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European Retail Sales Fall, German Orders Decline

Devan Biswas
05 Jun, 2012
New York City

European markets traded mixed and looked ahead for a statement from the G7 meeting today. Spain regained market focus after Treasury minister warned that rising bond yields will effectively shut Spain from credit markets. The euro declined and German orders fell 1.9% in April.

Nikkei Rebounds 1%, Fast Retailing Plunges 9%

Nigel Thomas
05 Jun, 2012
New York City

Stocks in Tokyo rebounded in weak trading ahead of a meeting of G7 finance ministers. Fast Retailing Co plunged 9% after it reported May same store sales plunged 10%. Two card board products makers, Rengo and Tomoku dropped after regulators launch price fixing investigation.

Rate Lowered in Australia, Qantas Estimates Net to Fall 91%

Marcus Jacob
05 Jun, 2012
New York City

Australian stocks rebounded after the Reserve Bank of Australia lowered cash rate by 25 basis points in a preemptive move as financial markets sentiment deteriorated in the last eight weeks. Qantas plunged 18% after it estimated its full year net profit to plunge 91% from a year ago.

Losses Accumulate in Global Markets, S&P 500 Down 10% from Peak

Bikram Pandey
04 Jun, 2012
New York City

U.S. markets extended losses after G7 finance ministers announced emergency meeting tomorrow to discuss widening euro zone debt crisis. The benchmark index fell 10% from its peak in April. Commodities declined for the fifth week in a row and crude oil prices fell to a new low.

U.S. Movers: AutoNation, Salesforce.com, Vanguard Natural, WellPoint

Mukesh Buch
04 Jun, 2012
New York City

AutoNation May sales surged 45% and the retailer Conn''s lifted its annual outlook. Salesforce.com agreed to acquire Buddy Media for $689 million and Vanguard Natural agreed to acquire energy assets for $445 million. WellPoint offered $900 million in cash for 1-800 Contacts.

Australian Stocks at Six-Month Low, Corporate Profits Ease

Marcus Jacob
04 Jun, 2012
New York City

Australian stocks plunged and the benchmark index declined to six-month low after commodities prices eased. Business inventories adjusted for inflation and seasonality declined in the March quarter and corporate profit fell.

Topix in Japan at 28-Year Low

Nigel Thomas
04 Jun, 2012
New York City

Stocks in Japan extended losses and the benchmark indexes dropped to six month low and the Topix fell to 28-year low. Sony Corp declined to 32-year low and export sensitive stocks to Europe led the decliners.

Wall Street in Early Rebound, Salesforce to Buy Buddy Media

Arthi Gupta
04 Jun, 2012
New York City

Stocks on Wall Street rose in early trading but global markets worries persisted as European leaders look for tighter fiscal integration. Salesforce.com agreed to buy Buddy Media for approximately $689 million Vanguard agreed to acquire natural gas assets for $445 million from Antero Resources.

Portugal to Inject

Devan Biswas
04 Jun, 2012
New York City

European markets were in a holding pattern as leaders voice their plans ahead of the regional summit later in the year. Euro are wholesale inflation was steady and consumer price inflation declined but stayed above the target range established by the central bank.

Global Markets Gloom Darkens, Wall Street Extends World Sell-Off

Bikram Pandey
02 Jun, 2012
New York City

The global markets gloom darkened after a string of weak economic data from the U.S., India, China and Europe. In addition, Brazil lowered its rate to a record low and bond yields of U.S. declined to record low of 1.43% and German and Swiss negative yields deepened. Gold gained 4% and oil fell 4%.

U.S. Movers: Ascena Retail, CGI Group, OmniVision, Saic, Vera Bradley

Mukesh Buch
01 Jun, 2012
New York City

Ascena Retail Group third quarter net slumped 7.2% to $49.4 million. CGI Group agreed to acquire UK based Logica for

Nikkei in Tokyo Drops 1.2%

Nigel Thomas
01 Jun, 2012
New York City

Stocks in Japan extended losses as economic slowdown worries in China and U.S. added to a list of market worries. The benchmark Nikkei index turned negative for the year after 10.3% loss in May. Exporters and resources stocks were on the defensive.

Australian Indexes Extended Losses, BlueScope Plunges

Marcus Jacob
01 Jun, 2012
New York City

The Australian indexes extended losses for the third day but closed up the week 0.9%. The dollar edged lower and declined 7% in the last four weeks. BlueScope Steel may face as much as $140 million in revised taxes for two years to 2008.

Wall Street Indexes Down 1.5%, U.S. Jobless Rate Rises to 8.2%

Devan Biswas
01 Jun, 2012
New York City

Wall Street extended losses after employers added 69,000 jobs in May and unemployment increased to 8.2%. The weather played a significant role in pulling forward jobs in warm winter months. Consumer spending and income rose in April and European markets dropped 2% as Spain struggled with finances.

Manufacturing in Europe Weakens and Unemployment Nears 11%

Arthi Gupta
01 Jun, 2012
New York City

The European indexes slumped after mmanufacturing dropped to a 3-year low in May but euro area jobless rate was stable in April. The IMF was forced to deny rumors that Spain requested direct assistance and UK growth forecast was lowered.

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