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Market Update

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.

U.S. Movers: Blyth, MTS, Progress Software, Sunoco

Mukesh Buch
06 Sep, 2011
New York City

Blyth reported second quarter net loss of $3.07 million. Russia based mobile telecom service provider, MTS aid second quarter net income rose 3% to $367 mn and it will increase ownership of MGTS to 94.1%. Progress Software lowered its third quarter outlook.Sunoco plans to exit its refining business.

U.S. Indexes Trim Losses to 2.4%, Service Industry Expands

Bikram Pandey
06 Sep, 2011
New York City

The U.S. indexes traded lower after a vortex of negative news from Europe added to market anxieties. The indexes trimmed losses after the service index showed an improvement in August. Shaw Group agreed to sell its 20% stake in Westinghouse Electric to Toshiba.

Nikkei Drops 2.2%, Toshiba to Add 20% to Westinghouse Stake

Nigel Thomas
06 Sep, 2011
New York City

The benchmark index in Japan declined 2.2% as investors feared weak prospects of global economic recovery and exports growth. Toshiba dropped more than 5% after the company is expected to increase its stake in the Westinghouse Electric by 20%.

Australian Index Drops 1.6% to 2-year Low; Rio Tinto Plans Palabora Sale

Marcus Jacob
06 Sep, 2011
New York City

The Australian benchmark declined 1.6% and traded near 2-year low. The market indexes in Asia dropped for the second day on the euro-zone debt worries and uneven economic recovery in the U.S. Gold gained 2%.

European Indexes Fall 4%; Deutsche Bank Plunges 9%

Bikram Pandey
05 Sep, 2011
New York City

Market indexes in Europe fell sharply and the German benchmark index declined to a two-year low after German Chancellor Angela Merkel controlled party suffered a defeat in a regional election. Banks led the decline on the worries after the U.S. is preparing to sue 17 banks.

Asian Markets Drop 2% on U.S. Jobs Report

Nigel Thomas
05 Sep, 2011
New York City

Asian markets slid following the weak U.S. employment report. The market index in Korea led the region with a loss of 4% and the index in Hong Kong fell 3%. The indexes in Shanghai, Australia and Taiwan dropped more than 2% and in India declined 0.6%.

U.S. Indexes Drop 2%; Europe Faces More Sovereign Debt Stress

Bikram Pandey
02 Sep, 2011
New York City

The U.S. indexes declined more than 2.6% after payroll report. August unemployment rate was unchanged at 9.1% and most sectors trimmed jobs in the month. Oil declined more than 2% and gold gained 3%. Nearly after four years, the U.S. set to sue banks for misleading investors in mortgage securities.

U.S. Movers: Campbell Soup, Esterline, Finisar, H&R Block, Peabody

Mukesh Buch
02 Sep, 2011
New York City

Campbell Soup fourth quarter net earnings fell to $100 million. Esterline third quarter net fell to $37.7 million. H&R Block first quarter net loss widened to $175.1 mn. Peabody slashed earnings outlook for third quarter and fiscal year 2011. Teavana Holdings announces agreement for intl. expansion.

UK Indexes Plunge 2.5%; Construction Activity at 8-Month Low

Arthi Gupta
02 Sep, 2011
New York City

The UK indexes extended losses after construction activity slid to an eight-month low in August and orders declined in the second quarter. Smiths Interconnect acquired Power Holdings for $235 million. LSE confirmed takeover talks with LCH.Clearnet.

U.S. Jobless Rate at 9.1%; Deficit Estimate Lowered 20%

Arthi Gupta
02 Sep, 2011
New York City

U.S. indexes fell after non-farm payroll level stagnated in August. The OMB estimated U.S. deficit to fall 20% to $1.316 trillion. Domestic automakers reported strong growth in U.S. auto sales in August. NextEra agreed to sell natural gas-fired power assets for $1 billion.

Nikkei in Japan Declined 1.2%; Quarterly Capital Spending Falls 8%

Nigel Thomas
02 Sep, 2011
New York City

The Nikkei index declined 1.2% on Friday and advanced 1.7% and gained for the second week. Capital spending in the quarter to June declined 7.8% from a year ago. Automakers declined after Toyota and Honda reported lower sales in the U.S.

Australian Index Down 1.5%; Qantas Yield Improves on Jetstar

Marcus Jacob
02 Sep, 2011
New York City

The Australian benchmark index dropped 1.5% on Friday and gained 1% in the week. SABMiller turn up heat on Foster

Euro Area PPI Rises 6.1%; Spain

Arthi Gupta
02 Sep, 2011
New York City

Euro area zone producer prices increased but Czech retail sales fell in July. Spanish unemployment and export price inflation rose in August. Hungary trade surplus narrowed in June.