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Market Update

EU Leaders Delay Spanish Banking Aid Legislation

Arthi Gupta
19 Oct, 2012
New York City

The European markets fell after leaders delayed the Spanish banking aid legislation implementation. German producer prices rose and the UK public sector net borrowing declined. ING agreed to sell its Asian units for

Europe Movers: Aggreko, Bunzl, Petrofac, Swiss Re, ING, Carrefour

Arthi Gupta
19 Oct, 2012
New York City

Petrofac reiterated its net profit growth target in 2012 of at least 15%. Bunzl third quarter group revenue rose 5%. Swiss Re announced management changes.

U.S. Stocks Fall, Google Drops 9% on Missed Expectations

Bikram Pandey
18 Oct, 2012
New York City

U.S. indexes declined after the rise in weekly jobless claims was offset by the improved leading indicators index and Philadelphia region manufacturing. Google dropped as much as 10% after it reported weak revenues and earnings in earnings filings that were released during the trading hours.

UK Retail Sales Rebound, Man Group Plunges 10%

Arthi Gupta
18 Oct, 2012
New York City

The UK indexes edged higher after retail sales rebounded in September. BP plans to sell its stake in TNK-BP. Kier Group completed the sale of its 50% stake in two private finance initiative projects for

U.S. Jobless Claims Soar; Morgan Stanley, Phillip Morris Intl Fall

Arthi Gupta
18 Oct, 2012
New York City

U.S. indexes traded sideways after mixed economic data. The jobless claims soared 46,000 to 388,000 and a leading economic index rose in September. Wesco agreed to acquire Canada-based EECOL for C$1.14 billion. Morgan Stanley slipped to quarterly loss.

Spain Raises

Arthi Gupta
18 Oct, 2012
New York City

The European indexes traded sideways ahead of the EU summit in Brussels. Spain raised

French Leading Index Rises 0.6%, Swedish Jobless Rate at 7.4%

Arthi Gupta
18 Oct, 2012
New York City

French leading index climbed and Italian deficit narrowed in August. Swiss watch exports declined in September.

Europe Movers: Nokia, Saab, Remy Cointreau, Nestle, Tele2

Arthi Gupta
18 Oct, 2012
New York City

Nokia loss widens, Akzo Nobel swung to loss and Saab net plunged to SEK 151 million in the third quarter. Nestle nine-month sales rose 11% to Sfr67.6 billion. Remy Cointreau first-half sales were

Stocks in New York Advance on Housing Data, Euro Gains

Bikram Pandey
17 Oct, 2012
New York City

U.S. market extended gains in a worldwide rally after housing starts jumped 15% to a 4-year high. European markets gained after Spain avoided a rating decline and Japan inches towards another economic stimulus package.

UK Jobless Rate Declines, RBS Exits Asset Protection Scheme

Arthi Gupta
17 Oct, 2012
New York City

The UK indexes advanced after unemployment rate fell unexpectedly in three months to August. Pearson agreed to acquire EmbanetCompass for $650 million. The Royal Bank of Scotland agreed to exit the government

Spanish Rating Confirmed, ASML to Acquire Cymer for

Arthi Gupta
17 Oct, 2012
New York City

The European indexes rose and Moody''s confirmed Spanish bond rating but with a negative outlook. Hungary announced new austerity measures to curtail deficit. ASML agreed to acquire Cymer for

U.S. Housing Starts Surge, Intel, IBM Disappoint

Arthi Gupta
17 Oct, 2012
New York City

U.S. indexes traded sideways after housing starts surged to a four-year high in September but IBM and Intel reported weak earnings reports. Exxon Mobil Canada agreed to acquire Celtic for C$3.1 billion and HCP agreed to purchase 133 senior housing communities for $1.73 billion.

UK Inflation at 3-Year Low, Indexes Rise

Arthi Gupta
16 Oct, 2012
New York City

The UK indexes gained after inflation eased to a three-year low in September. Rio Tinto third quarter global iron ore production rose 5% to 67 million tons. Bodycote acquired U.S.-based Carolina Commercial Heat Treating for $68 million.

Euro Zone Output Grows, Germany Lowers Growth Outlook to 1%

Arthi Gupta
17 Oct, 2012
New York City

Euro zone construction output climbed in August but German production fell 2.8%. Germany slashed its economic growth outlook for 2013 and investor confidence in Switzerland improved in October.

Europe Movers: Accor, Danone, TeliaSonera, ASML, Credit Agricole

Arthi Gupta
17 Oct, 2012
New York City

Danone consolidated sales rose 9.4% to