Apr 27, 2012 10:14 AM ET
Stocks in Tokyo closed down after an early rally faded. Bank of Japan expanded its risky asset purchase program by $124 billion as anticipated. Softbank surged more than 3% after it hiked dividend and reported a surge in operating profit.
Apr 27, 2012 9:25 AM ET
Stocks in Australian edged lower after international worries overshadowed domestic news. Sundance Resources gained after it signed a deal with Cameroon government. The troubled printer PMP may pursue a highly conditional offer.
Apr 27, 2012 7:54 AM ET
The latest release of the confidence data offered another evidence of economic slowdown and Spain said unemployment soared to 24.4%, the highest in the region. Bond yields of Spain and Italy advanced for the second week in a row as the governments race to complete 60% of annual debt target.
Apr 27, 2012 7:47 AM ET
The European indexes advanced and yields for Spanish and Italian bonds rose. Ireland-based Jazz Pharmaceuticals agreed to acquire EUSA Pharma for $700 million. Earnings at BASF fell 29% but Daimler AG net rose 29% and Sanofi SA net jumped 50%.
Apr 26, 2012 4:12 PM ET
U.S. investors focused on positive earnings and the number contracts to buy homes increased. However, initial claims of weekly unemployment were flat in the last week and weak earnings from Pepsi, UPS, Dow Chemical and Aetna kept market gains in check.
Apr 26, 2012 12:16 PM ET
Aetna first quarter net slipped 13% to $511 million and Bristol-Myers net increased 12% to $1.1 billion. Chrysler first quarter net quadrupled to $473 million. Colgate first quarter net rose 3% on sales rise. Dow Chemical first quarter net declined 30% on weak demand. PepsiCo net fell.
Apr 26, 2012 10:23 AM ET
Stocks in Japan were in a holding pattern as the earnings season began in earnest and ahead of central bank comments tomorrow. Fanuc plunged 6% after it estimated 3% decline in operating profit for the six months to September.
Apr 26, 2012 9:56 AM ET
Australian indexes gained a fraction and media stocks declined after Seven West Media lowered its profit outlook. Mining stocks were in focus after Caterpillar reported sales weakness in China.
Apr 26, 2012 9:52 AM ET
U.S. indexes declined after new unemployment claims fell 1,000 to 388,000. H&R Block planned to eliminate 350 positions and close 200 underperforming offices. Colgate-Palmolive earnings improved 3% in the quarter but Exxon Mobil quarterly net fell.
Apr 26, 2012 9:04 AM ET
The euro zone confidence index declined in March after additional weakness in the service sector. Italian treasury sold €8.5 billion of short term bonds that yielded 1.77%. Sentiments in Portugal and UK improved.