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UK Home Prices Climb, Antofagasta Earnings Decline

Arthi Gupta
29 Aug, 2012
New York City

The UK indexes tracked lower following weak European markets. The average home prices in England and Wales rose 0.3% in July. Ryanair planned to re-bid for Aer Lingus. Antofagasta first-half group revenue rose 3.5%.

U.S. GDP Revised Up to 1.7%, Heinz Net Rises

Arthi Gupta
29 Aug, 2012
New York City

U.S. indexes advanced after gross domestic product increased an upwardly revised 1.7% in the second quarter. Japan-based Daikin agreed to acquire Goodman Global for $3.7 billion. Schnitzer Steel planned to slash 300 jobs.

Europe Movers: Accor, Bouygues, L'Oreal, Volvo

Arthi Gupta
29 Aug, 2012
New York City

Accor swung to loss and Bouygues net declined 29% in the first-half. L''Oreal slumped 4.3% despite a rise in first-half sales and earnings. Volvo total deliveries from truck operations increased 5% in July.

European Indexes Decline, Yield in Italian Auction Falls

Arthi Gupta
29 Aug, 2012
New York City

The European indexes trended lower and the latest batch of economic data offered slightly better outlook. Italy raised

German Inflation Rises, French Confidence Improves

Arthi Gupta
29 Aug, 2012
New York City

German consumer price inflation rose more-than-anticipated, French business confidence and Swiss leading indicator gained in August. Italian retail sales rose in June. Danish economy shrunk more than estimated in the second quarter.

World Markets Shift Focus to Central Bankers and Politicians

Bikram Pandey
28 Aug, 2012
New York City

World markets shifted attention from earnings season to international events and possible central bank actions from the U.S. and Europe. U.S. home price index showed a slight uptick and consumer confidence index declined. Commodities traded in a narrow range.

Japan Lowers Economic Views on Weak Exports, Industrial Output

Nigel Thomas
28 Aug, 2012
New York City

Japan lowered its assessment of economic activities in the second half and blamed it on slowing growths in China and the U.S. and overhang of debt crisis in the euro zone. However, economic growth was left unrevised for now and the latest downgrade is the first since October 2011.

U.S. Movers: Bank of Montreal, Cyberonics, Movado, Lexmark, PVH

Mukesh Buch
28 Aug, 2012
New York City

Bank of Montreal third quarter net surged 37% and Cyberonics climbed as net advanced. Movado soared after net surged 83% and lifted its fiscal outlook. Lexmark jumped on restructuring and plans to eliminate 1,700 jobs. PVH third quarter net soared 31%.

UK Indexes Decline, Irish Retail Sales Rise

Arthi Gupta
28 Aug, 2012
New York City

The UK indexes declined and caught up with the gloomy world market outlook as Japan joined China and the euro zone in lowering economic outlook. Irish retail sales increased in July. G4S planned to cut 1,100 jobs as part of a restructuring.

U.S. Home Prices Improve, Hudson City and M&T Bank in a Deal

Arthi Gupta
28 Aug, 2012
New York City

U.S. indexes edged lower after metropolitan home price index improved in June. A lowered growth forecast from Japan and the European debt crisis marred investor sentiment. Hudson City Bancorp agreed to merge with M&T Bank in $3.7 billion deal.

Australia Holds Surplus Outlook; GrainCorp, Virgin, Newcrest in Focus

Marcus Jacob
28 Aug, 2012
New York City

Defensive sector stocks in Sydney closed higher as investors focused on utilities, banks and pharmaceutical companies. Global economic backdrop weakened after Japan lowered its assessment. Treasurer Swan held his surplus target and outlook.

Spanish Economy Contracts 0.4%, German Confidence Stable

Arthi Gupta
28 Aug, 2012
New York City

German consumer confidence is expected to remain stable in September. French unemployment and euro zone money supply growth rose in July. Spanish economy contracted 0.4% in the second quarter. Hungarian central bank cut key rate by 25 basis points.

Europe Movers: Credit Agricole, Ipsen, Vestas

Arthi Gupta
28 Aug, 2012
New York City

Credit Agricole second quarter net income plunged 67% on Intesa impairment charges and Greek costs. Ipsen first-half total revenues rose 9% to

European Indexes Lower, ECB Speculation Dominates

Arthi Gupta
28 Aug, 2012
New York City

The European indexes declined after Japan lowered growth assessment. Spanish and Italian borrowing costs fell in bond auctions today. German consumer confidence set to remain stable in September. Credit Agricole second quarter net income plunged 67%.

Global Deal Making Drives Markets on Monday

Bikram Pandey
27 Aug, 2012
New York City

World markets held out the prospect of central bank action and the latest data from China offered another indication of slowing economy. Deal making was in full swing. IBM announced a purchase of human resource services provider and Hertz and Dollar Thrifty Group finally sealed an agreement.

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