May 22, 2009 4:35 PM ET
U.S. bond market yields increased as the U.S. government plan to raise $162 billion next week. The yield curve may change if investors do not like the health of the economy as the U.S. prepares to raise $3 trillion in the next eighteen months. Gold stays above $960 and crude oil above $61 a barrel.
May 22, 2009 4:13 PM ET
European markets were focused on the euro-dollar relationship. The prospect of stronger euro will lower earnings. More investors are forecasting the loss of top rating for dollar. European nations are also running high deficits as economies slow in Germany, Spain, France and Italy.
May 22, 2009 2:48 PM ET
UK first quarter GDP shrink was left unchanged at 1.9%. Manufacturer preferred to liquidate inventories and conserve cash and consumer spending declined. The GDP declined 4.1% from a year ago. UK miners closed higher after Goldman Sachs speculated capacity constraints for copper and iron ore miners.
May 22, 2009 12:51 PM ET
Australian stocks declined on the weakness in mining and energy stocks. Gold linked stocks closed higher as gold price increased. The rising national debt in the U.S. and UK added strength to Australian dollar.
May 22, 2009 11:49 AM ET
Salesforce.com, Inc led the decliners in the S&P 500 index of 10.3%. Aeropostale, Inc first quarter profit rises 81%. Nordson Corporation second quarter profit declines. Sears surged after it reported unexpected quarterly profit.
May 22, 2009 4:17 PM ET
Investors overlook positive comments from the Bank of Japan after it left its key lending rate unchanged. The prospect of near term downward debt rating for UK and longer term for the U.S. raised worries that higher yen will lower earnings of Japanese exporters.
May 22, 2009 9:34 AM ET
The beverages maker net quarterly sales declined 3% to $1.26 billion. Net quarterly profits surged 39% to $132 million. Earnings per share rose to 52 cents from 38 cents a year-ago quarter. The company generated $178 million of cash from operations and repaid $155 million of debt in the quarter.
May 22, 2009 8:39 AM ET
Infrastructure, construction and petroleum stocks closed higher as investors hope faster economic reforms. Talks of partial deregulation of petrol and diesel prices gained momentum. ITC profit increased 10% and NTPC net surged 58%. Rupee gained against dollar and euro.
May 22, 2009 3:44 AM ET
The home improvement chain first quarter sales were down 9.7% at $16.18 billion due to average ticket being down 8.2% at $52.67. Profit climbed 44% to $514 million. Earnings per share for the first quarter of fiscal 2009 were 30 cents, as against 21 cents a year ago.
May 22, 2009 3:39 AM ET
The fashion retailer first quarter sales increased marginally to $3.64 billion with comp store sales falling by 4.2% and net income for the quarter dropped by 10% to $137.0 million. EPS for the quarter was $0.45, compared to $0.49 last year