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U.S. Private Sector Jobs Shrink; Refi Index Up

Arthi Gupta
01 Sep, 2010
New York City

U.S. stocks gain after private sector employment fell 10,000 in August and mortgage applications rose for a fifth week in a row. 3M proposed to acquire Attenti for $230 million. BP agreed to sell Malaysian operations to Petronas for $363 million.

Sensex in India Up 1.3%; Deficit Surges 42%

Chandrasekhar Atreya
01 Sep, 2010
New York City

Stocks in Mumbai traded sharply higher after exports increased 13.2% and trade deficit expanded 42%. July exports increased 13.2% and imports soared 34.3%. Rupee gained. Manufacturing index showed a smaller than expected growth. Nalco looks for investment in Indonesia.

Nikkei Gains; DPJ Leadership Race Tightens

Chandrasekhar Atreya
01 Sep, 2010
New York City

A better-than-expected Chinese manufacturing and GDP expansion in Australia helped the benchmark index in Tokyo. The two-week leadership race for the ruling party began today. Car subsidies may end earlier than the deadline set by the government.

Stocks in China Decline, Manufacturing Expands

Chandrasekhar Atreya
01 Sep, 2010
New York City

Stocks in China fell while those in Hong Kong rallied. New home sales are set to begin in September, the traditional high season for purchases. First-half income of mainland listed companies jump 41%.

Sydney Stocks Rally 2.1%; GDP Up 1.2%

Chandrasekhar Atreya
01 Sep, 2010
New York City

Stocks in Australia rallied after the GDP expanded at the fastest pace in three years at 1.2%. Exports rose 5.6% in the quarter and added 1.1 percentage point to the expansion. Manufacturing index increased at a slower pace in August. Paladin targets uranium exports to China.

Dow Down 4%; Gold Up 5.6%

Bikram Pandey
31 Aug, 2010
New York City

U.S. stocks traded sideways and crude oil and copper declined. For the month, the Dow declined 4% and the Nasdaq index fell 6%. Gold increased 5.6% and crude oil declined nearly 9%. Market index in Japan declined 7.5% in August as the yen rallied 6%.

RiM, Winn-Dixie Fall; Saks Surges

Bikram Pandey
31 Aug, 2010
New York City

U.S. stocks traded sideways after the confidence index inched higher. Research In Motion Ltd declined more than 2%. DSW Inc declined after second quarter net doubled. Dollar General Corp declined after second quarter net soared 51%.

UK Mortgage Lending Rises; Grafton Advances

Arthi Gupta
31 Aug, 2010
New York City

The UK indexes slid after consumer confidence rose in August. The UK M4 money supply growth eased, mortgage approvals rose and lending fell in July. Endeavour International agreed to sell Cygnus asset for $110 million.

Australia Stocks Fell; Retail Sales Rise

Chandrasekhar Atreya
31 Aug, 2010
New York City

The benchmark index in Australia fell more than 1% ignoring positive economic data and tracked losses in Japan and international markets. Retail sales and building approvals rise in July. Gross operating profits at companies rises in second quarter. Perth records the second driest winter on record.

Euro Area Jobless Rate at 12-Year High

Arthi Gupta
31 Aug, 2010
New York City

The European markets declined after euro-zone inflation eased to 1.6% in August. The euro area unemployment rate rose to a twelve-year high in July. The OECD annual inflation increased in July. German jobless rate remained stable at 7.6% in August.

Nikkei Plunges 3.6%; Retail Sales Rise

Chandrasekhar Atreya
31 Aug, 2010
New York City

Stocks in Japan plunge to the year-to-date low and for the month dropped 7.5%. Industrial output, retail sales, and housing starts rise in July. JAL submits a rehab plan to the court. Monthly wages increased 1.3% in July.

China Stocks Drop; Banks Report Profit Surge

Chandrasekhar Atreya
31 Aug, 2010
New York City

Stocks in China region fell after a report said personal incomes fell in the U.S. Profits of large and midsize steelmakers in China slumped in July. First half profits at Guangzhou Auto surged three-fold.

GDP in India Expands at 8.8%

Chandrasekhar Atreya
31 Aug, 2010
New York City

India reported GDP in the fiscal first quarter ending in June expanded at the fastest rate in ten quarters. The growth in manufacturing and mining industries led the expansion as exports growth trailed the domestic consumption.

U.S. Stocks Drop; Winn-Dixie Net Up

Arthi Gupta
31 Aug, 2010
New York City

U.S. stocks trade lower on worries of slowdown in global economic recovery. Obama urged Senate to approve small business bill. HSBC finalized auto loan portfolio to Santander for $3.56 billion. Hewlett-Packard agreed to pay $55 million to settle kickbacks case.

U.S. Indexes Drop 1.3%; European Markets Weak

Bikram Pandey
30 Aug, 2010
New York City

U.S. stocks traded lower after person income and spending data were lower than estimated. Talks of more stimulus and emergency lending from the Bank of Japan lifted market indexes in Japan. Wheat surged on weather conditions in Europe.

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