ticker

U.S., European Markets Look Beyond Greek Vote; IMF Selects Lagarde

Bikram Pandey
28 Jun, 2011
New York City

U.S. indexes turned positive ahead of closely watched Greek vote tomorrow. The Dow, Nasdaq and S&P 500 indexes added more than 1%. The euro gained. Crude oil and commodities advanced. The IMF appointed French Finance Minister Christine Lagarde as the next managing director.

U.S. Movers: Ice, ITT, Nike, Shire

Mukesh Buch
28 Jun, 2011
New York City

ICE mobile is now available for Android devices and mobile trading. ITT Corp. signed seven-year strategic partnership agreement to provide products and services with Saudi Arabian Oil Company. Nike fourth quarter net income grew 14% to $594 mn. Shire completes acquisition of Advanced BioHealing Inc.

UK GDP Expands 0.5%, Home Price Index Drop 2.2% in May

Arthi Gupta
28 Jun, 2011
New York City

The UK indexes rose after GDP expanded 0.5%, employment rose 1.4%, business investment and consumer spending slid in the first quarter. Irish consumer confidence deteriorated to a 4-month low in June. Cable & Wireless plunged 14% on weak fiscal year 2012 outlook.

Greece Uncertainty Drags Global Indexes Lower; Nike Net Rises 14%

Arthi Gupta
28 Jun, 2011
New York City

U.S. indexes traded flat with Greece in focus. General Dynamics won a $286 million contract from the U.S. Army. McCormick agreed to acquire Kamis for about $291 million. Nike quarterly earnings and revenues more than expected.

European Commercial Vehicle Sales Up; Swedish Retail Sales Fall

Arthi Gupta
28 Jun, 2011
New York City

European commercial vehicle sales improved and Swedish retail sales dropped in May. German consumer confidence set to strengthen in July. Italy''s producer prices rose and Swiss consumption indicator increased in May.

Unions Strike in Greece Ahead of Vote Tomorrow

Arthi Gupta
28 Jun, 2011
New York City

The European indexes declined ahead of the austerity measures vote in Greek parliament. Greek unions call for a two-day strike. Carrefour received offer from Brazil-based Gama to form a strategic partnership.

Stocks in Japan Rebound on Manufacturing Recovery Hopes

Nigel Thomas
28 Jun, 2011
New York City

Japanese stocks rebounded after investors focused on domestic events. The makers of steel, autos and electronics rose on the expectations of quicker than estimated recovery in manufacturing. Department sales decline slowed from a year ago in May and lifted stocks of retailers.

Australian Stocks Swing Higher; Rio Tinto Predicts 10 Years of Growth

Marcus Jacob
28 Jun, 2011
New York City

Australian index inched higher as investors tiptoed back to the market and set aside the worries related to Greece. Crude oil declined but resources linked stocks closed higher. Rio Tinto chief executive predicted company growth for the next ten years.

Financials Lift U.S. Indexes; Italy, Greece Worries in Rearview

Bikram Pandey
27 Jun, 2011
New York City

U.S. indexes rebounded after a weakness of seven of the last eight weeks. Banks closed higher after rule setting committee passed a watered down proposal to increase capital and delayed the implementation to between 2016 and 2018. European bond investors expand focus to Italy.

U.S. Movers: Icagen, Park Electrochemical, Universal Forest

Mukesh Buch
27 Jun, 2011
New York City

Park Electrochemical first quarter net fell. Stanley Black agreed to acquire Sweden based Niscayah AB for $1.2 billion. Universal Forest will align the costs due to significantly weaker-than-expected sales in the first five months.

UK Home Prices Decline 0.1%; Ocado Swings to Profit

Arthi Gupta
27 Jun, 2011
New York City

The UK indexes gained on optimism of a solution to the Greece debt crisis The Greek Parliament begins a debate on the austerity measures today and a parliament vote is expected on Wednesday. The UK home prices declined in June.

U.S. Personal Income Rises 0.3%; Dow, Nasdaq Up 1%

Arthi Gupta
27 Jun, 2011
New York City

U.S. indexes traded higher after personal income rose 0.3% in May. S1 agreed to merge with Fundtech in $700 million stock swap purchase. Metropolitan Health agreed to acquire Continucare for $416 million.

Euro-Area FDI Plunges; Romania Jobless Rate at 7.6%

Arthi Gupta
27 Jun, 2011
New York City

Foreign direct investment in the European Union plunged 75% to

Nikkei in Tokyo Falls 1% on Bank Worries, Nissan Guides Higher

Nigel Thomas
27 Jun, 2011
New York City

Stocks in Japan closed lower as investors focused on the passage of Greek austerity measures. Banks declined on the worries that the failure to pass the measures may affect large banks around the world. Automakers gained after positive comments from Nissan.

Greece in Focus; Akzo Nobel Plunges 10%

Arthi Gupta
27 Jun, 2011
New York City

The European indexes traded sideways ahead of Greece

Market Update