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U.S., World Indexes Drop; U.S. Retail Sales Improve

Arthi Gupta
11 Mar, 2011
New York City

U.S. indexes extend world market losses after Japan was struck with the strongest earthquake in three centuries that triggered 10-meter tsunami and warnings for 50 countries. U.S. retail sales rose in February. Ashford Hospitality venture acquired Highland Hospitality portfolio for $1.3 billion.

Euro-zone Inflation Rises; Sweden Jobless Rate Drops

Arthi Gupta
11 Mar, 2011
New York City

German wholesale price inflation accelerated in February. Inflation in euro area rose in February and economic growth was mixed. Swedish jobless rate fell in February. Hungary, Czech Republic and Bulgaria lowered their estimates of quarterly GDP growths.

European Indexes Slump; Saab Wins SEK1.16 Billion Order

Arthi Gupta
11 Mar, 2011
New York City

The European indexes plunged after Japan was hit by an earthquake of 8.9 that triggered tsunami with waves 10 meters high. Sweden-based Saab won order for weapon system. Brainspark signed deal with Italy-based Gruppo Bancario Mediterraneo. Fraport annual net surged 80%.

Sensex in India Falls 0.7%; Weak Industrial Production Growth

Devan Biswas
11 Mar, 2011
New York City

Stocks in Mumbai traded lower after industrial production rose less than expected in January. Markets opened lower on weak economic data in U.S. and spread of unrest in the Middle East to Saudi Arabia.

China Retail Sales Increase 15.8%; Inflation at 4.9%; Hang Seng Drops 1.6%

Devan Biswas
11 Mar, 2011
New York City

Stocks in Shanghai extended Japan losses after a massive earthquake hit northeastern Japan. Consumer price inflation in China increased 4.9% in February and industrial production in two-months to February rose 14.1% and retail sales growth declined to 15.8%.

Nikkei Drops 1.7%, Earthquake of 8.9 Triggers Tsunami in Japan

Nigel Thomas
11 Mar, 2011
New York City

Markets in Japan dropped after an earthquake of 8.9 magnitude struck northeastern Japan. The quake unleashed tsunami as high as 10 meters that hit the coast of Miyagi prefecture. Death toll of 29 is expected to be revised higher.

Record Weekly Drop in Australian Indexes in Nine Months

Marcus Jacob
11 Mar, 2011
New York City

Stocks in Australia declined on tracking the losses in Asian markets. Global sentiment dictated the trading in Sydney. Markets opened lower after U.S. weekly jobless claims rose, sovereign debt worries resurfaced in Europe and China reported a faster increase in inflation.

S&P and Dow Fall 1.8%; U.S. Jobless Claims, Saudi and Spain in Focus

Bikram Pandey
10 Mar, 2011
New York City

U.S. indexes dropped 1.8% after weekly jobless claims rose and trade deficit increased more than expected. Market sentiment turned sour following the release of two economic reports and the resurfacing of the sovereign debt worries in Europe and a decline in Libyan oil production and Saudi protests.

U.S. Movers: Coldwater, Green Mountain, H&R Block, Buckle, Walgreen

Mukesh Buch
10 Mar, 2011
New York City

Green Mountain Coffee entered in to strategic relationship with Starbucks. Smithfield third quarter net income surged to $202.6 million. The Buckle quarterly net income rose 17.6% to $49.5 million. Catalyst Health will acquire Walgreens pharmacy benefit management business.

FTSE Plunges 1.7%; UK Retains Key Rate at 0.5%

Arthi Gupta
10 Mar, 2011
New York City

The UK indexes plunged after the Bank of England retained key rate at 0.5% and bond buying program. British manufacturing output rebounded and industrial production slackened in January and Irish inflation soared in February. Rio Tinto raised its conditional offer for Riversdale.

U.S. Jobless Claims Rise 26,000; Cumulus, Citadel in $2.4 Billion Deal

Arthi Gupta
10 Mar, 2011
New York City

U.S. indexes scaled lower after China reported a trade deficit. U.S. weekly jobless claims rose, trade deficit widened more than estimated and foreclosure filings declined. HCA Holdings raised $3.79 billion in IPO. Cumulus agreed to acquire Citadel Broadcasting for $2.4 billion.

European Indexes Falter after Spain Downgrade; BMW Net Surges

Arthi Gupta
10 Mar, 2011
New York City

European indexes fell after ratings agency Moody

Sensex Declines 0.7%; India's Exports Surge 50%

Devan Biswas
10 Mar, 2011
New York City

Stocks in Mumbai declined on a weakness in global markets and crude oil traded near recent highs. The latest read on inflation showed a decline in food prices. Exports in February increased 49.8% to $23.6 billion but trade deficit hovered near $8 billion.

Shanghai Drops 1.5% on China Trade Deficit; Auto Sales Rise 2.9%

Devan Biswas
10 Mar, 2011
New York City

Stocks in Shanghai fell after China reported its first monthly trade deficit in nearly a year as imports rose at a faster pace than exports. For the two months to February China slipped into a deficit. Automakers declined after February auto sales rose 2.9% from a year ago.

Nikkei Falls 1.5%; Exchanges in Tokyo and Osaka to Explore a Merger

Nigel Thomas
10 Mar, 2011
New York City

Tokyo indexes closed lower after China reported its first monthly trade deficit and Libya remained in focus. Japan revised its last quarter economic decline to 1.3% from the previous estimate of 1.1% fall. Tokyo Stock Exchange Group and Osaka Securities Exchange are reported to explore a merger.

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