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Rates on Hold in Europe, UK; Dexia Collapse Sets the Stage

Nichole Harper
06 Oct, 2011
New York City

European markets struggled at the opening but gained in the afternoon. European Central Bank left its key rate at 1.5% and the Bank of England expanded its bond buying program. Banks gained on the talks of recapitalization plan and Dexia SA may face unwinding sooner than expected.

Nikkei in Japan Advances 1.7%; Sony Secures EMI Bid Financing

Nigel Thomas
06 Oct, 2011
New York City

Stocks in Japan gained following a decline for four days in a row. Resource stocks and banks led the gainers. Aeon Co jumped 5% after it lifted its annual outlook. Sony Corp rebounded from a 25-year low after it secured funding to bid for the UK based EMI.

Australian Index Soars 3.6%; Dollar Rebounds

Marcus Jacob
06 Oct, 2011
New York City

Australian stocks surged following a 2-day rally in international markets. The benchmark index in Sydney increased 3.6% and stocks in banking and resources sectors led the advance. The Australian dollar rebounded to 97 cents.

Wall Street Higher on Payrolls, Services Growth; Yahoo, RiM Rumors

Bikram Pandey
05 Oct, 2011
New York City

U.S. stocks rebounded and the indexes gained more than 1% and oil surged more than 5% after commodities snapped a 3-day slump. Yahoo and Research in Motion jumped on takeover speculations and financials recovered after a decline of three days.

U.S. Movers: Acuity Brands, Costco, Global Payments, Monsanto, Yum

Mukesh Buch
05 Oct, 2011
New York City

Acuity Brands fourth quarter net income surged 26% to $34.2 million. Acme Packet estimated third quarter total revenues of $70 million. Costco fourth quarter net income increased 11% to $478 million. Yum Brands third quarter net income increased 7% to $383 million.

UK Indexes Up 2%; Q2 GDP Lowered to 0.1%

Arthi Gupta
05 Oct, 2011
New York City

The UK indexes rose on European hopes. The UK shop price inflation remained flat, job growth slowed, and service sector activity grew in September. UK GDP growth revised down but business investment rose in the second quarter. Premier Oil agreed to acquire for

Red Hat Q2 Earnings Call Transcript

123jump.com Staff
05 Oct, 2011
New York City

The open source technology solutions provider said total quarterly revenue rose 28% to $281.32 million. Net income in the quarter surged 69% to $40.0 million. Earnings per share grew to 20 cents compared to 12 cents per share a year-ago quarter.

U.S. Private Sector Employment Improves; Costco Net Rises 11%

Arthi Gupta
05 Oct, 2011
New York City

The U.S. indexes opened higher and extended gains from the late evening rally of yesterday. The euro dropped to a new low against the yen. U.S. private sector employment improved in September, factory orders decreased in August and mortgage applications fell. Costco quarterly sales rose 17%.

Euro Area Retail Sales Fall; Service Sector Contracts

Arthi Gupta
05 Oct, 2011
New York City

Euro-zone retail sales fell in August and composite PMI declined in September. Service sector activity dropped in Germany, Italy and Spain in the month. French private sector contracted in September.

Nikkei in Japan in 4-day Decline; Utilities Plunge

Nigel Thomas
05 Oct, 2011
New York City

Stocks in Japan extend losses for the 4-day on the global markets worries. Banks and insurers closed lower after Italian debt rating was cut. Electric utilities plunged after Trade Minister Edano said he is looking to revised rate framework. The yen traded at a record high against the euro.

European Indexes Higher; Italian Bonds Ratings Lowered

Arthi Gupta
05 Oct, 2011
New York City

European indexes braved market sentiment to trade higher. Banks were in focus after Dexia sought another bailout. Moody

Australian Stocks Rebound; Exports, Building Permits, Retail Sales Gain

Marcus Jacob
05 Oct, 2011
New York City

Stocks in Australia increased after a three-day decline. Retail sales in August increased 0.6% and building approvals rose 11.4%. Trade surplus in month surged 71% after exports of coal and iron ore rebounded.

World Markets in Bear Zone; Late Rally Erases U.S. Losses

Bikram Pandey
05 Oct, 2011
New York City

The U.S. indexes recovered from the lows of 3% after the euro zone news raised the prospects of Greek debt default. Fed Chairman Bernanke noted slower than expected U.S. economic recovery and highlighted the sluggish job market. The euro declined to a nine-month low. Gold, copper and oil dropped 3%.

Nikkei in Tokyo Declined 1.1%; Financials, Exporters Lead

Nigel Thomas
04 Oct, 2011
New York City

Stocks in Japan declined on the rising worries in the euro zone and the yen rose to a decade-high against the euro. Markets in Hong Kong, India, Shanghai and Australia declined. Exports driven companies led the decliners.

UK Indexes Plunge 3.8%; Construction Stagnates

Arthi Gupta
04 Oct, 2011
New York City

The UK indexes plunged on the worsening sovereign debt crisis in Europe. The UK construction activity stagnated in September. Ireland''s central bank lowered economic growth outlook for 2012. Wolseley swung to profit in fiscal year 2011.

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