Saturday, January 28th, 2012

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  • U.S. Stocks Declined Halting S&P’s 4th Weekly Gain

    U.S. stocks retreated, paring a 4th successive weekly rally for the Standard & Poor’s 500 Index, while Treasuries rallied up following the U.S. economy grew up little less than estimated. The euro surged amidst optimism that Greece was advancing forth in debt-restructuring discussions with bondholders. The S&P 500 dropped by 0.2% to settle at 1,316.33 as of 4 p.m. in New York’s time,... [Read more]

  • Starbucks Profit Shot Up By 10 Percent during Holiday Season

    Starbucks Corp. (SBUX), which is the biggest coffee-shop chain in the world, reported its 1st quarter profit that rose by 10%, as customer purchased more specialty drinks in the holidays. Net income in the period, which concluded on January 1, increased to $382.1mn or $0.50 per share in contrast with last year’s $346.6mn or $0.45, as said by Starbucks today in a statement. Analysts estimated $0.49,... [Read more]

  • European Stocks Retreated As Ericsson & Novartis Posted Their Earnings

    European stocks dropped for a 2nd day following Novartis AG (NOVN) and Ericsson AB and released their earnings, which missed estimates of analysts. U.S. index futures declined whilst Asian stocks soared up. Novartis, which is the leading drug maker of Europe by sales, fell by 3.6%. Ericsson, which is the biggest manufacturer of wireless networks in the world, retreated by 13% after posting 4th quarter... [Read more]

  • Asian Stocks Continues To Rally Up For A 6th Day

    Asia’s benchmark stock index continues going up for a 6th day following a stalemate came out between Greek bondholders and Europe’s policy makers. Nintendo Co. (7974), which is a Japanese video-game player’s manufacturer that generates 34% of its sales in Europe, added up 1.5%. . Elpida Memory Inc. (6665) shot up by 4.6% following a newspaper stated that the chipmaker is in talks of a merger... [Read more]

  • (ALBK) (BARC) (BA) (COV) & (DAI): Europe Equity Preview

    Barclay’s (BARC): Barclaycard could purchase the 6.5bn pound ($10.1bn) MBNA Europe Bank’s Ltd. portfolio of 10bn pound U.K. and Irish credit card portfolio, as reported by the Sunday Telegraph, citing an unrevealed person with knowledge of the sale. The shares advanced by 0.6% to 222.65 pence. Allied Irish Banks Plc (ALBK) & (IPM ID) are in discussion with the government and the companies... [Read more]

  • Asian Stocks Rallied Up For 5th Week, Recording The Longest Winning Streak In A Year

    Asian stocks rallied for a 5th week, marking the longest winning streak of the regional benchmark index in over a year, while U.S. economic reports depicted that U.S. economy is strengthening and declining European borrowing costs indicated that the debt crunch might be easing. Japanese Nikkei 225 Stock Average added up 3.1%, while Japanese lenders advanced following the central bank postponed the... [Read more]

  • Asian Stocks Surged On Declining U.S. Unemployment Claims

    Asian stocks surged, as the regional benchmark index is inching towards its 5th straight weekly rally, while fewer Americans than estimated filed claims for unemployment benefits and after France and Spain sold bonds at lesser yields. Toyota Motor Corporation (7203), a Japanese car maker, which receives nearly 70% of its sales from abroad, surged by 3.4% in Tokyo. HSBC Holdings Plc., which is the... [Read more]

  • Asia Stocks & Oil Shot Up, Whilst Won Strengthened

    Asian stocks surged, giving a record kick off to the year for the MSCI Asia Pacific Index, whereas copper advanced and South Korean won strengthened amidst signs China will relax credit controls. Oil surged following U.S. crude stockpiles declined the most in 6-weeks. The MSCI gauge rose by 1% as of 12:06 p.m. in Tokyo’s time, which is set for the maximum close since Nov. 9. Futures on S&P... [Read more]

  • Asian Stocks, Won Advanced On Increasing Economic Optimism

    Asian stocks shot up, prolonging the biggest gain in a month, whilst the won reached a 5 week high and oil surged, following reports from U.S. to Germany to South Korea, which depicted better economic growth. The MSCI Asia Pacific Index (MXAP) added 0.2% as of 3:29 p.m. in Tokyo’s time, wiping off its earlier losses of the same quantity, MXAP added up 1.9% on Tuesday, after Chinese economic... [Read more]

  • Asian Stocks Fell The Most In Almost A Month

    Asian stocks declined the most in nearly in a month time, the euro reached an 11-year low against the yen, and whereas copper fell following S&P downgraded France’s top credit rating and pared 8 other euro-zone countries. The MSCI Asia Pacific Index (MXAP) fell by 1.3% at 11:38 a.m. in Tokyo’s time after a 2.2% advance in the last week. Futures on S&P’s 500 Index dropped by... [Read more]