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European Markets Struggle; SAP Rises on Earnings, Peugeot Down 8%

Devan Biswas
27 Jul, 2011
New York City

European markets turned lower after bank lending in the euro-zone rose at a slower pace in June. Swiss leading indicator index declined for the third month in a row and Italian manufacturing index weakened. SAP AG gained after it reported a strong quarter and Peugeot Citroen declined 8%.

Nikkei in Tokyo Eases 0.5%; Fanuc Net Up 34%, Orix Net Soars 44%

Nigel Thomas
27 Jul, 2011
New York City

Stocks in Japan declined after positive earnings were overshadowed by the rising debt tensions in the U.S. Fanuc Ltd reported higher earnings and lifted its current quarter view. The leasing company Orix also reported 44% increase in net. The dollar declined below 78 yen mark.

Inflation in Australian Jumps, Australian Dollar Record

Marcus Jacob
27 Jul, 2011
New York City

Australian stocks declined after inflation accelerated in the second quarter. Food and household services prices increase lifted inflation in the second quarter to 0.9% from the first quarter and rose 3.6% on an annual basis. Banks, steelmakers declined after the Australian dollar rose to a record.

Netflix Q2 Earnings Call Transcript

123jump.com Staff
27 Jul, 2011
New York City

The online movie renter quarterly revenues rose 52% to $788.6 million. Net quarterly income surged 77% to $68.2 million. Earnings per share grew to $1.26 from 80 cents per share a year ago quarter. Netflix added 1.80 million net new subscribers in the U.S. compared to 1.03 million a year earlier.

U.S. Stocks in Holding Pattern; Political Worries Overshadow Earnings

Bikram Pandey
26 Jul, 2011
New York City

U.S. stocks struggled as mixed earnings and growing uncertainty in Washington weighed on the sentiment. 3M, Ford and Netflix led the decliners. U.S. new home sales weakness highlighted ongoing weakness in the economy and home prices in the metropolitan areas declined. Oil, copper and gold gained.

U.S. Movers: 3M, Biogen, Cummins, Ford, T. Rowe, Valero, Western Union

Mukesh Buch
26 Jul, 2011
New York City

3M second quarter net income rose to $1.16 billion but Biogen second quarter net income decreased to $288 million. Cummins second quarter net income soared to $505 million. Ford second quarter net income decreased to $2.4 billion. Valero net income increased to $744 million.

European Indexes Weak; UBS Net Drops 50%, BP Profit Down 21%

Arjun Dave
26 Jul, 2011
New York City

The European markets struggled as investors digested a string of mixed earnings. BP Plc reported sharply lower profit on a weak production outlook and the largest Swiss bank UBS said quarterly net was cut in half on revenue fall of 14%.

U.S. Indexes Calm as Debt Talks Anxieties Rise; Strong Earnings

Devan Biswas
26 Jul, 2011
New York City

The U.S. indexes struggled as earnings were ahead of expectations but debt-talks uncertainty unnerved investors. The U.S. is facing a government shutdown and a rating downgrade if the lawmakers fail to agree on a spending cut plan and lift debt ceiling before August 2.

Nikkei in Tokyo Trades Higher Yen Scales Up

Nigel Thomas
26 Jul, 2011
New York City

Stocks in Japan rebounded on the hopes of better than expected earnings. Canon and Kao revised earnings estimates higher. Metals and resources linked companies gained as gold and oil trade near recent highs.

Australian Stocks Rebound; Consumer Spending to Recover

Marcus Jacob
26 Jul, 2011
New York City

Australian stocks rebounded as commodities prices hovered near the recent highs. The RBA Governor Glenn Stevens noted that rises in commodities prices shipped from Australia may stabilize but sounded optimistic about the improvement in consumer spending.

Impasse in Washington; Impatience in New York

Bikram Pandey
25 Jul, 2011
New York City

U.S. stocks turned cautious as fears of debt default gripped investor sentiment near close. Bond yields gained a fraction and oil traded near $100 a barrel, however the dollar was firm. Greek bailout plan failed to calm the European bond markets and Asian markets faltered.

European Markets Struggle; Yields Rise in Spain, Italy and Belgium

Devan Biswas
25 Jul, 2011
New York City

The European markets struggled after the Greek bailout agreement on Friday. The bond yields of Italy and Spain rose as the euro-zone ministers agree to share pain to rescue Greece. Belgian banks fell as the pressure mounts on the government to pass more austerity measures.

U.S. Movers: Baker Hughes, Lorillard, Eaton, HCA, Kimberly-Clark

Mukesh Buch
25 Jul, 2011
New York City

Baker Hughes second quarter net income swung to $338 million. BE Aerospace second quarter net earnings soared 46%. Eaton second quarter net income increased to $336 million. HCA Holdings and Kimberly-Clark quarterly net income decreased.

Debt-Talks-Stall Saps Market Confidence; World Markets Cautious

Arjun Dave
25 Jul, 2011
New York City

U.S. indexes trended lower as the lack of progress in debt talks sapped market confidence. Any agreement of debt ceiling increase less than $2.4 trillion may lower world markets. Research In Motion Ltd announced to cut 2,000 jobs. Oil flirted near $100 a barrel.

Nikkei Declines in Tokyo; Tepco Recovers from 9% Loss

Nigel Thomas
25 Jul, 2011
New York City

Stocks in Japan declined on the worries that the U.S. debt talks impasse may lead to financial markets dislocation. The Nikkei index hovered near the 10,000 mark and the yen strengthened to a 4-month high.

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