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Global Markets Yield to the Euro Zone Bonds Worries

Bikram Pandey
17 Nov, 2011
New York City

Stocks in New York opened flat and dived as bond yields persisted at elevated levels. Jobless claims at the end of last week dropped to a 7-month low and housing market data showed a mixed snapshot. Eight largest stock markets in the world are down between 3.3% and 21% in the year so far.

U.S. Movers: Autodesk, Dell, Limited Brands, Target, Tyco International

Mukesh Buch
16 Nov, 2011
New York City

Autodesk third quarter net increased to $72.8 million. Dell third quarter net increased 9% to $893 million. Limited Brands third quarter net soared 55% to $94.3 million. Target third quarter net increased 3.7% to $555 million. Tyco International fourth quarter increased to $400 million.

U.S. Movers: Applied Materials, NetApp, Sears, Target, Smucker

Mukesh Buch
17 Nov, 2011
New York City

Applied Materials fourth quarter net decreased 2.6% to $456 million. NetApp second quarter net declined 5.6% to $165.6 million. Sears Holdings third quarter net loss widened 93.1% to $421 million. J. M. Smucker second quarter net loss narrowed 15% to $127.2 million.

Nikkei Edges Higher in Volatile Trading; Olympus in Focus

Nigel Thomas
17 Nov, 2011
New York City

Stocks in Japan rose fractionally in a cautious trading and Asian markets focused on the volatility in the euro zone. Olympus remained the most actively traded stock on the Tokyo Stock Exchange and Nippon Life lowered its stake in the camera maker.

UK Indexes Drop 1.3%; UK Retail Sales Rise

Arthi Gupta
17 Nov, 2011
New York City

The UK indexes traded lower after a dismal auction of 10 year Spanish bonds. The UK retail sales and auto production rose, but consumer confidence slumped in October. The UK government sold Northern Rock to Virgin Money for

U.S. Weekly Jobless Claims, Housing Starts Drop

Arthi Gupta
17 Nov, 2011
New York City

U.S. stock futures declined after ratings agency Fitch warned that the euro-zone contagion threatened the outlook for U.S. banks. Spain

Australian Banks Under Pressure; BHP Billiton Turns Cautious

Marcus Jacob
17 Nov, 2011
New York City

Stocks in Sydney trading gained and the dollar traded near parity with the U.S. currency. BHP Billiton struck a cautious note at the annual general meeting and said recent iron ore price softness is temporary. The mining giant also confirmed the $80 billion capital expenditure plan to 2015.

Euro Zone Construction Output Eases; German Employment Rises

Arthi Gupta
17 Nov, 2011
New York City

The gross domestic product in the OECD area and German employment rose in the third quarter. Construction output in the euro zone increased 0.4% annually in September. Dutch jobless rate rose in October. Swiss economic expectations declined in November.

Spanish Debt Auction at Record Yield; Euro Zone Banks Worries

Arthi Gupta
17 Nov, 2011
New York City

European indexes fell after Spain sold

S&P 500 Index Drops 1.7%; Central Banks Lower Outlooks

Bikram Pandey
16 Nov, 2011
New York City

U.S. stocks accelerated the fall in the afternoon after crude oil surged more than 3% and narrowed the spread between two grades. The rising energy prices overshadowed the decline in inflation and a rise in production last month. Italy appointed new government but bond market stress reached France.

Prices Fall in October, Production Rises; Oil Jumps to 5-month High

Nichole Harper
16 Nov, 2011
New York City

U.S. stocks pare losses and crude oil jumped above $101 a barrel for the first time in five months. U.S. consumer prices fell in October and industrial production increased at 0.7% in the month. Citigroup, BNP Paribas and Bank of America trim work forces.

Italian, French Yields Rise as Monti Forms Government; Vivendi Up

Devan Biswas
16 Nov, 2011
New York City

Stock markets in the European region declined as bond yields remained high. French bonds spread to German bund rose to a record high of 195 basis points. UK jobless rate in third quarter increased to 8.3%. Vivendi lowered annual income outlook.

Japan Left Rates on Hold; Shipping Companies at 10-year Low

Nigel Thomas
16 Nov, 2011
New York City

Japanese stocks declined and Bank of Japan left its key lending rate near zero and held its asset purchase program at $260 billion. Central bank also lowered its economic assessment and highlighted risks emerging from the euro zone.

Australian Dollar Lower; Spotless Receives $700 Million Bid

Marcus Jacob
16 Nov, 2011
New York City

Stocks in Australia lost momentum in the afternoon on the rising worries in the euro zone. Seasonally adjusted wages in the quarter to September increased 0.7%. BHP Billiton approved the investment in the development of the largest open iron ore mine in Western Australia.

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.

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