ticker

Euro Area Industrial Production Flat; Areva, Swiss Re, Munich Re Fall

Arthi Gupta
14 Mar, 2011
New York City

European markets traded lower after a summit of European leaders failed to calm credit markets. Insurers fell on the worries that Japan quake related claims may surge to $34 billion. France Telecom-Orange and Agility venture acquired 44% stake in Iraq-based Korek Telecom.

Sensex in India Surges 1.4%; Reliance Life Sells 26% Stake to Nippon Life

Devan Biswas
14 Mar, 2011
New York City

Stocks in Mumbai trading surged after crude oil prices eased. The benchmark Sensex index soared 1.4% and Reliance Industries and state controlled refineries gained more than 5%. Reliance Capital soared 10% after it sold 26% stake in its life insurance subsidiary to Nippon Life.

Nikkei in Tokyo Plunges 6.2%; Bank of Japan Adds Liquidity

Nigel Thomas
14 Mar, 2011
New York City

The benchmark index in Tokyo plunged more than 6% and the central bank pumped short term liquidity to stem the rise in the yen. Automakers suspended production and insurance companies led the decliners and construction companies led the gainers as Tokyo Stock Exchange imposes daily trading limit.

Uranium Miners Lead Australian Stocks Lower; QBE Estimates $125 M Loss

Marcus Jacob
14 Mar, 2011
New York City

Australian indexes closed lower for the fifth day in last six trading sessions. The Australian dollar in a volatile session edged lower and QBE Insurance estimated its share of Japan tsunami losses not to exceed $125 million. Uranium miners led the decliners.

U.S. Markets Rebound on Higher Retail Sales and Lower Crude Oil

Bikram Pandey
11 Mar, 2011
New York City

U.S. indexes rebounded after retail sales were ahead of expectations and crude oil prices declined. Japan struggles in the aftermath of the strongest earthquake on record as Tokyo residents face power loss and damaged transportation system.

U.S. Movers: AnnTaylor, Aeropostale, Ulta Salon, Valero, Zumiez

Mukesh Buch
11 Mar, 2011
New York City

AnnTaylor fourth quarter net income surged to $7.97 million. Aeropostale quarterly net income declined 13.3% to $83.8 million. Air Methods net income soared 450% to $12.6 million. Pall Corp. second quarter net earnings soared 52.5% to $75.6 million.

Tsunami Near Japan Sets Off Alarm Bells in 50 Nations

Bikram Pandey
11 Mar, 2011
New York City

World markets are on the edge as most nations touched by the Pacific Coast prepare to battle tsunami unleashed by the strongest earthquake felt in three centuries near the northern coast of Japan. Hawaii and the West Coast of the U.S. and Australia and New Zealand are expected to hit with waves.

UK Indexes Slip; Record Factory Gate Inflation

Arthi Gupta
11 Mar, 2011
New York City

The UK indexes declined tracking the declines in the European and world markets. The UK factory gate inflation rose to 28-month high in February. BP expanded biofuels business in Brazil. Chevron agreed to sell Pembroke Refinery and certain UK assets to Valero Energy for $1.73 billion.

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.

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