ticker

Australian Markets React Positively to 7.6% Growth in China

Marcus Jacob
13 Jul, 2012
New York City

Australian stocks rebounded after China reported strong but the slowest economic growth in the three years. Industrial production and retail sales matched the previous quarter data but construction declined. Resources linked stocks gained after commodities and the dollar edged up.

French Retail Sales Rebound, Spanish Inflation Flat

Arthi Gupta
13 Jul, 2012
New York City

French retail sales rebounded, Spanish consumer price inflation remained unchanged but Swiss producer and import price index fell in June. Hungarian output declined and Czech current account slipped to deficit in May.

Italian Auction Raises

Arthi Gupta
13 Jul, 2012
New York City

The European indexes gained after China reported GDP that met expectations. Italy sold

U.S. Deficit Widens in June, 9-month Shortfall Declines 6.7%

Arjun Dave
12 Jul, 2012
New York City

The Treasury Department said June deficit widened 38.7% to $59.7 billion. Revenues increased 4.2% and expenditures increase 9.3%. For the first nine months, the deficit declined 6.7% to $904.2 billion.

Record Low Mortgage Rates, Global Slowdown Worries Wall Street

Bikram Pandey
12 Jul, 2012
New York City

U.S. indexes struggled as investors feared that worldwide economic slowdown may dampen earnings of domestic companies. Infosys lowered its sales outlook. Grocery retailers dropped after SuperValu cut its dividend and plans to lower prices. Mortgage rates drop to a new low.

U.S. Movers: Chevron, Fastenal, Infosys, Marriott International, Supervalu

Mukesh Buch
12 Jul, 2012
New York City

Chevron lifted second quarter earnings outlook. Fastenal second quarter increased 19.3% to $112.3 million. Infosys first quarter net rose 8.3% to $416 million. Marriott International second quarter net grew 6% to $143 million.

UK Indexes Slump, Dentsu to Buy Aegis for

Arthi Gupta
12 Jul, 2012
New York City

The UK indexes slumped after home purchase loans rose in May. Irish economy shrunk in the first quarter and inflation eased in June. Aegis agreed to be acquired by Dentsu for

Nikkei Plunges 1.5% After BoJ Holds Firm

Nigel Thomas
12 Jul, 2012
New York City

Stocks in Tokyo fell for the sixth day in a row after the central bank held its asset purchase and lending program and offered less than expected aggressive response to revive the economy. The yen traded volatile. Asahi Glass plunged after it lowered its fiscal year operating earnings outlook.

U.S. Weekly Jobless Claims at 4-Year Low, Import Prices Decline

Arthi Gupta
12 Jul, 2012
New York City

U.S. indexes rose after weekly jobless claims fell, import prices declined in June and foreclosure activity dropped in the first-half. Japan-based Dentsu agreed to acquire UK-based Aegis Group for $4.9 billion.

Australian Employers Cut 22,700 Jobs, Stocks in 6-Day Slump

Marcus Jacob
12 Jul, 2012
New York City

Australian indexes turned lower for the sixth day in a row after local employers cut 22,700 jobs in June and unemployment increased to 5.2%. The dollar edged lower ahead of GDP data from China tomorrow.

Yields at Italian Debt Auction Fall, Carrefour Up 5%

Arthi Gupta
12 Jul, 2012
New York City

The European indexes declined after latest statement from the ECB highlighted downside risks and the European industrial production rebounded unexpectedly. Italy sold

Greek Jobless Rate at 22.5%, Euro Area Output Improves

Arthi Gupta
12 Jul, 2012
New York City

Greek jobless rate rose to a record high in April. German wholesale price inflation eased but French annual inflation remained unchanged in June. Industrial production in the euro area improved and Dutch exports soared in May.

Stocks Fall After Immediate Stimulus Hopes Fade, World Markets Cautious

Bikram Pandey
11 Jul, 2012
New York City

U.S. indexes accelerated the decline after the prospect of another stimulus faded. The latest minutes of Fed meeting showed that more action may be needed to lower unemployment rate but also noted most of the jobless rate is driven by structural factors.

U.S. Trade Deficit Narrows, Stocks Lower Ahead of Minutes

Arthi Gupta
11 Jul, 2012
New York City

U.S. indexes traded sideways after trade deficit contracted and wholesale inventories increased in May. Unit Corp agreed to acquire certain oil and natural gas properties from Noble Energy for $617 million.

Libor Rate Scandal Widens to Regulators, Burberry Plunges 8%

Arthi Gupta
11 Jul, 2012
New York City

The UK indexes fell after economy remained flat in the June quarter. Burberry plunged despite a rise in quarterly revenues. Rolls-Royce won $280 million worth order from Avianca and Shell acquired remaining outstanding shares in Gasnor for $74 million.

Market Update