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Market Update

US Jobs Data Boosts European Markets, Seadrill Vaults 39%

Lucy Stoeva
04 Mar, 2016
New York City

European market indexes recorded solid gains after the strong U.S. jobs report. Norway-based Seadrill surged 38.8% on debt refinancing speculation. Gemalto soared 9.1% to a seven-year high, after the software maker forecasted rising profitability in 2016.

Cooper Beats Expectations, Staples Swings to Profit

Mukesh Buch
04 Mar, 2016
New York City

Big Lots net edged up as sales fell 0.6%. Cooper profit plunged 16%. Hurco net rose 3%. Staples net swung to profit while net sales declined 7%. Under Armour reiterated revenues and operating income forecast.

Service Sector Struggles Across Europe, Evonik Drops to a 3-Year Low

Lucy Stoeva
03 Mar, 2016
New York City

European markets closed slightly lower as investors digested latest service sector surveys in the region. Evonik hit a three-year low on a weaker 2016 outlook. Insurer Admiral Group surged after posting 6% growth in 2015 pre-tax profit.

Barnes & Noble, Joy Global Soar; Ciena, Kroger, Stage Stores Plunge

Mukesh Buch
03 Mar, 2016
New York City

Barnes & Noble net surged 11%. Burlington Stores net and revenues rose 4%. Ciena net loss narrowed after revenues jumped. Joy Global net swung to a loss on 25% decline in revenues. Kroger profit soared 8%. Stage Stores net plunged 52%. Tech Data net surged 19%.

Volatile Energy and Finacnial Stocks in Europe, Luxottica, Subse 7 in Focus

Lucy Stoeva
02 Mar, 2016
New York City

European markets were volatile tracking the oil market volatility and jitters related to banking sector. Subsea 7 plans to cut 4,000 jobs to deal with sliding oil prices. Luxottica plans to buy back shares.

Bob Evans, Forestar, Ross Stores, Tribune Jump; FairPoint Drops

Mukesh Buch
02 Mar, 2016
New York City

Abercrombie & Fitch profit jumped. Bob Evans net surged but sales fell. Forestar net loss narrowed after revenues surged. FairPoint and Milacron net swung to profit but revenues dropped. Ross Stores net soared. Tribune Publishing net swung to a loss. TiVo net tumbled.

European Manufacturing Growth Slows down; Barclays, Glencore in Focus

Lucy Stoeva
01 Mar, 2016
New York City

European market indexes rose on Tuesday on merger talks. Manufacturing sector growth declined in China and in the euro zone. The LSE, in merger talks with Deutsche B

Fiat Chrysler, Ford February Sales Jump; GM Sales Falls

Mukesh Buch
01 Mar, 2016
New York City

AutoZone net soared 8%. Dollar Tree profit jumped 4%. Donaldson net plunged 21%. Fiat Chrysler February sales surged 12% and Ford sales surged 20% while GM sales fell 2%. Intercontinental Exchange may bid for London Stock Exchange. Medtronic net soared 13%.

BroadSoft, Federal-Mogul, Icahn Entp, Tribune Advance

Mukesh Buch
29 Feb, 2016
New York City

Aegion net loss widened on 6% decline in revenues. BroadSoft surged after profit and revenues soared. Enstar net jumped. Federal-Mogul net loss narrowed on flat revenues. Icahn Entp net loss widened. Tribune Media net swung to a loss. Workday net loss widened and subscription revenue surged 44%.

European Markets Finish February With 2% Loss on Deflation Worries

Lucy Stoeva
29 Feb, 2016
New York City

European markets closed mixed on Monday after central bank in China stimulus offset the inconclusive G-20 nations meeting. Victoria Oil & Gas posted revenue increase of 63%. Italian banks continued to drift lower on loan loss worries.

Europe at 3-Week High as Volatile Oil and Metal Prices Rebound

Lucy Stoeva
26 Feb, 2016
New York City

European markets extended gains on Friday on the back of the gain in resource sector overwhelming inflation data from Germany and France. Wind turbine maker Gamesa posted 85% increase in 2015 net profit. Oil producer Eni cut investments to maintain dividends.

European Markets Jump 2%; Lloyds, Seadrill and Technip Surge

Lucy Stoeva
25 Feb, 2016
New York City

European markets rebounded after positive news from key financial and energy companies overshadowed a selloff in China and a drop in oil prices. Technip increased its quarterly profit by 27%. Seadrill announced a refinancing plan. Lloyds will pay a special dividend.

Lower Oil and Copper Weigh on European Markets

Lucy Stoeva
24 Feb, 2016
New York City

Market indexes in Europe declined after resource sector led the downturn and copper and oil prices edged lower. IPF warned of lower 2016 profits amid tighter credit regulations. Barratt Developments posted a 40% pre-tax profit growth.

BHP Cuts Dividend, Stan Chart Reports First Loss in Decades

Lucy Stoeva
23 Feb, 2016
New York City

European markets retreated from the three-week highs. Standard Chartered posted its first loss in more than 25 years. BHP Billiton cut its interim dividend by 74% and posted its first net loss in more than a decade.

Cracker Barrel, Macy's Rise; Ecolab, Expeditors, Smucker, Office Depot Fall

Mukesh Buch
23 Feb, 2016
New York City

Cracker Barrel lifted fiscal earnings outlook. Ecolab net tumbled 38%. Expeditors Intl net soared 15% while sales declined 10%. Home Depot profit surged 7%. Smucker net and sales jumped. Macy''s profit plunged 31%. Office Depot net swung to profit.