Aug 31, 2012 4:25 PM ET
U.S. indexes traded higher after Fed Chairman Bernanke laid out a case for additional stimulus but did not offer specific steps. He also highlighted that elevated unemployment is likely to persist. Broader market averages in New York gained for the third month in a row.
Aug 31, 2012 3:47 PM ET
Fed Chairman offered a forceful case for additional measures to support economic growth and improve labor markets but fell short of specifics and a clear timetable. Markets are anticipating news measures to kick in at the next meeting on September 12.
Aug 31, 2012 11:47 AM ET
Market indexes in Tokyo traded lower and the benchmark index fell to a one-month low after industrial production declined in July. The consumer price index barely increased stoking fears of deflation. Machinery makers fell for the second week on the worries of falling orders from mining companies.
Aug 31, 2012 11:10 AM ET
Esterline Technologies reported quarterly loss. Gordmans Stores net jumped 21% on flat comparable sales. OmniVision net tumbled 95% and SAIC net plunged 38%.
Aug 31, 2012 10:52 AM ET
Australian stocks were generally quiet as the earnings season winds down and investors await the release of economic data from China this weekend. Resource sector stocks were in focus on the prospect of profit decline. Harvey Norman, the retailer reported full-year net declined.
Aug 31, 2012 10:31 AM ET
The UK market indexes advanced and consumer confidence index remained unchanged and home prices declined in August. Computacenter first-half group revenue rose 4.2% to £1.42 billion. Restaurant Group said first-half revenues increased 7% and adjusted net rose 7.5%.
Aug 31, 2012 9:55 AM ET
U.S. indexes shot up at the opening on the prospect of new actions from the ECB. Investors are focused on the world meeting of central bankers where the Federal Reserve Chairman Ben Bernanke is scheduled to speak later today. SAIC planned to separate into two publicly traded companies.
Aug 31, 2012 9:42 AM ET
Essilor revenue climbed 23% and profit advanced 16.4% in the first-half. Lagardere first-half net income rose to €36 million but Vivendi plunged.
Aug 31, 2012 9:34 AM ET
The European indexes were generally flat after inflation in the region rose to 2.6% and jobless rate inched up to a record high of 11.3%. Spanish current account deficit fell in June but net capital outflow from the banking system accelerated.
Aug 31, 2012 9:13 AM ET
Euro zone inflation climbed to 2.6% in August. Jobless rate in the euro area rose to a record 11.3%, German retail sales declined unexpectedly and Italian jobless rate stable in July.