Market Update

U.S. Movers: Autoliv, Baker Hughes, Google, Novartis, Travelers Cos.

Mukesh Buch
20 Jul, 2012
New York City

Baker Hughes second quarter net soared 17% to $439 million. Google second quarter net surged 17% to $2.79 billion. Novartis second quarter net flat to $2.73 billion. Travelers Companies second quarter net swung to $499 million profit.

U.S. Movers: BB&T, Chipotle, General Electric, Microsoft, Schlumberger

Mukesh Buch
20 Jul, 2012
New York City

BB&T second quarter net surged 66%. eBay trimmed third quarter earnings guidance. General Electric second quarter net climbed 6.7% to $4 billion and Microsoft second quarter net swung to $492 million loss. Schlumberger second quarter net increased 4% to $1.40 billion.

UK Public Sector Borrowing Rises, Vodafone Revenues Fall 8%

Arthi Gupta
20 Jul, 2012
New York City

The UK indexes declined after public sector net borrowing rose in June. The home price sentiment index dropped in July. Vodafone declined 2.8% on weak first quarter revenues. London and Singapore exchanges are reported to have merger talks.

Wall Street Lower on Euro Zone Worries; Microsoft Swings to Loss

Arthi Gupta
20 Jul, 2012
New York City

U.S. indexes edged lower as euro zone worries mounted. eBay trimmed earnings outlook on $3 billion debt offering impact and Microsoft swung to quarterly loss on hefty goodwill impairment charges.

Australian Indexes Close Lower After Choppy Trading

Marcus Jacob
20 Jul, 2012
New York City

Australian stocks closed lower today in choppy trading and resource stocks closed higher after oil increased for the eighth day in a row. For the week the ASX index increased 2.9%. Ten Network was halted ahead of the sale of its outdoor advertising unit.

Europe Movers: Heineken, KTM, Scania and Sulzer

Arthi Gupta
20 Jul, 2012
New York City

Haldex AB declined 7% after second quarter plunged 85%. Heineken N.V. increased 1% after it agreed to acquire its partner in Singapore based Pacific Breweries. Scania AB added 5% after quarterly net fell 40%, less than expected.

European Indexes Mixed, Spanish Yield Above 7%

Arthi Gupta
20 Jul, 2012
New York City

The European indexes traded lower ahead of the euro area finance ministers conference call. Heineken offered to acquire Fraser & Neave

German PPI Eases, French Leading Index Drops

Arthi Gupta
20 Jul, 2012
New York City

German producer price inflation slowed and Danish retail sales decreased in June. The French leading economic index declined for a second straight month and Dutch consumer spending fell in May.

Weak U.S. Economic Data Overshadow Positive Earnings

Bikram Pandey
19 Jul, 2012
New York City

U.S. indexes were flat after weak batch of economic data overshadowed generally positive earnings. Home sales fell in June and weekly unemployment claims rose. UK retail sales exceeded expectations and German lawmakers approved Spanish bailout with conditions.

UK Retail Sales Climb, Libor Scandal Scrutiny Widens

Arthi Gupta
19 Jul, 2012
New York City

The UK indexes were nearly flat as regulators around the world widen the Libor scandal investigation. UK gross mortgage lending declined but retail sales increased in June. Kingfisher slumped 2.6% on weak outlook.

U.S. Movers: AutoNation, IBM, Union Pacific, Yum! Brands

Mukesh Buch
19 Jul, 2012
New York City

AutoNation second quarter net increased 9% to $78.6 million and Danaher net slipped 8% to $600.1 million. IBM second quarter net increased 6% to $3.88 billion and raised full year expectations. Union Pacific second quarter net advanced 27.4% to $1 billion.

U.S. Movers: Capital One, eBay, Danaher, Morgan Stanley, Verizon

Mukesh Buch
19 Jul, 2012
New York City

Capital One second quarter net plunged 90% and eBay second quarter net jumped 144% to $692 million. Johnson Controls net surged 17% and Morgan Stanley net swung to $564 million profit. Verizon second quarter net climbed 13.7% to $1.83 billion.

U.S. Jobless Claims Rise, Morgan Stanley Swings to Profit

Arthi Gupta
19 Jul, 2012
New York City

U.S. indexes edged higher driven by better-than-anticipated earnings but weekly jobless claims jumped 34,000 to 386,000. UnitedHealth lifted full-year outlook and Morgan Stanley swung to profit. Fab.com raised $105 million that valued the online retailer at $1 billion.

Nikkei Rebounds on Tech Stocks, Yen Firms

Marcus Jacob
19 Jul, 2012
New York City

Stocks in Japan closed higher in thin trading and the yen gained for the second day in a row against the dollar and the euro. Advantest and Tokyo Electron jumped after Intel lowered sales outlook below expectations.

Australian Indexes Surge 2% on Higher Oil Prices

Marcus Jacob
19 Jul, 2012
New York City

Australian indexes, resource stocks and dollar advanced after oil futures rose for the seventh day in a row. The ASX 200 index increased 2% and the Australian dollar hit a new high against the euro and reached a high since May.