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Yen Weakness Lifts Nikkei in Tokyo Above 8,800

Nigel Thomas
21 Jun, 2012
New York City

Trading sentiment in Tokyo recovered after the yen eased against the dollar. However, the latest manufacturing decline in China dampened the machinery stocks. Softbank gained on the hopes of more Apple products sales. Foreign investors stepped up buying of Japanese stocks last week.

U.S. Weekly Jobless Claims Fall, Cabot Acquires Norit for $1.1 B

Arthi Gupta
21 Jun, 2012
New York City

U.S. indexes traded sideways after weekly jobless claims fell and weak manufacturing data from China. Cabot agreed to acquire the Netherlands-based Norit for $1.1 billion. Agilent completed its acquisition of Denmark-based Dako.

Australian Stocks Slump 1%, Billabong Offering at 44% Discount

Marcus Jacob
21 Jun, 2012
New York City

Australian stocks declined after a private manufacturing survey in China indicated contraction for the eighth month to June. Retailer Billabong launched $225 million offering at 44% discount. Myer reiterated 15% decline in annual earnings.

Samaras New Greek Premier, Spanish Nears Bailout Conditions

Arthi Gupta
21 Jun, 2012
New York City

European markets sharpened focus on Spain as the country battles worsening fiscal conditions. Spain raised

German Manufacturing at 3-Year Low, Swiss Money Supply Growth Eases

Arthi Gupta
21 Jun, 2012
New York City

The euro area current account surplus fell in April. German and euro area manufacturing activity contracted but French manufacturing sector rose in June. Swiss watch exports rose but money supply growth eased in May.

Fed Action Lifts Indexes Briefly, Bernanke Defends Policy

Bikram Pandey
20 Jun, 2012
New York City

U.S. markets reversed the course after Fed extended its program to switch to long term bonds till the end of the year. The U.S. Treasury yields declined and indexes briefly traded in the positive before settling back to flat line. Gold and copper fell more than 1% and oil declined 2.6%.

Fed Extends Operation Twist, Rates Fall

Arjun Dave
20 Jun, 2012
New York City

U.S. Treasury yields fell after the Fed extended and expanded its Operation Twist program to the end of the year and held target interest rate near zero. The move knocked off rates on 10-year bond to 1.61% and 30-year bond to 2.75%.

U.S. Movers: Actuant, Adobe, Jabil Circuit, Procter & Gamble

Mukesh Buch
20 Jun, 2012
New York City

Actuant 2013 guidance 2013 falls below estimates and Adobe Systems second quarter net declined 2% and lowered fiscal outlook. Jabil Circuit third quarter net slipped 3.2%. Procter & Gamble falls on weak fourth quarter forecasts.

U.S. Stocks Struggle Ahead of Fed Statement, P&G Lowers Outlook

Arthi Gupta
20 Jun, 2012
New York City

U.S. stocks struggle ahead of Fed statement later today and G20 leaders focused on Europe and pledged to support and work together to arrest widening debt contagion. Procter & Gamble lowered fourth quarter guidance.

UK Jobless Claims Rise, Ryanair Renews Offer for Aer Lingus

Arthi Gupta
20 Jun, 2012
New York City

The UK indexes traded higher as investors shifted focus to the Fed announcement later today after G20 leaders focused on the euro zone. UK jobless claims rose unexpectedly in May. AstraZeneca completed acquisition of Ardea Biosciences.

Nikkei Rebounds 1.1%; Mitsubishi Heavy, Daio Paper in Focus

Nigel Thomas
20 Jun, 2012
New York City

Nikkei index in Tokyo rebounded sharply after a statement from the G20 lifted hopes for an action plan in the euro zone and speculators bid up stocks ahead of the U.S. Fed announcement later today. Investors turned attention to domestic companies as the yen stayed strong.

News Corp Offers $2 Billion for Cons Media, Australian Housing Starts Plunge

Marcus Jacob
20 Jun, 2012
New York City

Australian stocks closed higher and international events dominated local trading. News Corp offered $2 billion to acquire Consolidated Media and announced restructuring of its local operations. Resource sector stocks closed higher.

German PPI Eases, Italian Deficit Narrows

Arthi Gupta
20 Jun, 2012
New York City

German producer price inflation slowed more than estimated in May. Economic confidence in Sweden and Danish consumer confidence fell in June. Italian current account deficit narrowed in April.

G20 Lifts Stakes for Europe as Leaders Promise Deeper Integration

Arthi Gupta
20 Jun, 2012
New York City

European markets cautiously traded higher on the optimism that banking industry integration will break the debt spiral in the highly indebted nations in the region. German producer price inflation eased more than estimated in May.

Fed Hopes Lift Wall Street Indexes Higher, Global Markets Cautious

Bikram Pandey
19 Jun, 2012
New York City

U.S. stocks traded higher ahead of Fed meeting conclusion tomorrow on the hopes that the central bank may announce additional stimulus measures. European markets jumped as Spain completed its target bond offering but yields were near 7%. Markets in Asia recalibrated and trimmed gains.

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