Market Update

Italy Raises

Arthi Gupta
24 Feb, 2012
New York City

The European indexes gained on strong earnings. The Greek parliament approved the debt swap deal with its private creditors. Italy sold

U.S. Movers: American Tower, Express Scripts, Kohl

Mukesh Buch
23 Feb, 2012
New York City

American Tower fourth quarter net surged 141% to $201.3 million. Express Scripts fourth quarter net slumped to $290.4 million. Kohl

UK Mortgage Approvals Rise; RBS Annual Loss Widens

Arthi Gupta
23 Feb, 2012
New York City

The UK indexes climbed after manufacturers estimated output to grow over the coming three months. The UK mortgage approvals and Irish consumer price index increased in January. British American Tobacco fiscal year 2011 net and revenue rose.

U.S. Weekly Jobless Claims Flat; Sears Swings to Loss

Arthi Gupta
23 Feb, 2012
New York City

The U.S. indexes edged higher after weekly jobless claims remained unchanged at 351,000. Sears agreed to sell eleven stores to General Growth Properties for $270 million and planned a rights offering to raise nearly $400 million to $500 million.

German Confidence Improves; Spanish Home Mortgages Slump

Arthi Gupta
23 Feb, 2012
New York City

German business confidence improved more than estimated in February. Spanish home mortgages slumped and consumer spending in the Netherlands eased in December.

European Commission Forecasts Mild Recession; Allianz Net Slumps

Arthi Gupta
23 Feb, 2012
New York City

The European Commission said the euro area is likely to see a mild recession. German business sentiment improved more than estimated in February. Allianz, Cr

World Markets Struggle; U.S. Home Sales Gain 4.3%

Bikram Pandey
22 Feb, 2012
New York City

World markets traded declined from the recent highs and the U.S. stocks edged lower from a 4-year high after home sales increase was less than expected. Oil gained for the second day in a row.

Nikkei in Tokyo Rises 1%; Weak Yen Lifts Exporters

Nigel Thomas
22 Feb, 2012
New York City

Stocks in Japan closed higher after positive sentiment lifted indexes. The yen declined to a new low in last six months and investors took optimistic view of the Greek bailout decision. Seibu Electric agreed to sell minority stake to Toyota Motor. Dentsu Inc lifted its annual income outlook.

UK Indexes Decline; Logica Surged on Earnings

Arthi Gupta
22 Feb, 2012
New York City

The UK indexes dipped on speculation if Greece would be able to fulfill the conditions set by its lenders. The Bank of England policy makers were split on asset purchase program. Centrica agreed to acquire portfolio of UK North Sea assets from British Gas for

U.S. Movers: Chico

Mukesh Buch
22 Feb, 2012
New York City

Chesapeake Energy fourth quarter net surged to $429 million and Dell Inc quarterly net declined 18% to $764 million. Hewlett-Packard first quarter net declined 44% to $1.47 billion. Retailer, TJX Companies fourth quarter net surged to $475.9 million. Toll Brothers swung to a quarterly loss.

U.S. Indexes Drop; Dell Net Falls 18%, Toll Brothers Swings to Loss

Arthi Gupta
22 Feb, 2012
New York City

The U.S. indexes declined after weaker-than-estimated global economic data. Dell Inc led the decline in tech stocks with quarterly earnings falling 18% and. Luxury home builder Toll Brothers swung to loss.

Australian Stocks Extend 4-day Rally; Wotif.com, Seek Ltd, Woodside Rise

Marcus Jacob
22 Feb, 2012
New York City

Australian stocks traded higher for the fourth day in a row as earnings were ahead of expectations. Seek Limited and Wotif.com Holdings reported record earnings and Woodside Petroleum reported 34% rise in adjusted profit.

Euro Zone Industrial Orders Up; Euro Area Private Sector Shrinks

Arthi Gupta
22 Feb, 2012
New York City

Germany sold

U.S. Movers: Kraft Foods, Medtronic, Macy

Mukesh Buch
21 Feb, 2012
New York City

Kraft Foods fourth quarter net surged 54% to $830 million and Medtronic third quarter net increased 12%. Macy

Kraft Foods, Medtronic, Macy

Mukesh Buch
21 Feb, 2012
New York City

Kraft Foods fourth quarter net surged 53.7% to $830 million and Medtronic third quarter net increased 12%. Macy