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Market Update

UK Retail Sales Rise, BG Group Sells Comg

Arthi Gupta
29 May, 2012
New York City

The UK indexes advanced after high street sales rose in May. BG Group agreed to sell Comg

Nikkei in Cautious Advance; Renesas, Sony, Panasonic in Focus

Nigel Thomas
29 May, 2012
New York City

Stocks in Tokyo gained but pared earlier gains on domestic corporate and the euro zone export worries. Panasonic, Renesas and Sony were in focus. Rising bond yields in the peripheral euro zone also stoked fears of another financial contagion in the currency union.

Australian Home Sales Advance, Stocks Rise

Marcus Jacob
29 May, 2012
New York City

Australian markets advanced but near the close struggled on the rising financial contagion worries in the euro zone. April new home sales in Australia surged 6.9% after dropping to the worst level in a decade in March.

U.S. Indexes Rise, Marubeni to Acquire Gavilon for $3.6 B

Arthi Gupta
29 May, 2012
New York City

U.S. indexes gained and consumer confidence declined in May and home prices in metropolitan areas advanced in March. Japan-based Marubeni agreed to buy grain handler Gavilon for $3.6 billion. Icahn agreed to acquire 7.6% stake in Chesapeake.

German Import Price Inflation Eases, Spanish Retail Sales Slump

Arthi Gupta
29 May, 2012
New York City

German import price index eased, Spanish retail sales slumped but Swiss consumption indicator rose in April. Swedish sentiment dropped in May and Norwegian jobless rate fell in March.

Euro and Markets Trend Lower as Spanish Economy Weakens

Arthi Gupta
29 May, 2012
New York City

The European indexes pared gains after Bank of Spain forecasted weakening economy and retail sales extended slump. Italy sold

Nikkei in Japan Steady, Renesas Plunged 11%

Nigel Thomas
28 May, 2012
New York City

Stocks in Tokyo gained and Renesas Electronics plunged 11% after the company plans to eliminate 12,000 jobs and raise $1.3 billion. In light trading stocks generally drifted up. Nomura was linked to second insider trading case and Sumitomo Heavy confirmed it was suspended from a defense contract.

Australian Markets Rebound, Hastie Collapses

Marcus Jacob
28 May, 2012
New York City

Australian stocks gained on the hopes that Greece will stay in the euro zone and the currency union will avoid the latest ripple in the financial contagion. Engineering contractor Hastie Group collapsed with $500 million debt and sought bankruptcy protection.

UK House Prices Up 0.2%, Diageo to Acquire Brazil Based Ypi

Arthi Gupta
28 May, 2012
New York City

The UK indexes closed higher tracking European markets and home prices rose in May. Diageo agreed to acquire the premium Brazilian cacha

Spain, Greece, Italy Worries Grip European Markets

Arthi Gupta
28 May, 2012
New York City

The European indexes edged higher after pro-bailout parties in Greece regained ground in opinion polls ahead of the June 17 election. Swedish retail sales fell in April. Italian confidence slumped in May. Deutsche Wohnen agreed to acquire BauBeCon Group for about

Spanish Banks Added to Global Markets Worries List

Bikram Pandey
25 May, 2012
New York City

U.S. stock fluctuated as world markets focused on the ongoing financial and debt crisis in Spain and the euro zone. The troubled Spanish home lender Bankia asked $19 billion in government bailout as the bank battles with high default rates.

U.S. Movers: Flowers Foods, Fred's, Frontline, rue21, Semtech, VeriFone

Mukesh Buch
25 May, 2012
New York City

Flowers Foods first quarter net slipped 8% and lifted fiscal outlook. Fred''s said first quarter net increased 10% and rue21 first quarter net soared 20.6%. Semtech first quarter net tumbled by 90% and VeriFone second quarter net plunged 42.5% to $14.5 million.

Wall Street Looks Beyond Greek Crisis

Arthi Gupta
25 May, 2012
New York City

U.S. indexes declined on rising worries in Europe. Bank of America and Barclays agreed to sell their remaining stake in Archstone to Lehman for $1.58 billion. Citigroup completed sale of equity interest in Turkey-based Akbank for $1.15 billion.

Two Month Slump of 16% in Nikkei in Tokyo

Nigel Thomas
25 May, 2012
New York City

Stocks in Tokyo traded sideways and the Nikkei index declined for the eighth week in a row and extended losses to 16% from the peak in late March. Japan Tobacco agreed to acquire Belgium based cigarette maker Gryson NV for $600 million.

Eurobonds Hopes Extend Gains in European Markets

Arthi Gupta
25 May, 2012
New York City

The European indexes extended gains for the second day and the Euro area leading index fell and Spanish producer price inflation eased in April. Delphi offered to acquire the motorized vehicles unit of FCI for