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China Stocks Surge; Evergreen IPO Soars 26%

Devan Biswas
04 Nov, 2010
New York City

Stocks in China region surged following a rally in Asia. U.S. Fed expanded its U.S. Treasury purchase program y $600 billion, effectively printing new money that may fuel inflation in the future. Resource stocks and commodities prices increased.

Nikkei Index in Japan Rises 2.2%; Casio, Toyota, Fast Retailing Up

Devan Biswas
04 Nov, 2010
New York City

Stocks in Japan scaled higher after U.S. Federal Reserve announced larger than expected monetary stimulus. Resources and export sensitive stocks increased and the yen hovered near its recent highs. Casio Computer swung to net profit.

U.S. Movers: Asia Info, Garmin, Pulte, OpenTable

Bikram Pandey
03 Nov, 2010
New York City

CVS Caremark Corp. third quarter revenues declined 3% reflecting weak performance at pharmacy services. Electronic Arts Inc revenue fell 20% and losses narrowed 49%. Hertz Global Holdings, Inc net income surged 143% on strong growth in car rental unit and lower fleet costs.

Fed to Increase Treasury Purchase by $600 Billion, Dollar Falls

Bikram Pandey
03 Nov, 2010
New York City

Federal Reserve proposed $600 billion U.S. Treasuries purchase program. The larger than expected program lifted the stocks in the late afternoon trading but the prospects of additional monetary stimulus dimmed with the shift of power structure in the U.S. Federal Reserve also left the rates on hold.

UK Services Expand to 4-Month High; Net Reserves Improves

Arthi Gupta
03 Nov, 2010
New York City

The UK indexes gained after service sector growth improved unexpectedly and net reserves rose in October. Irish jobless rate fell in October. Rolls-Royce won $200 million order by Tunisair.

Iceland Lowers Key Rate; Societe Generale, Statoil Net Surges

Arthi Gupta
03 Nov, 2010
New York City

The European indexes traded sideways after OECD area inflation edged higher in September. Iceland Central Bank lowered key rate. Societe Generale net more than doubled due to lower loan-loss provisions. BMW AG lifted its full year outlook but the stock declined.

Fed in Focus, Republicans Gain in Elections

Arthi Gupta
03 Nov, 2010
New York City

U.S. stocks traded higher on optimism that the Fed will announce further monetary easing. U.S. private sector employment rose more than expected in October but refinancing declined despite low interest rates. Aetna net soars 53%. Electronic Arts Inc loss narrowed 49%.

India Movers: CESC, GAIL, Fortis Healthcare, T.V. Today

Mukesh Buch
03 Nov, 2010
New York City

Stock in Mumbai closed higher. CESC Ltd increased 1.7% after net profit rose 23%. GAIL (India) Ltd rose after net profit increased 29.5%. Fortis Healthcare Limited gained 1.4% after net profit surged four-fold. T.V. Today Network Ltd. plunged 4% after net loss of Rs 7.6 crore.

Shanghai Stocks Fear Rate Hike; HK Rallies on U.S. Stimulus

Devan Biswas
03 Nov, 2010
New York City

Stocks in mainland China declined but in Hong Kong increased on the prospects of more stimulus in the U.S. Resource stocks in Shanghai declined on the ongoing rate and tightening worries after the People

Yen Declines, BoJ Decision Awaited

Devan Biswas
03 Nov, 2010
New York City

Tokyo markets are closed today but the yen traded lower from its recent 15-year high in London and other markets. Stocks declined in yesterday

Stocks Climb on the Prospects of Republican Gains; Dollar Drops

Bikram Pandey
02 Nov, 2010
New York City

U.S. stocks rose on the prospect of a landslide win by the Republican Party. The dollar declined on the prospect of gridlock in Washington. Oracle agreed to acquire Art Technology for $1 billion. India and Australia raised interest rates.

Oracle Offers $1 Billion for Art Technology

Devan Biswas
02 Nov, 2010
New York City

Oracle Corp agreed to acquire e-commerce software Art Technology for $1 billion. The acquisitive database software added its ninth target for the year as it expands into Internet and telecom application software.

U.S. Movers: BP, Expeditors International, Energizer, MEMC

Bikram Pandey
02 Nov, 2010
New York City

BP plc gained after it reported third quarter revenues increased 10%. Energizer Holdings, Inc. plunged after quarter sales drifted lower. Expeditors International of Washington, Inc quarterly sales and earnings surged more than 60%.

FTSE Rises 1.1%; Construction Activity Slumps; Imperial Tobacco Net Soars

Arthi Gupta
02 Nov, 2010
New York City

The UK indexes rose on strong earnings. The UK construction activity fell to an 8-month low in October. Irish manufacturing sector expanded but consumer sentiment deteriorated to 17-month low in October. BP net plunged on $7.7 billion pre-tax charge related to the Gulf of Mexico oil spill.

Euro-zone Manufacturing Rebounds; Romania Retained Key Rate

Arthi Gupta
02 Nov, 2010
New York City

The European indexes gained after euro area manufacturing activity improved in October. Romania Central Bank retained key rate at 6.25%. German manufacturing sector expanded and machinery orders surged. French manufacturing PMI dipped in October.

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