Jul 08, 2009 9:16 AM ET
Japan stocks fell sharply as yen strengthened and seasonally adjusted private sector orders in May fell. The current account in the month also declined 34.3% as exports fell 42%. Machinery companies declined after the release of orders data.
Jul 08, 2009 8:33 AM ET
Australian stocks recovered from 1.5% loss after the release of consumer confidence. The home loan approvals increased 2.2% in May as first-time home buyers were encouraged with government grants. CBH Resources announced a recap plan with A$40 million loan from its largest shareholder Toho Zinc.
Jul 08, 2009 7:57 AM ET
Mumbai stocks dropped tracking losses in global markets. Worries of rising debt dragged rupee to a 2-month low. Exports in June fell at a slower pace of 29% after falling at 33% in March and April. Educomp Solutions raised $100 million and stocks plunged 10%.
Jul 07, 2009 6:30 PM ET
U.S. markets closed sharply lower ahead of earnings season. Technology, energy and industrial stocks led the decliners. European auto sales declined at a slower pace in June. Australia left its key rate unchanged at 3%.
Jul 07, 2009 2:53 PM ET
European markets closed lower on the worries that recovery will be slower and the global economic conditions are expected to remain weak. The worldwide auto sales of Mercedes Benz and BMW declined at a slower pace in June and PSA Peugeot Citroen sales fell 14% in the first half.
Jul 07, 2009 2:04 PM ET
The UK stocks edged lower on weak commodities and energy prices. The pound fell declined against dollar after the British Chamber of Commerce said that the Bank of England expands the asset purchase program beyond £150 billion.
Jul 07, 2009 1:10 PM ET
Discover Financial Services led the decliners in the S&P 500 index with a loss of 10.4%. International Speedway Corp swings to second quarter loss on charges. Vimicro International Corp slips to loss in first quarter.
Jul 07, 2009 11:20 AM ET
Stocks in Australia traded sideways ahead of earnings season. The Reserve Bank of Australia left its key lending rate at 3% and offered optimistic outlook for the domestic economy. Energy and materials related stocks edged lower.
Jul 07, 2009 10:29 AM ET
Japan investors stayed on the sidelines as the prospects of a speedy global recovery looks less and less likely. Bank of Japan in its latest regional survey indicated that economic conditions are severe in most regions but they appear to stabilize.
Jul 07, 2009 6:18 PM ET
Infrastructure companies rebounded a day after a sharp sell-off in India. Reliance Industries, Reliance Natural and central government are required to respond to the Supreme Court before July 20. Automakers increased after the government increased road construction budget by 23%.