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Nikkei Resumes Slide; Gree Earnings Ahead

Nigel Thomas
11 Aug, 2011
New York City

Stocks in Tokyo declined on the euro-zone worries after French banks plunged more than 10%. The yen firmed and Japanese banks fell to their lowest level in the year with three leading banks trading down 20%. Gree, the social network operator soared on better than expected earnings.

Greek Unemployment at 16.6%; German Wholesale Inflation 8.2%

Arthi Gupta
11 Aug, 2011
New York City

German wholesale inflation eased in July. Greek jobless rate surged 16.6% in May and import price annual inflation rose in June. Czech current account deficit narrowed in June.

French Banks Extend Losses; Zurich Financial Net Soars 88%

Arthi Gupta
11 Aug, 2011
New York City

European indexes fell on the second day on the growing worries of the French credit rating. Societe Generale, BNP Paribas and Credit Agricole extended losses for the second day. German wholesale inflation fell in July. Daimler, Rolls Royce secure 95% of Tognum. Zurich Financial net surged 88%.

Australian Markets Flat; Unemployment Rises to 5.1%

Marcus Jacob
11 Aug, 2011
New York City

Stocks in Australia seesawed all day and closed nearly unchanged after bargain hunters searched for values amid a weakening global economic backdrop. July unemployment rose to 5.1% from 4.9% in June. David Jones lowered its earnings outlook and reported weak quarterly sales.

U.S. Indexes Plunge 4.5% on French Bank Worries

Bikram Pandey
10 Aug, 2011
New York City

U.S. indexes plunged more than 4% erasing all the gains of one-day rally. Nervous market dragged stocks lower on the growing belief that the economy may be sliding towards recession. Banks in Europe and the U.S. declined on the worries that France may have to bailout its banks. Gold gained 3%.

U.S. Movers: Avnet, Cree, Macy's, Polo Ralph, Rovi, Walt Disney

Mukesh Buch
10 Aug, 2011
New York City

Capital One agreed to acquire HSBC

UK Growth Outlook Lowered; Interserve, Standard Life Net Rise

Arthi Gupta
10 Aug, 2011
New York City

The UK indexes slumped after the Bank of England trimmed its growth and inflation outlook. UK riots expand to three more cities on the fourth day. Ireland industrial production declined in June and new car registrations fell in July. Standard Life first-half net revenues rose 7.4% to £5.24 billion.

Nasdaq, S&P 500 Plunge 3%; Polo Ralph Lauren Net Surges 52%

Arthi Gupta
10 Aug, 2011
New York City

U.S. indexes plunged 3% after the Fed guided low rates for two years and announced no new measures to lift the economic growth. U.S. mortgage applications surged to 21.7%. Capital One agreed to acquire HSBC’s domestic credit card business for $2.6 billion. Macy''s earnings soared 64%.

Nikkei in Tokyo Rises 1%; Yen Firms

Nigel Thomas
10 Aug, 2011
New York City

Stocks in Japan traded higher after the U.S. Federal Reserve left its key lending rate near zero and guided low rates for another two years. Exports linked stocks were lower as the yen firmed up. Sony confirmed that rioters burned down one of its warehouses in London.

European Indexes Up; Commerzbank Net Down 93%, Nestle Net Falls 16%

Arthi Gupta
10 Aug, 2011
New York City

European indexes rebounded after a week of chaotic trading. The IEA lowered its 2011 global oil demand growth forecast. The SNB lifted banks'' sight deposits to curb franc appreciation. E.ON planned slashing about 11,000 jobs and Nestle first-half net fell 16%.

German Inflation at 2.4%; French Industrial Output Falls

Arthi Gupta
10 Aug, 2011
New York City

French industrial output fell and current account deficit narrowed in June. German annual inflation was at 2.4% and Portugal inflation eased to 7-month low in July. Norwegian factory price inflation was 16.1% in July.

Australian Index Rally 2.6%; Asian Markets Up

Marcus Jacob
10 Aug, 2011
New York City

Australian stocks soared following a strong rebound in Asian markets tracking gains in overnight trading in New York. The broad rally lifted resources linked stocks, banks and retailers. China trade surplus rose to a record high in 30 months.

Late Rally Lifts S&P 500 by 4.8%; Fed Lowers Economic View

Bikram Pandey
09 Aug, 2011
New York City

U.S. stocks bounced between gains and losses of 2% or more after the Fed held its key lending rate and guided low rates till mid-2013 and did not announce new measures to lift economic growth. Gold traded above platinum for the first time in three years. AOL Inc plunged 30% to a record low.

U.S. Indexes Rebound More than 2%; Gold, Oil Gain 1.3%

Bikram Pandey
09 Aug, 2011
New York City

The S&P 500 and the Nasdaq soared as high as 3.5% ahead of the Fed meeting this afternoon. The confidence was recovered after stocks fell the most in 32 months but trading volume lagged market expectations. European markers rebounded and oil and god gained.

U.S. Movers: AOL, DISH Network, EchoStar, Ralcorp, Sempra Energy

Mukesh Buch
09 Aug, 2011
New York City

AOL reported second quarter net loss shrank 99% to $11.8 million. DISH Network second quarter net income increased 30% to $335 million. EchoStar second quarter net income swung to $18 million. Sempra Energy second quarter net income rose to $511 million.

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