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Stocks Fall Ahead of Rate Decisions; Earnings Release Accelerate

Bikram Pandey
31 Jul, 2012
New York City

U.S. indexes closed down 0.4% and traded sideways ahead of the Fed decision tomorrow. Earnings release pace accelerated in the U.S., Europe, Japan and India.

U.S. Movers - 2: Arrow Electronics, Fiserv, NiSource, Tyco Intl.

Sarla Buch
31 Jul, 2012
New York City

Arrow Electronics second quarter net plunged 26.7% and Fiserv fourth quarter net surged 118% to $161 million. NiSource second quarter net surged 73% and Tyco International third quarter net declined 33% to $242 million.

U.S. Movers: Aetna, BP, Coach, Humana, Pfizer, Thomson Reuters

Mukesh Buch
31 Jul, 2012
New York City

Aetna second quarter net declined 15% to $457.6 million. BP plc swung to a quarterly loss and Coach fourth quarter net soared 24%. Humana net slipped 22.6% and Marathon Petroleum net soared 34%. Pfizer second quarter net surged 25% to $3.25 billion.

Tokyo Investors Digest a Barrage of Earnings

Nigel Thomas
31 Jul, 2012
New York City

Japanese investors faced a barrage of earnings from 270 companies. Panasonic reported seven-fold increase in operating income and Mitsui O.S.K. guided first half operating profit. Mitsubishi Electric earnings were ahead of expectations and Horikuku net jumped 58%.

Weekly Rise of 4.3% in Australian Index, Breville Group Up

Marcus Jacob
31 Jul, 2012
New York City

Australian stocks extended gains for the fourth day in a row and the benchmark ASX 200 index added 4.3% in the month. The dollar edged higher. Breville Group gained after it estimated full-year earnings growth of 40%.

U.S. Consumer Spending Flat, Home Price Index Falls

Arthi Gupta
31 Jul, 2012
New York City

U.S. indexes rose after better-than-estimated corporate earnings. Home price index declined 0.7% in May and U.S. personal income rose more than estimated in June. Valero, U.S. Steel, Cummins and Pfizer gained on better than expected earnings.

Europe Movers: Bayer, UBS, Metro and EDF

Arthi Gupta
31 Jul, 2012
New York City

Bayer, Deutsche, and UBS second quarter profit slumped. BP and Metro swung to quarterly loss. EDF first-half earnings rose.

Record Unemployment in Euro Zone; UBS, Deutsche Bank Net Plunge

Arthi Gupta
31 Jul, 2012
New York City

The European indexes edged lower after unemployment in the region stayed near record high for the second month in a row and UBS, Deutsche Bank and Bayer reported large decline in earnings. Retail sales in Spain fell.

U.S., World Markets Await ECB Action

Bikram Pandey
30 Jul, 2012
New York City

Global investors remained focused on the euro, Spain and Greece. European Central Bank and rescue fund are expected to announce decisive measures to purchase bonds of Italy and Spain as more leaders in the region lift hopes. Euro, oil and gold eased.

U.S. Movers: CNA Financial, Franklin Resources, Loews, Roper, UNS Energy

Mukesh Buch
30 Jul, 2012
New York City

Chicago Bridge & Iron agreed to buy Shaw Group for $3.04 billion. CNA Financial second quarter net soared 34% and Franklin Resources third quarter net dropped 10% to $455.3 million. Loews second quarter net plunged 78%.

Nikkei Jumps 0.8%; Fujitsu and Nippon Steel Fall on Earnings

Marcus Jacob
30 Jul, 2012
New York City

Stocks in Japan traded higher as political momentum builds in the euro zone for another round of bond purchase. Nippon Steel fell after it estimated loss in the first half. Fujitsu traded near three decade low after it reported a net loss but Konica Minolta gained on earnings.

Australian Markets Participate in Asian Rally

Marcus Jacob
30 Jul, 2012
New York City

Australian markets closed higher for the third day in a row and resources linked stocks led the advance. Iron ore prices traded near 30-month low ahead of the Chinese manufacturing data later in the week.

CB&I and Shaw in $3 B Deal, Roper to Buy Sunquest for $1.4 B

Arthi Gupta
30 Jul, 2012
New York City

U.S. indexes struggled and CB&I agreed to acquire Shaw Group for $3 billion in a cash and stock transaction. Roper agreed to acquire Sunquest for $1.415 billion. European leaders reaffirmed their commitment to the euro and indicated decisive and coordinated action as early as this week.

Europe Movers: Accor, HSBC, Benckiser and TNT

Arthi Gupta
30 Jul, 2012
New York City

Air France-KLM second quarter loss widened and Reckitt Benckiser revenue dipped. Air Liquide first-half sales and profit rose. Ryanair first quarter slumped 29% on higher fuel costs.

Spanish Economy Contracts, Italian Yield Falls Below 6%

Arthi Gupta
30 Jul, 2012
New York City

The European indexes rallied on optimism that the ECB will take steps to resolve the debt crisis. Italy raised

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