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Market Update

Australian Stocks Rebound; Qantas Estimated Net Drop of 66%

Marcus Jacob
28 Nov, 2011
New York City

Australian stocks closed higher after the U.S. holiday sales showed a marked increase from a year ago. Markets in Asia and commodities rose. Qantas Airways Limited estimated first half profit to decline 66% on higher fuel and workers strike.

Thanksgiving Sales, Europe Hopes Lift U.S., Global Indexes

Arthi Gupta
28 Nov, 2011
New York City

The U.S. indexes traded higher on better-than-estimated retails sales on Black Friday. The Iraq government signed a $17 billion dollar gas deal with Basrah Gas. Bombardier won Indian rail contract worth $214 million.

O.E.C.D. Lowers Global Outlook; Euro Area M3 Growth Eases

Arthi Gupta
28 Nov, 2011
New York City

The O.E.C.D. lowered global growth outlook and warned EU leader to take decisive actions. Euro-zone money supply growth slowed but Swedish trade surplus grew in October. Manufacturing sector confidence in Italy improved in November.

European Indexes Surge 3.1%; Italian Bond Yields at 7.1%

Arthi Gupta
28 Nov, 2011
New York City

European markets soared on the expectations of new bond offering from Northern European nations that will provide financing to the troubled nations in the region. Moody

Weekly Drop of 8% on Wall Street; Euro Zone Donwngrades

Bikram Pandey
25 Nov, 2011
New York City

U.S. stocks traded sideways in a shorter trading session but sovereign debt yield in Europe rose. Ratings agencies lowered debt ratings of Hungary to below investment grade and by one notch for Belgium. The euro declined for the third day in a row.

European Indexes Rebound; Italian Debt Auction at Record Yield

Devan Biswas
25 Nov, 2011
New York City

European indexes rebounded after falling for six days in a row. Italy completed

Nikkei Drifts Lower; Nintendo Rebounds

Nigel Thomas
25 Nov, 2011
New York City

Stocks in Tokyo trading declined and the benchmark Nikkei index dropped 2.6% in the week and plunged 20% in the year so far. Nikon began replacing parts made elsewhere after it shuttered Thai factory and Nintendo edged up on robust sales of hand held game devices.

Sixth Day of Losses in Australia; 10-year Bond at 3.8%

Marcus Jacob
25 Nov, 2011
New York City

Australian stocks eased on the growing euro zone worries and weak commodities. Australian completed the sale of $700 million of 5-year bonds that yielded 3.25%. The yield on 10-year bond declined to the low last seen in March 2009. Woodside Petroleum fell after new natural gas wells were abandoned.

India Hopes Foreign Retailers Will Lower Food Inflation

Devan Biswas
24 Nov, 2011
New York City

India

Global Markets Falter as Euro Stress Seeks Next Targets

Bikram Pandey
24 Nov, 2011
New York City

Global markets declined as the debt stress in the euro zone extended to Germany and fears mount that the deepening contagion may soon engulf the UK and the U.S. where bond yields do not reflect economic realities. The euro edged lower and commodities declined in a quiet trading in Europe.

Nikkei Drops to 31-month Low; Toyota, SMFG, Nippon Yusen Down

Nigel Thomas
24 Nov, 2011
New York City

The benchmark index in Japan fell to the lowest in the year and dropped to the low last seen in April 2009. Failed German debt auction highlighted the deepening stress in the euro zone that may extend to UK and U.S. Exporters to Europe led the decliners and freight ship liners plunged to a new 1ow.

Australian Stocks Struggle; David Jones Sales Drop 11%

Marcus Jacob
24 Nov, 2011
New York City

Australian stocks drifted lower and commodities prices struggled in Asian trading. Banks led the weak sectors as debt contagion in the euro zone overwhelmed German government bond auction. David Jones said quarterly sales dropped 11.2% and reaffirmed the weak profit outlook.

UK Economic Growth Unrevised at 0.5%, Dixons Surges 9%

Arthi Gupta
24 Nov, 2011
New York City

The UK indexes rose after the third quarter economic growth estimate was held at 0.5% but business investment declined. The UK services index rose in September and Ireland said annualized wholesale prices increased in October.

German Economy Expands 0.5%; Home Loans in Spain Drop 42%

Arthi Gupta
24 Nov, 2011
New York City

The German economy expanded 0.5% in the third quarter and business confidence improved unexpectedly in November. Spanish home loans approvals fell in September. Hungarian retail sales eased in September.

German Confidence Lifts European Indexes; Portuguese Strike

Arthi Gupta
24 Nov, 2011
New York City

European indexes gained after German business confidence unexpectedly improved in November. Greek opposition leader signed a conditional pledge backing austerity measures. Portuguese workers strike paralyzed nation.