, 2012
New York City

U.S. stocks traded higher but financials were volatile after Citigroup reported a decline in earnings net income and Wells Fargo posted record profit on mortgage lending. Market sentiment in Europe was bolstered after demand for European debt was stronger than anticipated despite ratings downgrades.

Construction Stocks Surge in Tokyo Trading; Nikkei Up 1.1%

Nigel Thomas
17 Jan, 2012
New York City

Stocks in Tokyo trading gained and the Nikkei index increased 1.1% on the strong surge in building contractors. Japan may approve additional budget of 2.5 trillion to expand rebuilding of earthquake stricken areas.

U.S. Movers: Citigroup, M&T Bank, TD Ameritrade, Wells Fargo

Mukesh Buch
17 Jan, 2012
New York City

Citigroup fourth quarter net slipped 11% to $1.2 billion and Wells Fargo fourth quarter net increased 20% to $4.1 billion. Forest Laboratories third quarter net decreased to $278.4 million. M&T Bank fourth quarter net decreased 28% to $147.7 million. TD Ameritrade first quarter net rose to $152 mn.

UK Inflation Eases to 4.2%; Sumitomo Mitsui, RBS in $7.3 B Deal

Arthi Gupta
17 Jan, 2012
New York City

The UK indexes rose after annual inflation eased in December. Japan-based Sumitomo Mitsui agreed to acquire the aircraft leasing business of RBS for $7.3 billion and DS Smith proposed to buy the packaging division of Sweden-based Svenska Cellulosa for

Global Data Lift U.S. Indexes; Profits at Wells Fargo, Citi Diverge

Arthi Gupta
17 Jan, 2012
New York City

The U.S. indexes traded higher on upbeat global economic data and New York manufacturing activity improved in January. Citigroup quarterly net fell 11% and revenues declined 7%. Wells Fargo revenues fell 4% and net surged 20%.

Australian Index Gains 1.7%; Fortescue, Rio Tinto, Wesfarmers in Focus

Marcus Jacob
17 Jan, 2012
New York City

Australian indexes advanced after miners reported better than expected iron ore production in the December quarter. Investors bid up stocks after China reported economic growth of 8.9% in the fourth quarter and for the full year GDP expanded 9.2%.

Stable Demands at Debt Auctions of Spain, Greece and Belgium

Arthi Gupta
17 Jan, 2012
New York City

European markets rose after the debt auctions from Spain, Belgium and Greece attracted stronger than anticipated interest. German confidence index showed a strong improvement. Spain raised

Euro Area Inflation Lowered to 2.7%; German Confidence Soars

Arthi Gupta
17 Jan, 2012
New York City

The European rescue fund raised

European Markets Sideways; Carnival Plunges 17%

Bikram Pandey
16 Jan, 2012
New York City

European indexes traded sideways and focused on the meetings of politicians in the region ahead of EU summit later in the month. The talks between Greece and lenders are expected to resume midweek. France Telecom agreed to sell its stake in Orange Austria. Carnival plunged 17%.

Nikkei Declined 1.4%; Machinery Orders Surge 14.8%

Nigel Thomas
16 Jan, 2012
New York City

Stocks in Tokyo retreated and the Nikkei index declined 1.4%. Machinery orders in November increased 14.8% and beat the expectations of most economists. The yen traded at an 11-year high against the euro.

Australian Jobs Ads Fall; Stocks Ease on Euro Zone Worries

Marcus Jacob
16 Jan, 2012
New York City

Stocks in Sydney declined on the rising worries in the euro zone and a growing speculation that Greece may default on its loans. Job advertisements in December declined 0.9% according to a private survey and the government is set to release monthly jobs data on Thursday.

Wall Street Retreats; France and Italy Debt Ratings Downgraded

Bikram Pandey
13 Jan, 2012
New York City

Stocks in New York retreated and the euro closed at a 16 month low on the renewed worries about the euro zone and weak earnings outlook from JP Morgan. Greece halted talks with lenders and France, Slovakia, Austria and Italy face a new round of rating downgrade.

U.S. Movers: Copano, JPMorgan, JDA Software, Linn Energy, Tractor Supply

Mukesh Buch
13 Jan, 2012
New York City

Copano announced public offering of 5 million shares and priced at $34.03. JPMorgan fourth quarter net slipped 23% to $3.73 billion and annual net increased 9%. JDA Software expected revenue for fourth quarter to $173 million. Tractor Supply fourth quarter net sales increased 20% to $1.24 billion.

UK Construction Climbs, Factory Gate Inflation Eases

Arthi Gupta
13 Jan, 2012
New York City

The UK indexes pared gains after early advances. Construction output rose but factory gate inflation eased in December. Invensys slumped 21% after weak fiscal year 2011 outlook.

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