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Market Update

Commodities, Stocks Rise in UK

Arthi Gupta, Mayank Mehta and Sanjay Barot
21 Jun, 2010
New York City

The UK indexes soar after China

Global Payments Falls; Ford, MetLife Gain

Mayank Mehta
21 Jun, 2010
New York City

Global Payments Inc. led the decliners in the S&P 500 index with a loss of 6.7%. Ralcorp Holdings to acquire American Italian Pasta Company. Adidas sees soccer sales of at least $1.9 billion. BP Gulf spill handoff plan on track.

European Markets 9-Day Rally Continues

Arthi Gupta, Mayank Mehta and Sanjay Barot
21 Jun, 2010
New York City

European markets extend their gains for a ninth consecutive session after China decides to lift the peg of its currency against the dollar. Portugal producer prices rises 0.4% in May. Hungary Central Bank maintains key policy rate unchanged at 5.25%.

Australian, China Trade Deals; Telstra Settles

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
21 Jun, 2010
New York City

Stocks gained in Australia after China eased it yuan peg. Telstra surrenders copper fixed lines to government in A$11 billion deal. Government signs ten trade pacts with China. Sigma Pharmaceuticals Ltd and shareholders are likely to settle class action lawsuits.

Stocks in Japan Rise; Yuan Peg Ends

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
21 Jun, 2010
New York City

Stocks in Japan end at one-month high after China permitted the float of the yuan. Honda Motor Co and Toyota Motor Corp hiked wages to end strikes in parts factories in China. Premier Naoto Kan is scheduled to unveil his plan to bring down the debt.

Yuan-Dollar Peg Ends; 9-Day Rally in Stocks

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
21 Jun, 2010
New York City

China stocks gained the most in a fortnight, led by banks, airlines, and property firms after the government permitted a slow rise in the yuan.

Sensex in India Surges 1.7%

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
21 Jun, 2010
New York City

Stocks in Mumbai traded higher across all sectors after the government permitted life insurance companies to issue policies linked to stocks. Saudi construction firm agrees to buy stake in Maytas Infra. Bonus issue plans at Orbit Corporation and Tata Tea lifted stocks.

U.S. Stocks Up; Yuan Band to Widen

Arthi Gupta, Mayank Mehta and Sanjay Barot
21 Jun, 2010
New York City

U.S. stocks traded higher after China allowed the yuan to trade more freely against the dollar. U.S.-based Corn Products agrees to buy National Starch unit for $1.3 billion and Valeant agreed to merge with Biovail.

U.S., Global Stocks, Gold Rise

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
18 Jun, 2010
New York City

U.S. stocks traded sideways as global markets remain flat. BP Plc management faced penetrating questions about its safety record in the Gulf of Mexico as U.S. lawmakers increase pressure on the oil giant. Commodities traded mixed and gold raced to record high.

Amylin, Covanta Rise; Adolor, Coinstar Decline

Mayank Mehta
18 Jun, 2010
New York City

Amylin Pharmaceuticals, Inc. led gainers in the S&P 500 index with a rise of 14.3%. Tutor Perini awarded three contracts totaling $467 million. Strike shuts Toyota part supplier in China.

UK Money Supply, Borrowings Decline

Arthi Gupta, Mayank Mehta and Sanjay Barot
18 Jun, 2010
New York City

The UK indexes rose on optimistic economic data. The broadest measure of money supply decreased by

European Market 8-Day Streak Continues

Arthi Gupta, Mayank Mehta and Sanjay Barot
18 Jun, 2010
New York City

European markets continue to rise after eight sessions of straight gains. German producer prices rise 0.3% in May. Spanish bank Banco Santander

Greenspan Warns of Inflation

Arthi Gupta, Mayank Mehta and Sanjay Barot
18 Jun, 2010
New York City

U.S. stocks trade sideways as global markets retain positive bias. Private equity fund controlled by KKR agrees to buy Japanese recruitment firm Intelligence for $356 million.

PanAust Finds Gold; Sydney Stocks Up

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
18 Jun, 2010
New York City

Stocks in Australia rallied after a bond sale by Spain eased concerns about Europe

Stricter Consumer Lending in Japan

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
18 Jun, 2010
New York City

Stocks in Japan fell after stricter loan rules came into effect from today. The ruling party of Japan releases its election manifesto. Minutes of the meeting held by Bank of Japan on May 20 noted European markets instability.