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UK Confidence at 3-Year Low; Public Borrowing Drops

Arthi Gupta
21 Dec, 2011
New York City

The UK indexes climbed on positive developments in Europe. Public sector borrowing in the UK declined in November and consumer confidence fell in December. The Bank of England policy makers were unanimous in holding key rates and quantitative easing.

Oracle Drags Nasdaq Down 2%; U.S. Mortgage Applications Drop

Arthi Gupta
21 Dec, 2011
New York City

The Nasdaq dropped 2% after Oracle cited difficulties in signing large deals and reported weaker than expected earnings. U.S. mortgage applications fell last week. Japan-based Tokio Marine Holdings agreed to acquire Delphi Financial for $2.7 b

Australian Indexes Rebound; Fortescue Signs Rail Expansion in Pilbara

Marcus Jacob
21 Dec, 2011
New York City

Australian stocks soared tracking the gains in international markets. The dollar advanced. BHP agreed to sell its 51% stake in the diamond project on Baffin Island in Canada for $9 million to Peregrine Ltd. Fortescue agreed to pay $330 million to expand its railroad network to new iron ore mines.

Euro Zone Economic Outlook Flat; Swiss Money Growth Eases

Arthi Gupta
21 Dec, 2011
New York City

The leading economic index in the euro zone was unchanged in November and import price inflation slowed in Germany and Swiss broad money supply growth eased in the month. The Italian economy contracted in the third quarter. Norwegian unemployment held at 3.3% in October.

ECB Lends

Arthi Gupta
21 Dec, 2011
New York City

European indexes edged higher after the ECB allocated

U.S. Indexes Soar 3% on Housing Data; Recrod Low Bond Yields

Bikram Pandey
20 Dec, 2011
New York City

U.S indexes soared 3% after home starts in November were ahead of expectations on a sharp increase in apartments building. Home builders, banks and consumer durables led the gainers. U.S. Treasury sold $35 billion of 5-year notes at a record low yield of 0.88%.

Wall Street Surges 2%: AT&T Drops $39 Billion T-Mobile Bid

Nichole Harper
20 Dec, 2011
New York City

Stocks in New York surged and popular indexes advanced more than 2% after housing starts soared in November. AT&T said it will pay $4 billion in breakup fee after it dropped its merger plan with T-Mobile USA. Red Hat quarterly revenues increased 23%.

German Growth Estimates Lowered; Eni, Repsol Up

Devan Biswas
20 Dec, 2011
New York City

European markets closed higher after a German survey pointed to higher business confidence. However, three other institutes lowered their outlooks for German economy and predicted at best flat economic growth.

Nikkei Rebounds; Japan Picks Lockheed Fighter

Nigel Thomas
20 Dec, 2011
New York City

The Nikkei index in Tokyo trading gained and defense contractors gained after Japan picked Lockheed Martin built stealth fighter as the main aircraft. IHI Corp and Mitsubishi Heavy will participate in production.

RBA in Australia Worries Global Slowdown; Cochlear Surges

Marcus Jacob
20 Dec, 2011
New York City

Australian stocks declined but cut losses after the latest central bank minutes of meetings confirmed the worries of global slowdown. Cochlear soared after it said it is prepared to return to market the recently recalled hearing implant.

World Markets Drift Lower; Europe Faces Recession Conditions

Bikram Pandey
19 Dec, 2011
New York City

World markets drifted lower after Asian indexes fell and Europe brace weak economic conditions. France faces a debt rating downgrade and France, Italy and Spain expand the list of nations facing early recession. The role of IMF is questioned as the bank prepares to lend troubled European nations.

Saudi Prince Invests $300 Million in Twitter; Winn-Dixie Surges on Merger Deal

Nichole Harper
19 Dec, 2011
New York City

Stocks in New York declined as Asian markets declined after the death of North Korean leader King Jong-il. European markets struggled on cautious comments from the ECB president. Winn-Dixie agreed to merge with a grocery chain Bi-Lo. Saudi Prince Talal invested $300 million in Twitter.

Euro Zone Nations to Fund

Devan Biswas
19 Dec, 2011
New York City

European markets gained as ratings agencies warn of downgrades in the region. Spain is expected to release steps to cut budget deficit by the end of the year and will encourage merger of banks. Euro zone ministers meet to finalize

Nikkei in Tokyo Down 1%; North Koreal Leader Kim Jong-il Dies

Nigel Thomas
19 Dec, 2011
New York City

Stocks in Tokyo trading declined more than 1% and extended losses of last week. Market sentiment declined after North Korean leaders died of a heart attack and raising fears of heightened tensions in the peninsula. Ocean freight companies declined and traded near 10-year low.

Australian Indexes Down 2.5%; Billabong Plunged 44%

Marcus Jacob
19 Dec, 2011
New York City

Australian shares plunged after investors worried that ongoing euro zone crisis will drag commodities prices. Retailers declined more than 3% after surf apparel retailer Billabong plunged 44% on earnings warnings.

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