Market Update

Australian Construction Decline Slow, News Corp Net Triples

Marcus Jacob
07 Nov, 2012
New York City

Australian stocks and the dollar closed higher after the reelection of U.S. President Barack Obama. News Corp said quarterly net tripled from a year ago. Retailer Harvey Norman said quarterly sales declined 10% and profit fell 20%.

German Trade Surplus Declines, French Deficit Narrows

Arthi Gupta
08 Nov, 2012
New York City

Greek jobless rate increased to 25.4% in August. German trade surplus rose and French trade deficit narrowed but Hungarian surplus declined in September. Swiss unemployment increased to 3%.

Europe Movers: Ageon, adidas, Hermes, SocGen, Dexia, Siemens, EADS, Swisscom

Arthi Gupta
08 Nov, 2012
New York City

Societe Generale net banking income fell 17% to

ECB Holds Rate, Spanish Bond Auction Raises

Arthi Gupta
08 Nov, 2012
New York City

The European indexes gained after the European Central Bank held key rate. The euro area economic climate deteriorated in the fourth quarter. Spain sold

UK Shop Price Inflation Accelerates, GDP Growth Eases

Arthi Gupta
07 Nov, 2012
New York City

The UK indexes slumped after shop price inflation accelerated to 1.5% in October and economy estimated to expand 1.1% in 2013 and 1.7% in 2014. Stagecoach agreed to acquire the bus business and assets of Bluebird for

Fiscal Cliff in Focus after Reelection of Obama and Divided Congress

Arthi Gupta
07 Nov, 2012
New York City

U.S. indexes dropped 1% after investors focused on the fiscal cliff negotiations with the divided Congress. Barack Obama was reelected for the second presidential term. AT&T plans to invest $14 billion over the next three years to enhance its wireline IP broadband networks.

EC Lowers Euro Area Outlook, Indexes Decline

Arthi Gupta
07 Nov, 2012
New York City

The European indexes edged lower after the European Commission lowered euro area growth outlook for next year. German economy forecasted to shrink in 2013. The Greek parliament is scheduled to vote on the austerity measures today. ING plans to slash 2,350 jobs.

Euro Zone Retail Sales Drop, German Output Declines 1.8%

Arthi Gupta
07 Nov, 2012
New York City

Retail sales volume in the euro area decreased and Spanish industrial production slumped in September. German construction activity fell at an accelerated rate and Swiss consumer prices eased in October.

Europe Movers: Axel Springer, BNP Paribas, Carlsberg, Telef

Arthi Gupta
07 Nov, 2012
New York City

Carlsberg revenues increased 8% to DKK 18.81 billion, Telef

UK Home Prices Fall, New Car Registrations Rise

Arthi Gupta
06 Nov, 2012
New York City

The UK indexes climbed after production fell in September. Home prices in the UK declined but new car registrations rose in October. BG Group completed the sale of Brazil based Comg

U.S. Home Prices Gain, Canada Permits Uranium Exports to India

Arthi Gupta
06 Nov, 2012
New York City

U.S. indexes gained as voters decide the future control of the House, Senate and the President

Greece and Spain Weigh on European Market Sentiment

Arthi Gupta
06 Nov, 2012
New York City

The European indexes advanced and Greece and Spain weighed on the market sentiment. The IMF warned that the growth outlook for France remains fragile. The Spanish economy is forecasted to contract 1.6% this year. Greek strike paralyzes nation.

Euro Area Private Sector Contracts, German Orders Plunge 3.3%

Arthi Gupta
06 Nov, 2012
New York City

Euro zone private sector contracted more than initially estimated and service sector activity and new orders in the Spain continued to shrink in October. German factory orders fell in September.

Europe Movers: Adecco, BMW, Fraport, Lanxess, Salzgitter, Tornier

Arthi Gupta
06 Nov, 2012
New York City

Aer Lingus passenger traffic improved in October. BMW profit rose 16% to

U.S. Indexes Flat Ahead of Election; Dollar, Oil, Gold Inch Higher

Barry Randall
05 Nov, 2012
New York City

Stocks on Wall Street hugged flat line ahead of the U.S. presidential election tomorrow and voter turnout is ahead of expectations in key swing states of Florida, Colorado and Ohio. The dollar, gold and crude oil traded higher.