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Market Update

Fed Views Extends Rally in Stocks, Nasdaq Above 3,000

Bikram Pandey
13 Mar, 2012
New York City

U.S. indexes gained nearly 2% after retail sales confirmed the improving economic climate and Fed offered mildly positive assessment. Copper and commodities advanced. The tech heavy Nasdaq trades at a new high since 2000 and the narrow Dow index reaches the high not seen since December 2007.

UK Home Prices Rise, Deficit Widens; Prudential Net Up 33%

Arthi Gupta
13 Mar, 2012
New York City

The UK indexes advanced after home prices rose in February and trade deficit widened, leading economic index climbed and Irish factory output declined in January. Prudential fiscal 2011 pre-tax profits surged 33%.

U.S. Movers: Clean Energy, FactSet Research, Raven Industries, X-Rite

Mukesh Buch
13 Mar, 2012
New York City

Clean Energy fourth quarter net loss swung to $20.9 million. FactSet Research second quarter net grew 3.3% to $46.7 million. Raven Industries fourth quarter net surged 49% to $11.0 million.

Nikkei Pares Gains; BoJ Offers Dollar Loans

Nigel Thomas
13 Mar, 2012
New York City

Stocks in Tokyo trading trimmed gains after the central bank left its asset purchase program intact and offered loans in the U.S. dollars denomination. Auto headlights makers declined on the price fixing investigation.

U.S. Retail Sales Rise at Fastest Pace in Five Months

Arthi Gupta
13 Mar, 2012
New York City

U.S. indexes traded higher after retail sales rose 1.1% in February, the fastest pace in five months. European markets were calm after Greece inches closer to winning the second bailout package. Dell agreed to acquire SonicWALL.

Broad Rally Lifts Australian Indexes; Home Buyers Resist Purchase

Marcus Jacob
13 Mar, 2012
New York City

Australian stock indexes gained after struggling for three days in a row. Loans issued to the home buyers in January declined 2.3% as new home buyers stay away from making purchase commitment.

German Sentiment at 21-Month High; French Inflation Up

Arthi Gupta
13 Mar, 2012
New York City

German confidence improved to a 21-month high in March. French consumer prices rose and Italian and Spanish inflation in February matched previous estimates. Greek import price inflation soared and Dutch surplus rose in January.

Greece Faces More Cuts; ABB, Heineken, Munich Re in Focus

Arthi Gupta
13 Mar, 2012
New York City

European indexes gained after German sentiment improved in March. Euro area finance ministers approved a second bailout package for Greece but Greece may need additional spending cuts. BMW forecasted new highs in sales volume and pre-tax earnings for 2012.

UK Indexes Dip; Carnival Swings to Loss

Arthi Gupta
12 Mar, 2012
New York City

In listless trading, stocks in London edged lower. The OECD leading indicator for the UK increased 0.1% in January. Activity in the Irish construction sector fell in February. Carnival swung to quarterly loss. Misys confirmed the termination of merger discussions.

U.S. Movers: American States Water, Amerigon, Cumulus Media, Zoll Medical

Mukesh Buch
12 Mar, 2012
New York City

American States Water fourth quarter net slumped to $6.71 million. Amerigon fourth quarter net soared to $6 million. Cumulus Media fourth quarter net loss swung to $13.1 million. Zoll Medical agreed to be acquired by Japan based Asahi Kasei for $2.21 billion.

U.S. Indexes Lower; Asahi Kasei to Buy Zoll Medical for $2.21 B

Arthi Gupta
12 Mar, 2012
New York City

U.S. and global indexes fell after China

Stocks in Tokyo Reverse Gains; Asahi Kasei Offers to Buy Zoll Medical

Nigel Thomas
12 Mar, 2012
New York City

Stocks in Tokyo reversed the earlier gains and closed lower. Asahi Kasei agreed to acquire Zoll Medical Corp for $2.2 billion. Hi-Lex Corp estimated lower than expected net income in the quarter ending in January.

Australian Stocks Ease; Graincorp, Stockland in Focus

Marcus Jacob
12 Mar, 2012
New York City

Australian stocks edged lower in weak trading and resources linked stocks declined. Graincorp surged after Glencore International offered to acquire Canada based Viterra for $5.2 billion.

Euro Zone, IMF Set to Approve Greek Bailout; VW Sales Soar 26%

Arthi Gupta
12 Mar, 2012
New York City

European indexes traded mixed as the euro area finance ministers meet in Brussels to approve second bailout package for Greece. A

Italy in Recession, German Bond Yields Fall

Arthi Gupta
12 Mar, 2012
New York City

Germany sold