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European Investors Shift Focus to Spanish Bailout

Arthi Gupta
17 Sep, 2012
New York City

The European indexes edged lower after the euphoria of the Fed stimulus action waned and leaders in the region step up diplomacy to decide the fate of larger bailout for Spain. The euro zone finance ministers meeting in Cyprus was inconclusive.

Australian Indexes Extend Gains as Commodities Advance

Marcus Jacob
17 Sep, 2012
New York City

Australian markets closed at a new 4-month high after oil, copper, iron ore, nickel and gold advanced in international markets. Fortescue Metals was halted for the second day in a row. Qantas won a regulatory approval for its code sharing alliance with South African Airways.

Europe Movers: Deutsche Bank, Fresenius, H & M, SSAB

Arthi Gupta
17 Sep, 2012
New York City

Hennes & Mauritz said August sales increased and comparable sales decreased 4%. SSAB plunged on weak third quarter outlook. Deutsche Bank and Fresenius Medical appoint new executives.

Euro Zone Surplus Widens, German Manufacturing Jobs Rise 2.5%

Arthi Gupta
17 Sep, 2012
New York City

The euro zone current account surplus narrowed, German manufacturing sector employment rose, and Italy recorded a surplus of

Blue Chips Advance, Dollar Falls; Asian Markets Lead Global Rally

Bikram Pandey
14 Sep, 2012
New York City

U.S. indexes extended gains for the second day and the mortgage bonds spreads fall to record low after the Fed announced a plan to purchase bonds. Gold added 2% in the week and soared 13% in the year. Apple closed at a new high and won a ruling in a case brought by Samsung.

UK Home Prices Recover, Construction Output Drops

Arthi Gupta
14 Sep, 2012
New York City

The UK indexes advanced following the world markets rally sparked by the U.S. Federal Reserve to print more money. The UK construction output fell and Irish surplus increased in July. Home prices in the United Kingdom rebounded in August.

U.S. Movers: Analogic, Bayer HealthCare, Home Depot, Werner Enterprises

Mukesh Buch
14 Sep, 2012
New York City

Analogic net jumped 75% and reaffirmed fiscal outlook. Bayer HealthCare agreed to be acquired by Teva Pharmaceuticals for as much as $145 million. Summit Midstream agreed to acquire La Grange for $207 million. Home Depot plans to close seven big box stores in China.

U.S. Extends Global Markets Rally, Retail Sales Advance

Arthi Gupta
14 Sep, 2012
New York City

U.S. indexes extended gains for the second day after the Fed move sparked a global rally. U.S. retail sales and consumer prices rose but output fell in August. Western Digital lowered first quarter revenue forecast.

Nikkei Surges 1.8% and Yen at 7-Month High on Fed Moves

Nigel Thomas
14 Sep, 2012
New York City

Tokyo markets rallied following the global markets advance after the U.S. Federal Reserve offered third stimulus to revive economic growth and weaken unemployment rate. The high yen may limit the future gains in the yen. Seven & I Holdings Co said its operating profit is expected fall 2%.

Resource Stocks Power Australian Rally; Fortescue Halted

Marcus Jacob
14 Sep, 2012
New York City

Australian stocks closed at a 4-month high after a broad rally in resource stocks. U.S. Fed moved to offer a third round of stimulus with the help of printing new money that powered the latest rally in resource stocks. Fortescue was halted ahead of $9 billion debt restructuring.

Euro Zone Inflation Rises to 2.6%, Spanish Home Prices Slump

Arthi Gupta
14 Sep, 2012
New York City

Euro area annual inflation increased to 2.6% in August but employment was stable in the second quarter. Hungarian production fell but Italian surplus rose in July. Spanish home prices slumped in the second quarter.

Europe Movers: Bayer, Drillisch, Volkwagen, Wolford

Arthi Gupta
14 Sep, 2012
New York City

Bayer agreed to acquire the U.S. animal health business of Teva for up to $145 million. Gerry Weber third quarter sales revenues climbed 22% to

European Indexes Soar 2%, Unemployment Rate Stable

Arthi Gupta
14 Sep, 2012
New York City

The European indexes soared after the U.S. Federal Reserve began the third round of stimulus action. Euro area annual inflation increased and net borrowing by Spanish banks rose in August. G20 gross domestic product growth slowed in the second quarter.

Fed Pledges Open-Ended Bond Buying; Stocks, Gold Surge 2%

Bikram Pandey
13 Sep, 2012
New York City

The Federal Reserve opened a new round of unconventional measures to tackle the chronic high unemployment rate. The latest round of mortgage bond buying follows $2.3 trillion of bond purchase in the last two measures since November 2008. Financial markets gained. Gold added 2% and silver jumped 4%.

Shippers Rebound in Tokyo Trading; Itochu and Dole in a $1.6 B Deal

Nigel Thomas
13 Sep, 2012
New York City

Stocks in Tokyo closed higher and the yen firmed for the third day in a row. Shipping companies led the market gainers on the prospect of higher container rates. Murata Manufacturing, Meiko, Sumida and TDK surged after Apple released thinner and faster mobile phone.

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