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S&P 500 Drifts 0.6% Higher, Commodities Gain

Bikram Pandey
15 Nov, 2011
New York City

U.S. stocks advanced after retail sales gained and wholesale prices fell. Wal-Mart, Home Depot, TJX and other retailers reported mixed but rising earnings. European sovereign bonds yields rose as fears of contagion spread to core euro zone members.

Retail Sales Rise, Wholesale Prices Fall; Core Euro Zone Wobbles

Nichole Harper
15 Nov, 2011
New York City

U.S. stocks trade higher after October retail sales rise at 7.2% annual rate and wholesale prices fall at the steepest pace since February 2010. The positive economic data overshadowed the rising debt stress in the euro zone as yield increase in sovereign bonds spread to core euro zone.

U.S. Movers: Dick

Mukesh Buch
15 Nov, 2011
New York City

Dick

Crisis of Confidence in Europe; Yields Rise in Italy, Spain, Holland, Belgium

Devan Biswas
15 Nov, 2011
New York City

Confidence crisis deepened as bond yields continue to rise for Italy and Spain. The fear in the euro zone reached more nations after sovereign yields rose for bonds of Belgium, Holland and Austria and French bond yield spreads to German bunds soared to a 20-year high.

Nikkei in Japan Falls; Sumitomo Mitsui, Mitsubishi UFJ in Focus

Nigel Thomas
15 Nov, 2011
New York City

The Nikkei index declined for the first time after rising for three days in a row. The continued turmoil in the euro zone, rising inflation in China and ongoing supply disruptions overwhelmed investor sentiment. Sumitomo Mitsui said it will buy back 1.6% of its stock.

Australian Stocks Ease; Commonwealth Bank Cautious Oulook

Marcus Jacob
15 Nov, 2011
New York City

Australian stocks eased on the worries that the euro zone volatility will persist for several years as Greece and Italy struggle to control spending and lower borrowing. Commonwealth Bank issued gloomy outlook. Uranium miners surged after Australia lifted exports bans to India.

Global Markets Slip; Buffett Targets IBM

Bikram Pandey
14 Nov, 2011
New York City

U.S. indexes eased and declined as much as 1% on the rising worries that the euro may face a heavy selling pressure as Italy battles to implement austerity measures. The euro eased 1% and European markets turned lower after yields on Italian bonds remained elevated.

U.S. Movers: Bank of America, IBM, J. C. Penney, Lowe's, Boeing

Mukesh Buch
14 Nov, 2011
New York City

Bank of America agreed to sell 10.4 billion common shares of China Construction Bank. Warren Buffett said his conglomerate Berkshire bought 64 million shares or 5.6% stake worth $10.7 billion in IBM. Lowe''s third quarter net fell 44.3% to $225 million. VimpelCom third quarter net declined 79%.

UK Indexes Fall; Rolls-Royce Wins $500 Million Saudi Order

Arthi Gupta
14 Nov, 2011
New York City

The UK indexes declined as Italy and Greece race to implement austerity measures. Irish construction activity fell again in October. Rolls-Royce won a $500 million order from Saudi Arabian Airlines. Lonmin fiscal 2011 revenue rose 26% and net more than doubled.

Exports Lift Japan GDP Rebound at 6% Rate

Nigel Thomas
14 Nov, 2011
New York City

Stocks in Japan rebounded after economy expanded at 6% annual rate in the second quarter. The surge in exports and an increase in private consumption lifted the growth but the economy is expected to struggle in the year. Tosoh Corp declined after a fire broke out at its plant in Southern Japan.

Wall Street Recedes on Euro Worries; Boeing in $18 Billion Deal

Arthi Gupta
14 Nov, 2011
New York City

U.S. stock were mixed after Italy appointed technocrat as prime minister and bond yields in the euro zone rose. Boeing signed the largest aircraft deal of $18 billion with Emirates Air. Bank of America agreed to sell its stake in China based bank and increased customer services fees.

News Ltd Shows No Hacking Incidence; BHP Plans $4.5 Billion Acquistions

Marcus Jacob
14 Nov, 2011
New York City

Australian stocks gained and lending in September declined 6.2% in September. News Ltd said its inquiry did not find any privacy law violations and systemic hacking as it was discovered in its UK operation after denying for 3 years. BHP Billiton plans to spend $4.5 billion in more U.S. acquisitions.

OECD Leading Index Declines; Euro-zone Output Eases

Arthi Gupta
14 Nov, 2011
New York City

The OECD leading index declined, industrial production in the euro area eased, but German factory employment rose in September. Estonian jobless rate fell and Portugal

Berlusconi Resigns and Italy Faces Tough Choices

Arjun Dave
12 Nov, 2011
New York City

Prime Minister Berlusconi resigned fulfilling his pledge after lawmakers approved the reforms demanded by the EU. However, Italy runs the real risk of leaving from the euro zone in the next eighteen months or restructuring bonds as calls for more cuts grow louder and rates stay higher.

Monti Appointment Fails to Arrest Italian Bond yields

Arthi Gupta
14 Nov, 2011
New York City

European indexes traded lower after Italy sold

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