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U.S. Home Prices Rise, Consumer Confidence Declines

Arthi Gupta
25 Oct, 2011
New York City

U.S. indexes edged lower after disappointing earnings and economic data. U.S. home prices rose in August and consumer confidence deteriorated in October. Ecolab net declined 11.4%.

French Confidence Improves; Sweden Lowers Surplus Outlook

Arthi Gupta
25 Oct, 2011
New York City

Germany''s consumer confidence is set to rise in November. Consumer confidence in France improved in October. Hungary''s central bank left rate unchanged at 6%. Sweden lowered budget surplus outlook for this year and next.

Australian Indexes Fall; Dollar Rises

Marcus Jacob
25 Oct, 2011
New York City

Australian indexes declined and resource prices gained on the optimism that the European leaders will announce details of the bank recapitalization plan. Australian dollar edged higher and copper and crude oil prices gained.

European Indexes Mixed; Deutsche Bank Swings to Profit

Arthi Gupta
25 Oct, 2011
New York City

European indexes traded sideways ahead of the summit tomorrow. Spain issued

S&P 500 Index Flirts to Positive; Oil, Copper Rise

Bikram Pandey
24 Oct, 2011
New York City

U.S. stocks traded higher in the positive zone after two months of volatility. European leaders promise resolution to debt crisis but also conceded that help from Asia and other regions may be needed to bolster its rescue fund. The euro gained and copper and oil advanced.

U.S. Movers: Caterpillar, Cigna, Kimberly-Clark, Lorillard, V.F. Corp.

Mukesh Buch
24 Oct, 2011
New York City

Caterpillar third quarter net profit surged 44% to $1.14 billion. Cigna will acquire all shares of HealthSpring for $55 per share transaction value of $3.8 billion. Eaton third quarter net income rose to $365 million. Kimberly-Clark third quarter net income slipped 7.9% to $432 million.

UK Indexes Rise; National Grid Sells Metering Services for

Arthi Gupta
24 Oct, 2011
New York City

The UK indexes traded higher after European leaders moved closer towards a resolution to the debt crisis. U.S.-based Kennedy Wilson agreed to acquire UK loan portfolio for $1.8 billion. National Grid agreed to sell Utility Metering Services to Macquarie Bank for

Japan Exports Rebound, Nikkei Jumps 1.9%

Nigel Thomas
24 Oct, 2011
New York City

Stocks in Japan soared after September exports rose at a faster pace than expected on a surge in auto parts shipments. In addition, Chinese manufacturing gauge expanded at a fastest pace in October since March. Tepco may be forced to sell its Uranium mining rights and Olympus dropped to a new low.

U.S. Indexes Higher, Cigna Offers $4 Billion for HealthSpring

Arthi Gupta
24 Oct, 2011
New York City

U.S. indexes open higher after positive economic data in Asia and European leaders sound optimistic notes on the rescue fund and Greek bailout. Cigna agreed to acquire HealthSpring for $3.8 billion. Oracle offered $1.5 billion for RightNow and Mattel bid $680 million for HIT Entertainment.

Australian Index Rises 2.4% on Advances in China, Japan

Marcus Jacob
24 Oct, 2011
New York City

Australian stocks surged after Chinese manufacturing expanded in October and Japanese exports increased more than expected in September. Also, a progress in the euro zone negotiations also helped markets sentiment. Resources linked companies and banks led the gainers.

European Industrial Orders Up 1.9%; German Manufacturing Falls

Arthi Gupta
24 Oct, 2011
New York City

Euro-zone industrial new orders rebounded in August but private sector activity fell in October. German leading economic index dropped in August. Manufacturing activity rose unexpectedly in France in October but Dutch producer confidence index slumped in October.

European Leaders Search for Capital; Banks, Greece in Focus

Arthi Gupta
24 Oct, 2011
New York City

European leaders agreed to ask banks to raise

Europe Zone to Seek External Funding to Leverage EFSF

Bikram Pandey
23 Oct, 2011
New York City

European leaders discuss the fate of Greek bonds and appear to increase losses for private banks to as high as 60%. Banks are likely to increase tier 1 capital to 9% and raise more capital from their investors before approaching national governments. Greece may need more bailout capital.

11-week High in S&P 500 Index; Earnings Power Rally

Bikram Pandey
21 Oct, 2011
New York City

U.S. stocks rallied after earnings lifted sentiment. S&P 500 index and the Nasdaq gained 2%. The S&P 500 index gained 1.5% in the week and closed at a 11-week high. Microsoft, General Electric, Verizon and McDonald

U.S. Movers: Chipotle, Capital One, GE, Microsoft and Seagate

Mukesh Buch
21 Oct, 2011
New York City

Chipotle third quarter net surged 25% to $60.4 million. Capital One third quarter net was flat at $813 million. General Electric third quarter net surged 57% to $3.2 billion. Microsoft first quarter net gained 6.1% to $5.74 billion.

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