Nov 04, 2009 4:53 PM ET
The Fed left its target rate range at historic low between zero and 0.25% and indicated low rates for an extended period of time as long as labor markets are weak and inflation remains low and stable. The dollar drops. Berkshire Hathaway AAA rating may be cut. Hyatt Hotels IPO scheduled tomorrow.
Nov 04, 2009 3:55 PM ET
European markets closed higher. German automakers gained on higher U.S. sales in October. Societe Generale third quarter earnings doubled. Total SA quarterly net declined 37% on lower refining margin and lower oil price.
Nov 04, 2009 3:04 PM ET
UK stocks closed higher after retailers Marks & Spencer and Next plc reported better than expected earnings. Home builders advanced on positive comments from Redrow and Taylor Wimpey. Diageo completed its $500 million bond offering.
Nov 04, 2009 2:24 PM ET
Garmin Ltd plunged 12% after it reported lower than expected revenues but a surprise rise in net. Solera Holdings surged 12% after it lifted its fiscal year earnings outlook. Trucking company Con-way Inc plunged after quarterly revenues and net fell.
Nov 04, 2009 10:33 AM ET
Stocks in Mumbai trading closed sharply higher after Finance Minister Mukherjee reiterated that economic stimulus will not be withdrawn. Jaiprakash Associates surged more than 9%. Tata Consultancy and Satyam Computer Services gained on the win of outsourcing contracts in Europe.
Nov 04, 2009 8:56 AM ET
Global stocks traded higher as commodities resume their advances. Gold traded at a record high and crude oil increased. U.S. stocks futures are pointing higher opening. The dollar declined in international trading ahead of the rate decision from the Fed today.
Nov 03, 2009 6:53 PM ET
Stocks in Hong Kong and Shanghai are expected to trade higher at the opening after the surge in gold prices and merger deals of $48 billion. Property stocks in Hong Kong declined. China Merchants Securities was approved for its initial public offering in Shanghai.
Nov 03, 2009 10:18 AM ET
Stocks in Mumbai fell sharply after Reliance Communications and Hindalco Industries reported weak earnings. India purchased 200 tons of gold from the IMF at $6.7 billion. The gold holding is still only 5% of its foreign reserves that total $285.5 billion.
Nov 03, 2009 6:11 PM ET
U.S. stocks gained after two large deals supported trading in stocks. Railroad and industrial stocks closed higher after Burlington and Black & Decker agreed to be acquired. Gold surged to a record after the Reserve Bank of India acquired 200 tons from the IMF.
Nov 03, 2009 4:05 PM ET
Banks were under pressure in the European trading after UBS reported its quarterly loss in a row and UK offered its second bailout to Royal Bank of Scotland and Lloyds Banking Group under tighter conditions. Banks France, Germany, UK and Spain fell. BMW declined after quarterly net plunged 74%.