Market Update

Euro Zone Slump Accelerates, Swiss Trade Surplus Shrinks

Arthi Gupta
20 Sep, 2012
New York City

German producer prices rose and Swiss trade surplus fell in August. The euro zone private sector contracted and French manufacturing PMI fell in September. Italian industrial orders rose unexpectedly in July.

Europe Movers: Deutsche Bank, Lanxess, Peugeot, Telenet

Arthi Gupta
20 Sep, 2012
New York City

Kleinwort Benson agreed to acquire BHF-BANK for

World Markets Advance on Housing Data and Bank of Japan Move

Bikram Pandey
19 Sep, 2012
New York City

Markets in New York and around the world were on the upswing after Bank of Japan decided to ease monetary stance and existing home sales increased to a rate last seen 2-years ago. Oil declined for the third day in a row on the global growth worries.

UK Indexes Gain, Manchester United Loss Widens

Arthi Gupta
19 Sep, 2012
New York City

The UK indexes advanced after Japan announced stimulus measures to boost economic growth. The Bank of England policymakers were unanimous in their decisions on quantitative easing and interest rate. Lonmin reached a settlement with management on wages.

U.S. Movers: AutoZone, Ascena Retail, Cracker Barrel, General Mills

Mukesh Buch
19 Sep, 2012
New York City

AutoZone fourth quarter net climbed 7% on sales increase of 5% and Ascena Retail Group

U.S. Housing Market Stabilizes, Blackstone to Buy Vivint for $2 B

Arthi Gupta
19 Sep, 2012
New York City

U.S. indexes gained after housing markets showed the signs of healing. Blackstone agreed to buy residential security provider Vivint for $2 billion and B2Gold agreed to acquire CGA Mining for C$1.1 billion. General Mills quarterly earnings soared 35%.

Nikkei Surges 1.2%, BoJ Expands Asset Purchase Program

Nigel Thomas
19 Sep, 2012
New York City

Stocks in Tokyo surged after the Bank of Japan expanded its asset purchase program to provide additional liquidity and inflate asset prices. Several large Japanese companies resumed production and reopened stores after anti-Japanese protests subside.

European Indexes Pare Gains, Germany Sells

Arthi Gupta
19 Sep, 2012
New York City

The European indexes pared early morning gains and Germany raised

Australian Markets and Dollar Extend Gains

Marcus Jacob
19 Sep, 2012
New York City

Australian markets closed higher following a rally in Asian markets after Bank of Japan expanded asset purchase program. Resource and financial stocks traded higher. The Australian dollar gained against yen.

Euro Zone Production Slumps 4.7%, Swiss Sentiment Declines

Arthi Gupta
19 Sep, 2012
New York City

Euro zone construction output fell and French leading economic index rebounded in July. Economic expectations in Switzerland declined slightly in September.

Europe Movers: Inditex, Michelin, Syngenta, Porsche Automobil

Arthi Gupta
19 Sep, 2012
New York City

Inditex first-half earnings surged 32% to

World Markets Ease, Microsoft Boosts Dividend by 15%

Bikram Pandey
18 Sep, 2012
New York City

World markets eased after the euro zone worries resurfaced and Spain restrained from asking for a larger bailout with conditions of more spending cuts. Mortgage lending dropped to 1 16-year low as the housing market continues to struggle. Oil eased on the second day.

China Demonstrations Weaken Tokyo Stock Prices

Nigel Thomas
18 Sep, 2012
New York City

Markets in Tokyo closed lower after China linked companies plunged the most. Fast Retailing, Toyota, Honda, Nissan and Sony were among the large companies that were forced to shutter factories and stores in China after anti-Japanese demonstrations spread to dozens of cities.

Australian Stocks Consolidate, Fortescue Restructures $4.5 Billion Debt

Marcus Jacob
18 Sep, 2012
New York City

Australian markets consolidated gains. Fortescue Metals won debt refinancing for its $4.5 billion debt portion and delayed its earliest payment to November 2015 as iron ore prices slide and the outlook remains uncertain.

UK Inflation Eases to 2.5%, Home Prices Rise 2%

Arthi Gupta
18 Sep, 2012
New York City

The UK indexes eased as the euro zone worries resurfaced. The UK annual inflation eased to 2.5% in August and home prices increased 2% annually in July.