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Market Update

Global Data Lift U.S. Indexes; Profits at Wells Fargo, Citi Diverge

Arthi Gupta
17 Jan, 2012
New York City

The U.S. indexes traded higher on upbeat global economic data and New York manufacturing activity improved in January. Citigroup quarterly net fell 11% and revenues declined 7%. Wells Fargo revenues fell 4% and net surged 20%.

Australian Index Gains 1.7%; Fortescue, Rio Tinto, Wesfarmers in Focus

Marcus Jacob
17 Jan, 2012
New York City

Australian indexes advanced after miners reported better than expected iron ore production in the December quarter. Investors bid up stocks after China reported economic growth of 8.9% in the fourth quarter and for the full year GDP expanded 9.2%.

Stable Demands at Debt Auctions of Spain, Greece and Belgium

Arthi Gupta
17 Jan, 2012
New York City

European markets rose after the debt auctions from Spain, Belgium and Greece attracted stronger than anticipated interest. German confidence index showed a strong improvement. Spain raised

Euro Area Inflation Lowered to 2.7%; German Confidence Soars

Arthi Gupta
17 Jan, 2012
New York City

The European rescue fund raised

European Markets Sideways; Carnival Plunges 17%

Bikram Pandey
16 Jan, 2012
New York City

European indexes traded sideways and focused on the meetings of politicians in the region ahead of EU summit later in the month. The talks between Greece and lenders are expected to resume midweek. France Telecom agreed to sell its stake in Orange Austria. Carnival plunged 17%.

Nikkei Declined 1.4%; Machinery Orders Surge 14.8%

Nigel Thomas
16 Jan, 2012
New York City

Stocks in Tokyo retreated and the Nikkei index declined 1.4%. Machinery orders in November increased 14.8% and beat the expectations of most economists. The yen traded at an 11-year high against the euro.

Australian Jobs Ads Fall; Stocks Ease on Euro Zone Worries

Marcus Jacob
16 Jan, 2012
New York City

Stocks in Sydney declined on the rising worries in the euro zone and a growing speculation that Greece may default on its loans. Job advertisements in December declined 0.9% according to a private survey and the government is set to release monthly jobs data on Thursday.

Wall Street Retreats; France and Italy Debt Ratings Downgraded

Bikram Pandey
13 Jan, 2012
New York City

Stocks in New York retreated and the euro closed at a 16 month low on the renewed worries about the euro zone and weak earnings outlook from JP Morgan. Greece halted talks with lenders and France, Slovakia, Austria and Italy face a new round of rating downgrade.

U.S. Movers: Copano, JPMorgan, JDA Software, Linn Energy, Tractor Supply

Mukesh Buch
13 Jan, 2012
New York City

Copano announced public offering of 5 million shares and priced at $34.03. JPMorgan fourth quarter net slipped 23% to $3.73 billion and annual net increased 9%. JDA Software expected revenue for fourth quarter to $173 million. Tractor Supply fourth quarter net sales increased 20% to $1.24 billion.

UK Construction Climbs, Factory Gate Inflation Eases

Arthi Gupta
13 Jan, 2012
New York City

The UK indexes pared gains after early advances. Construction output rose but factory gate inflation eased in December. Invensys slumped 21% after weak fiscal year 2011 outlook.

U.S. Deficit Widens; JPMorgan Net Drops 23%

Arthi Gupta
13 Jan, 2012
New York City

The U.S. indexes fell after JPMorgan reported lower than expected earnings. The U.S. trade deficit widened in November and imports prices slid in December. Italy successfully sold

Nikkei in Tokyo at Year's High; Inpex, Dentsu in Focus

Nigel Thomas
13 Jan, 2012
New York City

Stocks in Japan gained today and added for the week on the positive momentum in the international markets. Exporters and auto makers gained after the yen edged lower. Inpex Corp finalized its investment in the $34 billion natural gas plant. Dentsu estimated 8.4% increase in December revenues.

Euro Area Surplus Rises; Spanish Inflation Drops

Arthi Gupta
13 Jan, 2012
New York City

Euro area trade surplus increased and Hungarian industrial production expanded an unrevised 3.5% but Spanish leading index fell in November. Swiss National Bank estimated income of Sfr13 billion for fiscal 2011. Inflation in Spain slowed in December.

Hungary, Greece Worries in the Euro Zone; Italian Yields Fall

Arthi Gupta
13 Jan, 2012
New York City

European markets gained after Italy sold

Weekly Rise of 2.1% in Australian Indexes

Marcus Jacob
13 Jan, 2012
New York City

Australian stocks advanced on the back of a rally in world markets. Miners, industrials and financials led the latest gains. For the week, the ASX 200 index increased 2.1%.