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Australian Index Up 1.9%; CBA, Paladin, Goodman Group Up

Marcus Jacob
16 Sep, 2011
New York City

The benchmark index in Australia jumped 1.9% and closed up 1.1% for the week. The coordinated move by four central banks lifted banks and resource stocks in Australia and markets in Asia. Property stocks were among the leading gainers.

Euro Area Surplus Climbs; Austrian GDP Growth Slows to 0.7%

Arthi Gupta
16 Sep, 2011
New York City

Euro area trade surplus increased but current account deficit widened in July. Europe

European Indexes Higher; Banks Rebound on ECB Action

Arthi Gupta
16 Sep, 2011
New York City

The European indexes traded higher. The euro area trade surplus increased to

U.S. Stocks in 4-day Rally; Central Banks Coordinate Dollar Liquidity

Bikram Pandey
15 Sep, 2011
New York City

U.S. extended gains for the fourth day in a row after four central banks offered dollar liquidity to European banks. Banks, energy and industrial companies led the gainers in New York and in Europe. The euro advanced. The euro zone unemployment rate was stable but Greek rate soared to 16.3%.

U.S. Movers: Ascena, Clarcor, Fundtech, Netflix, Pier 1, Marcus

Mukesh Buch
15 Sep, 2011
New York City

Clarcor third quarter income increased to $32.1 million. Fundtech received superior merger offer from GTCR. Netflix plunged after it trimmed its subscriber estimate by 1 million. Pier 1 second quarter net income rose 4.9% to $16.6 million.

Nikkei Jumps 1.8%; Foreigners Extend Sell-off to 7th Week

Nigel Thomas
15 Sep, 2011
New York City

Stocks in Japan rebounded on the euro zone optimism and tracking higher Asian markets. Exporters, ship liners and steelmakers led the advance. Banks also closed higher. The euro edged lower from the record low against the yen.

UK Indexes Soar 2.4%; Retail Sales Decline

Arthi Gupta
15 Sep, 2011
New York City

The UK indexes soared after France and Germany reaffirmed Greece

U.S. Jobless Claims Rise 11,000; Consumer Prices Up 0.4%

Arthi Gupta
15 Sep, 2011
New York City

U.S. indexes gained on the euro zone optimism. New unemployment claims in the U.S. rose to 428,000. The consumer price index for the U.S. rose 0.4% and foreclosure filings increased in August. Teradyne agreed to purchase LitePoint for $510 million.

Greek Jobless Rate at 16.3%; Switzerland Holds Rate

Arthi Gupta
15 Sep, 2011
New York City

Greek jobless rate rose to 16.3%. Euro area employment increased 0.3% in the second quarter but annual inflation remained stable at 2.5% in August. France estimated 2011 deficit at a record high of

Australian Index Up 1.7%; Retailer Myer Issues Cautious Outlook

Marcus Jacob
15 Sep, 2011
New York City

Stocks in Australia rebounded on the optimism surrounding the euro zone. Myer, the department store estimated 10% decline in the current year earnings on flat sales. Rio Tinto announced new investment of $833 million in Pilbara region.

Spain Sells

Arthi Gupta
15 Sep, 2011
New York City

The European indexes traded higher after Sarkozy and Merkel expressed confidence that Greece will remain in the euro-zone. The Italian Parliament approved a watered down

U.S. Indexes Rebound 1.3%; Euro Struggles to Advance

Bikram Pandey
14 Sep, 2011
New York City

U.S. indexes rebounded more than 1.3% and the euro gained. U.S. retail sales and producer prices remained flat in August. French banks rebounded and the central bank rejected the needs to nationalize three largest banks.

U.S. Movers: Cisco, ConAgra, Molycorp, Solutia, Target

Mukesh Buch
14 Sep, 2011
New York City

Cisco lowered its annual sales growth between 5% and 7% annually for next three years. ConAgra reiterated its $94 a share all-cash proposal to acquire Ralcorp. Solutia lowered earnings per share outlook for 2011.

UK Jobless Claims Rise, Unemployment at 7.9%

Arthi Gupta
14 Sep, 2011
New York City

The UK indexes gained after jobless claims rose less than estimated but unemployed soared to 7.9%. The European Central Bank offered to lend $575 million to two euro-zone banks. BP surged 4.6% after it acquired full control of Brazilian biofuel company Tropical BioEnergia.

U.S. Mortgage Applications Rise; Retail Sales, Producer Prices Flat

Arthi Gupta
14 Sep, 2011
New York City

U.S. indexes traded sideways after mortgage and refinancing activity improved but retail sales and producer prices remained flat in August. Oaktree offered to acquire Jakks Pacific for $670 million. ConAgra reaffirmed its $94 a share proposal to acquire Ralcorp. Cisco lowered sales outlook.

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