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Dow Down 3.2%; Euro 4-Year Low

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

U.S. indexes plunged after a disappointing jobs data and weakness in the euro. The latest U.S. employment data showed weak private sector additions. The euro dropped to a four-year low after negative comments from Hungarian officials.

FTSE Declines; BP Recovers Gulf Oil

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

UK indexes fall on U.S. jobs data and comments from Hungarian officials. UK house prices drop 0.4% month-on-month in May. easyJet unveils ash detector to end large-scale disruption.

SunTrust Declines; Quiksilver, Krispy Krem Rise

Mayank Mehta
04 Jun, 2010
New York City

Jacobs Engineering Group Inc. led the decliners in the S&P 500 index with a loss of 4.4%. Krispy Kreme quarterly profit surges. Quiksilver quarterly profit rises and sales decline. Hovnanian shares slip on order and revenue worries.

Hungarian Worries Drag European Indices 2%

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

European stocks trade lower after disappointing jobs data from the U.S. and talks of a sovereign debt crisis in Hungary. The euro declined after comments from Hungarian officials. Euro-zone GDP expands 0.2% in the first quarter ending in March.

Forint Declines in Hungary on Comments

Arthi Gupta
04 Jun, 2010
New York City

Hungarian officials said the country''s budget was in ""much worse"" condition than the previous government had stated, raising new fears about sovereign debt burdens in Europe.

U.S. Markets Track Losses in Europe

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

U.S. stocks fall after employment increases by 431,000 and unemployment rate declined to 9.7% in May on census jobs. The euro declined after comments from Hungarian officials. Finance ministers of G-20 nations meet in Korea to determine new capital requirements for banks.

Property Worries Hover China Sentiment

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

Baoshan Iron & Steel Co, China

India Deregulates Natural Gas Market

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

The Reserve Bank of India needs to consider the credit crunch created after payment of license fees for 3G phone services drained cash from the system, said Kaushik Basu, Chief Economic Advisor in the finance ministry.

Iron Ore Prices to Rise; Australia Trade Surplus

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

Australia

Resource Stocks in Australia Decline

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

Australian dollar fell after rising for two days as metal prices weakened. It traded at 84.60 U.S. cents at the end of the day in Sydney.

Japan Elects Naoto Kan as New Premier

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

Japan elected fifth prime minister in four years. The political turmoil gripped the administration of Prime Minister Yukio Hatomaya after he failed to deliver on several campaign promises and lost support of his party and coalition partners.

FTSE Gains; UK Net Reserves Rise

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

UK indexes gain on positive economic data and earnings momentum. UK house price index rises 0.5% month-on-month and service sector expands for a thirteenth consecutive month in May.

BP Faces Penalties; UK Money Supply Flat

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

UK stocks fall after U.S. threatens civil and criminal probes against BP Plc. UK construction sees strong growth during May. UK mortgage approvals increase in April but M4 money supply remains flat. Jupiter Investment Management prices IPO.

AutoNation, Exide Gain; Hovnanian Falls

Mayank Mehta
03 Jun, 2010
New York City

AutoNation, Inc. led gainers in the S&P 500 index with a rise of 4.9%. AutoNation''s May retail new vehicle unit sales up 22%. BJ''s same-store sales rise 3.5%, excluding gas. Ross Stores May same-store sales jump 5%. American Eagle Outfitters same-store sales dip 3%.

Best Buy, CA Decline; Amgen, Apple Rise

Mayank Mehta
02 Jun, 2010
New York City

Best Buy Co., Inc. led the decliners in the S&P 500 index with a loss of 3.6%. Energy stocks rise. JoS A Bank profit up 38%. Lionsgate fiscal 2010 loss narrows to $19.5 million.

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