Market Update

U.S. Stocks Look Down on Euro Worries; Mixed Jobs Picture

Arthi Gupta
05 Jan, 2012
New York City

The U.S. indexes futures dropped on the ongoing euro area debt worries with no end in sight. Employment in the U.S. private sector expanded in December and weekly jobless claims fell to 372,000, Consumer price inflation in the OECD area eased in November.

Australian Stocks Edged Lower, Service Sector Contracts

Marcus Jacob
05 Jan, 2012
New York City

Australian stocks declined in thin trading after rallying for the first two days after German debt auction attracted fewer than expected bids and ahead of French debt auction later today. Resources linked stocks were on the defensive. Service sector contracted in December.

Euro Area Orders Rise; German Retail Sales Drop

Arthi Gupta
05 Jan, 2012
New York City

The producer price index for the euro area and Italian jobless rate rose but retail sales in Germany fell in November. The consumer confidence index for France remained unchanged in December.

European Markets Lower; France Sells

Arthi Gupta
05 Jan, 2012
New York City

European markets edged lower and France raised

Wall Street Fluctuates; Gold, Oil Advance on Mid-east Tensions

Bikram Pandey
04 Jan, 2012
New York City

U.S. stocks traded sideways and gold rose to a 2-week high and oil gained to a high last seen in May as war of words escalated between the U.S. and Iran. U.S. auto sales increased 10% in 2011 on strong December sales.

UK Mortgage Approvals Rise, M4 Money Supply Falls

Arthi Gupta
04 Jan, 2012
New York City

The UK indexes traded sideways. The UK M4 money supply fell and mortgage approvals rose to a 23-month high in November but construction activity improved in December. Domino''s Pizza UK & IRL surged 6% but Next slumped 4%.

U.S. Indexes in Mixed Trading; Mortgage Applications Drop

Arthi Gupta
04 Jan, 2012
New York City

The U.S. indexes futures edged lower ahead of the factory goods order data and U.S. mortgage applications declined. Chesapeake said it is on target to achieve its long-term debt net of cash to be about $9.5 billion as of year-end 2012.

Nikkei Opens 2012 with 1.2% Rise

Nigel Thomas
04 Jan, 2012
New York City

Stocks in Tokyo opened higher on the first day of trading after a long weekend. The Nikkei 225 index increased 1.2% after falling 17.3% in 2011. ExxonMobil plans to sell its stake in the refiner TonenGeneral.

Euro Area Inflation Eases to 2.8%; Vestas Slumps 15%

Arthi Gupta
04 Jan, 2012
New York City

European markets declined after UniCredit proposed an offering to raise

Miners Lift Australian Indexes 2%

Marcus Jacob
04 Jan, 2012
New York City

Australian stocks gained 2% and extended advance for the second day in a row as commodities prices increased and world economic data pointed to higher manufacturing activities. Oil rallied in Europe and in New York on the rising tensions in the Middle East. Gold jumped 2%.

Wall Street Advances on Economic Optimism; Gold Up 2%

Bikram Pandey
03 Jan, 2012
New York City

U.S. stocks soared on the first day of trading after manufacturing expanded and construction spending increased. The trading sentiment was also bolstered after manufacturing in China and Australian showed an increase. Gold soared on rising tensions in the Middle East.

Hong Kong, India Lead Asian Markets Advance

Nigel Thomas
03 Jan, 2012
New York City

Asian markets traded higher after China reported better than expected manufacturing data. Market indexes gains were in a check after crude oil increased 3%. Markets in Japan, mainland China, Japan and Thailand were closed.

UK Manufacturing Up; Confidence Slumps to 3-Year Low

Arthi Gupta
03 Jan, 2012
New York City

The UK indexes climbed after manufacturing rose unexpectedly but business confidence fell to a 3-year low in December. Chile-based Codelco exercised its option to buy 49% stake in Anglo American Sur for $6 billion.

U.S. Indexes Soar 2% on Construction, Manufacturing Data

Arthi Gupta
03 Jan, 2012
New York City

The U.S. indexes gained more than 2% after manufacturing expanded in November and construction spending rose. Venezuela proposed to pay Exxon $255 million in compensation for assets nationalised in 2007. France-based Total acquired assets in the Utica shale region from Chesapeake for $2.32 billion.

Australian Indexes Jump 1%; Retailers in Focus

Marcus Jacob
03 Jan, 2012
New York City

Australian stocks opened higher on the back of rising commodities prices and firm Asian markets. Australian retail sales are expected to rise 2.4% in the three weeks to mid-January.