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Market Update

Europe Movers: Givaudan, Julius Baer, Rio Tinto, Barclays

Arthi Gupta
09 Oct, 2012
New York City

Givaudan third quarter sales climbed 14.4% to Sfr1.1 billion. Julius Baer plans to slash additional 1,000 jobs as it merges international arm of wealth management of Merrill Lynch. Rio Tinto turned cautious on the outlook over the next few quarters.

German Manufacturing Flat, French Deficit Widens

Arthi Gupta
09 Oct, 2012
New York City

German manufacturing turnover remained unchanged and French deficit widened in August. Greek inflation eased in September.

World Markets Shift Attention to Spain, 5-Year Anniversary in Index Records

Barry Randall
08 Oct, 2012
New York City

Financial markets in New York closed flat with a negative bias as the attention shifted to Spain and the euro zone. World Bank lowered growth estimates for developing nations in Asia. Stock market marked the five-year anniversary for the record highs in the Dow and the S&P 500.

BP Sells Texas City Refinery for $2.5 B, Stocks in London Fall

Arthi Gupta
08 Oct, 2012
New York City

BP Plc agreed to sell its Texas City refinery to Marathon Petroleum for $2.5 billion. Home builder Persimmon agreed to acquire Hillreed Homes for

UnitedHealth in $4.9 B Deal in Brazil, Stocks Open Lower

Arthi Gupta
08 Oct, 2012
New York City

U.S. indexes declined in early trading on weaker global growth outlook. UnitedHealth agreed to acquire Brazil

Europe Indexes Fall 1%, German Debt Auction Yields Negative

Arthi Gupta
08 Oct, 2012
New York City

The European indexes edged lower. Germany raised

Europe Movers: Air France-KLM, BMW, PPR, Sanofi

Arthi Gupta
08 Oct, 2012
New York City

Air France-KLM, Etihad Airways, and airberlin agreed to implement a code-share partnership to expand worldwide reach. BMW plans to increase production of its motorcycles in 2012 and 2013.

Euro Area Confidence Rises, German Output Drops 0.5%

Arthi Gupta
08 Oct, 2012
New York City

Euro zone confidence improved in October and German exports rose unexpectedly in August. The French economy is estimated to decline 0.1% in the third quarter and Swiss jobless rate was unchanged in September.

World Markets in Weekly Advance; Indexes in Wild Ride in India

Barry Randall
05 Oct, 2012
New York City

World markets extended gains for the second week and indexes in the U.S. and Europe advanced. On Friday, stocks on Wall Street opened higher but turned lower after the early euphoria of decline in jobless rate and hopes for Spanish bailout request receded.

U.S. Jobless Rate Drops to 7.8%, Stocks Rally

Arthi Gupta
05 Oct, 2012
New York City

September jobless rate fell to a 3-year low of 7.8% and total nonfarm payroll rose by 114,000. Stock indexes extended gains for the fourth day in a row after private sector added more jobs than anticipated. European markets are trading higher as the leaders of France, Spain and Italy meet.

European Indexes Gain, German Factory Orders Decline

Arthi Gupta
05 Oct, 2012
New York City

The European indexes gained ahead of the non-farm payroll report in the U.S. The French economy is forecasted to grow 0.2% this year and Swiss economic growth outlook was lowered. German factory orders and Spanish output fell in August.

Europe Movers: Credit Suisse, Air Berlin, Burberry, Sanofi, France Telecom

Arthi Gupta
05 Oct, 2012
New York City

France Telecom-plans to hire 4,000 employees over the next three years. Air Berlin said capacity utilization rose in September and Volvo signed letter of intent to divest plant in Spain.

4-Day Rally on Wall Street; Oil Rebounds, Retailers Struggle

Bikram Pandey
04 Oct, 2012
New York City

Stocks on Wall Street traded higher after jobless claims rose less than expected and factory orders fell less than anticipated. However, same store sales increase last month was the second weakest in the year. Crude oil surged on mid-east tensions and coal miners advanced.

U.S. Jobless Claims Rise, Stocks Trade Higher

Arthi Gupta
04 Oct, 2012
New York City

U.S. indexes climbed after weekly jobless claims rose 4,000 to 367,000. Ocwen Financial agreed to acquire Homeward Residential Holdings for $750 million. Calpine agreed to purchase Bosque Power Plant for $432 million.

ECB, BoE Hold Rates, Portugal Announces New Austerity Measures

Arthi Gupta
04 Oct, 2012
New York City

The European indexes traded mixed after the ECB and the BoE held rates. Spain raised