Chandrasekhar Atreya
07 Oct, 2010
New York City
Indian stocks fell sharply after the latest stubborn inflation data. The rupee edged higher the dollar declined all major currencies. IMF raises the GDP forecast for India to 9.7%. Cairn Energy seeks shareholder approval for Vedanta offer. Tea output drops in August due to pest attacks.
Chandrasekhar Atreya
07 Oct, 2010
New York City
Stocks in Japan moved in a very narrow range to close little changed pulled by the opposing movements of a stronger yen and easing on monetary policy. Foreign exchange reserve reaches a new record in September. Ruling party in Japan unveils the final stimulus plan.]
Chandrasekhar Atreya
07 Oct, 2010
New York City
The Australian dollar gained more than 1% after the jobs report and the U.S. dollar weakness across all major currencies. The Aussie dollar surged to 27-year high and has rebounded 50% in the last two years. Construction activity and job vacancies drop in September.
Bikram Pandey
06 Oct, 2010
New York City
U.S. stocks closed mixed in a volatile trading but the Nasdaq declined. The U.S. dollar fell to an 8-month low and gold and silver reached new highs. European investors are increasingly worried that the sustained rise in the euro will affect exports. China voiced its concern on the rise in the yuan.
Arthi Gupta
06 Oct, 2010
New York City
The UK indexes rose on hopes of global economic recovery. Fitch downgraded Irish debt ratings with negative outlook. Irish consumer confidence fell in September. The UK shop price inflation rose to 5-month high. GE 750 pence a share takeover bid rejected by Wellstream Holdings.
Arthi Gupta
06 Oct, 2010
New York City
The European indexes gained after German factory orders accelerated in August and construction PMI rose in September. Euro-zone GDP growth confirmed at 1% for the second quarter. The IMF estimated euro area growth around 1.7% this year.
Bikram Pandey
06 Oct, 2010
New York City
Acuity Brands surges more than 8% after quarterly sales increased 5%. Monsanto Company increases 2.5% after quarterly sales increase and net loss narrows. Diamond Foods Inc plunges 8% after income gained less than expected.
Arthi Gupta
06 Oct, 2010
New York City
U.S. stocks traded sideways after private sector employment unexpectedly fell in September. The OECD raised second quarter GDP growth outlook. Johnson & Johnson agreed to buy rest of Crucell for $2.4 billion and GE agreed to acquire Dresser for $3 billion.
Chandrasekhar Atreya
06 Oct, 2010
New York City
In a broad rally, the benchmark index in Mumbai gained 0.7%. Vedanta secures enough bauxite form Gujarat for its refinery in Orissa. Handicrafts exports in August jumped 22%. Coal India public offering will not need anchor investor. India approves 10% disinvestment in Shipping Corp of India.
Chandrasekhar Atreya
06 Oct, 2010
New York City
Stocks in Japan rallied for a second day and rose 1.8% to reach a two-month high led by financial and property stocks. Sale of imported cars rises in the first half by 35% to cross 100,000 units. Toyo acquires Canada based Tri Ocean Engineering.
Chandrasekhar Atreya
06 Oct, 2010
New York City
Australian shares soared today pushing the benchmark index to its five-month high led by miners and bankers. There were more overseas travelers in the year to August helped by the stronger dollar. Queensland premier plans to push for import of hydrocarbons from Papua New Guinea next week.
Bikram Pandey
05 Oct, 2010
New York City
U.S. stocks rallied after the rate cut in Japan and Australia left its view on rates on hold. Also the global service index showed an expansion and the decline in the dollar spurted gold and silver to record levels. Crude oil closed at five-month high. Europe, Canada, Japan and Brazil closed higher.
Arthi Gupta
05 Oct, 2010
New York City
The UK indexes closed higher tracking gains in the U.S. and European markets. UK government net reserves rose in September. Moody
Bikram Pandey
05 Oct, 2010
New York City
American Express declined after it decided to challenge the Justice Department suit. Visa and MasterCard gained after they settled the suit with the agency. The Talbots, Inc. dropped more than 12% after it offered earnings outlook that was lower than expected.
Arthi Gupta
05 Oct, 2010
New York City
The European indexes gained after euro area retail sales fell 0.4% in August and private sector growth slowed in September. German service sector growth faltered in the month and French service sector activity growth eased.
