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Market Update

UK Retail Sales Drop 0.2%, BSkyB Deemed

Arthi Gupta
20 Sep, 2012
New York City

The UK indexes edged lower tracking weak global economic data. The UK retail sales fell less than estimated in August. The Irish economy stagnated in the second quarter.

U.S. Movers: Adobe, ConAgra, IHS, Jefferies, Rite Aid, Scholastic

Mukesh Buch
20 Sep, 2012
New York City

ConAgra jumped on quarterly results and lifted fiscal outlook. CarMax quarterly net was nearly flat. IHS cuts fiscal guidance. Rite Aid loss narrowed and lowered fiscal outlook. Scholastic loss widened.

U.S. Jobless Claims Fall; Exxon, Denbury Ink $1.6 B Deal

Arthi Gupta
20 Sep, 2012
New York City

U.S. indexes fell after weekly jobless claims slid and manufacturing index was flat in September. Exxon agreed to acquire Denbury

Nikkei Down 1.6%, Japanese Trade Gap Widens

Nigel Thomas
20 Sep, 2012
New York City

The benchmark index in Tokyo dropped the most in three months after the latest economic data from China indicated a slowdown in manufacturing. The fall in exports and imports widened the August month trade deficit in Japan.

Demand at Spanish Auction Exceeds Goal, European Markets Ease

Arthi Gupta
20 Sep, 2012
New York City

The European indexes declined on weak Chinese manufacturing data. For the second time this week, demand exceeded at Spanish debt auction. Peugeot agreed to sell 75% stake in Gefco to JSC Russian Railways for

Australian Markets Ease on Asian Data, Kathmandu Net Falls 11%

Marcus Jacob
20 Sep, 2012
New York City

Australian markets lost ground after the latest economic data from China and Japan put investors on the defensive. Fortescue Metals agreed to pay $715 million royalty to Leucadia National. Kathmandu suggested better outlook in the current fiscal year.

Euro Zone Slump Accelerates, Swiss Trade Surplus Shrinks

Arthi Gupta
20 Sep, 2012
New York City

German producer prices rose and Swiss trade surplus fell in August. The euro zone private sector contracted and French manufacturing PMI fell in September. Italian industrial orders rose unexpectedly in July.

Europe Movers: Deutsche Bank, Lanxess, Peugeot, Telenet

Arthi Gupta
20 Sep, 2012
New York City

Kleinwort Benson agreed to acquire BHF-BANK for

World Markets Advance on Housing Data and Bank of Japan Move

Bikram Pandey
19 Sep, 2012
New York City

Markets in New York and around the world were on the upswing after Bank of Japan decided to ease monetary stance and existing home sales increased to a rate last seen 2-years ago. Oil declined for the third day in a row on the global growth worries.

UK Indexes Gain, Manchester United Loss Widens

Arthi Gupta
19 Sep, 2012
New York City

The UK indexes advanced after Japan announced stimulus measures to boost economic growth. The Bank of England policymakers were unanimous in their decisions on quantitative easing and interest rate. Lonmin reached a settlement with management on wages.

U.S. Movers: AutoZone, Ascena Retail, Cracker Barrel, General Mills

Mukesh Buch
19 Sep, 2012
New York City

AutoZone fourth quarter net climbed 7% on sales increase of 5% and Ascena Retail Group

U.S. Housing Market Stabilizes, Blackstone to Buy Vivint for $2 B

Arthi Gupta
19 Sep, 2012
New York City

U.S. indexes gained after housing markets showed the signs of healing. Blackstone agreed to buy residential security provider Vivint for $2 billion and B2Gold agreed to acquire CGA Mining for C$1.1 billion. General Mills quarterly earnings soared 35%.

Nikkei Surges 1.2%, BoJ Expands Asset Purchase Program

Nigel Thomas
19 Sep, 2012
New York City

Stocks in Tokyo surged after the Bank of Japan expanded its asset purchase program to provide additional liquidity and inflate asset prices. Several large Japanese companies resumed production and reopened stores after anti-Japanese protests subside.

European Indexes Pare Gains, Germany Sells

Arthi Gupta
19 Sep, 2012
New York City

The European indexes pared early morning gains and Germany raised

Australian Markets and Dollar Extend Gains

Marcus Jacob
19 Sep, 2012
New York City

Australian markets closed higher following a rally in Asian markets after Bank of Japan expanded asset purchase program. Resource and financial stocks traded higher. The Australian dollar gained against yen.