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Australian Stocks in 1.1% Upswing; Six Oil Drilling Licenses Awarded

Marcus Jacob
08 Jul, 2011
New York City

Australian stocks closed higher and the benchmark index gained 1.1%. The index added 1.4% for the week. Miners and financials led the gainers in trading. Four Jetstar aircrafts missed regular schedule and were grounded overnight for checking.

Deutsche Boerse Completes NYSE Merger; European Markets Rest

Arthi Gupta
08 Jul, 2011
New York City

The European indexes traded sideways and German exports gained 4.3% in May. NYSE Euronext shareholders approved merger with Deutsche Boerse. ING agreed to sell its car lease unit to BMW for $1 billion.

U.S. Indexes Rise on Jobs Outlook; Gold, Oil Advance

Bikram Pandey
07 Jul, 2011
New York City

U.S. indexes closed higher after a private survey estimated private sector payrolls increased 156,000 in June and weekly jobless claims fell 14,000. The larger than estimated increase in private sector lifted the Nasdaq and S&P 500 indexes more than 1%. Gold and crude oil advanced.

U.S. Movers: AAR, A. Schulman, Hi-Tech, Lumber

Mukesh Buch
07 Jul, 2011
New York City

AAR fourth quarter net income soared 32% but A. Schulman third quarter net income fell 28%. International Speedway second quarter sales fell. Lumber Liquidators revised expected net sales of second, third and fourth quarters.

Rediff.com India Q4 Earnings Call Transcript

123jump.com Staff
07 Jul, 2011
New York City

The news, information, entertainment, and shopping portal said quarterly revenue rose 14% to $5.6 million. Net loss in the quarter narrowed 3% to $2.3 million. Net loss per ADS for the quarter was $0.084 as compared to a net loss per ADS of $0.082 for the same quarter last fiscal year.

Bank of England Holds Rate; WH Smith Slumps 4.6%

Arthi Gupta
07 Jul, 2011
New York City

The UK indexes rose after the Bank of England held its key rate unchanged at 0.5% and maintained bond purchase program at

U.S. Weekly Jobless Claims Fall; ECB Hikes Rates

Arthi Gupta
07 Jul, 2011
New York City

U.S. indexes futures traded higher after weekly jobless claims fell 14,000. U.S. private sector employment rose more than anticipated and non-manufacturing index declined in June. The European Central Bank lifted key rates to curb inflation.

Japan Halts 7-day Rally; Renewed Power Supply Worries

Nigel Thomas
07 Jul, 2011
New York City

Stocks in Japan halted a 7-day rally after fresh power supply worries. Trade ministry asked all nuclear power plants to undergo a stress test that may delay the resumption of many power plants and extend rolling power cuts this summer.

German Production Rises; French Trade Gap Widens

Arthi Gupta
07 Jul, 2011
New York City

German industrial production rose more than estimated and French trade gap widened in May. Czech trade surplus rose and Bulgarian retail sales increased in May. Swiss annual inflation climbed in June.

Strong Jobs Report Lifts Australian Dollar

Marcus Jacob
07 Jul, 2011
New York City

Australian stocks closed flat after the June employment reports showed stronger than expected job growth. Employers added 23,400 new jobs in June and unemployment hovered near 4.9%. Commodities and Australian dollar gained lifting resource linked stocks.

Contagion Fears Drive European Yields Higher; ThyssenKrupp Plunges 5%

Arthi Gupta
07 Jul, 2011
New York City

The European indexes gained after Germany''s industrial output climbed more than estimated in May. The French Finance Minister Francois Baroin hinted that the second bailout for Greece would be finalized by September. Rating agency lowered the government-guaranteed debt of four Portuguese banks.

World Markets Focus on Rising European Debt Stress

Bikram Pandey
06 Jul, 2011
New York City

U.S. indexes traded sideways ad service industry grew at a slower pace in May. European markets focused on the rising sovereign bonds spreads to German bunds. Portuguese bonds spread surged to a record high and yields on Spanish, Italian and Irish bonds advanced. Chinese banks worries resurfaced.

U.S. Mortgage, Refinancing Activity Drops; Indexes Down

Arthi Gupta
06 Jul, 2011
New York City

U.S. indexes futures traded lower on global economic worries. U.S. mortgage and refinancing activity declined last week. China raised interest rates by 25 basis points to stem the fastest inflation since 2008. Compuware agreed to acquire dynaTrace software for $256 million.

UK Indexes Lower; Retail Inflation Rises 2.9%

Arthi Gupta
06 Jul, 2011
New York City

The UK indexes declined on worries of a contagion in the euro area. The UK retail inflation rose, private sector job growth eased, and home prices climbed in June. New car registrations in the UK decreased 6.2% annually in June.

Japan Stocks in 7-day Rally; Nintendo, Nippon Paper Up

Nigel Thomas
06 Jul, 2011
New York City

The benchmark index Nikkei increased 1.1% and extended gains for the sixth session and broader Topix index added for the seventh session in a row. The Nikkei has rebounded to a loss of 3.4% from the fall of 17% after the March 11 earthquake. Exporters and trading companies led the gainers.

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