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U.S. Jobless Claims Decline, Stocks On Wall Street Shake Off Early Losses

Nichole Harper
03 Jul, 2013
New York City

U.S. indexes reversed early losses and traded higher and weekly jobless claims declined for the second month in a row. Crude oil futures and gold gained after political crisis in Egypt deepened. European markets dropped more than 1% on the rising uncertainties in Portugal.

U.S. Movers: American Greetings, Avon, Exco Resources, Rite Aid, Walgreen

Mukesh Buch
03 Jul, 2013
New York City

Weiss family increased takeover price for American Greetings to $19 a share. Exco Resources agree to acquire oil and gas assets of $1 billion from Chesapeake Energy. Rite Aid and Walgreen June sales climbed.

Tokyo Extends Rally to Fifth Day, Suntory IPO Closes Up 1.5%

Hiruki Nakamura
03 Jul, 2013
New York City

Market indexes in Tokyo traded higher for the fifth day in a row and the yen declined to a low in a month and crossed 100 to a dollar. Suntory Beverage rose modestly on the first day of trading after it raised $4 billion. Dentsu plans to raise $1.2 billion to pay for Aegis acquisition.

Europe Earnings: Ascopiave, GDF Suez, HSBC, Spirent Comm

Nigel Thomas
03 Jul, 2013
New York City

European Investment Bank signed

Weak Gain in Australian Retail Sales Drag Indexes Down 1.9%

Hiruki Nakamura
03 Jul, 2013
New York City

Australian stocks sold off sharply after retail sales in May were lower than expected and global worries dragged market sentiment in Asian trading. New home sales rose for the third month in a row in May and reached an 18-month high.

India Movers: Amtek Auto, Gitanjali Gems, HCL, MCX, Oil India, SAIL

Mukesh Buch
03 Jul, 2013
New York City

Amtek Auto offer to acquire 26% stakes in JMT Auto. HCL wins a government panel approval stake to sell 4.01%. Government refused foreign direct investment proposal in MCX. SAIL posted record steel production in first quarter.

U.S. Movers: Acuity Brands, Schulman, Chrysler, Greenbrier, Zep

Mukesh Buch
02 Jul, 2013
New York City

Acuity Brands sales climbed but net slid and Schulman declined as sales and profit tumbled. Chrysler vehicles sales rose 8% in June and Ford Motor sales in the month rose 13%.

Europe Earnings: Dialog Semiconductor, Erste Group, Ocado, Rosneft

Nigel Thomas
02 Jul, 2013
New York City

Dialog Semiconductor agreed to buy IWatt for $345 million. Erste Group Bank sold

European Jobless Rate Revised to 12.2%, UK Banks Urged to Lift Capital Ratio

Nigel Thomas
02 Jul, 2013
New York City

European markets traded lower and jobless rate in the euro zone was revised higher to 12.2% a day after the scheduled release of data. Bank of England urged banks to lift capital reserve ratio earlier than five year time-table set by Basel committee.

U.S. Factory Orders Rise 2.1%, Record June Auto Sales at Chrysler Since 2007

Nichole Harper
02 Jul, 2013
New York City

U.S. stocks extended gains for the second day this week and factory orders increased 2.1% in May. Ford Motor said auto sales in June increased 13% and Chrysler reported 9% increase in sales and record June sales since 2007.

Volatile Nikkei Jumps 1.8%, GPIF Reports 10% Annual Gain

Hiruki Nakamura
02 Jul, 2013
New York City

Volatile stocks in Tokyo advanced for the fourth day in a row after the yen declined and approached 100-level against a dollar. After the close, Government Pension Investment Fund said it earned 10% annual return in fiscal year to March. Fast Retailing same store sales surge 20% in June.

India Movers: Ashok Leyland, Bajaj, Elder Pharma, Tata Motors, Zensar Tech

Mukesh Buch
02 Jul, 2013
New York City

Ashok Leyland June truck sales plunged 31% and Bajaj Auto sales declined 14%. Tata Motors June sales plummeted 18% and domestic sales tumbled 32%.

Australian Rates on Hold, Dollar Slide to Continue

Marcus Jacob
02 Jul, 2013
New York City

Reserve Bank of Australian held its cash rate for the second month but held out possibility of a future rate cut. Market indexes soared 2.6%, largest one-day gain in 19 months. Boart Longyear plunged 11% on debt rating downgrade.

U.S. Movers: Citigroup, CoreLogic, Intuit, Nokia, Tribune, TransDigm

Mukesh Buch
01 Jul, 2013
New York City

Citigroup agreed to pay $968 million to Fannie Mae. Intuit plans to sell its financial services unit to Thoma Bravo for $1.03 billion. Nokia agreed to acquire remaining 50% stake in Nokia Siemens Networks. Tribune Co agreed to buy 19 television stations valued $2.73 billion.

Euro Zone Unemployment Rate Rises to 12.1%, Croatia Joins EU

Nigel Thomas
01 Jul, 2013
New York City

European markets traded higher and unemployment in the euro zone rose to 12.1% in May. Jobless rate in the wider European Union was stable at 10.9%. With Croatia, European Union expanded to 28 nations.

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