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U.S. Unemployment Rate at 9.6%

Arthi Gupta
03 Sep, 2010
New York City

U.S. stocks rose after non-farm payrolls fell 54,000 in August. Emerson completed acquisition of Chloride for $1.5 billion. Goldcorp agreed to buy Andean Resources for C$3.6 billion. Disney and Time Warner Cable signed deal for digital video services.

Mumbai Stocks Trade Sideways

Chandrasekhar Atreya
03 Sep, 2010
New York City

Stocks in Mumbai traded sideways. Bajaj Auto reported record monthly August sales. Motorcycles and auto sales surged in August as consumers take advantage of low interest rates. HPCL plans to invest in a crude oil refinery in Raigad, Maharashtra.

Shanghai Land Acquisitions Quadruples in August

Chandrasekhar Atreya
03 Sep, 2010
New York City

Stocks in China fell but in Hong Kong rallied near close. Land acquisitions almost quadruple in Shanghai in August. Ping An plans to consolidate its banking arm. GM

Weekly Rise in Japan in Five Weeks

Chandrasekhar Atreya
03 Sep, 2010
New York City

Stocks in Japan rallied for a third day this week and close up in a week in more than a month. Capital expenditure in the quarter to June declined. August monetary base rises in Japan. U.S. auto sales of Toyota dropped 34% and Honda plunged 33%.

Weekly Gain of 4% in Sydney

Chandrasekhar Atreya
03 Sep, 2010
New York City

Stocks in Australia rallied to push the weekly gain of 4%. New vehicles sales rose 12.1% in August. Qantas loses it appeal against a Federal Court ruling. Newcastle port has longer waiting list of ships to be loaded.

U.S. Stocks Rise Ahead of Jobs Report

Bikram Pandey
02 Sep, 2010
New York City

U.S. stocks searched for direction after weekly jobless claims fell and the index pending home sales increased in July. Europe left its rate on hold and Sweden raised rates. Stocks in Japan and Asia closed higher. Burger King agreed to go private and Hewlett Packard won the bid for 3PAR.

3PAR, Nordstrom, Harry Winston Rise

Devan Biswas
02 Sep, 2010
New York City

U.S. stocks traded higher. 3PAR increased after Dell did not match the revised offer from HP. Retailers scaled higher after August same store sales increased more than expected. Burger King Holdings surged 25% after it accepted buyout offer.

UK Home Prices; Construction Decline

Arthi Gupta
02 Sep, 2010
New York City

The UK indexes dropped after the UK construction activity slowed and home prices fell in August. Tullow acquired 50% stake in Kenya and Ethiopia basins from Africa Oil Corp. European Central Bank left its rates at 1% and Sweden raised rate to 0.75%.

Euro-zone GDP Expands 1%; Rate on Hold

Arthi Gupta
02 Sep, 2010
New York City

The European indexes fell after the ECB left key rate unchanged at 1%. Euro-zone GDP expanded 1% in the second quarter and wholesale inflation rose 0.2% in July. French unemployment rate declined 9.3% in the second quarter. Sweden raised interest rates to 0.75%.

U.S. Jobless Claims; Productivity Drop

Arthi Gupta
02 Sep, 2010
New York City

U.S. stocks trade sideways after weekly jobless claim fell 6,000 to 472,000 and productivity declined 1.8% in the June quarter. India demanded Google, Skype, and RIM set up local servers. Orexigen and Takeda in $50 million deal to develop and commercialize obesity drug.

Sensex Up 0.2%; Record Sales at Bajaj Auto

Devan Biswas
02 Sep, 2010
New York City

Stocks in Mumbai trading closed higher after international markets surged. The Sensex closed up 0.2%. Gold traded up but demand dwindled on record high prices. Bajaj Auto Ltd reported record monthly sales in August.

Global Markets Rally; U.S. Auto Sales Drop

Marcus Jacob
01 Sep, 2010
New York City

World stocks rallied after the surprise increase in U.S. manufacturing index and China manufacturing edged up and Australia

S&P 500 and Nasdaq Up 2.7%

Bikram Pandey
01 Sep, 2010
New York City

U.S. stocks surged after manufacturing index showed a surprise growth and small but still an expansion in China. Commodities linked Australian economy registered 1.2% growth. Investors are awaiting monthly jobless data and rate report on Friday.

Burger King, Netflix, Joy Global Rise

Devan Biswas
01 Sep, 2010
New York City

Brown Forman Corp dropped 6% after the maker of spirits and vodka reported lower than expected earnings. G-III Apparel Group Ltd reported higher than expected earnings. Netflix Inc soared 5%. Burger King Holdings Inc soared 10%.

FTSE Soars 2.3%; Manufacturing Plunges

Arthi Gupta
01 Sep, 2010
New York City

The UK indexes traded higher after positive global economic data. The UK manufacturing growth plunged to nine-month low in August. Irish live register of total unemployment rose for the sixth month in a row to August, manufacturing slackened in August and retail sales fell in July.

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