ticker

Australian Index Decline Extends Weekly Loss to 2%

Marcus Jacob
09 Dec, 2011
New York City

Australian stocks closed sharply lower after European leaders haggled to implement fiscal compact and treaty changes. The decline in inflation in China also dragged market indexes to a low for the month. For the week the benchmark ASX 200 index dropped 2%.

Wall Street Down 2% on Euro Jitters

Bikram Pandey
08 Dec, 2011
New York City

Market indexes in New York closed lower as European leaders gather to find a solution to the growing debt contagion. Market mood soured after the European Central bank did not expand its sovereign bond purchase program. Banks in Europe also need to raise more capital. Initial jobless claims declined

U.S. Movers: DemandTec, McDonald's, Pacific Sunwear, Medtronic, Costco

Bikram Pandey
08 Dec, 2011
New York City

DemanTec Inc soared after the Internet tools maker agreed to be acquired by IBM for $440 million. MEMC Electronic Materials Inc said it plans to shutter some of its facilities and lay off 20% of its staff. Pacific Sunwear agreed to $160 million financing but did not detail the terms.

U.S. Indexes Lower on Dashed Hopes in Europe; Weekly Claims Fall

Nichole Harper
08 Dec, 2011
New York City

U.S. stocks traded in a tight range with a negative bias ahead of the European summit of leaders. Banks led the decliners after the ECB did not indicate if it planned to increase its sovereign bond buying program. Initial weekly jobless claims last week fell below 400,000.

European Markets Decline After Rate-Cut to 1%

Devan Biswas
08 Dec, 2011
New York City

European markets traded lower and small markets fell sharply. The European Central Bank lowered its benchmark rate 25 basis points to 1% and offered longer dated loans and expanded collateral it is willing to accept but failed to increase its bond buying program.

Tokyo Stocks Struggle Near 1-month High; Tepco Drops 11%

Nigel Thomas
08 Dec, 2011
New York City

The Nikkei index in Japan declined ahead of the European summit. Softbank led the net new subscriber additions for the mobile communications services for the 20th month in a row. Freight shipping companies struggled near the 10-year lows. Tokyo Electric dropped on nationalization worries.

Australian Unemployment Inches Up to 5.3%; IAG in Focus

Marcus Jacob
08 Dec, 2011
New York City

Australian stocks edged lower in a broad market weakness. The unemployment rate increased to 5.3% in November as employers cut more than expected full-time positions and added fewer than expected part-time jobs. IAG gains on takeover speculation.

World Markets Waver Ahead of EU Summit and Rate Decision

Bikram Pandey
07 Dec, 2011
New York City

U.S. stocks wavered as investors focused on the 2-day summit of European leaders and a possible rate cut on Thursday by the European Central Bank. Commodities gyrated and bond yields trended higher in New York and Europe. The entire board at Olympus is expected to resign.

U.S. Movers: Citigroup, First Solar, Men's Wearhouse, Monsanto, Talbots

Devan Biswas
07 Dec, 2011
New York City

Citigroup edged lower and banks declined after the third largest bank said it will take $400 million charge and eliminate 4,500 positions. Dollar General said controlling shareholders plan to cut stake to 53.7%. J.C. Penney takes a stake in Martha Stewart Living.

Nikkei Rebounds 1.7%; Mitsui in Oil Tanker Deal

Nigel Thomas
07 Dec, 2011
New York City

The Nikkei index advanced and closed at one-month high following positive sentiment in Asian markets. Trading volume surged and resources linked companies and banks led the gainers. Mitsui O.S.K. agreed to form a joint venture with Danish and Singaporean partners to operate oil supertanker services.

Australian GDP Expands 1% on Construction, Mining Boom

Marcus Jacob
07 Dec, 2011
New York City

Australian stocks resumed the advance after the release of the third quarter economic growth data. The economy expanded 1% in the quarter and surged 2.5% from a year ago quarter on the continued boom in construction and mining sectors.

UK Inflation, Output Drops; Kesa Falls on Loss

Arthi Gupta
07 Dec, 2011
New York City

The UK indexes declined on the worries that more banks may be downgraded. The industrial and manufacturing production in UK declined more than estimated in October and shop price inflation eased to a one-year low in November. Kesa Electricals plunged 7.5%.

Market Update