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S&P 500 Surges 3.4%, Gold Down 3%; China, Germany Slowdown

Bikram Pandey
23 Aug, 2011
New York City

U.S. stocks closed higher and indexes in Asia and Europe gained. U.S. Treasury completed the sale of $25 billion of 2-year bills at record low rates and its first auction after the rating downgrade. Two private surveys indicated slowing and sluggish manufacturing growth in China and Germany.

Nikkei Rebounds After 3-day Decline; Nintendo Surges 8%

Nigel Thomas
23 Aug, 2011
New York City

Stocks in Japan and Asia gained after three days of decline. The yen declined from its record high but hovered near the highs. Nintendo soared on the speculation of a new product release.

U.S. Movers: Heinz, Medtronic, Universal Display, Williams-Sonoma

Mukesh Buch
23 Aug, 2011
New York City

H. J. Heinz first quarter net income fell 6% to $226.1 million. Medtronic first quarter net income fell 1% to $821 million. Universal Display licensed its technology and agreed to sell its proprietary materials to Samsung. Williams-Sonoma second quarter net earnings rose 27.8% to $39.31 million.

UK Orders, Mortgage Lending Rise; G4S, John Wood Up

Arthi Gupta
23 Aug, 2011
New York City

The UK indexes edged higher after manufacturing orders rose in August and mortgage approvals increased in July. Antofagasta first-half profit soared on higher commodity prices and strong growth in copper and gold output.

U.S. Indexes Gain; Heinz, Medtronic Net Fall

Arthi Gupta
23 Aug, 2011
New York City

U.S. indexes gained after Chinese manufacturing activity rose. European markets gained and Asian markets soared. Boeing secured

Australian Index Up 2.2%; Oil Search Net Doubles

Marcus Jacob
23 Aug, 2011
New York City

The Australian benchmark index gained more than 2% and the dollar increased to $1.047. Foster

Euro Area Private Sector Activity Slows; German Sentiment Weakens

Arthi Gupta
23 Aug, 2011
New York City

Euro area private sector activity growth remained moderate in August. German economic sentiment worsened in August but leading economic index increased in June. Norway gross domestic product expanded and Swedish employment rose in the second quarter.

European Indexes Higher; UBS to Slash 3,500 Jobs

Arthi Gupta
23 Aug, 2011
New York City

European indexes traded higher and Spain completed the sale of bonds at a lower yield. UBS planned to eliminate 3,500 jobs. The Committee on Foreign Investment in the United States approved Deutsche Boerse and NYSE Euronext merger.

U.S., World Markets Struggle; Gold Nears $1,900

Bikram Pandey
22 Aug, 2011
New York City

U.S. stocks struggled for the fourth day in a row and investors sought safety in precious metals. The U.S. bond yields hovered near record lows and gold raced to $1,900 an ounce. Oil edged higher as Gaddafi struggled to hold on Tripoli. Markets in Europe gained more than 1% and in Asia closed mixed.

Nikkei Drops to 5-month Low; Record High Yen

Nigel Thomas
22 Aug, 2011
New York City

Stocks in Japan continued to drift lower on record high yen. The Nikkei declined to the level last seen on March 15 and the broader Topix index fell to a 2-year low. Automakers, electronics exporters and banks were among the leading decliners.

UK Indexes Soar 2.5%; Essar Revenues Surge 37%

Arthi Gupta
22 Aug, 2011
New York City

The UK indexes surged after resource-linked stocks gained and the UK household finance index declined in August. Essar revenues soared 37% driven by higher refining revenues. Micro Focus slumped 4.3% after terminating bid talks.

U.S. Indexes Point Higher; Fed Speech May Disappoint Many

Arthi Gupta
22 Aug, 2011
New York City

U.S. indexes rallied ahead of the anticipated speech by Federal Reserve Chairman Ben Bernanke. Bain Capital agreed to acquire Australia-based personal software maker MYOB. Cisco announced its intent to acquire AXIOSS software assets. Australia-based Bow Energy receives $520 million bid.

Australian Stocks Ease; Takeover Offer Lifts Bow Energy 60%

Marcus Jacob
22 Aug, 2011
New York City

The Australian benchmark declined after weak commodities prices. BlueScope shuttered two steel plants and eliminated 1,000 jobs and Amcor announced better than expected earnings. Coal seam gas maker Bow Energy soared 60% after it received a buyout offer from Arrow Energy.

German Tax Revenues Up 9.9%; Swiss Money Supply Growth Rises

Arthi Gupta
22 Aug, 2011
New York City

German tax revenues rose 9.9% to

European Indexes Reverse Losses; Germany Resists Euro Bonds

Arthi Gupta
22 Aug, 2011
New York City

European indexes inched higher as NATO led aggression in Libya captured Tripoli. German Chancellor Angela Merkel rejected the idea of euro bonds as a solution to the sovereign debt crisis. Spain unveiled additional austerity measures. Skype agreed to buy GroupMe.

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