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U.S. Rally Lifts Indexes to 30-month Highs; AIG Repays $21 Billion to Fed

Bikram Pandey
14 Jan, 2011
New York City

U.S. stocks closed higher for the seventh week in a row and two popular benchmarks the Dow and the S&P are near 30-month high. Financials rallied on the back of earnings from JPMorgan and AIG repaid $21 billion to the Fed. Gold declined after China lifted bank reserve requirements.

U.S. Movers: Coinstar, JPMorgan, Goldman Sachs and Intel

Mukesh Buch
14 Jan, 2011
New York City

AT&T estimates pre-tax charged $2.7 billion in the fourth quarter. American Capital priced public offering at $28 per share. Intel Corp. fourth quarter revenue rose 8% to $11.46 billion. JPMorgan fourth quarter total revenue rose 13% to $26.1 billion.

UK Home Prices Decline; BAE Acquires Norkom for

Arthi Gupta
14 Jan, 2011
New York City

The UK indexes dropped as inflation increase and a private estimate suggested economic growth of 1.6% in 2010. Output price inflation increased and home prices declined in December. BAE Systems agreed to acquire Norkom for

Euro-zone Inflation Accelerates 2.2%, SAP Surges 6.6%

Arthi Gupta
14 Jan, 2011
New York City

The European indexes slid after euro-zone inflation crossed ECB threshold in December. Many European nations including German reported a rise in inflation. Hungarian industrial output soared in November.

U.S. Retail Sales, CPI Rise; JPMorgan Net Surges 47%

Arthi Gupta
14 Jan, 2011
New York City

U.S. stocks fell after China lifted reserve requirement ratio again. U.S. retail sales and consumer prices rose in December but less than expected. Intel expressed confidence about the outlook and JPMorgan earnings soared. The SEC to probe sovereign wealth funds transaction.

Sustained Slide in Sensex in India on Inflation Worries

Chandrasekhar Atreya
14 Jan, 2011
New York City

Stocks in Mumbai fell 1.8% on Friday and 4.34% for the week. A sustained elevated inflation may force central bank to lift rates. Steel Authority of India net dropped 34% in third quarter. The Food Security Bill is termed as unworkable by the expert committee.

Shanghai Stocks Decline 1.3%; CNPC Net Surges 30%

Chandrasekhar Atreya
14 Jan, 2011
New York City

Shanghai stocks drop to their lowest level in ten days led by commodities and banks. Shougang Group shuts its steel plant in Beijing to cut air pollution levels. CNPC says its net profit for 2010 surged by 30%. China overtakes U.S with the largest installed wind power capacity.

Nikkei 5-Day Rally Halts and Gain 2.64% in the Week

Chandrasekhar Atreya
14 Jan, 2011
New York City

Japanese stocks fell after rallying for five days and closed 2.64% higher for the week. Machine tools orders in December rose for the thirteenth month in a row. Prime Minister Naoto Kan reshuffles his cabinet. The total market cap China bourses exceeds those of Japan by 60% in 2010.

Sydney Index at 8-Month High; Coal Exports to Resume

Chandrasekhar Atreya
14 Jan, 2011
New York City

Stocks in Sydney rose to end at their highest in more than eight months. Residents of Tasmania and Victoria are evacuated while donations to flood relief fund pours in. Port of Gladstone expects coal exports to begin on Saturday.

World Stocks Struggle; U.S. Foreclosures to Surge

Bikram Pandey
13 Jan, 2011
New York City

U.S. stocks declined after an unexpected rise in weekly jobless claims and a rise in wholesale prices. Foreclosures increased only 2% in 2010 but are expected surge in the year as banks streamline the process and meet legal requirements. California led the nation in filings with 14% share.

U.S. Movers: Infosys, Marathon Oil, Williams-Sonoma

Mukesh Buch
13 Jan, 2011
New York City

American Capital declined after plans for public offering of 18 million shares. CLARCOR fourth quarter sales rose 18% to $275.66 million. Infosys Technologies third quarter revenue rose 28% to $1.6 billion. Marathon Oil surged after plan to spin-off downstream business in to two independent Company.

UK Industrial Production Slows; Tesco Slumps 3.5%

Arthi Gupta
13 Jan, 2011
New York City

The UK indexes slid after the Bank of England held key rate at 0.5% and bond buying program at

Spain, Italy Auctions Raise

Arthi Gupta
13 Jan, 2011
New York City

The European indexes rose after successful bond auction by Spain and Italy. The ECB left key rate unchanged at 1%. German wholesale and French consumer prices rose in December. Dutch retail sales surged in November. Greek jobless rate climbed in October.

U.S. Jobless Claims Soar; Rates on Hold in Europe, UK

Arthi Gupta
13 Jan, 2011
New York City

U.S. stocks fell after weekly jobless claims surged, producer prices rose more than estimated and trade deficit unexpectedly narrowed. Spain and Italy successfully completed bond auctions. U.S. foreclosure filings rose 2% in 2010. Rates on hold in UK and Europe.

Sensex Falls 1.8%; IndiGo Places Largest Jet Plane Order

Chandrasekhar Atreya
13 Jan, 2011
New York City

Stocks in Mumbai fell 1.8% as the latest wholesale inflation price index increased 0.3%. IndiGo placed a $15.6 billion order for 180 Airbus 320 to be delivered between 2016 and 2025. Abhijeet Power plans Rs 1,500 crore IPO in February.

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