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Japan Stocks Advance; Factory Orders Drop 8.2%

Nigel Thomas
08 Sep, 2011
New York City

Stocks in Japan gained for the second day in a row as investors focused on the measures to improve global economic scenario. Factory order declined 8.2% in July after rising 7.7% in June. Mining and resources linked companies closed higher.

Australian Uemployment Rises to 5.3%; Stocks Trim Gains

Marcus Jacob
08 Sep, 2011
New York City

Australian stocks gained for the second day in a row and unemployment in August rose 5.3% from 5.1% in July. The surprise increase in the rate put investors on the defensive. Unemployment in Western Australia increased to 4.4% from 4%.

Stocks Surge Ahead of Obama Jobs Plan; Financials Soar 4%

Bikram Pandey
07 Sep, 2011
New York City

U.S. indexes surged more than 2% after banks and tech stocks led the recovery after a 3-day decline. The Fed

S&P 500 Index Up 2%; Bank of America in Restructuring, Yahoo CEO Fired

Devan Biswas
07 Sep, 2011
New York City

Stocks in New York trading rose after a three-day of sell-off. Banks led the gainers after Bank of America replaced executives in its restructuring plan. Yahoo gained as much as 6% after its board replaced chief executive. Nvidia rose on positive outlook.

U.S. Movers: Altera, Navistar, Nvidia, Talbots, VimpelCom, VeriFone

Mukesh Buch
07 Sep, 2011
New York City

Altera updated third quarter sales guidance. Navistar third quarter net income surged to $1.4 billion. Nvidia anticipates revenue of $4.7 billion to $5.0 billion in fiscal year 2013. VimpelCom second quarter net income declined 29% to $239 mn. VeriFone third quarter net income soared 42% to $26.3mn.

German Court Approves Bailout Authority; SAP Affirms Earnings

Arjun Dave
07 Sep, 2011
New York City

European markets rebounded and bond yields declined after German Constitutional Court affirmed the government

Nikkei Rebounds 2% After 3-day Sell-off; Gree, DeNa, Kirin Up

Nigel Thomas
07 Sep, 2011
New York City

The Nikkei index in Tokyo gained more than 2% after dropping 6% in a three day sell-off. Export and resource linked companies led the broad advance in the market. Social media sites soared on broker comments.

Australian GDP Expands 1.2%; Macquarie Net Lags

Marcus Jacob
07 Sep, 2011
New York City

Australian GDP rose 1.2% in the second quarter after exports rebounded and coal shipments recovered from the lows during the natural disaster in the first quarter. Stocks surged more than 2% after the central bank governor issued a positive outlook on the economy.

U.S. Bond Yields Drop to Lows; World Markets Drift Lower

Bikram Pandey
06 Sep, 2011
New York City

U.S. indexes declined more than 1.4% on the global economic worries. The indexes in the Europe dropped as much as 3% and banks declined for the second day in a row. The recent market declines have dragged U.S. and Europe stocks and indexes near 2008 levels.

European Indexes Weaken Further; Switzerland Defends Euro-franc Rate

Arjun Dave
06 Sep, 2011
New York City

European markets declined and banks led the losers across the region. Italy faced a wave of protests as lawmakers debated second austerity measures of 46 billion euros. Swiss central bank set the cap on euro-franc exchange rate that may prove costly.

U.S. Movers: Blyth, MTS, Progress Software, Sunoco

Mukesh Buch
06 Sep, 2011
New York City

Blyth reported second quarter net loss of $3.07 million. Russia based mobile telecom service provider, MTS aid second quarter net income rose 3% to $367 mn and it will increase ownership of MGTS to 94.1%. Progress Software lowered its third quarter outlook.Sunoco plans to exit its refining business.

U.S. Indexes Trim Losses to 2.4%, Service Industry Expands

Bikram Pandey
06 Sep, 2011
New York City

The U.S. indexes traded lower after a vortex of negative news from Europe added to market anxieties. The indexes trimmed losses after the service index showed an improvement in August. Shaw Group agreed to sell its 20% stake in Westinghouse Electric to Toshiba.

Nikkei Drops 2.2%, Toshiba to Add 20% to Westinghouse Stake

Nigel Thomas
06 Sep, 2011
New York City

The benchmark index in Japan declined 2.2% as investors feared weak prospects of global economic recovery and exports growth. Toshiba dropped more than 5% after the company is expected to increase its stake in the Westinghouse Electric by 20%.

Australian Index Drops 1.6% to 2-year Low; Rio Tinto Plans Palabora Sale

Marcus Jacob
06 Sep, 2011
New York City

The Australian benchmark declined 1.6% and traded near 2-year low. The market indexes in Asia dropped for the second day on the euro-zone debt worries and uneven economic recovery in the U.S. Gold gained 2%.

European Indexes Fall 4%; Deutsche Bank Plunges 9%

Bikram Pandey
05 Sep, 2011
New York City

Market indexes in Europe fell sharply and the German benchmark index declined to a two-year low after German Chancellor Angela Merkel controlled party suffered a defeat in a regional election. Banks led the decline on the worries after the U.S. is preparing to sue 17 banks.

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