Arthi Gupta
08 Oct, 2010
New York City
The UK indexes slid after GDP growth slackened in the third quarter. The UK producer prices rose and home price inflation eased in September. Sempra and RBS agreed to sell its commodities trading venture to JPMorgan for $220 million.
Bikram Pandey
07 Oct, 2010
New York City
World financial markets are focused on the fate of the dollar after this weekend meeting. The dollar rebounded today but stocks and bonds struggled. The U.S. Treasuries yielded record low rates. Central banks in Europe and UK left rates on hold.
Devan Biswas
07 Oct, 2010
New York City
U.S. stocks edged lower as the dollar bounced around. Retailers traded higher after the September same store sales were ahead of expectations. Abercrombie & Fitch and American Eagle Outfitters and Dillard gained. Immucor, Inc plunged 18% after it reported flat earnings.
Arthi Gupta
07 Oct, 2010
New York City
The UK indexes rose after the BoE held key rate at 0.5% and quantitative easing at
Arthi Gupta
07 Oct, 2010
New York City
The European indexes gained after German industrial production accelerated in August. The ECB retained key rate at 1% for the seventeenth straight month. The EU outlined future financial sector taxation plans. French trade deficit widened in August.
Arthi Gupta
07 Oct, 2010
New York City
U.S. stocks traded sideways after weekly jobless claims fell 11,000 to 445,000. Robbins & Myers agreed to buy T-3 Energy for $422 million. Marathon inked deal to sell majority of Minnesota downstream assets for $900 million. PepsiCo revenue surged 40% to $15.5 billion.
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.
