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Euro Area Inflation Slackens; Employment Flat

Arthi Gupta
15 Sep, 2010
New York City

The European indexes declined after euro-zone inflation slowed in August and employment remained static in the second quarter. The OECD urged Turkey for withdrawal of monetary stimulus. The IMF noted Greek fiscal consolidation program on track.

Import Prices Up; Mortgages Applications Fall

Arthi Gupta
15 Sep, 2010
New York City

U.S. stocks traded lower after import prices rose 0.6% in August and mortgages applications fell for a second consecutive week. ACE agreed to acquire Rain and Hail for $1.1 billion. HealthSouth reaffirmed its annual earnings outlook.

7-Day Rally in Sensex; Exports Climb 23%

Chandrasekhar Atreya
15 Sep, 2010
New York City

Stocks in India continued to rally for the seventh day in a row. Cairn India seeks approval from shareholders for Vedanta deal in its AGM. Indirect tax collections surge 45% in the first five months of this fiscal.

Sustained Direct Investments in China

Chandrasekhar Atreya
15 Sep, 2010
New York City

Stocks in China fell but in Hong Kong gained marginally. Foreign direct investment in China surged 18% to $66 billion. Exchange of new car for old program lifted auto sales in the first eight months.

Nikkei Gains on Forex Intervention in Tokyo

Chandrasekhar Atreya
15 Sep, 2010
New York City

Stocks in Japan surged more than 2% after the government intervened in the foreign exchange market. Prime Minister Kan plans to reshuffle the cabinet and change the DPJ executives later this week. Convenience store operator Lawson plans to open 130 stores in China.

Sydney Rallies; Record Home Starts

Chandrasekhar Atreya
15 Sep, 2010
New York City

Stocks in Australia rallied to a four-month high following Japanese intervention to stem the surging yen. Consumer confidence index declined in September. June quarter saw the largest jump of new dwellings in more than six years. Queensland plans to link to hydroelectric energy from Papua New Guinea.

U.S. Stocks Struggle; Gold Rallies 2%

Bikram Pandey
14 Sep, 2010
New York City

U.S. stocks traded sideways after a moderate increase in retail sales and budget deficit narrowed in August. The U.S. dollar dropped and the yen reached a new 15-year high. Gold surged 2.2%. Cliff Natural Resources Inc, the largest iron ore producer in North America dropped 5%.

UK Inflation 3.1%; Consumer Confidence Rises

Arthi Gupta
14 Sep, 2010
New York City

The UK indexes declined after inflation remained at 3.1% but consumer confidence rebounded in August and home prices rose in July. The BoE policy maker Weale noted the British economy is recovering but employment may lag increase in private sector output.

Best Buy, Kroger Rise, Cliff Natural Drops

Devan Biswas
14 Sep, 2010
New York City

Stocks in New York traded higher. BestBuy Company surged 6% after net soared 61%. The Kroger Co increased 2% after revenues gained 6%. Schiff Nutrition International gained more than 8%.

German Investor Confidence Slumps

Arthi Gupta
14 Sep, 2010
New York City

The European indexes fell after German investor confidence plunged in September. Euro-zone industrial production static in July and labor cost growth slackened in the second quarter. French inflation eased in August.

U.S. Retail Sales Up; Budget Deficit Narrows

Arthi Gupta
14 Sep, 2010
New York City

U.S. stocks gained after retail sales rose 0.4% and budget deficit narrowed to $90.5 billion in August. MedAssets agreed to buy Broadlane Group for $850 million. Churchill Downs agreed to acquire Harlow''s Casino Resort & Hotel for $138 million.

Sensex Bull Run in India

Chandrasekhar Atreya
14 Sep, 2010
New York City

Stocks in Mumbai gained for a sixth trading day and the index is up 21% in the last four months. India starts reporting inflation series from August. Rupee strengthens for a fourth day in a row. Wind power maker, Suzlon plans expansion in China.

Robust New Home Sales in Shanghai

Chandrasekhar Atreya
14 Sep, 2010
New York City

Stocks in China region traded marginally higher after in a volatile trading searching for a direction. Sales of new homes in Shanghai rose for the third week in a row and home loans dropped for the first time in August. First half investment in seven strategic industries surges 67%.

Nikkei Drops; DPJ Reelects Prime Minister Kan

Chandrasekhar Atreya
14 Sep, 2010
New York City

Stocks in Japan dropped marginally after yen hovered near the 15-year record high. The ruling party elected Naoto Kan ending the two month of uncertainties. New condo sales in Tokyo surged 18.5% in August and increased in western Japan.

Sydney Gains; Wheat Crop Estimate Lifted

Chandrasekhar Atreya
14 Sep, 2010
New York City

Stocks in Australia gained moderately led by mining stocks. Business confidence index surged to a 4-month high in August but still below the record in July a year ago. Wheat output and exports are estimated to surge on good rains. Gillard takes oath as Prime Minister.

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