ticker

Euro Zone Economic Sentiment Improves, Italy Raises

Arthi Gupta
29 Nov, 2012
New York City

The sentiment across the euro zone improved after falling for eight months in a row. Italy raised

Europe Movers: Ahold, BP, Norsk Hydro, Rio Tinto, Siemens

Arthi Gupta
29 Nov, 2012
New York City

Ahold to increase its existing cost savings program from

U.S. Markets Reverse to Close Up 0.8%, BP Banned from U.S. Contracts

Bikram Pandey
28 Nov, 2012
New York City

U.S. indexes rebounded from early losses of 1% and managed to close up 0.8% after President Obama and Speaker Boehner sounded optimistic on the budget compromise. BP plc was banned from U.S. federal contract temporarily and may be forced to settle $20 billion civil litigation.

Nikkei Halts 4-Day Gains, Kawasaki Postpones Fleet Expansion

Nigel Thomas
28 Nov, 2012
New York City

Nikkei in Tokyo fell 1.2% and the Topix declined 1.3% after indexes rallied for four days as the yen weakened in the last two weeks. Sakurada plunged 92% after the company filed for bankruptcy proceedings. Kawasaki Kaisen postponed fleet expansion on a global glut.

Australian Dollar Trades Near 3-Month High, Stocks Flat

Marcus Jacob
28 Nov, 2012
New York City

Stocks in Sydney decreased after commodities prices fell and trading sentiment wavers in Asian markets. Australian dollar traded near 3-month high as commodities held firm after the Greek debt negotiations were resolved for now.

U.S. Movers: Ann, Analog Devices, Express, Movado, PVH, Fresh Market

Mukesh Buch
28 Nov, 2012
New York City

Ann third quarter net climbed 26% and Analog Devices net dropped 2%. Express profit declined 38% to $17.4 million and revised outlook. Jos. A. Bank Clothiers third quarter net dropped 11% and Fresh Market net climbed 19%.

Costco Joins Others to Declare Special Dividend, Indexes Trade Lower

Arthi Gupta
28 Nov, 2012
New York City

U.S. indexes edged lower after the deadlock on the fiscal cliff continues. Kirby agreed to acquire Penn Maritime for $295 million. Costco November net sales rose 9% to $8.15 billion.

Euro Zone M3 Growth Improves, Spanish Retail Sales Fall

Arthi Gupta
28 Nov, 2012
New York City

The European Commission approved restructuring plans of four Spanish banks. Italy raised

Europe Movers: BP, Eni, Telford Homes, Thomas Cook, United Utilities

Arthi Gupta
28 Nov, 2012
New York City

BP agreed to sell package of central North Sea assets to Taqa for $1.1 billion. Smith & Nephew agreed to acquire Healthpoint Biotherapeutics for $782 million. Swiss Life estimates net profit in double-digit millions and Thomas Cook loss widens for the full year.

U.S. Markets Fall as Lawmakers Spar on Budget Details

Bikram Pandey
27 Nov, 2012
New York City

Market indexes on Wall Street declined as lawmakers showed little progress in settling difference to avoid the so called fiscal cliff. European ministers and lenders agreed to cur Greek debt and offer cheaper and interest free loans as a part of a bailout.

Durable Goods Orders Flat, Home Prices Up in September

Nichole Harper
27 Nov, 2012
New York City

U.S. stocks declined after Greek deal euphoria lifted indexes at the opening. ConAgra agreed to acquire private-label food maker Ralcorp for $6.8 billion. Consumer confidence increased in the month and durable goods orders were flat in October. Home prices rose 0.3% in September.

Nikkei Gains 0.4%, Yen Weakens on Stimulus Calls

Nigel Thomas
27 Nov, 2012
New York City

Nikkei index gained to a new 7-month high as the yen traded near 8-month low after opposition leader called for more fiscal and monetary easing to lift economic growth. Exporters to Europe gained after ministers agreed on a Greek debt and bailout fund release plan.

Australian Index Jumps 0.7%, CSL Lifts Profit Outlook

Marcus Jacob
27 Nov, 2012
New York City

Australian stocks edged higher after euro zone ministers struck a bargain that included a package of incentives and conditions to release the next tranche of bailout funds for Greece. Former chiefs of Qantas enter in talks with pilots to gain control. CSL lifted its annual net outlook by 20%.

U.S. Movers: ConAgra, Hillenbrand, Ralcorp, ADT Corp., Thor

Mukesh Buch
27 Nov, 2012
New York City

ConAgra agreed to buy Ralcorp for $5 billion in cash. Hillenbrand fourth quarter net climbed 6% and Ralcorp fourth quarter net loss narrowed. ADT Corp. quarterly net increased 1% to $94 million. Thor first quarter net surged 38%.

Euro Zone Ministers Agree on Debt Reduction Measures for Greece

Barry Randall
27 Nov, 2012
New York City

European markets traded at a 3-year high after ministers agreed to release next tranche of bailout to Greece and lower projected debt by 2022. The political will to forgo Greek debt lifted the euro. The O.EC.D lowered its economic outlook across 34 member nations.

Market Update