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European Central Banks Prepare for Greek Outcomes

Arthi Gupta
15 Jun, 2012
New York City

The European indexes gained on hopes of a coordinated joint action from central banks. Ratings agency downgraded five Dutch banking groups. Carrefour agreed to sell its ownership in the Carrefour Marinopoulos joint venture.

Speculation on Fed Action Drives U.S. Stocks Higher, Global Markets Rest

Bikram Pandey
14 Jun, 2012
New York City

Stocks rallied and U.S. indexes advanced more than 0.7% as speculation about central bank actions mounted after the release of latest inflation data. Crude oil and gold gained. European indexes fell as trading volume dried up ahead of Greek election. Foreign investors in Japan switched to bonds.

U.S. Movers: Korn-Ferry, Pier 1 Imports, Kroger, Quest Software

Mukesh Buch
14 Jun, 2012
New York City

Korn/Ferry fourth quarter slumped 41% and Pier 1 Imports first quarter net grew and lifted its fiscal outlook. Kroger first quarter net gained 1.6% to $439.4 million. Quest Software received proposal to acquire for $25.50 per share of common stock in cash.

European Markets on Alert as Spanish Yield Cross 7%, Nokia Plunges

Devan Biswas
14 Jun, 2012
New York City

European markets traded lower as a growing vortex of worries and uncertainties dragged market sentiment lower. Yields on Spanish 10-year bonds crossed the unsustainable 7% and Italian bond yields rose at the latest auction. Spanish home prices fell at the fastest pace in three years.

U.S. Weekly Jobless Claims Up, Consumer Prices Decline

Arthi Gupta
14 Jun, 2012
New York City

U.S. indexes gained after weekly jobless claims rose 6,000 to 386,000 and consumer prices fell 0.3% in May. The euro area contagion worries notched up after Spanish 10-year yield crossed 7% and Italian yields rose. Nokia plans to slash 10,000 jobs.

Nikkei in Tokyo Declines, Foreign Investors Switch to Japanese Bonds

Nigel Thomas
14 Jun, 2012
New York City

Japanese stocks extended losses as foreign investors sold stocks bonds for the eighth week and added bonds for the third week. Exporters and resource stocks declined after interest rates on Italian and Spanish bonds rose.

Global Worries Catch Up With Australian Stocks

Marcus Jacob
14 Jun, 2012
New York City

Australian stocks traded lower on the growing worries that commodities prices may remain depressed for the rest of the year as euro zone struggles to contain debt contagion. Gloucester Coal plans to pay special dividend of $95 million.

Wall Street Lower on Weak U.S. Data, Awaits Italian Debt Auction

Devan Biswas
13 Jun, 2012
New York City

U.S. indexes failed to hold on to marginal gains and dropped 1% in the afternoon. Retail sales declined for the second month in a row and investors worried about the Italian debt auction tomorrow. Crude oil fell and gold rose.

U.S. Retail Sales, Producer Prices Drop

Arthi Gupta
13 Jun, 2012
New York City

U.S. indexes fell after retail sales and producer prices declined more than estimated in May. The International Energy Agency cut its oil demand growth forecast for 2012. Johnson & Johnson received U.S. regulatory approval for its proposed acquisition of Swiss-based Synthes in a $19.7 billion deal.

Italian Yields Approach 4%, Spanish Yields Rise

Devan Biswas
13 Jun, 2012
New York City

European markets were on the defensive ahead of Greek elections. Spanish bond yields rose and Italian bond yields jumped at a debt auction of shorter term maturities. Spanish apparel retailer Inditex lifted its quarterly outlook.

Nikkei in Cautious Advance, Japanese Machinery Orders Up 5.4%

Nigel Thomas
13 Jun, 2012
New York City

Stocks in Tokyo traded higher in cautious trading supported by the purchases from Bank of Japan. Calendar of meetings dominated market sentiment and investors sought safety in defensive stocks. Machinery orders in Japan rose 5.7% in April.

Australian Housing Market Worries Drag Stocks

Marcus Jacob
13 Jun, 2012
New York City

Australian stocks turned negative on the global economic slowdown worries. Domestic housing market remains vulnerable and soft commodities prices also weighed on the market sentiment. Whitehaven Coal said it received an offer to go private.

U.S. Stocks Turn Higher in a Broad Rally

Bikram Pandey
12 Jun, 2012
New York City

Wall Street turned higher and shook of early gloom as investors hunted for bargains. World Bank lowered the global economic growth to 3% in 2013. ING agreed to pay a record find of $619 million for violating sanctions placed for transactions linked to Cuba and Iran.

U.S. Movers: FactSet Research, Finisar, Texas Instruments, Under Armour

Mukesh Buch
12 Jun, 2012
New York City

FactSet Research third quarter income advanced 11% to $48 million. Finisar fourth quarter surged 48% to $13.2 million. Texas Instruments tightened second quarter outlook. Under Armour announced 2-for-1 stock split.

Fed Estimates Wealth Shrink of 39%, U.S. Import Prices Fall

Arthi Gupta
12 Jun, 2012
New York City

Speculation mounted on Wall Street for another stimulus as the euro zone stress lift bond yields of Spain and Italy. Import prices fell 1% in May, the largest monthly decline in two years. The median households lost more than one third of its wealth in three years to 2010.

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