Apr 11, 2012 7:32 AM ET
U.S. indexes halted a losing streak of five days after Alcoa Inc reported better than expected earnings. Home builders surged on the expectations of higher earnings and banks gained ahead of earnings. Natural gas prices fell below $2 mark for the first time since January 2002.
Apr 11, 2012 11:32 AM ET
The UK indexes closed higher led by mining and banking stocks. UK retail sales and Irish construction activity and sentiment climbed in March. Barclays was in focus of excessive chief executive pay.
Apr 11, 2012 11:23 AM ET
Alcoa Inc reported better than expected quarterly profit and reaffirmed global demand for aluminum to grow 7% in 2012. Adtran first quarter net tumbled to $13 million. Progressive Corp. first quarter net dropped 29% to $257.6 million. Titan Machinery fourth quarter revenue surged 65%.
Apr 11, 2012 10:52 AM ET
U.S. indexes reversed to gains on Wednesday and import prices rose more than estimated in March. Alcoa quarterly net plunged 69% but surprised investors with a profit. Owens-Illinois jumped 10% after it lifted earnings outlook.
Apr 11, 2012 10:01 AM ET
German wholesale price index and Hungarian annual inflation slowed in March. Spanish industrial output dropped and Estonian deficit widened in February.
Apr 11, 2012 9:56 AM ET
The European indexes rebounded but German bond auction failed to meet expectations and bond yields of Spain and Italy fell. Germany raised €3.87 billion and Italy raised €11 billion from bond auctions today. Nokia cuts outlook for the first quarter. Automakers report strong monthly sales.
Apr 11, 2012 8:23 AM ET
The benchmark Nikkei index in Tokyo extended losses for the seventh day totalling 6.2%. Machinery orders jumped in February and the yen strengthened. Bank lending rose in March as reconstruction drive loans demand.
Apr 11, 2012 7:55 AM ET
Australian stocks drifted lower for the fourth day in a row as investors focused on the euro zone worries and coal prices continue to drift lower. BHP Billiton announced investment plan of $708 million for its Gulf of Mexico project in partnership with Chevron.
Apr 10, 2012 4:00 PM ET
U.S. stocks fell for the fifth day in a row and indexes lost more than 1% today and extended losses to 4% in the period. Euro zone debt crisis resurfaced as yields surge to a high for the year. Best Buy Co said CEO Brian Dunn resigned and Sony Corp declared annual loss for the fourth year in a row.
Apr 10, 2012 12:56 PM ET
The UK indexes declined more than 2% after the leading economic index for the UK rose but Irish manufacturing fell in February Home price balance for the UK improved in March.