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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.

U.S. Movers: Goldman Sachs, Crane, J&J, Peabody, Bank of New York

Mukesh Buch
19 Apr, 2011
New York City

Goldman Sachs first quarter net earnings tumbled 72% to $908 million. Gannett quarterly net income declined 23% to $90.5 million. Johnson & Johnson first quarter net earnings declined 23% to $3.48 billion. Peabody quarterly net income rose to $176.5 mn. U.S. Bancorp quarterly net income rose 56%.

UK Indexes Up; Seagate and Samsung in $1.38 B Deal

Arthi Gupta
19 Apr, 2011
New York City

The UK indexes rose after strong global economic data. WPP agreed to buy Germany-based Commarco. Vedanta

U.S. Housing Starts Rise 7.2%; J&J Net Falls 23%, Goldman Net Drops 72%

Arthi Gupta
19 Apr, 2011
New York City

U.S. indexes traded higher after housing starts rose 7.2% in March. Seagate Technology entered into supply and cross-licensing agreement with Samsung Electronics. Goldman Sachs earnings plummeted 72% reflecting the redemption of its preferred stock and a drop in institutional revenues.

European Indexes Advance; LVMH, Novartis Surge

Arthi Gupta
19 Apr, 2011
New York City

European indexes gained on upbeat economic data. Volvo Buses and China based SAIC Motors agreed to form a joint venture for new energy driveline systems. Novartis net dropped reflecting additional financing costs related to the acquisition of Alcon.

Stocks Waver in India; Pipavav Shipyard Rises on Samsung Stake Talks

Devan Biswas
19 Apr, 2011
New York City

Stocks in Mumbai wavered as sentiment reversed more than five times in trading. A drop in crude oil price helped to counter the weak international sentiment and a rise in gold and silver prices. Silver jumped 0.7% and hovered near a record price of Rs 67,000 a kilo.

Euro-zone Sentiment Slumps; German Private Sector Activity Slows

Arthi Gupta
19 Apr, 2011
New York City

Euro-zone private sector activity improved, current account deficit widened and consumer sentiment dipped. European car registrations fell in March. German private sector activity slowed in April. Austria PPI Inflation rose to a 6-year high in February.

Nikkei Down 1.2% on Supply Worries and U.S. Debt Downgrade

Nigel Thomas
19 Apr, 2011
New York City

Stocks in Tokyo were dragged lower on the rising uncertainty related to the massive U.S. debt and growing realization that peripheral nations in Europe will need debt restructuring. Yen gained and electronics and chipmakers declined after Texas Instruments cited supply chain problems in Japan.

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