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Market Update

ECB Holds Rate; EADS Net Soars, Carrefour Struggles

Arthi Gupta
08 Mar, 2012
New York City

European indexes soared on optimism of a successful Greek debt swap deal ahead of the deadline this evening. Greek jobless rate rose to a record 21% in December and German output rebounded in January. Simon Property Group agreed to acquire stake in Kl

Wall Street Rebounds on Employment Data, Greek Hopes

Bikram Pandey
07 Mar, 2012
New York City

U.S. indexes gained after private sector increased payrolls at a higher pace in February and productivity gained at a slower pace in the last quarter. Stocks gained despite the weakening global economic scenario. Crude oil, copper, gold and silver closed higher.

UK Shop Price Inflation Eases; HSBC Sells Assets for $914 M

Arthi Gupta
07 Mar, 2012
New York City

The UK indexes pared losses of yesterday after better-than-estimated job data in the U.S. The UK shop price inflation eased to a two-year low but permanent job placements rose in February. HSBC agreed to sell its general insurance businesses to AXA and QBE.

U.S. Movers: American Eagle, Ciena, Express, Fresh Market, Pandora Media

Mukesh Buch
07 Mar, 2012
New York City

American Eagle fourth quarter net decreased to $51.3 million. Ciena first quarter net loss narrowed to $47.6 million. Express fourth quarter net increased to $60.4 million. Pandora Media fourth quarter net loss widened to $8.18 million. Bon-Ton Stores fourth quarter net slipped to $78.2 million.

Nikkei in a 3-day Slump; Tekken, Miyaji Rise Again

Nigel Thomas
07 Mar, 2012
New York City

Stocks in Tokyo eased for the third day in a row and trimmed the gain in the benchmark index in the year so far to 13.3%. The index fell nearly 2% in the last three sessions. Infrastructure developers extended rally for the second day. The yen strengthened but hovered near a 9-month high.

U.S. Productivity, Private Employment Rise; Global Growth Worries

Arthi Gupta
07 Mar, 2012
New York City

The U.S. indexes gained after employment in the private sector rose in February and productivity increased 0.9% in the fourth quarter. Scotiabank agreed to acquire Howard Weil and Nuance Communications agreed to purchase Transcend for $300 million.

Weak Australian GDP Drags Indexes and Dollar

Marcus Jacob
07 Mar, 2012
New York City

The benchmark index in Australia declined the most in the year so far and registered the worst one day loss in nine weeks after economic growth in the final quarter was less than expected. The Australian dollar fell against all major currencies.

Germany Raises

Arthi Gupta
07 Mar, 2012
New York City

European indexes edged higher after Germany sold

German Orders Drop 2.7%; Swiss Jobless Rate Flat

Arthi Gupta
07 Mar, 2012
New York City

German orders declined and industrial production was mixed in the euro area in January. Swiss jobless rate remained flat and Sweden recorded a budget surplus in February. The National Bank of Poland held key lending rate.

Sharp Drop in World Markets; S&P Falls 1.6%

Bikram Pandey
06 Mar, 2012
New York City

Global markets fell sharply and copper and crude oil declined after weak global economic data. European indexes drop more than 2.7% and the S&P 500 index dropped the most in three months. Anxieties were high in Europe as the deadline looms for the Greek private sector bond swap.

U.S. Movers: Dick

Mukesh Buch
06 Mar, 2012
New York City

Dick

UK Indexes Drop 1.4%; Home Prices, Retail Sales Fall

Arthi Gupta
06 Mar, 2012
New York City

The UK indexes dropped after retail sales, home prices and new car registrations fell in February. Michael Page plunged 6% after pre-tax profit fell in fiscal 2011.

Global Slowdown, Greece Weigh on U.S. Indexes; VeriFone Swings to Loss

Arthi Gupta
06 Mar, 2012
New York City

The U.S. indexes declined on the worries that a disorderly default on Greek bonds will do more harm if private investors fail to agree to debt swap terms. AmerisourceBergen agreed to buy World Courier Group for $520 million.

Nikkei Extends Losses; Miyaji, Japan Bridge Soar

Nigel Thomas
06 Mar, 2012
New York City

The benchmark Nikkei 225 index declined for the second day in a row. The makers of steel and machinery and shipping companies declined after China shifted its focus on consumption from domestic investment. Bridge makers soared.

Euro Area Economy Shrinks 0.3%; German Construction Slumps

Arthi Gupta
06 Mar, 2012
New York City

The OECD area inflation eased to a 10-month low in January. The euro area economy contracted in the fourth quarter. EU private sector productivity rose in February. Norwegian consumer sentiment improved in the first quarter.