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U.S. Jobless Claims Drop; GE Net Soars 77%, Apple Net Surges 95%

Arthi Gupta
21 Apr, 2011
New York City

The U.S. indexes traded higher after GE and Apple reported better-than-estimated earnings. U.S. weekly jobless claims fell 13,000 to 403,000. BP sued Transocean and Cameron seeking damages of $40 billion for the Gulf of Mexico oil spill.

Australian Stocks and Dollar Extend Gains; Harvey Norman Weak Sales

Marcus Jacob
21 Apr, 2011
New York City

Australian benchmark index increased more than 1% after the dollar advanced to a new high on the rise in energy and gold prices. Stocks gained for the third time in the last four day. Harvey Norman reported weak increase in sales as consumers spend less on furniture and electronics.

Sensex Extends 3-day Rally; TCS Net Soars 23%

Devan Biswas
21 Apr, 2011
New York City

The Sensex index in Mumbai trading gained 0.7% after TCS reported 23% increase in the quarter to March. Rupee advanced to a two week high and gold and silver soared to a record high in Mumbai trading. Muthoot Finance attracted strong interest for its initial public offering.

Akzo, Nokia Gain; Portugal Raises

Arthi Gupta
21 Apr, 2011
New York City

The European indexes gained after Akzo Nobel net surged 58%. Portugal raised

German Business Sentiment Dampens; Spain

Arthi Gupta
21 Apr, 2011
New York City

German business sentiment fell in April. Dutch jobless rate steadied in March. Greece current account deficit narrowed in February. Spanish trade gap shrunk in February.

Dow Soars 1.5%; Nasdaq Surges 2.1%; Gold Above $1,500

Bikram Pandey
20 Apr, 2011
New York City

The Dow and the S&P 500 index soars more than 1.5% as large companies and technology companies led the advance. Earnings from IBM and Intel lift tech stocks. Gold crosses $1,500 an ounce and silver above $44. Crude oil advanced above $111 a barrel.

U.S. Movers: AT&T, Abbott, Intel, Polaris, Stryker, Wells Fargo, Yahoo

Mukesh Buch
20 Apr, 2011
New York City

AT&T first quarter net income soared 39% to $3.4 billion. Abbott first quarter net earnings declined 13% to $864 million. Intel first quarter net income soared 29% to $3.16 billion. IBM first quarter net income rose 11% to $2.9 billion. Wells Fargo second quarter net income surged 48% to $3.8 bn.

FTSE Surges 2%; Reckitt Benckiser Sales Up 14%

Arthi Gupta
20 Apr, 2011
New York City

The UK indexes soared led by technology stocks. Tate & Lyle agreed to sell Vietnamese sugar interests for

Nikkei in Tokyo Rebonds 1.8% on Chimamkers Rally

Nigel Thomas
20 Apr, 2011
New York City

Stocks in Tokyo soared after Intel reported better than expected earnings. Chipmakers soared. The broader indexes advanced and Nikkei gained 1.8%. Commodities linked stocks gained after crude oil, gold and silver closed higher.

Sensex in India Surges 1.8%; HCL Tech Net Soars 17%

Devan Biswas
20 Apr, 2011
New York City

Sensex in Mumbai trading soared 1.8% on the prediction of normal monsoon season. Earnings also contributed to the sentiment. HCL Technologies surged nearly 10% after quarterly earnings gained 17%. Jindal Steel & Power commenced its offer for Australia based coal miner Rocklands Richfields.

U.S. Mortgage Activities Rise; IBM, Intel Net Up, Yahoo Earnings Fall

Arthi Gupta
20 Apr, 2011
New York City

U.S. index futures trade higher after IBM and Intel reported higher than expected earnings and Yahoo net dropped 28%. U.S. mortgage activity increased. BofA planned divesting private equity business worth $5 billion. AES agreed to buy DPL for $4.7 billion.

BHP Iron Ore, Coal Production Ahead of Estimates; Coles Sales Rise

Marcus Jacob
20 Apr, 2011
New York City

Australian stocks gained as commodities advanced and crude oil price gained. The Australian dollar gained and import price index increased 1.4% in the first quarter to March. BHP Billiton reported higher than expected coal and iron ore production in March.

European Indexes Soar; Spain Raises

Arthi Gupta
20 Apr, 2011
New York City

European indexes surged ahead of earnings. Spain successfully raised

German Producer Price Inflation Slows; Italian Orders Improve

Arthi Gupta
20 Apr, 2011
New York City

German producer price inflation slackened in March. Riksbank raised key rate by a quarter percentage point to 1.75%. Dutch consumer sentiment deteriorated in April. Italian industrial orders improved in February. Iceland jobless rate rose in the first quarter.

U.S. Indexes Rebound from Lows on Bank Earnings

Bikram Pandey
19 Apr, 2011
New York City

U.S. stocks managed to recover from the lows of the day after mixed earnings from Goldman Sachs, Peabody Energy and Johnson & Johnson and U.S. Bancorp. Markets in Europe rebounded but in Asia declined. Gold crossed $1,500 on the U.S. debt outlook worries.

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