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UK Consumer Confidence Strengthens; Home Prices Rise

Arthi Gupta
27 May, 2011
New York City

The UK indexes climbed after home prices rose in May and consumer confidence rose to record level in May. Irish retail sales declined in April. Vedanta proposed to raise $1.65 billion through bond offering.

U.S. Movers: Blue Coat, Marvell, OmniVision, Royal Bank of Canada, Tiffany

Mukesh Buch
27 May, 2011
New York City

Blue Coat Systems fourth quarter net income declined to $9.0 million. Marvell Technology first quarter net income plunged to $147 million. Royal Bank of Canada second quarter net income surged 13% to $1.50 billion. Tiffany first quarter net income soared 26% to $81.1 million.

U.S. Personal Income and Spending Rises 0.4%; Indexes Up

Arthi Gupta
27 May, 2011
New York City

U.S. indexes edged higher after personal income and spending rose 0.4% in April. The European market indexes traded higher as the sentiment in the euro-zone declined. Royal Bank of Canada quarterly revenues and net improved.

Banks, Commodities Lift European Indexes

Arthi Gupta
27 May, 2011
New York City

European indexes edged higher as commodities prices rose and an upgrade of the European banking sector. Euro-zone economic sentiment weakened in May and M3 money supply growth slowed in April. Boston-based Thomas H. Lee Partners acquired Sword Insurance.

Sensex in India Up 1.2%; MphasiS Down 3%

Devan Biswas
27 May, 2011
New York City

Mumbai stocks closed higher tracking gains in Asian markets and on the optimism on earnings. The rupee edged lower 10 paisa. MphasiS declined after it reported weaker than expected earnings.

Euro-zone Sentiment Weakens; Spanish Retail Sales Decline

Arthi Gupta
27 May, 2011
New York City

Euro-zone economic sentiment deteriorates in May and M3 money supply growth slowed in April. Spain retail sales declined and Denmark jobless rate fell in April. Swedish GDP expanded slowly in the first quarter. Greek PPI eased in April.

Japan Stocks Weak; Sony Declares Annual Loss of $3 Billion

Nigel Thomas
27 May, 2011
New York City

Stocks in Tokyo closed lower and failed to build on the recent rise in the week. Cautious investors stayed on the sidelines as trading volume dropped to the lows last seen on April 25. Sony reported third annual loss in a row.

Australian Index Extends Gains; Cochlear Earnings Hit by Strong Dollar

Marcus Jacob
27 May, 2011
New York City

Australian stocks extended gains for the second day as markets in Europe and New York advance. Asian markets closed nearly flat. Cochlear declined after it reported foreign exchange losses depressed earnings by $16.5 million.

U.S. Stocks Rebound on Higher Oil, Gold

Bikram Pandey
26 May, 2011
New York City

U.S. stocks closed higher and regained losses of the day. The second day advance after a three-day sell-off was bolstered by a weaker euro and higher commodities prices. Greece was again in focus in Europe after the IMF demanded collateral for additional sovereign debt.

U.S. Movers: Big Lots, Computer Sciences, Guess, Heinz, NetApp, TD Bank

Mukesh Buch
26 May, 2011
New York City

Big Lots first quarter net income fell 4.3% to $52.4 million. Guess first quarter net income fell 15% to $42.7 million. Heinz fourth quarter net income soared 16.4% to $224 million. NetApp fourth quarter net income rose to $160.6 million. TD Bank second quarter net income rose to $1.33 billion.

U.S. Stocks Lower on Jobless Claims Increase and GDP Estimate of 1.8%

Bikram Pandey
26 May, 2011
New York City

U.S. stocks fell after the weekly unemployment claims increased and first quarter GDP estimate was left unchanged at 1.8%. Market sentiment weakened after the GDP data was not revised higher. Tiffany gained on better than expected earnings. Big Lots estimated lower than expected quarterly net.

European Markets Flat; Reiffeisen Bank Net Up

Arjun Dave
26 May, 2011
New York City

European markets traded flat as commodities increased and crude oil hovered near $100 price. Talks of Greek default dominated trading sentiment. European automakers declined. Austria based Reiffeisen Bank reported a slight increase in quarterly earnings.

Sensex in India Advanced 1.1%; Tata Steel, Coal India Up on Earnings

Devan Biswas
26 May, 2011
New York City

Stocks in Mumbai trading closed higher after struggling for the last five days. Tata Steel swung to profit on higher sales and estimated higher global steel prices in the current year. Coal India gained after it reported higher than expected annual net. Dish TV India cut its net loss by 40%.

Nikkei in Tokyo Soars 1.5%; Canon Up 6%, Ricoh to Cut 10,000 Staff

Nigel Thomas
26 May, 2011
New York City

Stocks in Tokyo advanced tracking the gains in the U.S. markets in overnight trading. Canon Inc soared after it proposed to buy back 1.2% of its shares. Ricoh plans to eliminate 10,000 staff in the next three years.

Australian Index Soars 1.7%; GrainCorp Net Surges 66%

Marcus Jacob
26 May, 2011
New York City

Australian stocks rebounded after struggling for three days in a row as sentiment improved. In regional trading, Asian markets advanced after U.S. indexes and commodities prices regained their bearings. GrainCorp first half net soared 66% and guided higher annual net.

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