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Wall Street Lower on German Data, Apple Sells 5 Million iPhone Devices

Arthi Gupta
24 Sep, 2012
New York City

U.S. indexes opened lower as the attention in the euro zone crisis shifted to Spain and France and German business confidence declined. Tomkins agreed to sell its air distribution division for $1.1 billion. Home builders Lennar and KB Home gained on quarterly results.

Australian Fiscal Deficit Below Estimates, Weak Resource Stocks

Marcus Jacob
24 Sep, 2012
New York City

Australian markets and dollar were on the defensive and the government reported smaller than expected final fiscal year budget deficit in the previous year. Resource stocks were on the decline after commodities prices fell in local trading.

Budgets from Spain and France in Focus as Sentiment Sours

Arthi Gupta
24 Sep, 2012
New York City

The European indexes edged lower ahead of draft budgets from Spain and France. Germany sold

German Confidence Declines, Dutch Economy Expands 0.2%

Arthi Gupta
24 Sep, 2012
New York City

German business sentiment declined for the fifth month in a row in September. Hungarian retail sales declined in July. The Dutch economy expanded in the second quarter. Italian non-EU deficit narrowed in August.

Europe Movers: Aryzta, Julius Baer, Syngenta, TNT Express

Arthi Gupta
24 Sep, 2012
New York City

Julius Baer plans to cut up to 880 jobs at overseas wealth management business of Merrill Lynch. Aryzta full year group revenue rose 8.5% to

World Markets Consolidate, Spain and Euro Zone in Focus

Bikram Pandey
21 Sep, 2012
New York City

World markets consolidate after solid advances in the last two weeks powered by moves from central banks. The S&P 500 index closed down for the first time in three weeks. Gold and oil rebounded. Glencore delays Xstrata merger plan. Japan Airlines sinks below its offer price.

Nikkei Rebounds, Japanese Companies Consider Leaving China

Nigel Thomas
21 Sep, 2012
New York City

Stocks rebounded in Tokyo after falling the most in three weeks as investors turned focus to domestic companies and defensive sectors. Sharp Corp surged 5% on reports that the company is in talks with Intel Corp. Japan Tobacco gained 3%.

New Record in UK Budget Deficit, Home Price Sentiment Rises

Arthi Gupta
21 Sep, 2012
New York City

The UK indexes dropped after the home price sentiment index rose in September and budget deficit surged to a new record in August. The Bank of England Governor Mervyn King forecasted slow recovery in the UK.

U.S. Movers: Cintas, Darden Restaurants, KB Home, Oracle, Tibco

Mukesh Buch
21 Sep, 2012
New York City

Cintas net jumped 12% and reiterated fiscal outlook. Darden Restaurants quarterly net was ahead of expectations. KB Home net swung to profit as sales jump. Oracle first quarter net climbed 11% to $2.03 billion. Rockwell updated fiscal 2013 views.

Origin Energy Estimates Gas Demand To Triple in Australia

Marcus Jacob
21 Sep, 2012
New York City

Australian stocks consolidated gains in the second week as commodities prices regain upward momentum. Premier Investments soared after fiscal 2012 net jumped 69%. Origin Energy forecasted natural gas demand to triple in the next five years.

iPhone Launch Attracts Worldwide Fans, Global Indexes Higher

Arthi Gupta
21 Sep, 2012
New York City

U.S. indexes gained on the rising hopes that Spain may request a formal bailout as early as next week. iPhone 5 launch attracted worldwide fans and sales are expected to exceed 10 million in two weeks. Oracle quarterly earnings rose 11%. KB Home swung to quarterly profit.

Euro Rises on Spanish Bailout Request Hopes

Arthi Gupta
21 Sep, 2012
New York City

The European indexes advanced on speculation that Spain is nearing a bailout request. Italy estimated contraction to deepen to 2.4% this year. Greece failed to reach an agreement with its coalition partners on spending cuts demanded by the troika.

German Leading Index Climbs, Italy Estimates Deeper Contraction

Arthi Gupta
21 Sep, 2012
New York City

Italy deepened its estimate of recession this year. Euro zone consumer confidence unexpectedly fell in September. German leading index climbed and Dutch consumer spending declined in July.

Europe Movers: adidas, Richemont, Saint-Gobain, Syngenta

Arthi Gupta
21 Sep, 2012
New York City

adidas reduced Reebok 2015 sales target to

Weakening Global Economies

Bikram Pandey
20 Sep, 2012
New York City

World markets and indexes in New York closed down after economic data from the euro zone, China and Japan indicated weakening outlook. Global deal making continues despite market uncertainties. The U.S. dollar strengthened, oil decreased and gold and copper eased.

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