Market Update

Euro Zone Retail Sales Drop, German Output Declines 1.8%

Arthi Gupta
07 Nov, 2012
New York City

Retail sales volume in the euro area decreased and Spanish industrial production slumped in September. German construction activity fell at an accelerated rate and Swiss consumer prices eased in October.

Europe Movers: Axel Springer, BNP Paribas, Carlsberg, Telef

Arthi Gupta
07 Nov, 2012
New York City

Carlsberg revenues increased 8% to DKK 18.81 billion, Telef

UK Home Prices Fall, New Car Registrations Rise

Arthi Gupta
06 Nov, 2012
New York City

The UK indexes climbed after production fell in September. Home prices in the UK declined but new car registrations rose in October. BG Group completed the sale of Brazil based Comg

U.S. Home Prices Gain, Canada Permits Uranium Exports to India

Arthi Gupta
06 Nov, 2012
New York City

U.S. indexes gained as voters decide the future control of the House, Senate and the President

Greece and Spain Weigh on European Market Sentiment

Arthi Gupta
06 Nov, 2012
New York City

The European indexes advanced and Greece and Spain weighed on the market sentiment. The IMF warned that the growth outlook for France remains fragile. The Spanish economy is forecasted to contract 1.6% this year. Greek strike paralyzes nation.

Euro Area Private Sector Contracts, German Orders Plunge 3.3%

Arthi Gupta
06 Nov, 2012
New York City

Euro zone private sector contracted more than initially estimated and service sector activity and new orders in the Spain continued to shrink in October. German factory orders fell in September.

Europe Movers: Adecco, BMW, Fraport, Lanxess, Salzgitter, Tornier

Arthi Gupta
06 Nov, 2012
New York City

Aer Lingus passenger traffic improved in October. BMW profit rose 16% to

U.S. Indexes Flat Ahead of Election; Dollar, Oil, Gold Inch Higher

Barry Randall
05 Nov, 2012
New York City

Stocks on Wall Street hugged flat line ahead of the U.S. presidential election tomorrow and voter turnout is ahead of expectations in key swing states of Florida, Colorado and Ohio. The dollar, gold and crude oil traded higher.

Nikkei Halts 3-Day Rally, Toyota Lifts Annual Outlook

Nigel Thomas
05 Nov, 2012
New York City

Stocks in Tokyo halted a 3-day rally on a weakness in regional trading and commodities prices declined. Utilities closed lower after regulators delayed a decision to reopen nuclear power plant. Toyota lifted its annual net profit outlook after the close.

Australian Trade Gap Narrows, Westpac Cash Profit Up 5%

Marcus Jacob
05 Nov, 2012
New York City

Australian stocks closed higher on the expectations of a rate cut after the central bank meeting on Tuesday. Australian trade deficit narrowed in September after imports fell more than exports. Seasonally adjusted retail sales in the month declined 0.5%.

U.S. Movers: Church & Dwight, Humana, Rockwell, Time Warner

Mukesh Buch
05 Nov, 2012
New York City

Church & Dwight third quarter net jumped 18%. Humana third quarter net declined 4% but lifted outlooks and agreed to buy Metropolitan Health for $850 million and also agreed to acquire Certify Data Systems. Time Warner net surged 127%.

UK Services Activity Grows, HSBC Pretax Profit Soars 125%

Arthi Gupta
05 Nov, 2012
New York City

The UK indexes declined tracking lower world markets and UK government gross reserves rose and services sector grew marginally in October. HSBC third quarter underlying pretax profit surged 125% to $5.04 billion.

HSBC Fears Laundering Charges to Cross $1.5 B, Seadrill in $2.9 B Deal

Darlington Musarurwa
05 Nov, 2012
New York City

U.S. indexes traded lower ahead of the close presidential election and looming spending cuts that are set to kick in on January 1. Malaysia-based SapuraKencana and Seadrill agreed to integrate tender rig businesses in a $2.9 billion deal. Humana agreed to acquire Metropolitan for $850 million.

Debt Talks of Spain, Greece and U.S. Fiscal Cliff Worry G 20

Arthi Gupta
05 Nov, 2012
New York City

The European indexes edged lower ahead of the U.S. presidential election and Communist Party meeting this week in China. The euro edged higher and resources stocks and banks were under pressure.

Euro Zone Confidence Improves, Spanish Unemployment Rises

Arthi Gupta
05 Nov, 2012
New York City

Euro zone confidence improved in November. Spanish unemployment rose more than estimated and Hungarian manufacturing activity worsened in October.