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Market Update

Nikkei Eases Ahead of Sales Tax Vote Tomorrow

Nigel Thomas
25 Jun, 2012
New York City

Stocks in Tokyo fell for the second day in a row and retailers, resource and shipping sector stocks led the decline. The yen gained a fraction and energy prices fell as investors question the outcome of the latest meeting of the European leaders.

Australian Stocks Decline, Billabong Plunges 48%

Marcus Jacob
25 Jun, 2012
New York City

Investors in Australia and in Asia are increasingly turning away their focus from the euro zone as the summit paralysis sets in. Billabong plunges 48% as investors dump share as the company launches its public offer. Fairfax embarks on a restructuring and shakes up its editorial leadership.

German Public Debt Rises, Spanish PPI Climbs

Arthi Gupta
25 Jun, 2012
New York City

German public debt rose in the first quarter and Hungarian retail sales fell in April. Spanish producer price inflation rose in May and Economic confidence in the Czech Republic weakened in June.

European Markets Worry of Larger Spanish Bailout

Arthi Gupta
25 Jun, 2012
New York City

European markets were on the edge on the first day of trading as the leaders in the region prepare to gather to finalize the region wide banking integration. Spain requested formally for a bank aid and the prospect of a larger bailout loomed.

European Leaders Pledge

Bikram Pandey
22 Jun, 2012
New York City

U.S. indexes rebounded as leaders of Germany, France, Italy and Spain pledged stimulus package of as much as

U.S. Movers: Carnival Corp., Clarcor, Darden Restaurants, Ryder System

Mukesh Buch
22 Jun, 2012
New York City

Carnival Corp. second quarter net tumbled 93.2% to $14 million and Clarcor second quarter nearly flat to $32.9 million. Darden Restaurants fourth quarter net surged 10% and Ryder System lowered its second quarter and full year outlook.

Resources Heavy UK Indexes Drop, Michael Page Plunges 7%

Arthi Gupta
22 Jun, 2012
New York City

The UK indexes turned lower after home price sentiment index remained unchanged in June. Investors focused on the rising prospects of a larger bailout in Spain and growing problem at domestic banks. Banks rose despite a rating agency downgrade.

U.S. Indexes in Early Rebound, Banks Trade Higher

Arthi Gupta
22 Jun, 2012
New York City

U.S. indexes rebounded in early trading and banks gained despite the latest rating downgrade. Commodities prices were flat and markets in Europe dropped more than 0.4%. Arch Coal plans to halt production and cut costs.

Weekly Rise of 2.7% in Nikkei

Nigel Thomas
22 Jun, 2012
New York City

Tokyo stocks declined as investors turned away from international markets and sharpened focused on domestic companies. Resource and steel companies fell more than 1% after prices of gold, copper and oil dropped the most in five months.

Weak Resource Stocks Lead Australian Markets Lower

Marcus Jacob
22 Jun, 2012
New York City

Australian stocks tracked lower world markets after resources prices on the rising worries of the economic slowdown. Crude oil, copper and gold fell more than 3% and bank worries rose after another round of downgrade of European and American banks.

German Business Confidence Slumps, Swiss Growth Estimate Cut

Arthi Gupta
22 Jun, 2012
New York City

German business confidence fell more than estimated and the euro area consumer confidence declined in June. Retail sales in Denmark improved in May. Consumer spending in the Netherlands declined in April.

Greece Wins Bailout Release, Bank Worries Resurface

Arthi Gupta
22 Jun, 2012
New York City

The European indexes slumped after German business confidence fell to a two-year low in June. Fifteen large U.S. banks were downgraded by a rating agency that many analysts viewed an action four years too late.

Wall Street Extends World Markets Decline, Oil and Gold Fall 3%

Bikram Pandey
21 Jun, 2012
New York City

U.S. indexes extended worldwide sell off after a string of weak economic data from the U.S., euro zone and China. Crude oil, copper and gold dropped more than 3%. Stress test in Spain showed banks may need as much as $78 billion.

U.S. Movers: Bed Bath, ConAgra, Red Hat, Rite Aid, Steelcase

Mukesh Buch
21 Jun, 2012
New York City

Bed Bath first quarter net soared 24% and ConAgra fourth quarter net swung to $86.2 million loss. CarMax first quarter net falls 4.4% as wholesale unit sales fell. Red Hat first quarter net surged on subscription revenue growth.

UK Retail Sales Improve, Mortgage Lending Up

Arthi Gupta
21 Jun, 2012
New York City

The UK indexes edged lower as world economic growth outlook dims. The UK retail sales improved and gross mortgage lending increased 24% in May. Invensys plunged 16% after takeover talks with Emerson Electric failed.