Jul 05, 2011 8:58 AM ET
Stocks in Japan closed higher for the sixth day in a row prompting worries that market rally may not be supported by fundamentals. The latest spurt was driven by the mildly optimistic regional economic survey released by the Bank of Japan.
Jul 05, 2011 11:12 AM ET
The European indexes traded sideways as investors focus on the next bailout conditions for Greece. U.S. based OM Group agreed to purchase Vacuumschmelze for €700 million. Total SA raised its equity stake in the Tempa Rossa field to 75%.
Jul 05, 2011 8:12 AM ET
Australian stocks traded lower after the Reserve Bank of Australia left its key lending rate at 4.75% and offered a benign view on inflation. The rate decision was widely anticipated but the outlook on inflation prompted a slower economic expansion outlook for the rest of the year.
Jul 04, 2011 10:30 AM ET
The UK indexes gained after financial services sector growth eased in the second quarter. The UK construction activity fell in June and individuals injected £5.83 billion in housing equity in the first quarter.
Jul 04, 2011 9:38 AM ET
Euro area producer price inflation eased in May and investor confidence rose in July. Spanish unemployment fell and consumer confidence improved in June. Swiss retail sales slumped in May.
Jul 04, 2011 8:59 AM ET
The European indexes traded higher after the European lenders approved the next tranche of aid to Greece. Bayer agreed to pay $750 million to settle biotech rice litigation. ASSA ABLOY sold Lorentzen & Wettre to ABB for SEK 750 million.
Jul 04, 2011 8:03 AM ET
Stocks in Tokyo advanced following a surge in U.S. indexes and a rise in manufacturing index. The Nikkei index gained 1% and traded above 10,000 for the first time since May 2 on a strong rise in real estate developers and financials. Bridgestone increased commercial vehicles tires prices by 10%.
Jul 04, 2011 7:20 AM ET
The Australian benchmark index struggled to close higher after retail sales and building approvals fell. Retail sales fell 0.6% in May as shoppers take advantage of stronger dollar and look for bargains overseas on the Internet.
Jul 01, 2011 6:09 PM ET
U.S. stocks extended gains for the fifth day in a row and surged 5.6% in the week. Indexes advanced after manufacturing index advanced more than expected in June. Eastman Kodak dropped 14% after an adverse patent ruling. Euro-area unemployment was flat near 10% and China manufacturing growth slowed.
Jul 01, 2011 11:55 AM ET
Apollo Group third quarter net income increased 17.2%. Blackboard agreed to go private $1.64 billion in cash. Darden reported fourth quarter flat revenues. Marathon Oil completed the spin-off of Marathon Petroleum.