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Australian Stocks Gain; Banks Advance

Marcus Jacob
09 Sep, 2011
New York City

Stocks in Australia edged higher and the benchmark index in the week fell 1.1%. Resources linked companies closed up after the U.S. President Obama proposed $447 billion stimulus plan to create more jobs and improve infrastructure.

U.S. Stocks Turn Lower After Bernanke Remarks

Bikram Pandey
08 Sep, 2011
New York City

U.S. indexes closed lower after Fed Chairman did not provide new insights into the state of the economy. U.S. 10-year bond yield fell to 1.98%. aBanks fell more than 4%. European markets closed higher after the ECB and BoE left rates on hold. Greek bond yields soared to 60%.

U.S. Movers: Casey

Mukesh Buch
08 Sep, 2011
New York City

Casey

U.S. Trade Deficit Shrinks; Weekly Jobless Claims Rise

Bikram Pandey
08 Sep, 2011
New York City

U.S. weekly jobless claims rose 2,000 to 414,000 and trade deficit declined 13% in July. Exports increased at a faster pace than imports in the month as the dollar remained low and the crude oil prices remained above $100 a barrel for the fourth month in a row.

Europe, UK Leave Rates On Hold; Italian Senate Approves Austerity Measures

Devan Biswas
08 Sep, 2011
New York City

European Central Bank and the Bank of England left key lending rates unchanged and cited weak and uncertain economic outlook. The yield on 2-year Greek bonds soared to 60%. Italian Senate passed austerity measures and the government approved balanced budget constitutional amendment.

Japan Stocks Advance; Factory Orders Drop 8.2%

Nigel Thomas
08 Sep, 2011
New York City

Stocks in Japan gained for the second day in a row as investors focused on the measures to improve global economic scenario. Factory order declined 8.2% in July after rising 7.7% in June. Mining and resources linked companies closed higher.

Australian Uemployment Rises to 5.3%; Stocks Trim Gains

Marcus Jacob
08 Sep, 2011
New York City

Australian stocks gained for the second day in a row and unemployment in August rose 5.3% from 5.1% in July. The surprise increase in the rate put investors on the defensive. Unemployment in Western Australia increased to 4.4% from 4%.

Stocks Surge Ahead of Obama Jobs Plan; Financials Soar 4%

Bikram Pandey
07 Sep, 2011
New York City

U.S. indexes surged more than 2% after banks and tech stocks led the recovery after a 3-day decline. The Fed

S&P 500 Index Up 2%; Bank of America in Restructuring, Yahoo CEO Fired

Devan Biswas
07 Sep, 2011
New York City

Stocks in New York trading rose after a three-day of sell-off. Banks led the gainers after Bank of America replaced executives in its restructuring plan. Yahoo gained as much as 6% after its board replaced chief executive. Nvidia rose on positive outlook.

U.S. Movers: Altera, Navistar, Nvidia, Talbots, VimpelCom, VeriFone

Mukesh Buch
07 Sep, 2011
New York City

Altera updated third quarter sales guidance. Navistar third quarter net income surged to $1.4 billion. Nvidia anticipates revenue of $4.7 billion to $5.0 billion in fiscal year 2013. VimpelCom second quarter net income declined 29% to $239 mn. VeriFone third quarter net income soared 42% to $26.3mn.

German Court Approves Bailout Authority; SAP Affirms Earnings

Arjun Dave
07 Sep, 2011
New York City

European markets rebounded and bond yields declined after German Constitutional Court affirmed the government

Nikkei Rebounds 2% After 3-day Sell-off; Gree, DeNa, Kirin Up

Nigel Thomas
07 Sep, 2011
New York City

The Nikkei index in Tokyo gained more than 2% after dropping 6% in a three day sell-off. Export and resource linked companies led the broad advance in the market. Social media sites soared on broker comments.

Australian GDP Expands 1.2%; Macquarie Net Lags

Marcus Jacob
07 Sep, 2011
New York City

Australian GDP rose 1.2% in the second quarter after exports rebounded and coal shipments recovered from the lows during the natural disaster in the first quarter. Stocks surged more than 2% after the central bank governor issued a positive outlook on the economy.

U.S. Bond Yields Drop to Lows; World Markets Drift Lower

Bikram Pandey
06 Sep, 2011
New York City

U.S. indexes declined more than 1.4% on the global economic worries. The indexes in the Europe dropped as much as 3% and banks declined for the second day in a row. The recent market declines have dragged U.S. and Europe stocks and indexes near 2008 levels.

European Indexes Weaken Further; Switzerland Defends Euro-franc Rate

Arjun Dave
06 Sep, 2011
New York City

European markets declined and banks led the losers across the region. Italy faced a wave of protests as lawmakers debated second austerity measures of 46 billion euros. Swiss central bank set the cap on euro-franc exchange rate that may prove costly.

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