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Nikkei Extends Losses to 4th Day, Toyota Sales in China Drop 15%

Nigel Thomas
04 Sep, 2012
New York City

The Nikkei index in Tokyo traded lower for the fourth day in a row and tested a 4-week low. Japan Tobacco declined 4% after Russian ministry proposed a ban on smoking in public places. Toyota eased after sales in China declined 15%.

Australian Holds Rates at 3.5%, Fortescue Defers Capital Spending

Marcus Jacob
04 Sep, 2012
New York City

Australian markets were under pressure and closed down 0.5%. Reserve Bank of Australia left its key lending rate unchanged at 3.5% for the third month in a row. Fortescue Metals joined other mining companies and deferred its capital spending plan as the iron ore prices fall to a 3-year low.

Japanese Auto Sales Rise 12.4%, Capital Spending Up 6.6%

Nigel Thomas
03 Sep, 2012
New York City

Stocks in Tokyo fell for the third day in a row and closed at a 4-week low. The disappointing Chinese manufacturing read also added to market jitters and the non-mini auto sales in August growth declined. Capital spending increased 6.6% in the quarter to June.

Europe Movers: Fresenius, Holcim, Novartis, Total

Arthi Gupta
03 Sep, 2012
New York City

Fresenius decided to not make an offer to acquire Rhon-Klinikum AG. Holcim Ltd targeted higher return on invested capital and improve operating profit. Three former executives at UBS AG were convicted in municipal financing fraud contract.

Australian Retail Sales and Mining Investment Decline

Marcus Jacob
03 Sep, 2012
New York City

Resource stocks were on the decline in Sydney after latest data on capital spending showed a first decline in several years. Australian retail sales declined 0.8% in July and Chinese manufacturing growth declined to a nine-month low.

Weak European Manufacturing Data Adds to ECB Expectations

Arthi Gupta
03 Sep, 2012
New York City

The European indexes inched higher ahead of the ECB meeting on Thursday. The euro zone manufacturing sector contracted for the thirteenth month in a row in August. Fresenius decides not to submit a new takeover offer for Rh

Euro Zone Manufacturing Downturn Continues

Arthi Gupta
03 Sep, 2012
New York City

Downturn in euro zone manufacturing continued in August on weaker inflows of new orders from domestic markets and a broader softening of global economic growth. Production continued to drop sharply in Germany, France, Italy, Sweden and Spain.

S&P Gains 1.9% in August, Gold Advances to 4-Month High

Bikram Pandey
31 Aug, 2012
New York City

U.S. indexes traded higher after Fed Chairman Bernanke laid out a case for additional stimulus but did not offer specific steps. He also highlighted that elevated unemployment is likely to persist. Broader market averages in New York gained for the third month in a row.

Bernanke Outlines a Case for Additional Stimulus

Devan Biswas
31 Aug, 2012
New York City

Fed Chairman offered a forceful case for additional measures to support economic growth and improve labor markets but fell short of specifics and a clear timetable. Markets are anticipating news measures to kick in at the next meeting on September 12.

Nikkei Nears One-Month Low, Industrial Production Falls 1.2%

Nigel Thomas
31 Aug, 2012
New York City

Market indexes in Tokyo traded lower and the benchmark index fell to a one-month low after industrial production declined in July. The consumer price index barely increased stoking fears of deflation. Machinery makers fell for the second week on the worries of falling orders from mining companies.

U.S. Movers: Esterline Technologies, Gordmans Stores, OmniVision, Carlyle

Mukesh Buch
31 Aug, 2012
New York City

Esterline Technologies reported quarterly loss. Gordmans Stores net jumped 21% on flat comparable sales. OmniVision net tumbled 95% and SAIC net plunged 38%.

Australian Stocks Flat, Harvey Norman Net Falls

Marcus Jacob
31 Aug, 2012
New York City

Australian stocks were generally quiet as the earnings season winds down and investors await the release of economic data from China this weekend. Resource sector stocks were in focus on the prospect of profit decline. Harvey Norman, the retailer reported full-year net declined.

UK Confidence Flat, Home Prices Fall

Arthi Gupta
31 Aug, 2012
New York City

The UK market indexes advanced and consumer confidence index remained unchanged and home prices declined in August. Computacenter first-half group revenue rose 4.2% to

Wall Street Surges on Euro Hopes, Bernanke Speech Looms

Arthi Gupta
31 Aug, 2012
New York City

U.S. indexes shot up at the opening on the prospect of new actions from the ECB. Investors are focused on the world meeting of central bankers where the Federal Reserve Chairman Ben Bernanke is scheduled to speak later today. SAIC planned to separate into two publicly traded companies.

Europe Movers: Essilor, Lagardere, Vivendi

Arthi Gupta
31 Aug, 2012
New York City

Essilor revenue climbed 23% and profit advanced 16.4% in the first-half. Lagardere first-half net income rose to

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