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U.S. Jobless Claims Drop, Durable Goods Orders Rebound

Arthi Gupta
25 Oct, 2012
New York City

U.S. indexes advanced after weekly jobless claims declined 23,000 to 369,000 and durable goods orders rebounded in September. Colgate plans to slash 6% global workforce by 2016.

Softer Yen Lifts Nikkei in Tokyo; Hitachi Metals, Nintendo, Sharp in Focus

Nigel Thomas
25 Oct, 2012
New York City

The Nikkei index gained as the yen dropped to the lowest since June and the expectations of another round of measures from the Bank of Japan next week. Nintendo and Sharp fell on earnings worries and Hitachi Metals lowered operating earnings outlook.

Choppy Trading in Australia; ANZ Net Up 6%, BHP Outlook Rocky

Marcus Jacob
25 Oct, 2012
New York City

Australian markets closed marginally higher and defensive stocks led the gainers. Mirvac reaffirmed its current year outlook and Westfield Retail Trust swapped interests in seven shopping centers with AMP Capital. ANZ reported 6% increase in full year earnings.

Europe Movers: ABB, Credit Suisse, Daimler, France Telecom, Sanofi, WPP

Arthi Gupta
25 Oct, 2012
New York City

Banco Santander net plunged 94% and Credit Suisse quarterly net dropped 63%. Logitech second quarter net surged. BASF sales rose 8% to

IMF Approves

Arthi Gupta
25 Oct, 2012
New York City

The European indexes gained on better than expected earnings. Sweden left its key rate unchanged and IMF approved

Fed on Hold, Home Sales Lift Market Sentiment

Bikram Pandey
24 Oct, 2012
New York City

U.S. indexes struggled after early gains and the latest parade of earnings dominated market sentiment and better than expected new home sales in September. U.S. sues Bank of America for mortgage fraud. Fed left its bond buying program and interest rate policy intact.

New Home Sales Surge 5.7% Confirming Recent Housing Market Strenght

Barry Randall
24 Oct, 2012
New York City

New home sales in September rose to the best level in two years on low mortgage rates and banks write more mortgages. Sales in the month increased 5.7% from August and surged 27% fro a year ago.

U.S. Movers: American Electric Power, AT&T, Bristol-Myers, Eli Lilly, Praxair

Mukesh Buch
24 Oct, 2012
New York City

American Electric Power net jumped 6% and suspended its earnings guidance. AT&T quarterly net edged up and smartphone sales reached 6.1 million. Bristol-Myers net swung to $711 million loss as U.S. sales dropped 43%. Boeing net declined 6%.

Nikkei Halts 7-Day Rally; Sharp, DeNa Gain; Jtek, Kawasaki Heavy Fall

Nigel Thomas
24 Oct, 2012
New York City

The benchmark Nikkei index declined for the first time in eight days and halted the longest rally in 26 months. Sharp Corp gained 6% after the company began selling smartphone in China. Jtek and Kawasaki Heavy declined after companies missed their estimates.

U.S. Indexes Rebound On Earnings, Facebook Surges

Arthi Gupta
24 Oct, 2012
New York City

U.S. indexes gained ahead of the release of existing home sales data. Dow Chemical planned to cut about 2,400 jobs as part of its restructuring plans. Bard agreed to acquire Neomend for $140 million. Facebook soared 20% after revenues increased 32%.

Australian Inflation Jumps to 1.4%, Global Worries Weigh on Stocks

Marcus Jacob
24 Oct, 2012
New York City

Australian markets eased after inflation jumped more than expected in the three months to September but still within the target range set by the central bank. The latest increase was driven by the introduction of carbon tax.

Euro Falls on Weak German Economic Data

Arthi Gupta
24 Oct, 2012
New York City

The European indexes advanced. German confidence deteriorated, euro area private sector activity fell to a 40-month low, and UK factory orders fell unexpectedly in October. Rolls-Royce won a $2.6 billion order from Singapore Airlines.

Europe Movers: Volvo, SSAB, Peugeot, Puma, Home Retail, SAP, Telenor

Arthi Gupta
24 Oct, 2012
New York City

Puma estimates annual net earnings to be significantly less than last year. Home Retail half-year sales slid 1% to

Nikkei Extends Rally to Seventh Day, Kansai Electric Plunges 13%

Nigel Thomas
23 Oct, 2012
New York City

Stocks in Japan closed higher for the seventh day in a row as the yen softened to a 4-month low. Utilities dropped more than 6% after Kansai Electric was said to cancel its annual dividend and report a loss in six-month period.

Australian Indexes Flat, Ten Struggles to Sell Outdoor Ad Unit

Marcus Jacob
23 Oct, 2012
New York City

Australian indexes closed flat after early gains. Ten Networks confirmed a lower bid of $110 million for its outdoor advertising business. UBS confirmed that a client placed a large order of $200 million that was later cut to $56 million and contributed to the spike in eight stocks on last Thursday.

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