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Nikkei Drops to 3-Week Low, Machinery Orders Fall 4.3%

Nigel Thomas
08 Nov, 2012
New York City

Stocks in Japan continue to drift lower and the Nikkei index dropped to a 3-week low. Machinery orders fell 4.3% in September on falling exports. Oki Electric and Citizen Holdings fell on lowered expectations but Isuzu Motor boosted annual net income outlook.

Bank of England Retains Key Rate, Irish Inflation Eases

Arthi Gupta
08 Nov, 2012
New York City

The UK indexes fell after the Bank of England left the key rate unchanged at 0.5% and maintained its quantitative easing at

U.S. Jobless Claims Fall, Trade Deficit Narrows

Arthi Gupta
08 Nov, 2012
New York City

U.S. indexes advanced and trade deficit narrowed in September to a 2-year low and jobless claims fell unexpectedly by 8,000 to 355,000 after the Superstorm Sandy disrupted businesses and distorted data. Wendy''s third quarter loss widened.

Australian Markets, Dollar Fall; Qantas to Cut 500 Jobs

Marcus Jacob
08 Nov, 2012
New York City

Australian benchmark index declined 0.7% tracking lower world markets. Resource stocks led the decliners. Qantas said it will eliminate 500 jobs in Australia as it cuts one aircraft maintenance hub.

U.S. Movers: Duke Energy, Dean Foods, FirstEnergy, Kohl

Mukesh Buch
08 Nov, 2012
New York City

Duke Energy third quarter net climbed 26% and lifted outlook. Dean Foods quarterly net swung to $36.4 million profit and FirstEnergy net jumped 20% but narrowed guidance. Kohl

U.S. Movers: AOL, CVS Caremark, DirecTV, Fossil, NYSE Euronext

Mukesh Buch
06 Nov, 2012
New York City

AOL third quarter net swung to $20.8 million profit. CVS Caremark net jumped 16% to $1.01 billion on sales growth. DirecTV third quarter net climbed 9% to $565 million as subscriber jumped. EOG Resources net slumped 34% and NYSE Euronext net declined 42% to $108 million.

U.S. Movers: Agrium, Kraft Foods, Hospira, Macy

Mukesh Buch
07 Nov, 2012
New York City

Agrium third quarter net plunged 56%. Express Scripts net surged 21%. Kraft Foods net climbed 13% to $470 million and Macy

Stronger Yen; Mixed Earnings from Chiyoda, Taiyo, Yuden

Nigel Thomas
07 Nov, 2012
New York City

The Nikkei index in Tokyo edged lower after the yen gained and another batch of weak earnings from industrial companies. Chiyoda Corp and Taiyo Yuden reported weak results.

Australian Construction Decline Slow, News Corp Net Triples

Marcus Jacob
07 Nov, 2012
New York City

Australian stocks and the dollar closed higher after the reelection of U.S. President Barack Obama. News Corp said quarterly net tripled from a year ago. Retailer Harvey Norman said quarterly sales declined 10% and profit fell 20%.

German Trade Surplus Declines, French Deficit Narrows

Arthi Gupta
08 Nov, 2012
New York City

Greek jobless rate increased to 25.4% in August. German trade surplus rose and French trade deficit narrowed but Hungarian surplus declined in September. Swiss unemployment increased to 3%.

Europe Movers: Ageon, adidas, Hermes, SocGen, Dexia, Siemens, EADS, Swisscom

Arthi Gupta
08 Nov, 2012
New York City

Societe Generale net banking income fell 17% to

ECB Holds Rate, Spanish Bond Auction Raises

Arthi Gupta
08 Nov, 2012
New York City

The European indexes gained after the European Central Bank held key rate. The euro area economic climate deteriorated in the fourth quarter. Spain sold

UK Shop Price Inflation Accelerates, GDP Growth Eases

Arthi Gupta
07 Nov, 2012
New York City

The UK indexes slumped after shop price inflation accelerated to 1.5% in October and economy estimated to expand 1.1% in 2013 and 1.7% in 2014. Stagecoach agreed to acquire the bus business and assets of Bluebird for

Fiscal Cliff in Focus after Reelection of Obama and Divided Congress

Arthi Gupta
07 Nov, 2012
New York City

U.S. indexes dropped 1% after investors focused on the fiscal cliff negotiations with the divided Congress. Barack Obama was reelected for the second presidential term. AT&T plans to invest $14 billion over the next three years to enhance its wireline IP broadband networks.

EC Lowers Euro Area Outlook, Indexes Decline

Arthi Gupta
07 Nov, 2012
New York City

The European indexes edged lower after the European Commission lowered euro area growth outlook for next year. German economy forecasted to shrink in 2013. The Greek parliament is scheduled to vote on the austerity measures today. ING plans to slash 2,350 jobs.

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