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Market Update

European Indexes Slide 2% and Bond Yields Rise

Arthi Gupta
21 Nov, 2011
New York City

European indexes slumped more than 2% as bond yield continue to rise. Spain

Weekly Loss of 4% in S&P 500; Euro Looks to ECB

Bikram Pandey
18 Nov, 2011
New York City

The S&P 500 and Nasdaq indexes dropped 4% in the week. Global markets in the week lost as much as 5% in Europe and 3% in Asia. European leaders debate nearly two years after the crisis first erupted and the role of the European Central Bank and if it can lend directly to nations.

Nikkei Falls 1.2%; Thai Floods Insured Loss Estmated at $9 Billion

Nigel Thomas
18 Nov, 2011
New York City

Stocks in Tokyo edged lower as investors as export led companies battle record strong yen, weak outlook in the euro zone and supply disruption linked to Thailand floods. Tokio Marine estimated flood related costs of $1.3 billion and Mitsui estimated $1.7 billion.

U.S. Movers: Atwood, Dolby, H. J. Heinz, Marvell, Gap, Ross

Mukesh Buch
18 Nov, 2011
New York City

H. J. Heinz second quarter net decreased to $237 million. Motorola Mobility stockholder approve proposed merger with Google. Marvell Technology third quarter net decreased to $195.1 million. The Gap struggles with the revenue and earnings growth.

UK Mortgage Lending Falls 4%, Cameron Meets European Leaders

Arthi Gupta
18 Nov, 2011
New York City

The UK indexes traded lower as European leaders struggle to increase the role of the central bank in direct lending to nations. UK Prime Minister Cameron met with European leaders to press his case and resist the amendment to the Lisbon Treaty. The UK mortgage lending decreased 4% in October.

U.S. Stocks Struggle; Boeing Wins Largest Order from Indonesia

Arthi Gupta
18 Nov, 2011
New York City

U.S. stocks edged higher as bond yields in Europe declined a fraction. U.S. debt cutting commission members harden their position as deadline looms to cut expenditures. Boeing secured $21.7 billion worth order from Indonesia-based Lion Air for 230 737 aircraft.

Weekly Loss of 2.8% in Australian Trading; Rio Tinto Lifts Hathor Offer

Marcus Jacob
18 Nov, 2011
New York City

Australian stocks closed down on Friday and lost 2.8% in the week. Banks led the decliners on the worries that the turmoil in the euro zone may curb access to wholesale funding of $100 billion. Rio Tinto increased its offer for Canada based Hathor Exploration to $636 million.

German PPI Eases 5.3%; Italian Deficit Narrows

Arthi Gupta
18 Nov, 2011
New York City

Producer prices in Germany eased but in Portugal remained unchanged in October. Italy''s current account deficit narrowed and industrial orders fell in September.

Monti Crosses First Hurdle; Contagion Fears Drag Indexes

Arthi Gupta
18 Nov, 2011
New York City

European indexes declined on worries about the debt contagion to bigger euro area countries. The Italian Prime Minister Mario Monti won a vote of confidence in the Senate. UBS outlined plans to expand its wealth management unit and cut 2,000 staff in investment banking unit.

Global Markets Yield to the Euro Zone Bonds Worries

Bikram Pandey
17 Nov, 2011
New York City

Stocks in New York opened flat and dived as bond yields persisted at elevated levels. Jobless claims at the end of last week dropped to a 7-month low and housing market data showed a mixed snapshot. Eight largest stock markets in the world are down between 3.3% and 21% in the year so far.

U.S. Movers: Autodesk, Dell, Limited Brands, Target, Tyco International

Mukesh Buch
16 Nov, 2011
New York City

Autodesk third quarter net increased to $72.8 million. Dell third quarter net increased 9% to $893 million. Limited Brands third quarter net soared 55% to $94.3 million. Target third quarter net increased 3.7% to $555 million. Tyco International fourth quarter increased to $400 million.

U.S. Movers: Applied Materials, NetApp, Sears, Target, Smucker

Mukesh Buch
17 Nov, 2011
New York City

Applied Materials fourth quarter net decreased 2.6% to $456 million. NetApp second quarter net declined 5.6% to $165.6 million. Sears Holdings third quarter net loss widened 93.1% to $421 million. J. M. Smucker second quarter net loss narrowed 15% to $127.2 million.

Nikkei Edges Higher in Volatile Trading; Olympus in Focus

Nigel Thomas
17 Nov, 2011
New York City

Stocks in Japan rose fractionally in a cautious trading and Asian markets focused on the volatility in the euro zone. Olympus remained the most actively traded stock on the Tokyo Stock Exchange and Nippon Life lowered its stake in the camera maker.

UK Indexes Drop 1.3%; UK Retail Sales Rise

Arthi Gupta
17 Nov, 2011
New York City

The UK indexes traded lower after a dismal auction of 10 year Spanish bonds. The UK retail sales and auto production rose, but consumer confidence slumped in October. The UK government sold Northern Rock to Virgin Money for

U.S. Weekly Jobless Claims, Housing Starts Drop

Arthi Gupta
17 Nov, 2011
New York City

U.S. stock futures declined after ratings agency Fitch warned that the euro-zone contagion threatened the outlook for U.S. banks. Spain