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UK Indexes Drop 1.5%; Irish Inflation Soars

Arthi Gupta
20 Jan, 2011
New York City

The UK indexes declined the most in European trading after weak commodities prices. The UK manufacturing output estimated to improve and car production rose in 2010. Irish inflation soared in December. easyJet slumped 17% after first quarter revenue rose.

German PPI Rises; Iberdrola Acquires Elektro for $2.4 Billion

Arthi Gupta
20 Jan, 2011
New York City

The European indexes declined tracking lower commodities and a strong GDP expansion in China stoking worries that China may not be able to curb inflation. German producer price inflation rose and Italy

U.S. Indexes Lower; Morgan Stanley Profit Surges 60%

Arthi Gupta
20 Jan, 2011
New York City

U.S. indexes traded lower as commodities prices declined. China

Shanghai Index Dips 2.9%; China

Chandrasekhar Atreya
20 Jan, 2011
New York City

Shanghai Indexes drop more than 2.8% while the index in Hong Kong drops 1.7%. China

Sensex in India Gains; Stubborn Inflation

Chandrasekhar Atreya
20 Jan, 2011
New York City

Stocks in Mumbai closed higher after fluctuating in negative territory. RBI relaxes debt restructuring norms for the micro finance sector. India and China top labor productivity table in 2010.

Nikkei Drops 1%; Auto Insurance Hike Approved

Chandrasekhar Atreya
20 Jan, 2011
New York City

Japanese stocks indexes declined 1% to 45-day low. Commercial banks were the net buyers of long-term corporate and municipal bonds for the first time in two months. Financial Services Agency endorses a hike in compulsory auto liability insurance policy by 11%.

Housing Starts Decline Drag U.S. Indexes, Dollar Lower

Bikram Pandey
19 Jan, 2011
New York City

U.S. indexes dropped sharply after latest housing data suggested weak and uneven recovery. Goldman Sachs earnings dropped 53% and American Express cut back office staff. Asian markets rose as exporters gained on Apple sales and earnings.

Sydney Index Drops 1%; Temasek Sells Fortescue Stake

Chandrasekhar Atreya
20 Jan, 2011
New York City

Stocks in Sydney fell more than 1% led by drops in resource stocks followed by financial and energy stocks. Oz Minerals gold and copper 2010 output exceeds targets. Exports of metallurgical coal from Gladstone Port will commence on Friday.

U.S. Movers: Apple, Goldman Sachs, IBM, Wells Fargo

Mukesh Buch
19 Jan, 2011
New York City

Apple first quarter net sales surged 71% on record holiday sales. Amgen signed an agreement to sell a California facility to Boehringer Ingelheim. IBM fourth quarter total revenue increased 6.6%. Goldman Sachs fourth quarter net revenues fell 10% and net plunged 51%.

UK Jobless Claims Fall; Pearson Soars 5.7%

Arthi Gupta
19 Jan, 2011
New York City

The UK indexes dropped after jobless claims fell in December. Irish Prime minister survived vote of confidence. Irish home price index declined in the fourth quarter. The FSA imposed fines of

Germany Lifts Growth Outlook, Poland Raises Key Rate; Swatch Drops 4.5%

Arthi Gupta
19 Jan, 2011
New York City

The European indexes edged lower after euro-zone current account deficit widened and construction output fell in November. Germany lifted growth forecast for 2011. Spain home sales plunged in November and Poland raised key interest rate.

U.S. Stocks Flat; Apple Net Surges 78%, Goldman Net Falls 53%

Arthi Gupta
19 Jan, 2011
New York City

U.S. indexes traded sideways after Goldman Sachs reported 10% decline in revenues. Fairholme sold its stake in General Growth to Brookfield for $1.7 billion. Fluor awarded $3.5 billion contract by Santos. Apple profit surged 78%. Northern Trust and State Street quarterly net declined.

Sensex Declines Again; HCL Tech Net Surges 34%

Chandrasekhar Atreya
19 Jan, 2011
New York City

Sensex index in Mumbai ended below 19,000 as stocks in technology, oil and gas sectors declined. HCL Technologies reported third quarter profit increased 34.2%. Gail Ltd plans to raise $800 million or 50% of its 2011 capex through a public issue.

President Hu Jintao Begins U.S. Visit; Shanghai Index Gains 1.9%

Chandrasekhar Atreya
19 Jan, 2011
New York City

Shanghai and Hong Kong stocks gained more than 1%. President Hu Jintao began his four-day U.S. trip as trade and defense talks top the agenda. China cuts its U.S treasury holdings to 895.6 billion in November.

Nikkei Gains; Machine Tool Orders Surge 170%

Chandrasekhar Atreya
19 Jan, 2011
New York City

The Nikkei closed higher for the third day in a row led by exporters. Machine tool exports surges 170% as China leads the demand. Mitsubishi Heavy Industry secures an order worth more than 10 billion yen for supply of gas power plant to a U.S electric utility.

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