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Market Update

Euro Zone Production Slumps 4.7%, Swiss Sentiment Declines

Arthi Gupta
19 Sep, 2012
New York City

Euro zone construction output fell and French leading economic index rebounded in July. Economic expectations in Switzerland declined slightly in September.

Europe Movers: Inditex, Michelin, Syngenta, Porsche Automobil

Arthi Gupta
19 Sep, 2012
New York City

Inditex first-half earnings surged 32% to

World Markets Ease, Microsoft Boosts Dividend by 15%

Bikram Pandey
18 Sep, 2012
New York City

World markets eased after the euro zone worries resurfaced and Spain restrained from asking for a larger bailout with conditions of more spending cuts. Mortgage lending dropped to 1 16-year low as the housing market continues to struggle. Oil eased on the second day.

China Demonstrations Weaken Tokyo Stock Prices

Nigel Thomas
18 Sep, 2012
New York City

Markets in Tokyo closed lower after China linked companies plunged the most. Fast Retailing, Toyota, Honda, Nissan and Sony were among the large companies that were forced to shutter factories and stores in China after anti-Japanese demonstrations spread to dozens of cities.

Australian Stocks Consolidate, Fortescue Restructures $4.5 Billion Debt

Marcus Jacob
18 Sep, 2012
New York City

Australian markets consolidated gains. Fortescue Metals won debt refinancing for its $4.5 billion debt portion and delayed its earliest payment to November 2015 as iron ore prices slide and the outlook remains uncertain.

UK Inflation Eases to 2.5%, Home Prices Rise 2%

Arthi Gupta
18 Sep, 2012
New York City

The UK indexes eased as the euro zone worries resurfaced. The UK annual inflation eased to 2.5% in August and home prices increased 2% annually in July.

U.S. Movers: Dole Food, FedEx, Schiff Nutrition, Tyco, Walgreen

Mukesh Buch
18 Sep, 2012
New York City

Dole Food agreed to sell businesses in Asia to the Japanese trading company Itochu for $1.7 billion. Deckers Outdoor declined on weak sales. FedEx first quarter net slid and lowered its outlooks and plans to increase shipping rates. Schiff Nutrition lifts fiscal forecast.

Narrower U.S. Current Account Deficit, Stocks Open Lower

Arthi Gupta
18 Sep, 2012
New York City

U.S. indexes traded lower and oil slipped for the second day as the effectiveness of the latest Fed stimulus was questioned. FedEx lowered its profit view. Dole Food agreed to sell its worldwide packaged foods and fresh produce businesses in Asia to Itochu for $1.7 billion.

Lingering Questions on Spanish Bailout

Arthi Gupta
18 Sep, 2012
New York City

The European indexes edged lower as investors refocus on the details of the possible Spanish bailout as bad bank loans rose in the country. Spain raised

German Sentiment Improves, EU27 Auto Sales Fall 8.9%

Arthi Gupta
18 Sep, 2012
New York City

Germans economic sentiment improved in September and the Swiss economy is forecasted to expand 1% this year. Greek current account swung to a surplus in July and Portuguese producer price inflation climbed in August.

Europe Movers: Akzo Nobel, Deutsche Bank, Merck, Volvo

Arthi Gupta
18 Sep, 2012
New York City

Volvo said truck deliveries fell 4% in August. Akzo Nobel plunged 5%. The Finnish paper company Metso plans layoffs in several of its units that may lead to as many as 630 job cuts.

Stocks on Hold, Volatile Oil; Apple Nears $700

Bikram Pandey
17 Sep, 2012
New York City

Market indexes in New York steadily declined in the session and recovered some of the lost ground in the last thirty minutes. Oil dropped 5% in volatile trading. Apple Inc said customers ordered 2 million iPhone 5 devices on the first day exceeding demand estimates.

U.S. Movers: Complete Genomics, Lowe

Mukesh Buch
17 Sep, 2012
New York City

Complete Genomics is agreed to be acquired by China based company. Lowe''s withdrew its C$1.8 billion offer for Canada based Rona. Waste Connections agreed to acquire subsidiaries of R360 Environmental for $1.3 billion in cash.

UK Home Prices Fall as Market Turns Cautious

Arthi Gupta
17 Sep, 2012
New York City

The UK indexes edged lower after home prices in the UK declined 0.6% in September. Reckitt Benckiser announced a management change. Redstone agreed to acquire Maxima for approximately

Investor Question Market Gains as Europe Faces Demonstrations

Arthi Gupta
17 Sep, 2012
New York City

World markets rested after a week of advance and growing demonstrations in Europe against the austerity measures. On merger Monday, Waste Connections agreed to acquire businesses from R360 Environmental Solutions for $1.3 billion. The Carlyle Group agreed to buy Landmark Aviation.