May 31, 2011 4:11 PM ET
U.S. stocks closed higher on positive sentiment in Europe. Latest economic data suggest weak housing market and uneven economic recovery. Europe and Greece make a progress in finalizing bailout terms. Nokia plunged on earnings and sales warnings. Manufacturing outlook improves in Japan.
May 31, 2011 11:50 AM ET
The UK indexes rose on optimism of a resolution to Greece’s debt crisis. The British Chambers of Commerce lowered economic growth projections for the UK and home prices fell in May. Serco agreed to acquire India-based Intelenet for £385 million.
May 31, 2011 11:30 AM ET
Ashland agreed to acquire privately owned International Specialty Products for $3.2 billion in cash. Nokia lowered its second quarter and full year 2011 outlook. Bank of Nova Scotia second quarter net income surged to $1.46 billion. Wal-Mart win merger proposal of Massmart.
May 31, 2011 11:09 AM ET
U.S. stocks traded higher after metropolitan cities home price index declined in March. Chicago area manufacturing decelerated at the fastest pace in nearly thirty months and U.S. consumer confidence index declined. Nokia plunged 16% after it estimate weak quarterly results.
May 31, 2011 3:25 PM ET
European markets traded higher after investors turned positive on Greek developments. The IMF and the EU regulators are expected to reach a deal with Greek government to push through austerity measures and privatization plan. Banks in Germany and France advanced.
May 31, 2011 8:48 AM ET
Stock in Japan surged after a survey of manufacturers indicated production to increase to pre-quake level in June. The news lifted the benchmark index 2% and industrial companies led the advance. Euro-zone linked stocks also rose after Greek debt worries eased.
May 31, 2011 8:08 AM ET
Australian benchmark index added 0.9% and current account deficit in the fourth quarter increased to $10.4 billion and home construction approval in April declined 1.3%. SunRice Group shareholders rejected merger proposal with Spain based Ebro Foods.
May 30, 2011 12:30 PM ET
European markets overlooked the ongoing Greek debt worries and focused on valuations and earnings. Italy completed the sale of 8.3 billion euros and Spain is set sell bonds on June 2. Greece confirmed its plan to complete austerity measures despite the opposition from other ruling parties.
May 30, 2011 9:13 AM ET
Stocks in Mumbai traded lower in weak trading volume. Asian markets generally edged lower in weak trading. The rupee edged lower and traded near 2-month low. Reliance Infra annual net increased 2% and GSFC quarterly net soared. Unitech increased after it guided current year sales to increase 16%.
May 30, 2011 8:10 AM ET
Stocks in Japan declined and trading volume dropped to the lowers for the year. The stronger yen dragged exporters lower. Honda Motor delayed its stock purchase plan and Pacific Metals lowered its current year net outlook.