Jun 14, 2012 9:22 AM ET
Japanese stocks extended losses as foreign investors sold stocks bonds for the eighth week and added bonds for the third week. Exporters and resource stocks declined after interest rates on Italian and Spanish bonds rose.
Jun 13, 2012 4:24 PM ET
U.S. indexes failed to hold on to marginal gains and dropped 1% in the afternoon. Retail sales declined for the second month in a row and investors worried about the Italian debt auction tomorrow. Crude oil fell and gold rose.
Jun 13, 2012 7:48 AM ET
Stocks in Tokyo traded higher in cautious trading supported by the purchases from Bank of Japan. Calendar of meetings dominated market sentiment and investors sought safety in defensive stocks. Machinery orders in Japan rose 5.7% in April.
Jun 12, 2012 4:02 PM ET
Wall Street turned higher and shook of early gloom as investors hunted for bargains. World Bank lowered the global economic growth to 3% in 2013. ING agreed to pay a record find of $619 million for violating sanctions placed for transactions linked to Cuba and Iran.
Jun 12, 2012 8:51 AM ET
Market sentiment in Tokyo trading was weak as investors worried that the latest Spanish bank bailout will not arrest the widening debt contagion in Europe. Retailers were in focus after government proposes to double consumption tax to 10% by 2014.
Jun 11, 2012 3:01 PM ET
Wall Street turned negative after early euphoria fades and the euro zone worries over power market sentiment. Crude oil and metals tracked lower and U.S. Treasuries yields declined. Apple Inc released new versions of its popular computers and widely anticipated 3D mapping application.
Jun 11, 2012 7:56 AM ET
Stocks in Tokyo advanced after European leaders wasted no time in approving the request for Spanish bailout. The swift approval to head-off the widening crisis lifted stocks at least for today but also shifted venue to Italy and Greece. Nikkei surged 1.9% and TDK, Canon and Mazda led the gainers.
Jun 08, 2012 4:21 PM ET
Stocks in New York traded higher on rising hopes of a speedy bank bailout in Spain. The S&P 500 index’s weekly gain was the best in the year so far. U.S. trade gap narrowed and German export declined for the first time in April and Italian output fell. Gold declined 2% in the week.
Jun 08, 2012 10:06 AM ET
Stocks in Japan plunged on global worries despite better than expected domestic economic data. The GDP in the final quarter of fiscal year ending in March increased 1.2% and current account surplus was lower than expected in April. The Nikkei halted nine week of losing streak.
Jun 07, 2012 4:01 PM ET
U.S. stocks lost steam in the final hour of trading and China cut rate unexpectedly and Spain completed the sale of long term bonds. The mood in New York turned cautious after tech stocks failed participate in the broader rally. Gold tumbled.