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Europe in Crisis Drags Down U.S. Indexes 3%

Arthi Gupta
04 Oct, 2011
New York City

The U.S. and global indexes traded lower on the European debt crisis. U.S. construction spending rebounded in August. HP acquired control of Autonomy Corporation. State Street acquired Swiss-based Complementa Investment-Controlling.

OECD Inflation Climbs; Spain

Arthi Gupta
04 Oct, 2011
New York City

OECD area inflation climbed in August. Spanish jobless rate rose in September to 21.2%, a record high in the euro zone. Euro area producer price inflation eased but Romanian retail sales dropped in August. Greek retail sales declined in July.

Australian Rates on Hold; Sundance Resources Soars 10%

Marcus Jacob
04 Oct, 2011
New York City

Australian markets dropped nearly 1% on the weakening global scenario and rising tensions in the euro zone. Resources linked stocks closed lower. Reserve Bank of Australia left its key lending rate at 4.75%. Sundance Resources soars on a revised offer from Hanlong.

European Indexes Slump; Dexia Plummets 14%

Arthi Gupta
04 Oct, 2011
New York City

European indexes extended losses for the third day after euro area finance ministers postponed the decision on the next loan instalment for Greece. Banks led the decliners after Belgium based Dexia faces credit downgrade.

S&P 500 Index Drops 2.9%; Citigroup, Bank of America Fall 10%

Bikram Pandey
03 Oct, 2011
New York City

Greek gloom overshadowed market sentiment in New York trading. The S&P 500 index declined below 1,100 and closed down 2.9%. The euro fell on the growing consensus that Greek default is inevitable. Bank of America, Morgan Stanley and Goldman Sachs declined between 4% and 10%.

Nikkei in Japan Drops 1.8%; Tankan Survey Optimistic

Nigel Thomas
03 Oct, 2011
New York City

Stocks in Japan declined following the weekend news from the euro zone. The latest tankan survey indicated improved sentiment among large manufacturers in September. Nippon Yusen KK reported higher than estimated loss in the fiscal first half.

UK Manufacturing Expands, Home Prices Fall

Arthi Gupta
03 Oct, 2011
New York City

The UK indexes tracked weaker European markets after banks took another hit today. Greece confirmed higher than estimated budget deficit. A ratings agency affirmed the UK

U.S. Markets Struggle, Manufacturing Index Expands

Arthi Gupta
03 Oct, 2011
New York City

The U.S. indexes traded higher after manufacturing expanded in September but global indexes declined on the Greek woes as the struggling nation battles weak economy, rising unemployment and falling tax revenues. Ratings agency revised down world growth outlook for 2011.

Manufacturing in Europe Falls; Swiss Retail Sales Slide

Arthi Gupta
03 Oct, 2011
New York City

Manufacturing activity in Europe continued to decline in September except for Italy. Hungarian trade surplus was lowered in July. Denmark

Greece Misses Deficit Targets; European Banks Drop

Arthi Gupta
03 Oct, 2011
New York City

European indexes slumped after Greece announced new austerity measures and its inability to meet the deficit reduction targets for 2011 and 2012. Denmark

Australian Stocks Drop 2.8%, Banks Decline

Marcus Jacob
03 Oct, 2011
New York City

Australian stocks plunged following losses in Asia. The resurgent worries linked to Greece and the euro zone. Greece revised its deficit target higher for the current year and the next year. Banks declined.

S&P 500 Index in Quarterly Drop of 14%; Kodak Plunged 52%

Bikram Pandey
30 Sep, 2011
New York City

U.S. indexes closed at their lows in the month and plunged more than 13% in the quarter. The weakness in the market was rooted in the weakening economic data and persistent worries on the euro zone. Eastman Kodak is said to weigh bankruptcy and sell patent portfolio.

U.S. Movers: AZZ, Ingersoll-Rand, Lumber Liquidators, Micron Technology

Mukesh Buch
30 Sep, 2011
New York City

AZZ second quarter net income fell to $9.61 million. Ingersoll-Rand revised its third quarter and full-year revenues guidance. Lumber Liquidators narrowed its outlook for fiscal 2011. Micron Technology reported fourth quarter net loss of $135 million.

Fifth Monthly Production Increase in Japan; Promise Surged 18%

Nigel Thomas
30 Sep, 2011
New York City

Stocks in Japan were flat and investors turned cautious after weak global sentiment. Industrial production increased for the fifth month in a row and labor force declined to the 1987 level. Furukawa, Fujikura and Sumitomo Electric plunged on price fixing charges worries. Promise soared 18%.

Australian Stocks Weak; Home Prices Decline

Marcus Jacob
30 Sep, 2011
New York City

Australian stock closed flat after a volatile session. At the end of the week the benchmark index added 2.7% and in September the index declined 6.1%. Australian home prices declined 0.4% in August.

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