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Sensex in India Drifts 1% Lower; Reliance Industries Drops 1.7%

Devan Biswas
03 Jun, 2011
New York City

Stocks in Mumbai trading closed lower on the rising commodities prices and persistent inflation worries. Reliance Industries plans to be debt free at the end of the current fiscal year. Reliance Industries stock fell 1.7% on the natural gas output worries.

Euro Area Growth Weakens; Spain

Arthi Gupta
03 Jun, 2011
New York City

Euro-zone and French private sector growth eased in May. German private sector activity weakened to a seven-month low. The export price index in Spain rose at a slower pace in April. Romanian retail sales fell and Czech retail sales improved in April.

Japan Stocks Lower on Political Worries; Tepco, Banks Down

Nigel Thomas
03 Jun, 2011
New York City

Stocks in Japan closed lower as political uncertainties dominated Tokyo trading. A series of U.S. weak economic reports and global economic slowdown also contributed to market jitters. The Bank of Japan purchased the largest amount of stock ETFs on Thursday.

Australian Index in 3-day Decline; Qantas Offers Redundancies

Marcus Jacob
03 Jun, 2011
New York City

The Australian benchmark index declined for the third day in a row and closed down 2.2% for the week. BHP Billiton workers in Bowen Basin mines approved the right to call strike by the union. Qantas offered voluntary redundancies to as much as 5% of its cabin crew.

U.S. Stocks Extend Losses; Groupon Files to Raise $750 Million

Bikram Pandey
02 Jun, 2011
New York City

U.S. indexes extended losses for the second day as investors shied away from risky assets. Latest economic data only confirmed weak and mixed economic scenario. Macy

U.S. Movers: Costco, Copart, Exide, Joy Global, Vera Bradley

Mukesh Buch
02 Jun, 2011
New York City

Costco comparable sales rose and net sales climbed 17% to $7.14 billion. Copart third quarter net income rose 13% to $50.1 million. Joy Global second quarter net income increased 34% to $161.97 million. Vera Bradley first quarter net income fell to $11.2 million.

UK Indexes Lower, Construction Activity Rises; ASOS Plunges 9%

Arthi Gupta
02 Jun, 2011
New York City

The UK indexes slid after a downgrade credit rating of Greece to junk status. The UK construction sector activity rose more than estimated in May. ASOS and Redhall group plunged 9% on bleak outlook.

U.S. Weekly Jobless Claims Drop; Productivity Up

Arthi Gupta
02 Jun, 2011
New York City

U.S. indexes gained after weekly jobless claims fell 6,000 to 422,000 and worker productivity increased more than estimated in the first quarter. Marathon Oil acquired Hilcorp

Greek Debt Rated Junk, Spain Raises

Arthi Gupta
02 Jun, 2011
New York City

The European indexes slumped after a ratings agency cut credit rating of Greece to junk status with a negative outlook. Spain sold

Spain's Jobless Rate Falls 1.9%; German Exports Up 18.8%

Arthi Gupta
02 Jun, 2011
New York City

The unemployment in Spain declined at a faster pace in May. German exports increased 18.8% in the first quarter. Romanian producer price inflation eased to 9.6% in April. The Hungarian trade surplus improved in March.

Sensex in India Falls 0.6%; Hero Honda Sales Up 15%

Devan Biswas
02 Jun, 2011
New York City

Stocks in Mumbai trading closed lower following a weakness in Asian markers. The global economic slowdown worries dragged Asian markets between 1.2% and 2.3%. In addition, the latest read on wholesale inflation did not show any significant improvements.

Nikkei in Tokyo Falls 1.7%; Political Worries Add to Global Uncertainties

Nigel Thomas
02 Jun, 2011
New York City

Stocks in Tokyo plunged tracking a market route in Asia. Global economic worries compounded the ongoing political uncertainties in Japan. Prime Minister Naoto Kan survived no-confidence motion only after he offered to resign after nuclear disaster is under control.

Australian Index Drops 2.3%, April Retail Sales Up 1.1%

Marcus Jacob
02 Jun, 2011
New York City

Australian benchmark index plunged following a weakness in Asia and tracking losses in overnight trading in New York. Markets in Asia dropped between 1% and 2%. Global economic slowdown worries trumped the ongoing euro-zone debt worries. April retail sales in Australia increased 1.1%.

U.S. Indexes Down 2% on Global Economic Slowdown

Bikram Pandey
01 Jun, 2011
New York City

U.S. indexes declined after a string weak economic data. The S&P 500 index, the Dow and the Nasdaq fell more than 2%. General Motors auto sales in May declined 1.2% and Ford sales dropped 2.4%. Global markets face slowing growth in Asia, uneven recovery in the U.S. and weak economies in Europe.

U.S. Movers: Dollar General, EnerSys, Phillips-Van Heusen, Sealed Air

Mukesh Buch
01 Jun, 2011
New York City

Dollar General first quarter net income increased 15% to $157 million. EnerSys fourth quarter net earnings grew to $30.1 million. Phillips-Van Heusen first quarter net income was $57.7 million. VimpelCom first quarter net income surged 55% to $589.7 million.

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