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UK Shop Price Inflation, Service Sector Activity Improves

Arthi Gupta
05 Sep, 2012
New York City

The UK indexes drifted lower after shop price inflation rose marginally and service sector activity improved in August. Irish service sector activity rebounded and the UK foreign currency reserves increased in August. BP Plc faces gross negligence charges in the Gulf of Mexico oil spill.

U.S. Movers: Conn

Mukesh Buch
05 Sep, 2012
New York City

Conn

U.S. Productivity Climbs, FedEx Lowers Outlook

Arthi Gupta
05 Sep, 2012
New York City

U.S. indexes declined after labor productivity rose more than estimated in the second quarter. FedEx lowered first quarter earnings outlook. General Cable completed the acquisition of the North American portion of Alcan Cable for $151 million.

Nikkei in 5-Day Slump, Automakers Fall

Nigel Thomas
05 Sep, 2012
New York City

Stocks in Tokyo closed lower for the fifth day in a row and closed at a five-week low after weak manufacturing and construction data in the U.S. confirmed global economic slowdown. Toyota, Honda and Nissan edged lower after missing U.S. auto sales target in August.

Australian GDP Growth Declines to 0.6%

Marcus Jacob
05 Sep, 2012
New York City

Australian GDP growth in the June quarter fell to 0.6% after rising at 1.4% in the previous quarter. The economy is expected to slow further in the second half as the iron price drop to a 3-year low.

Euro Zone Output Contracts, Retail Sales Drop

Arthi Gupta
05 Sep, 2012
New York City

Euro zone economic downturn continued in August, as output contracted in Germany, France, Italy and Spain. Swiss consumer prices fell in August and retail sales in the euro zone declined in July.

Europe Movers: BASF, BMW, Deutsche Bank, ING, Richemont

Arthi Gupta
05 Sep, 2012
New York City

Richemont confirmed operating profit for the six months to be around 20% to 40% higher than last year. BMW U.S. vehicle sales declined in August. Schneider disposed AXA stake for

European Indexes Sideways, German Auction Falls Short of Target

Arthi Gupta
05 Sep, 2012
New York City

The European indexes traded sideways ahead of the ECB policy meeting tomorrow. Germany sold

Afternoon Rebound Pares Market Losses, Strong Rebound in Auto Sales

Bikram Pandey
04 Sep, 2012
New York City

U.S. indexes reversed earlier losses on a rally in tech stocks. Construction spending fell and factory activities, orders and employment fell in August confirming worldwide slowdown. GM auto sales in August increase 10% and Toyota sales jump 46%.

U.S. Movers: Campbell Soup, Heckmann, Quanex, Valeant Pharmaceuticals

Mukesh Buch
04 Sep, 2012
New York City

Campbell Soup net jumped 27% and issued fiscal guidance. Heckmann to buy Power Fuels total valued approx $370 million. Smithfield Foods net declined 25%. Valeant Pharmaceuticals to acquire Medicis Pharmaceutical for $2.6 billion in cash.

UK Retail Sales, Construction Fall; Osborne Survives Reshuffle

Arthi Gupta
04 Sep, 2012
New York City

The UK indexes slid after retail sales fell and construction contracted in August at the second fastest pace since snow storm in March 2010. Bottomline agreed to acquire Albany Software.

Valeant to Acquire Medicis for $2.6 B, Wall Street Opens Lower

Arthi Gupta
04 Sep, 2012
New York City

U.S. indexes accelerated the decline after disappointing manufacturing and construction spending data. European Central Bank hinted at short term bond buying. Valeant agreed to acquire Medicis for $2.6 billion and Onex is in a deal with SGS International for $813 million.

UK Manufacturing Activity Improves, Phoenix IT Plunges 36%

Arthi Gupta
03 Sep, 2012
New York City

The UK indexes gained on a rally in resource sector on the hopes of another round of measures from central banks in Europe and in Asia. The UK manufacturing sector downturn eased sharply and Irish manufacturing improved at a slower pace in August.

Spanish Unemployment Rises, Euro Zone Producer Prices Climb

Arthi Gupta
04 Sep, 2012
New York City

Spanish unemployment rose in August by 0.8% to 4.6 million as the nation struggles with a cut in government jobs. The Swiss economy contracted in the second quarter. Industrial producer prices gained in the euro area and Romanian retail sales rose in July.

European Leaders Ramp Up Diplomacy; Spanish, Italian Yields Drop

Arthi Gupta
04 Sep, 2012
New York City

The European indexes edged lower after Moody''s lowered the European Union

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