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Australian Rates on Hold, Retail Sales Rise 0.4%

Marcus Jacob
01 Mar, 2011
New York City

Australian stocks and dollar closed nearly unchanged after the Reserve Bank of Australia left rates on hold and cited rising wage pressures. Current account deficit in the quarter to December widened to $7.3 billion and retail sales in January rose 0.4%.

World Markets Brave Higher, European Inflation Accelerates

Bikram Pandey
28 Feb, 2011
New York City

U.S. indexes trade higher after personal spending and income rose. Pending contracts of sale of U.S. homes rose in January. In Europe, inflation stayed above the target level of the central bank. Crude oil stayed high and financial budget in India estimated smaller deficit on a quicker growth.

U.S. Movers: Berkshire, Dril-Quip, Quicksilver, Tenet Healthcare

Mukesh Buch
28 Feb, 2011
New York City

American Water Works fourth quarter net income increased 10.4% to $40.2 million. Endo Pharmaceuticals fourth quarter net income declined 37% to $93 million. Interpublic Group quarterly net income soared 51% to $195 million. Public Storage net income in the quarter rose 3.3% to $121.4 millin.

UK Home Prices Rise; HSBC Profit Surges

Arthi Gupta
28 Feb, 2011
New York City

The UK indexes traded lower after home prices in England rose and Irish retail sales fell in January. HP Enterprise Services won deal worth more than $400 million from Centrica. Tesco entered in a venture to develop shopping malls in China.

Euro Area Inflation at 2.3%; Bayer Swings to Loss

Arthi Gupta
28 Feb, 2011
New York City

The European indexes rose as oil prices stabilized but tensions in the Middle East remained high. Euro area inflation rose 2.3% in January and German import price inflation slowed and French producer price inflation slackened. Swedish retail sales growth and producer prices dropped in the month.

U.S. Stocks Higher; U.N. Imposes Sanctions on Libya, Unrest Spreads to Oman

Arthi Gupta
28 Feb, 2011
New York City

The U.S. indexes scale higher after personal income and expenditure rose in January. Popular unrest in the Middle East spread to Oman and U.N. imposes sanctions on Gaddafi regime. Blackstone agreed to buy Australia-based Centro''''s U.S. Malls for $9.4 billion. JPMorgan contemplated stake in Twitter.

India Budget Estimates Lower Deficit; Q3 GDP Growth at 8.2%

Devan Biswas
28 Feb, 2011
New York City

Stocks in Mumbai trading closed higher after Finance Minister proposed a budget that included 17% increase in social spending and lowered corporate tax surcharge and provided incentives to infrastructure investment. The increase in GDP growth in the quarter to December fell to 8.2%.

China Region Indexes Extend Gains; HSBC Net Doubles

Devan Biswas
28 Feb, 2011
New York City

Stocks in China region closed higher on earnings expectations this week and higher earnings from property developers in Hong Kong. HSBC Holdings said net doubled to $13.2 billion in 2010. Sun Hung Kai said first-half net increased 36%.

Nikkei in Japan Reverse Earlier Losses; FujiFilm Buys Merck Bio-drug Makers

Nigel Thomas
28 Feb, 2011
New York City

Stocks in Japan closed higher after reversing earlier losses as the yen strengthened and crude oil advanced. The benchmark index Nikkei gained 3.8% in the month. FujiFilm Holdings agreed to acquire bio-drug makers from Merck.

U.S. Movers: AIG, Autodesk, Gap and Target

Mukesh Buch
25 Feb, 2011
New York City

AIG reported fourth quarter net income $11.2 billion. Autodesk fourth quarter net income rose 23% to $61.6 million. First Solar quarterly net income rose 10.2% to $156.0 million. Freddie Mac fourth quarter net loss fell 78.2% to $1.7 billion. Target net earnings in the quarter rose 10.5% to $1.0 bn.

UK GDP Shrink Revised Lower to 0.6%; Lloyds Banking Plunges

Arthi Gupta
25 Feb, 2011
New York City

The UK indexes edged higher after the economy contracted more than initially estimated in the fourth quarter. The UK consumer confidence grew, service sector activity declined and business investment fell. Tata Steel UK sold certain assets of TCP to Sahaviriya in a deal valued at $469 million.

European Indexes Rebound; CGGVeritas, Saint-Gobain Soar

Arthi Gupta
25 Feb, 2011
New York City

The European indexes rose after oil price eased. Euro area money supply growth slackened, French consumer spending declined and Spanish PPI soared in January. German consumer price inflation was steady at 2% in February. Saint-Gobain net surged more than five-fold.

Oil Prices Recede on OPEC Assurance; AIG Swings to Profit

Arthi Gupta
25 Feb, 2011
New York City

U.S. stocks gained after crude oil declined and OPEC member nations assured of higher supply to meet any shortfall from Libya. International Energy Agency also said it will release oil from its stockpile. Unrest and disruptions in Libya and Bahrain continue.

Sensex in India Gain; Railways Budget $12.7 Billion

Devan Biswas
25 Feb, 2011
New York City

Mumbai stocks closed higher as railways minister presented populist budget and plans to extend 1,300 kilometers of new tracks. Minister Banerjee left passenger and freight rates unchanged in her third budget in a row. The largest annual outlay of $12.7 billion will be funded with $4.5 billion debt.

Hang Seng Rebounds 1.8%, AIA Net Up 54%; China Cement Makers Rise

Devan Biswas
25 Feb, 2011
New York City

Stocks in Shanghai edged lower but in Hong Kong soared 1.8%. Crude oil decline lifted trading sentiment in China region. Banks, property developers and oil refiners closed higher in Hong Kong. AIA Group Ltd reported 2010 net surged 54% on higher investment income.

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