ticker

Nikkei Soars 2% in Nervous Market Sentiment

Nigel Thomas
06 Aug, 2012
New York City

Stocks in Tokyo surged following the market advance last week in Europe and New York. Taiwan based Hon Hai Precision said it does not have to carry out investment in Sharp after the latest price volatility. Nippon Sheet Glass Co Ltd extended losses for the second day.

Australian Indexes Up 1%, Harvey Norman Estimates Sharp Earnings Fall

Marcus Jacob
06 Aug, 2012
New York City

Australian markets traded higher following a surge in Friday

Best Buy, Cognizant, Dril-Quip Rise; HCA, AES, Tesco Fall

Mukesh Buch
06 Aug, 2012
New York City

Best Buy founder offered to take the company private. Cognizant Technology soared 11% after it revised higher its adjusted profit outlook and HCA Holdings net soared 71%. The AES second quarter net dropped 19.5%.

Best Buy Founder Offers $8.8 B, Wall Street Higher on EU Hopes

Arthi Gupta
06 Aug, 2012
New York City

Wall Street traded higher at the opening and the advances in technology and energy sectors led the gainers. Investors are scheduled to review the international trade, wholesale trade inflation and 30-year bond auction and a barrage of earnings from retailers.

Europe Movers: ASML, easyJet, Richemont, UniCredit

Arthi Gupta
06 Aug, 2012
New York City

UniCredit second quarter profit plunged 67% impacted by loan loss provisions. Richemont estimates first-half net profit to increase between 20% and 40% and Basler new order bookings orders fell 5%.

Troika to Revisit Greece in September, UniCredit Net Plunges 67%

Arthi Gupta
06 Aug, 2012
New York City

The European indexes traded higher and Greek negotiations enter the next phase. Italy is set to approve additional spending cuts and investors speculated on the Spanish bailout. The UK home prices fell, German construction sector and the EU productivity declined.

Wall Street Rebounds after 4-Day Slump, European Markets Soar

Bikram Pandey
03 Aug, 2012
New York City

U.S. indexes soared after payrolls increased more than estimated in July sparking a rally. The S&P 500 index increased 1.8% and index in Europe soared between 3% and 6%. Commodities advanced. For the week the S&P 500 rose 0.4% and the Nasdaq Composite added 0.3%.

P&G, Telus Rise; Green Mountain Coffee Falls

Sarla Buch
03 Aug, 2012
New York City

Green Mountain Coffee third quarter soared 30% and Procter & Gamble fourth quarter net surged 45% and updated its outlook. Viacom second quarter net slipped 7% and Yelp said second quarter net loss widened but revenues rose more than expected.

Sharp Tumbles 28%; Toyota Net Rises, Sony Lowers Outlook

Nigel Thomas
03 Aug, 2012
New York City

Investors in Tokyo were cautious and participated in global market selloff and remained focused on domestic economy oriented companies. Sharp tumbled 28% and traded at a 3-decade low after it reversed its outlook to a loss and Sony fell 7% after it cut its full year estimate.

Apache, Kraft Foods, Kellogg Rise; Activision Falls

Mukesh Buch
03 Aug, 2012
New York City

AIG second quarter net surged 27% and renamed its advisory services business. Apache second quarter net plunged 73% and Activision net declined 45%. Kraft Foods net rose 5.4% to $1.03 billion and set October 1 as the spin-off date.

Australian Markets Fall, BHP Billiton Writes Down Shale Gas Assets

Marcus Jacob
03 Aug, 2012
New York City

Australian markets declined following worldwide market selloff after central bank in Europe failed to offer immediate specific steps. BHP Billiton finally faced the expensive shale gas acquisition in the U.S. and wrote down assets by $2.5 billion.

U.S. Jobless Rate at 8.3%, Stocks Surge

Arthi Gupta
03 Aug, 2012
New York City

U.S. indexes gained after nonfarm payrolls rose more than estimated in July. CF Industries agreed to acquire Viterra

Europe Movers: Allianz, AXA, Dexia and RBS

Arthi Gupta
03 Aug, 2012
New York City

Allianz quarterly revenues rose 23% but RBS operating profit fell 22%. AXA net income slumped 36% and Dexia loss narrowed in the first-half. International Consolidated Airlines swung to loss in the second quarter.

European Indexes Rebound; Spanish, Italian Yields Above 6%

Arthi Gupta
03 Aug, 2012
New York City

The European indexes edged higher after euro area retail sales increased in June. Spanish and Italian yields rose above 6%. BHP said it will write down $3.3 billion of U.S. shale gas business and Australian nickel operations. RBS quarterly operating profit fell 22%.

Wall Street in 4-Day Slump, European Markets Drop 2.5%

Bikram Pandey
02 Aug, 2012
New York City

U.S. indexes fell after European Central Bank said it is prepared to purchase additional sovereign bonds only if rescue fund acts first and politicians take steps to restructure economies. Markets in New York dropped 1% and in Europe fell more than 2.5%. Gold, oil and copper eased between 1% and 3%.

Market Update