Market Update

Stocks in Japan Surge as BoJ Participates in Dollar Liquidity Swap

Nigel Thomas
01 Dec, 2011
New York City

The Nikkei index in Tokyo trading soared after Japanese central bank participated in a coordinated move with five other central banks to offer more dollar liquidity to the euro zone. Yamaha, the latest Japanese company, indicated it will resume production in a month in Thailand.

U.S. Weekly Jobless Claims Rise; Synopsys Acquires Magma

Arthi Gupta
01 Dec, 2011
New York City

The U.S. indexes slid after weekly jobless claims rose to 402,000. Spain and France completed the auctioned of

Australian Retail Sales Rise; Home Construction Dips Again

Marcus Jacob
01 Dec, 2011
New York City

Australian stocks soared following a surge in international markets after U.S. Fed coordinated dollar swap lines with five central banks and offered more dollar liquidity. Retail sales increased 0.2% in October, fourth monthly rise in a row but home building approval declined for the second month.

Euro-Zone Manufacturing Contracts; French Jobless Rate Rises

Arthi Gupta
01 Dec, 2011
New York City

Euro area manufacturing activity contracted in November. Germany''s exports and French jobless rate rose but Swiss gross domestic product eased in the third quarter.

Spain, France Auction

Arthi Gupta
01 Dec, 2011
New York City

European indexes traded mixed after surging more than 4% yesterday. Spain and France completed the auction of

Markets Across Atlantic Soar 3.5%; Oil Above $100

Bikram Pandey
30 Nov, 2011
New York City

Indexes in U.S. and Europe soared more than 3.5% after six central banks coordinated actions to offer more dollar liquidity at lower interest rate. Banks and commodities surged. The Fed

Nikkei in Japan Halts 3-day Rally; Pioneer Soars 7%

Nigel Thomas
30 Nov, 2011
New York City

The Nikkei index in Tokyo halted a rally of three days as Japanese banks were included in the latest worldwide downgrade of banks. Shipping companies continued to slide and steelmakers were for the second week in a row. Pioneer Corp surged 7% on the hopes of earnings recovery.

U.S. Movers: American Eagle, OmniVision, SeaDrill, The Fresh Market

Mukesh Buch
30 Nov, 2011
New York City

American Eagle third quarter net increased 6.3% to $52.4 million. Jos. A. Bank Clothiers third quarter net rose 19.3% to $15 million. OmniVision second quarter net slipped to $21.1 million. Ralcorp fourth quarter net loss in the quarter swung to $370.1 million.

UK Indexes Jump 2.9%; Nationwide Workers Strike

Arthi Gupta
30 Nov, 2011
New York City

The UK indexes soared on coordinated central bank action. Normal life paralyzed in Britain after public-sector workers and teachers went on a strike to protest austerity measures. UK housing equity injections rose in the second quarter.

U.S. Stocks Surge on Coordinated Central Bank Action

Arthi Gupta
30 Nov, 2011
New York City

The U.S. indexes soared after central banks of Europe, UK, Canada, Japan and Switzerland took a coordinated actions to ease liquidity crunch and lower rates for dollar swap lines by 50 basis points. U.S. private sector added 206,000 jobs in November. However, mortgage activity declined.

Euro Area Jobless Rate at 10.3%; Steady Inflation

Arthi Gupta
30 Nov, 2011
New York City

Euro area inflation remained steady but above the central bank target and German unemployment fell in November. France''s consumer spending was flat, the jobless rate in Italy and retail sales in Norway increased. Sweden''s current account surplus rose.

Europe Looks to IMF to Bolster Rescue Fund; Banks Ratings Lowered

Arthi Gupta
30 Nov, 2011
New York City

European indexes traded higher after finance ministers in the region sought the help of the ECB and the IMF to increase the fund size to

Australian Business Investment Soars; Home Prices Fall

Marcus Jacob
30 Nov, 2011
New York City

Australian stocks edged higher and business investments surged at a record pace in sixteen years and mining companies race to complete $232 billion of projects. Home prices declined at a faster pace in Melbourne and Brisbane in October.

Confidence Data Lift U.S. Stocks; European Leaders Seek IMF, ECB Help

Bikram Pandey
29 Nov, 2011
New York City

Market sentiment was positive after consumer confidence improved in November. The second data economic data after strong retail sales during the holiday weekend lifted spirits on the Wall Street. European leaders struggled to arrange more financing for the rescue fund.

Nikkei in Tokyo Surges; Jobless Rate Rises to 4.5%

Nigel Thomas
29 Nov, 2011
New York City

Stocks in Japan closed higher for the second day in a row tracking the strength in international markets. The strength in yen continues to affect the jobs climate. October unemployment rate increased to 4.5% as more people join labor force. Shippers and steelmakers rebound but trade near the lows.