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European Markets Advance; ECB Interest Rate Flat

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

European markets climb after positive trade data from China. The strengthening of the euro boosts investor confidence. The ECB holds key interest rate unchanged at a record low of 1%. Centrica to acquire North American home services business for $183 million in cash.

Walt Disney, Walgreen Decline; Analogic Gains

Mayank Mehta
10 Jun, 2010
New York City

AutoZone, Inc. led the decliners in the S&P 500 index with a loss of 2.4%. Synopsys to buy Virage Logic for a 28% premium. Navistar International profit more than doubles.

Earnings Outlook Lift India Stocks

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

Stocks in Mumbai trading gained for the second day today on expectations that better than expected earnings.

China Property Prices Surge; Volumes Fall

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

Stocks in China fell today on additional lending tightening concern after a government report showed that property prices across 70 cities rose 12.4% in May from a year earlier. The developers and commodity producers led the decliners.

Jobless Claims Fall; Deficit Rises

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

U.S. stocks gain after the release of better-than-expected economic reports from China and Japan and weekly jobless claims. U.S. weekly jobless claims edge down to 456,000 and trade deficit widens to $40.3 billion in April. The strengthening of the euro also lifted market sentiment.

Japan Revises GDP Growth to 5%

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

Indexes in Japan gained with the broader Topix index gaining for the first time in a week, after the first quarter GDP expansion estimate was lifted to 5% from the previous read of 4.9%.

Australian Employers Add Jobs

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

Stocks in Australia gained after employers in Australia added nearly net 27,000 jobs in May than in April, giving a boost to consumer incomes.

UK Indexes Gain On China Exports Report

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

The UK indexes traded higher after Reuters reported a surge in China''s total exports in May, ahead of the data''s official release on Thursday. Allscripts and Eclipsys to merge in an all-stock deal valued at $1.3 billion. Autonomy to acquire CA Technologies Information Governance business.

Take-Two, Navistar Rise; Amazon.com Falls

Mayank Mehta
09 Jun, 2010
New York City

Pall Corporation led gainers in the S&P 500 index with a rise of 9.7%. Ciena net loss narrows and third quarter sales target beats view. Take-Two swings to profit for second quarter.

China Exports Boost European Markets

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

European markets rise after exports from China rose 50% in May. Dubai-based Emirates Airline places $11.5 billion order with Airbus for an additional A380 aircraft. Spain-based Banco Santander to buy back Bank of America''''s 24.9% stake in its Mexican unit for $2.5 billion.

Bond Yiels Rise in India

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

A private panel headed by HDFC chief Deepak Parekh has asked the government to change rules to allow the recommended debt fund of $10 billion for financing infrastructure projects in India to use untapped resources from pension and insurance funds.

U.S. Stocks Advance; Allscripts, Eclipsys Merger

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

U.S. stocks gain as exports in China boom, European markets advanced ahead of the Agricultural Bank''''s IPO, and mixed trading was seen in the Asian markets. IMF Deputy Managing Director Naoyuki Shinohara said the global outlook remains unusually uncertain and downside risks have risen significantly.

Indexes in China Rise after Exports Surge

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

Stocks in China gained most in two weeks after a Reuter report indicated a surge in exports and higher than estimated new loans.

Home Loan Approvals Drop in Australia

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

Australia

Machinery Orders Rise in Japan

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

The stocks in Japan fell on global worries despite stronger than estimated machinery orders in April. The stocks declined even after Prime Minister Naoto Kan pledged yesterday to help revive the economy hamstrung by persistent deflation and a huge public debt.

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