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S&P 500 Index in 3-day Rally; Oil, Silver Up 3%

Bikram Pandey
06 Oct, 2011
New York City

The 3-day rally in the U.S. stocks lifted the S&P 500 index 7% and small cap focused Russell 2000 index 11%. The dollar hovered near the recent highs and oil extended gains in the second day to 9%. European markets added 3%.

Best Weekly Gain in Australian Index in a Year

Marcus Jacob
07 Oct, 2011
New York City

Australian benchmark index gained for the third day in a row and closed up 3.9% in the week. Resources linked stocks led the gainers after commodities rebounded in Asian trading. National Leisure & Gaming ltd, the operator of 35 pubs entered into voluntary administration.

UK Indexes Fall 1.6%; Australia Approves SABMiller, Foster

Arthi Gupta
28 Sep, 2011
New York City

The UK indexes fluctuated after home prices in England and Wales and Irish retail sales dropped in August. The UK corporate credit availability remained unchanged in the third quarter. LCH.Clearnet entered into exclusive talks with LSE.

U.S. Movers: Actuant, Accenture, Darden, Family Dollar, Paychex

Mukesh Buch
28 Sep, 2011
New York City

Actuant fourth quarter net earnings swung to $41.4 million. Accenture fourth quarter net income rose 9% to $611.9 million. Darden first quarter net earnings fell to $106.6 million. Family Dollar fourth quarter net income rose 8% to $79.8 mn. Paychex first quarter net income rose 13% to $148.9 mn.

U.S. Durable Goods Orders Drop; Europe in Focus

Arthi Gupta
28 Sep, 2011
New York City

U.S. indexes gained after durable goods orders unexpectedly fell 0.1% in August. Investors are focused on developments in Europe. The European Parliament voted to adopt the proposals on economic governance to protect the region from future economic crises.

French Economy Stagnates; Italian Confidence Declines

Arthi Gupta
28 Sep, 2011
New York City

French economy stagnated in the second quarter. Germany import price annual inflation eased in August. Hungary''s unemployment rate remained unchanged during June to August. Sweden economic confidence index and Italian manufacturing confidence fell in September.

Japan Stocks Flat; Cautious Outlook on Euro Talks

Nigel Thomas
28 Sep, 2011
New York City

Stocks in Japan barely budged in cautious trading. Resources linked stocks and banks edged higher on the hopes of a resolution to the Greek crisis. Germany offered vocal support to Greece.

EC Proposes Transaction Tax, Finland Approves EFSF

Arthi Gupta
28 Sep, 2011
New York City

The European indexes traded sideways after dissent among euro area nations regarding the rescue package for Greece. European Commission proposed a financial transaction tax. The French economy stagnated in the second quarter. AXA confirmed options for private equity arm.

Australian Stock in Cautious Advance; Mortgage Delinquencies Rise

Marcus Jacob
28 Sep, 2011
New York City

Australian stocks rebounded at the opening but pared gains in the afternoon. Nufarm reported a higher net loss but also said net profit before charges rose 68%. Australia approved the purchase of Foster

U.S. Indexes Trim 3% Gains; Commodities Rebound

Bikram Pandey
27 Sep, 2011
New York City

U.S. and world markets rebounded on the hopes of a stronger policy response in the euro zone. The U.S. indexes trimmed earlier gains of 3% and copper, gold and oil surged. European indexes closed up 5% and Greece approved controversial property tax.

European Indexes Soar 5%; Italy Sells

Nichole Harper
27 Sep, 2011
New York City

European markets soared on the hopes that the Greek crisis may be contained. The market indexes in Germany, France and Milan soared more than 5%. Italy completed the sale of

U.S. Indexes Extend World Markets Rally; Home Prices Fall

Devan Biswas
27 Sep, 2011
New York City

U.S. stocks extended rally for the second day in a row and copper rebounded from a seven day decline. The euro advanced 0.5% after European leaders appear to agree on leveraging the rescue fund and Greece is set to approve more austerity measures.

U.S. Movers: American Greetings, Ferrellgas, Neogen, Walgreen

Mukesh Buch
27 Sep, 2011
New York City

American Greetings second quarter net income soared to $14.5 million. Ferrellgas reported first quarter net loss widened to $40.5 million. OneOk estimated fiscal 2012 net income to increased 20%. Walgreen fourth quarter net income more than doubled to $792 million.

Nikkei in Japan Gains 2.8%; Dividend Recapture Boosts Demand

Nigel Thomas
27 Sep, 2011
New York City

Stocks in Japan rebounded following a rally in Asian markets. The optimism linked to the euro zone progress in containing the widening debt contagion and the last day to purchase stocks to receive first half dividend also supported the indexes.

Australian Stocks Rebund 3.6%; CP2 Receives 80% ConnectEast Shares

Marcus Jacob
27 Sep, 2011
New York City

The Australian benchmark index soared 3.6% after falling for three days in a row. The rally in Australian and in the wider Asian markets was supported on the speculation that the euro zone leaders are close to finalizing the rescue fund details. CP2 won approval of 80% ConnectEast shareholders.

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