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Stocks in New York Weaken as Politics Takes Center Stage, Gold, Silver Up

Bikram Pandey
08 Apr, 2011
New York City

U.S. stocks wavered after a rally of four days and government shutdown looms midnight. Lawmakers are divided over 2011 budgetary cuts. Gold and silver trade at 31-year new high and European markets rebound after Portugal sought European Union help.

European Markets Rebound, Tighter Stress Test

Arjun Dave
08 Apr, 2011
New York City

European markets inched higher and commodities gained. Miners and banks led the gainers in the regional trading and crude oil traded above $111 a barrel. The euro firmed against the dollar.

Sensex in 4-day Decline; Maruti Suzuki, Mahindra, Bajaj Fall

Devan Biswas
08 Apr, 2011
New York City

Stocks in Mumbai declined for the fourth day in a row as crude oil soared and worries of inflation kept investors on the sidelines. Maruti Suzuki and Mahindra and Mahindra increased auto price as much as 2%. Hindustan Zinc production increase 29% and Tata Steel

Nikkei in Tokyo Soars 1.9%; Automakers, Retailers Advance

Nigel Thomas
08 Apr, 2011
New York City

The benchmark index in Tokyo soared 1.9% after opening lower. Retailers and automakers led the rally. Toyota, Honda and Nissan gained after a report suggested that exports resumed from Sendai port. Tokyo Electric Power soared 24% in a volatile trading.

New High in Australian Dollar Lifts Stocks

Marcus Jacob
08 Apr, 2011
New York City

5:00 Sydney

U.S. Stocks Turn Lower After Japan Aftershock; Records in Gold, Silver

Bikram Pandey
07 Apr, 2011
New York City

U.S. stocks turned lower after Japan was hit another quake aftershock that knocked off power at three nuclear facilities. Crude oil closed above $110 a barrel and silver inched closer to $40 level. U.S. lawmakers remain divided as the government shutdown looms next week.

U.S. Movers: Bed Bath & Beyond, Pier 1, Pep Boys, Rite Aid, Ruby, WD-40

Mukesh Buch
07 Apr, 2011
New York City

Bed Bath & Beyond fourth quarter net earnings soared 30% to $283.4 million. Movado quarterly net loss widened to $31.3 million. Pier 1 fourth quarter net income rose to $57.0 million. Rite Aid net loss narrowed to $208.1 million. Pep Boys net earnings in the quarter tripled to $8.4 million.

U.S. Stocks Flat; Jobless Claims Fall, Chain Store Sales Ahead of Expectations

Bikram Pandey
07 Apr, 2011
New York City

U.S. stocks were flat after the release of weekly jobless claims and chain store sales in March. Jobless claims declined to 382,000. Store sales were ahead of expectations despite the calendar shift and rising energy prices. Costco and Limited same store sales surged and Gap lowered profit outlook.

UK Rates on Hold, Pound Flat

Marcus Jacob
07 Apr, 2011
New York City

UK indexes were flat and the Bank of England left its key lending rate on hold. The central bank also left its bond buying program on hold as inflation hovered at 4.4%, twice the target range. The pound was flat after the decision.

ECB Raises Key Rate to 1.25%; Portugal Seeks EU Help

Arjun Dave
07 Apr, 2011
New York City

European Central Bank lifted key lending rate to 1.25% from 1% and Bank of England left its benchmark rate unchanged. The increase in interest rate comes only hours after Portugal said it will seek European Union financial help.

India Stocks Ease on Stubborn Wholesale Inflation

Devan Biswas
07 Apr, 2011
New York City

Mumbai stocks wavered after a nine-day rally that lifted stocks more than 9%. The rising commodities prices are stoking fears of inflation as the latest data showed no improvement in wholesale prices.

Utilities in Tokyo Rebound; Fast Retailing Lifts Profit View

Nigel Thomas
07 Apr, 2011
New York City

Foreign investors in Japan were net buyers of stocks and bonds in Japan. The benchmark index in Tokyo soared as much as 1.1% but surrendered most of the gains at close. The Bank of Japan left its bond and credit program unchanged and left target interest rate range unchanged.

Jobless Rate of 4.9% Lifts Australian Dollar Higher, Riversdale in Focus

Marcus Jacob
07 Apr, 2011
New York City

Australian dollar continues to drift higher with no resistance after the release of jobs data. The unemployment rate dropped to 4.9%, the low last seen in December 2008. Riversdale Mining takeover offer from Rio Tinto failed to win 50% shares.

U.S. Stocks Positive; Records in Gold, Silver

Bikram Pandey
06 Apr, 2011
New York City

U.S. stocks seesawed as gold and silver traded at 31-year highs. European markets rebounded after banks announced $18 billion of capital raising and on strong industrial orders in Germany. Mining stocks around the world rallied for the third day in a row as Japan struggles with Production delays.

UK Production Up 1.2%; Marks & Spencer, Misys, easyJet Rise

Marcus Jacob
06 Apr, 2011
New York City

UK stocks advanced as commodities rose and mining sector stocks gained. UK industrial production increased 1.2% in February but manufacturing was flat on a monthly basis. Marks & Spencer rose after it reported lower than expected same store sales decline.

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