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French Inflation Flat, Spanish Home Loans Fall; Accor Falls, M

Arthi Gupta
23 Feb, 2011
New York City

The European indexes slid after unrest in Libya continued. Euro-zone industrial orders grew in December. Merkel hinted on an extension of Greece repayment period. French inflation index stays flat in January. Spanish mortgage approvals slumped in December. Accor and Commerzbank swing to profit.

World Markets Focused on Libya, Bahrain; HP Slides

Arthi Gupta
23 Feb, 2011
New York City

World markets edged lower as protests continue in Libya and Bahrain. Gaddafi vowed to stay in power. Libya supplies 1.5 million barrels a day of oil to Europe and y one third to Italy. Forest Labs agreed to buy Clinical Data for $1.2 billion. Hewlett Packard falls on lower than expected outlook.

Sensex In India Falls 0.7%; Reliance Infra, Goodyear India, Bata Soar

Devan Biswas
23 Feb, 2011
New York City

Stocks in Mumbai declined in the final hour of trading as crude oil price increase sparked fears of another bout of inflation. Goodyear India and Bata India reported sharply higher earnings. Reliance Infra soared after it commenced metro link to airport in New Delhi.

Hong Kong Economy Expands 6.8%; Shanghai Gold Miners Rise

Devan Biswas
23 Feb, 2011
New York City

Stocks in China closed up but in Hong Kong fell on the weakness in property stocks. Hong Kong economy expanded at a faster than expected pace of 6.8% in 2010 and the government estimated economy to grow between 4% and 5% in 2011. Gold miners surge in Shanghai and Hong Kong property developers fell.

Nikkei in Japan Extends Losses; Right On Surges 17%

Nigel Thomas
23 Feb, 2011
New York City

Stocks in Japan extended losses for the second day as crude oil surges and investors worry of the growing contagion in the Middle East. The Nikkei index declined 0.8% and fell 1.8% in the last two days of trading. Automakers, exporters and banks closed lower.

Australian Index Down 0.2%; Suncorp Net Falls 39%, Coca-Cola Amatil Net Up 11%

Marcus Jacob
23 Feb, 2011
New York City

Stocks in Australia declined but rebounded from the lows as the dollar gained. Crude oil surged for the third day and third week in a row as furor in Libya lead to more bloodshed. Suncorp Group first half net declined 39%. Coca-Cola Amatil annual net increased 11%.

U.S. Home Prices Fall, World Markets Slide; Oil Surges 8%

Bikram Pandey
22 Feb, 2011
New York City

The S&P dropped 2.2% and the Nasdaq index decline 2.8% as unrest in Libya threaten oil production and supply to Europe. The rising tensions are making authorities in Saudi Arabia, Iran and Syria worried. Wal-Mart declined after quarterly sales were lower than expected. Home prices fell in the U.S.

U.S. Movers: Daktronics, Macy

Mukesh Buch
22 Feb, 2011
New York City

Hormel Foods first quarter net earnings rose 34% to $148.8 million. Macy

UK Public Finance Surplus; Informa Drops 4%

Arthi Gupta
22 Feb, 2011
New York City

The UK indexes traded lower as violent protests rage in Bahrain and Libya. Crude oil prices surge and world markets decline. The UK government recorded largest surplus since July 2008. BP to sell certain UK assets. Informa plc 2010 net declined 6.3% on flat revenue. Kerry Group Plc net rose 61%.

European Indexes Lower; Zurich Financial, Santander in a Venture

Arthi Gupta
22 Feb, 2011
New York City

The European indexes slide as protests continued in Libya, Morocco and Bahrain. German consumer sentiment strengthened. French housing starts growth slackened in January. Swiss trade surplus and exports rose in January. Zurich Financial formed venture with Banco Santander.

Libya Worries Drag U.S., World Indexes; Home Depot, Wal-Mart Net Surge

Arthi Gupta
22 Feb, 2011
New York City

U.S. indexes fell and world markets decline. Crude oil surged as oil companies begin to evacuate staff from Libya and European markets worry of energy supply disruptions. Chesapeake agreed to sell its shale assets to BHP for $4.75 billion. Home Depot and Wal-Mart earnings rose.

Sensex in India Fall 0.8%; Reliance, Fertilizer Makers Rise

Devan Biswas
22 Feb, 2011
New York City

Stocks in Mumbai declined tracking losses in Asia after crude oil prices surged more than 5%. Libya gained center stage as popular unrest threatens Col Muammar Gaddafi

China Indexes Drop 2.5%; China Seeks Price Stablility

Devan Biswas
22 Feb, 2011
New York City

Stocks in Shanghai fell sharply after crude oil futures surged and China vowed to maintain fuel prices stable. The announcement fueled speculation that more tightening measures may be carried out sooner than anticipated. Alibaba.com share dropped as much as 9%.

Nikkei in Tokyo Plunges 1.8%; Crude Oil Futures Rise 5%

Nigel Thomas
22 Feb, 2011
New York City

The benchmark index in Tokyo plunged after oil prices rose sharply and in a surprise move Moody

BHP Billiton Buys Chesapeake's Shale Gas Asset for $4.75 Billion

Marcus Jacob
22 Feb, 2011
New York City

The benchmark index in Australia declined after tensions in Middle East and North Africa reach oil producing nations. BHP Billiton agreed to acquire shale gas leasehold from Chesapeake Energy for $4.75 billion. Sonic Healthcare fell after it lowered earnings outlook.

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