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UK Confidence Improves; Reckitt Benckiser Plunges 7%

Arthi Gupta
14 Apr, 2011
New York City

The UK indexes slid on concerns of inflation. UK consumer confidence improved in March. The Irish economy is forecasted to grow in 2011. WH Smith surged after first-half pre-tax profit rose 3.2%.

U.S. Jobless Claims Rise 27,000; Foreclosure Filings Decline

Arthi Gupta
14 Apr, 2011
New York City

The U.S. indexes traded lower after weekly jobless claims rose 27,000 to 412,000. U.S. producer prices climbed less than anticipated and foreclosure filings dropped in March and the first quarter. Hasbro quarterly net dropped.

European Indexes Drop 1%; Glencore IPO, Danone Sales Rise 19%

Arthi Gupta
14 Apr, 2011
New York City

The European indexes declined on rising commodity prices. Glencore is expected to raise as much as $11 billion in a dual listing in London and Hong Kong. Danone quarterly sales rose 19% and Roche reported group net sales declined 9%.

Hong Kong Property Prices Reach 1997 Peak; China Inflation Worries

Devan Biswas
14 Apr, 2011
New York City

Stocks in Hong Kong and Shanghai rested ahead of inflation data tomorrow. A surge in inflation in March is expected to surpass 5% increase, ahead of government target. Hong Kong residential prices cross the previous peak in 1997 on low interest rates.

Foreign Investors Add Japan Stocks; Production to Fall Between 5% and 15%

Nigel Thomas
14 Apr, 2011
New York City

Stocks in Tokyo eased as investors face a daunting task of assessing the production losses across several industries. 123jump.com survey conducted in last two weeks suggested production loss of as much as 15%. Foreigners added $4.6 billion of net new stocks in the first week of current fiscal year.

Record Jobless Rate in Greece; Swiss Sentiment Improves

Darlington Musarurwa
14 Apr, 2011
New York City

Hungarian industrial production accelerated in February and retail sales in the Netherlands surged. Norwegian home prices increased 5.1% in the first quarter. Greece jobless rate rose to record 15.1% in January. Swiss economic sentiment improved in April.

Australian Miners Raise $250 Million; NRW Earnings to Lag Estimates

Marcus Jacob
14 Apr, 2011
New York City

Australian stocks declined ahead of G-20 finance meeting and China economic data. Several mining companies announced or completed fund raising totaling $250 million. NRW Holdings estimated 2011 sales to increased 15% but earnings will be at the lower end of the estimates.

U.S. Stocks Higher Ahead of Earnings Season; Oil Rebounds

Bikram Pandey
13 Apr, 2011
New York City

U.S. indexes gained and oil rebounded on economic optimism a day after the IMF lowered the world economic assessment. Industrial production accelerated in Europe. Markets in Japan and Asia gained ground.

U.S. Movers: Adtran, Energy Rock, JPMorgan, Riverbed, Silgan, Suffolk

Mukesh Buch
13 Apr, 2011
New York City

Adtran first quarter net income surged 88%. Energy Rock agreed to acquire Crow Creek Energy for $525 Million. JPMorgan first quarter net income soared 67% to $5.56 billion. Silgan Holdings agreed to acquire Graham Packaging for $4.1 billion.

UK Jobless Claims Rise; WS Atkins Soars 7%

Arthi Gupta
13 Apr, 2011
New York City

The UK indexes rose led by miners. The UK jobless claims rose unexpectedly in March. Irish consumer sentiment improved in March. WS Atkins surged after forecasting better-than-estimated results for fiscal year 2011.

Retail Sales Rise 0.4%; Silgan Buys Graham Packaging, JP Morgan Net Soars

Arthi Gupta
13 Apr, 2011
New York City

U.S. indexes gained after retail sales rose and mortgage activity declined. Silgan agreed to buy Graham Packaging for $4.1 billion. JPMorgan net surged on a strong performance by its investment banking unit and a drop in losses in its credit card portfolio.

European Indexes Rebound; ASML Net Surges

Arthi Gupta
13 Apr, 2011
New York City

The European indexes rebounded after the biggest drop in four weeks as industrial production accelerated in February. Schneider denied $30 billion bid for Tyco. ASML net surges on strong sales.

Euro-zone Production Accelerates; Inflation in Germany, France Soar

Arthi Gupta
13 Apr, 2011
New York City

Euro-zone industrial output accelerated 7.3% in February. French annual inflation soared and German wholesale price inflation increased for the second consecutive month in March. Spain

Lower Crude Lifts Sensex in India by 2.4%; Infosys Earnings Awaited

Devan Biswas
13 Apr, 2011
New York City

Mumbai benchmark soared 2.4% and wiped out last four days of losses on the day after a holiday. The fall in crude oil prices contributed to the sentiment. Rupee edged higher. ONGC acquired a 25% stake in an oil block in Kazakhstan.

Japan Stocks Rebound in Weak Trading; Utilities Decline

Nigel Thomas
13 Apr, 2011
New York City

Stocks in Japan rebounded but on a weak volume. Electric utilities declined on the worries that the industry may be asked to contribute for the losses linked to the troubled Fukushima nuclear power plant. J. Front Retailing dropped 5% after the department store operator indicated weak outlook.

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