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Markets Extend Gains, U.S. Trade Deficit Flat

Arthi Gupta
11 Sep, 2012
New York City

U.S. indexes extend gains ahead of the Fed meeting. U.S. trade deficit rose slightly in July. The U.S. Treasury priced AIG stock at $32.50 per share. The OECD unemployment rate increased slightly in July.

Europe Movers: Ashmore, Burberry, Deutsche Bank, Philips

Arthi Gupta
11 Sep, 2012
New York City

Ashmore full year pre-tax profit fell to

Euro Nears 4-Month High on German Ruling Optimism

Arthi Gupta
11 Sep, 2012
New York City

The European indexes declined on euro area woes. German wholesale price index rose in August. The UK home prices declined in August and deficit narrowed in July. Philips plans to slash 2,200 positions and lower costs by as much as

UK Confidence at 20-Year Low, Dixons, Marks & Spencer in Focus

Arthi Gupta
10 Sep, 2012
New York City

The UK indexes slid after business confidence plummeted to a 20-year low in August. Shell agreed to sell its 50% working interest in the Holstein Field to Plains Exploration for $560 million. Marks & Spencer Group gained 3% on deal speculation.

Japan Lowers GDP Growth to 0.2%, Current Account Surplus Narrows

Nigel Thomas
10 Sep, 2012
New York City

Stocks in Tokyo trading were on the defensive after China reported weak economic data and U.S. employment rebound was less than expected. Japan lowered its June quarter economic growth to 0.2%. Electronic chip-equipment makers declined after Intel lowered its annual view.

BP to Sell $5.6 B of Gulf of Mexico Assets, China Faces Slowdown

Arthi Gupta
10 Sep, 2012
New York City

U.S. indexes traded lower after weaker-than-estimated Chinese economic data. BP agreed to sell its non-strategic Gulf of Mexico assets to Plains Exploration for $5.55 billion. Garda agreed to be acquired by consortium for C$1.1 billion.

Fed Measures Awaited, Greece in Focus

Bikram Pandey
10 Sep, 2012
New York City

Investors were on the sideline after the market surge last week and ahead of the Fed meeting mid-week. Markets have built up expectations of another round of stimulus. Greece regained focus after coalition members failed to agree on spending cuts demanded by lenders.

U.S. Movers: AIG, Infosys, Plains Exploration, Titan Machinery

Mukesh Buch
10 Sep, 2012
New York City

U.S. Treasury plans to cut its stake in AIG and raise $18 billion in a public offering. Infosys agreed to acquire a Zurich based Lodestone $349 million in cash. Optical Cable surged on net jumped. Plains Exploration agreed to buy US Gulf assets from BP for $5.55 billion.

Miners Cut Jobs in Australia

Marcus Jacob
10 Sep, 2012
New York City

Australian stocks were directionless in trading after China reported monthly imports declined. Xstrata and BHP Billiton announce job cuts totaling 900 positions. Qantas made a case for its international alliance with Dubai based Emirates.

Euro Confidence Recovers, Italian Contraction Revised Deeper

Arthi Gupta
10 Sep, 2012
New York City

Investor confidence in the euro area strengthened in September. Greek production fell in July and Italian economy contracted 0.8% in the second quarter.

Stronger Demand for German Bonds, Yield Stay Negative

Arthi Gupta
10 Sep, 2012
New York City

The European markets declined and Germany sold 6-month treasury bills at negative yields but Italian and Spanish yields rose. Glencore confirmed its sweetened offer for Xstrata Plc is final. Transocean agreed to sell 38 shallow water drilling rigs to Shelf Drilling for $1.1 billion.

Euro Support Lifts S&P 500, Global Markets and Gold

Bikram Pandey
07 Sep, 2012
New York City

Financial markets around world closed the week with the largest gains in nine weeks. S&P 500 index added 1.9% and DAX index in Germany soared more than 17%. Gold, copper and silver gained more than 2% after the European Central Bank decided to buy more bonds stoking fears of inflation.

Nikkei in Strongest Rally in Five Months, Japan Tobacco Falls

Nigel Thomas
07 Sep, 2012
New York City

Japanese markets rallied and participated in the worldwide gains after the central bank in Europe followed through its promise to buy back bonds. Japan Tobacco dropped after France proposed to increase tax as early as next month. Toshiba Corp surged on the prospect of higher prices.

Australian Trade Deficit Doubles on Exports Decline of 3%

Marcus Jacob
07 Sep, 2012
New York City

Australian markets opened sharply higher after the ECB policy announcement and China offered to finance more infrastructure projects. Australian trade deficit soared in July to $556 million as exports fell 3% and imports decreased 1%.

UK Production Rebounds and Markets Extend Gains

Arthi Gupta
07 Sep, 2012
New York City

The UK indexes traded higher after industrial production rebounded in July and output prices rose in August. New construction orders in the UK rose 0.2% in the second quarter.

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