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Australian Stocks Slide; Telstra Reaffirms, Lend Lease Up

Marcus Jacob
25 May, 2011
New York City

The Australian benchmark indexes declined for the second day this week. Mining and banks led the losers. Lend Lease increased after it guided current year return on equity of 15%. Telstra reaffirmed earnings outlook.

U.S. Stocks Meander, Oil Rises; Yandex IPO Soars 55%

Bikram Pandey
24 May, 2011
New York City

The U.S. indexes opened higher but struggled to advance and crude oil and metals prices rose. New home sales increased in April but inventory of unsold homes increased. Russia based search engine Yandex NV soared 55% after it raised $1.3 billion.

U.S. Movers: AutoZone, DSW, El Paso, GT Solar, Medtronic

Mukesh Buch
24 May, 2011
New York City

AutoZone third quarter net income increased 12% to $227.4 million. DSW first quarter net income rose to $38.4 million. Medtronic fourth quarter net earnings declined to $776 million. Sanderson Farms reported second quarter net loss of $16.3 million.

Miners, Energy Complex Stocks Lift UK Indexes; M&S Net Up

Devan Biswas
24 May, 2011
New York City

UK stocks inched higher after oil and energy prices advanced and base and precious metals closed higher. Miners and resource linked stocks led the gainers in London. Marks & Spencer

Oil Advance Lifts U.S. Stocks; New Home Sales Up 7.3%

Bikram Pandey
24 May, 2011
New York City

U.S. indexes advanced on the rise in energy and commodities prices. U.S. new home sales increased 7.3% in April but plunged 23.1% from a year ago. Markets in Europe rebounded and in Asia closed mixed.

European Indexes Rebound, Spain Sells

Arjun Dave
24 May, 2011
New York City

European markets traded higher after Spain completed the treasury auction to raise 2.3 billion euros. German left its first quarter economic expansion at 1.5% and a private measure of business confidence index was flat in May. European regulators canceled 200 scheduled flights.

Nikkei in Japan Near Five-month Low; Toshiba, Sony Rise

Nigel Thomas
24 May, 2011
New York City

The benchmark index in Tokyo closed higher after trading near five-month low. Sony traded higher after estimating third annual loss in a row. Construction machinery stocks rebounded. Shipping lines closed higher after freight rate index gained. Toshiba proposed aggressive capital expansion plan.

Australian Stocks Struggle; Lend Lease Sells Mall Stake

Marcus Jacob
24 May, 2011
New York City

Australian stocks edged lower on global economic worries. China and U.S. economic data suggest a slower economic growth and commodities turned lower in Asian trading. Banks led the decliners in Sydney trading. China based Cofco increased its offer for Tully Sugar.

U.S., World Markets Decline; Oil, Euro Fall

Bikram Pandey
23 May, 2011
New York City

U.S. indexes declined following world markets losses. Markets in Asia fell after manufacturing in China declined for the second month in a row. European markets dropped after sovereign debt worries resurfaced. The dollar gained and oil fell.

UK Indexes Down Tracking Losses in Europe, MITIE, Stobart Up

Nigel Thomas
23 May, 2011
New York City

UK market indexes declined after a weakness in the European markets. The benchmark index dropped nearly 2%. Mining and energy linked companies declined after commodities and crude oil prices declined. Stobart Group Ltd sales increased but net declined. MITIE Group full-year net advanced.

U.S. Movers: Biglari, Campbell Soup, Krispy Kreme, Tech Data, Sony

Mukesh Buch
23 May, 2011
New York City

Campbell Soup third quarter earnings increased to $187 million. Krispy Kreme first quarter net income grew to $9.2 million. Tech Data first quarter net income increased to $48.7 million. Sony forecast revenue loss of 3% and expects net loss of �260 million.

S&P 500 Index Eases 1.1%, Nasdaq drops 1.6%

Bikram Pandey
23 May, 2011
New York City

U.S. stocks declined on global economic worries. Rating agencies downgrade of Greek and Italian debt only added to the market jitters. The dollar rose as the euro declined. Crude oil fell 2% and silver eased 1%. The Dow, S&P 500 index and the Nasdaq dropped more than 1%.

Eurpean Markets Fall 1.5% on Debt Worries and China Slow Down

Nigel Thomas
23 May, 2011
New York City

European markets accelerated sell-off after China manufacturing slow down added to market jitters. Ratings agencies downgraded debts of Italy and Greece and regional elections losses in Spain also unnerved investors.

Nikkei in Tokyo Declined1.5%; Machinery and Steel Makers Fall

Nigel Thomas
23 May, 2011
New York City

Stocks in Tokyo fell on the worries that exports to China may suffer. The latest read on manufacturing index in China prompted a broker to lower its view on the makers of steel and construction machinery. The Nikkei index declined 1.5% as indexes in Asia dropped between 1% and 2%.

Australian Stocks Drop to 2-month Low; Territory Resources Soars 63%

Marcus Jacob
23 May, 2011
New York City

Australian stocks dropped the most in two months after a private survey in China estimated near flat manufacturing in May. The weak manufacturing dragged markets in Asia. Territory Resources soared on an offer from Exxaro. Elders dropped 7% after it reported a loss.

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