Dec 28, 2012 5:19 PM ET
U.S. indexes extended losses for the fifth day in a row as fiscal cliff is away three days. Market indexes dropped 1% as lawmakers gather for one last time to narrow budget differences. Crude oil price gained and base metal prices inched higher.
Dec 28, 2012 8:54 AM ET
The Nikkei index surged 23% in 2012 and its first gain in three years and best annual gain since 2005. The yen declined 12% against the dollar on the hopes that the recently elected government will conduct aggressive stimulus policies and demand Bank of Japan to set 2% inflation target.
Dec 27, 2012 11:44 AM ET
The Nikkei index extended gains as the yen dropped to a new 2-year low and the newly elected government prepares for aggressive stimulus. The Nikkei surpassed the high on the day before the 2011 earthquake and extended six week rally to 16% and the gains in the year to 22.2%.
Dec 26, 2012 10:57 AM ET
The yen dropped to a 20-month low and Shinzo Abe took the office of prime minister. Abe promised bold actions and demanded more actions from Bank of Japan. The yen dropped to a low last seen in 2011.
Dec 21, 2012 1:15 PM ET
The Nikkei index declined 1% after Asian markets sold off on the worries that U.S. lawmakers may not be able avoid differences and jeopardize anemic growth rate. The yen declined and resource sector stocks led the decliners.
Dec 20, 2012 4:55 PM ET
Stocks seesawed after lawmakers sparred but House Speaker Boehner sounded optimistic. Only 12-years old IntercontinentalExchange Group agreed to acquire NYSE Euronext Group for $8.2 billion and solidify its leadership in derivatives market and extend reach in Europe and challenge CME Group.
Dec 20, 2012 10:42 AM ET
Investors turned cautious and sold stocks and Bank of Japan expanded its asset purchase program but left it inflation target at 1%. The latest central bank action was widely anticipated.
Dec 19, 2012 5:15 PM ET
Market indexes in New York traded lower after protracted budget negotiations took a negative turn. General Motors soared 6% after it plans to repurchase 200 million shares from the U.S. government. Housing starts declined in November. Nikkei index in Tokyo surged 2.4%.
Dec 19, 2012 8:40 AM ET
The Nikkei index soared 2.4% and crossed 10,000 on the expectations of stimulus budget of as much as $110 billion and the Bank of Japan starts a two-day meeting under an intense political pressure to purse easier monetary policy.
Dec 17, 2012 5:11 PM ET
Stocks on Wall Street gained on the progress in budget negotiations however lawmakers cautioned that a deal may be sealed next month. Commodities gained and the dollar eased. Liberal Democratic Party returned to power after five years lifting hopes for policy actions.