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Thai Floods Hamper Japanese Auto, Electronics Production; Nikkei Flat

Nigel Thomas
21 Oct, 2011
New York City

Stocks in Japan closed unchanged and for the week gained 0.8%. More than 400 Japanese factories are submerged in Thailand after floods devastate one third provinces and Bangkok face rising waters. Property and casualty insurers declined on higher losses linked to Thai floods.

Australian Stocks Flat; Citic to Sell Macarthur Stake

Marcus Jacob
21 Oct, 2011
New York City

Australian stocks were flat today and for the week gained 1.5% on the optimism that the Europe will increase the size of the rescue fund. Commodities were weak and mining companies closed lower. Qantas and unions were asked to resolve their difference by Prime Minister Gillard.

UK Net Borrowing Falls; Thomas Cook Soars 11%

Arthi Gupta
21 Oct, 2011
New York City

The UK indexes climbed and public sector net borrowing and consumer confidence fell in September. Irish trade surplus rose in August. Thomas Cook soared 11% after reaching an agreement with its banks to amend the terms of the existing credit facilities.

Greece Approves Austerity Bill; Safran Plunges 7.5%

Arthi Gupta
21 Oct, 2011
New York City

European indexes rebounded ahead of a weekend summit of European leaders. Greek lawmakers passed austerity measures amidst violent protests. Santander reached deal to raise $1.15 billion through stake sale in its U.S. subsidiary. Essilor quarterly revenue rose to

U.S., Global Indexes Rise on Europe Hopes; Microsoft Net Rises 6%

Arthi Gupta
21 Oct, 2011
New York City

The U.S. stocks futures rose on hopes that European leaders weekend summit will provide a clear direction. Duke Realty agreed to sell suburban offices to Blackstone for $1.08 billion. IBM completed acquisition of Algorithmics for $380.2 million. Microsoft revenue rose 7%.

German, French Sentiment Wanes; Spanish Mortgage Loans Fall

Arthi Gupta
21 Oct, 2011
New York City

The euro area government deficit to GDP decreased in 2010. German and French sentiment fell in October. Hungarian retail sales rose, consumer spending in the Netherlands fell, and Spain''s mortgages loans decreased 41.7% from a year ago in August.

U.S. Stocks Sideways; European Leaders Haggle, Gaddafi Killed

Bikram Pandey
20 Oct, 2011
New York City

Stocks in traded sideways awaiting the outcome of the weekend summit of European leaders. France and Germany are at odds in the use of the rescue fund. British and French mercenaries trained rebel forces killed Col. Muammar Gaddafi bringing to an end of four decades of rule.

U.S. Movers: AT&T, Danaher, Eli Lilly, eBay, Nokia, McGraw-Hill

Mukesh Buch
20 Oct, 2011
New York City

AT&T third quarter net income plummeted 71% to $3.63 billion. American Express third quarter net income rose 13% to $1.23 billion. BB&T quarterly net income soared 73% to $366 million. Eli Lilly third quarter net income fell 5% to $1.23 bn. Wynn Resorts third quarter net income swung to $1.37 bn.

Sony, Toyota Delay Launches on Thai Floods; Nikkei Down 1%

Nigel Thomas
20 Oct, 2011
New York City

Stocks in Japan decreased after a weakness in international markets as the euro zone turmoil appear to continue and European leaders are at odds in how to increase the size of the rescue fund. Japanese regulators may open Olympus purchase inquiry and Toyota and Sony delay production on Thai floods.

UK Retail Sales Accelerate; Smiths News Soars 6.4%

Arthi Gupta
20 Oct, 2011
New York City

The UK indexes dropped with the European debt crisis looming large and prospects of a resolution fading. UK retail sales were better-than-estimated in September and Irish factory gate prices increased in the month. African Barrick Gold quarterly net surged 156%.

Australian Stocks Reflect Weak Commodities; Qantas Strikes Deepen

Marcus Jacob
20 Oct, 2011
New York City

Australian stocks declined after commodities prices edged lower and on the worries that the turmoil in the euro zone and in the U.S. may lead to a lower demand. Qantas faces federal government mediation as the workers strikes widen and extend in the third week.

U.S. Jobless Claims Drop 6,000; eBay Net Rises 13.6%

Arthi Gupta
20 Oct, 2011
New York City

The U.S. indexes traded sideways after debt talks in Europe were at a standstill and Greece strike extended for the second day. U.S. weekly jobless claims fell to 403,000. Autodesk agreed to acquire UK-based Micro Application Packages Limited. Philip Morris quarterly net rose 31%.

Germany Lowers 2012 Outlook; Swiss Surplus Rises

Arthi Gupta
20 Oct, 2011
New York City

The German government lowered its economic growth forecast for 2012 and lifted the outlook for the current year. Germany''s producer price index and Dutch jobless rate increased in September. Danish consumer sentiment but Swiss economic sentiment improved in October.

Second Day Strike in Greece; Spanish Banks Downgraded

Arthi Gupta
20 Oct, 2011
New York City

European indexes traded lower on worries that the sovereign debt crisis may drag longer than expected. Protests in Greece turned violent as the parliament debated before the final vote today on additional austerity measures. Top five Spanish banks were downgraded by Moody

Financials Drag S&P 500 Down 1.3%; Greece in Turmoil

Bikram Pandey
19 Oct, 2011
New York City

Stocks in New York trading turned lower as financials led the decliners. The euro weakened and Greece passed more austerity measures as 70,000 demonstrators gather in Athens. Commodities declined and oil fell 3% and copper dropped 5%.

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