Nov 05, 2009 6:11 PM ET
Stocks in Australia fell on the worries that elevated energy prices will affect corporate profits. Transurban Group surged 19% after it rejected Canadian offer that undervalued the company. Australia’s trade deficit rises 12% to A$1.8 billion in September. New Zealand unemployment jumps to 6.5%.
Nov 05, 2009 5:48 PM ET
U.S. stocks surged after reports on productivity and weekly jobless claims pleased investors. CVS plunged after it reported larger than expected client losses at its pharmacy benefit division. Hyatt and Ancestry.com IPO close up. Cisco outlook powered tech stocks with the Nasdaq index up 2.4%.
Nov 05, 2009 4:11 PM ET
Tax collection in India increased 3.9% in the first seven months in fiscal year indicating rising income of corporations and individuals. Wireless telecoms rebounded on the talks of lower connection fees. Larsen & Toubro unit and Patni are in merger discussion.
Nov 05, 2009 3:34 PM ET
The ECB left its key lending rate unchanged at 1% and indicated a gradual winding of various direct lending programs. Deutsche Telekom third quarter net profit rises 7.2%. Enel SpA third quarter net profit fell 43%. BNP Paribas third quarter profit rose 43%. Ubisoft SA surged on annual outlook.
Nov 05, 2009 5:09 PM ET
The Bank of England left its key lending rate unchanged at 0.5% and increased the Treasury bond purchase plan by £25 billion. Cable & Wireless dropped after it plans to split into two separate companies. Vedanta Resource fell. Invensys Plc dropped on weaker than expected sales.
Nov 05, 2009 1:46 PM ET
CVS Caremark Corporation led the decliners in the S&P 500 index with a loss of 19.4%. Whole Foods plunged 15% after it reported weaker than expected earnings. Children’s Place Retail increased after it reported monthly sales increase. Cisco System gained 2.6% on positive outlook.
Nov 05, 2009 2:05 PM ET
U.S. stocks edged higher after the weekly jobless claims declined 20,000 in the last week and productivity increased at the fastest pace of 9.5%. Cisco, Whole Foods and Research in Motion traded higher. The Bank of England and the ECB left their rates unchanged.
Nov 04, 2009 6:36 PM ET
Japanese automakers reported a rise in U.S. sales in October but lagged the gains of Korean makers. Japan is expected to keep stricter lending rules and maintain accommodative monetary policy. Japan Steel Works surged on estimating annual profit compared to a loss a year ago.
Nov 04, 2009 6:05 PM ET
World Bank estimated that China is expected to meet its 8% economic expansion target supported by the government stimulus. Gold miners close higher on a rise in gold. Casino stocks surged after Macau casino revenues surged 42% in October.
Nov 04, 2009 5:25 PM ET
Australian retail sales fell 0.2% in September and building approvals increased 2.7%. Service industry expands in October. Westpac warns of credit crunch and second half profit declined 10% to A$2.33 billion. Gold miners surged as gold closes at a record high.