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Facebook Lifts IPO Price Range; Mixed U.S. Economic Data

Arthi Gupta
15 May, 2012
New York City

U.S. indexes climbed after retail sales rose and consumer prices remained flat in April. Facebook raised the price range of its initial public offering. Coty withdrew $10.7 billion takeover bid for Avon Products.

Europe Narrowly Avoids Recession, ThyssenKrupp, Salzgitter Warn

Arthi Gupta
15 May, 2012
New York City

The European indexes rebounded after the German economy expanded more than estimated in the first quarter. Rating agency downgraded 26 Italian banks. Greece sold

Concho, Three Rivers in $1 B Deal; Global Markets Sharply Down

Arthi Gupta
14 May, 2012
New York City

U.S. indexes edged lower on the ongoing political worries in Europe as the euro zone finance ministers discuss the Greek fallout and Greece heads for another election as early as June 17th. Concho Resources agreed to acquire oil and natural gas assets of Three Rivers for $1 billion.

Greece Heading for Elections, Indexes Slump 2%

Arthi Gupta
14 May, 2012
New York City

The European indexes slumped as Greece leaders fail to form a new government and new elections are likely in four weeks. Italy raised

UK Sentiment Slumps, Output Price Inflation Eases

Arthi Gupta
11 May, 2012
New York City

The UK indexes fell after consumer sentiment deteriorated and output price inflation slowed in April. Greece inched closer to forming a coalition government. Petrofac estimates to deliver net profit growth of at least 15% this year.

Nikkei in Tokyo Fall as Global Markets Weaken

Nigel Thomas
15 May, 2012
New York City

Stocks in Japan eased as resources linked companies declined for the second week in a row. Tokyo stocks fell in sympathy with global markets after euro zone political and economic worries overwhelmed domestic earnings in Japan and Asia.

JPMorgan $2 Billon Loss Weighs on Wall Street Trading

Arthi Gupta
11 May, 2012
New York City

U.S. indexes edged lower after JP Morgan announced a $2 billion trading loss. The producer price index fell 0.2% in April. The International Energy Agency lifted its global oil demand forecast. Panasonic reported net loss and Sony estimated lower than expected net in the current fiscal year.

Australian Miners Down on Euro Zone Worries

Marcus Jacob
15 May, 2012
New York City

Australian stocks eased on the growing confirmation that the euro zone is sliding into a recession and Greece is likely to face another parliamentary election as early as next month. Resources linked stocks declined and gold and energy stocks led the losers.

French Investment Growth Lowered, Swedish Jobless Rate Flat

Arthi Gupta
11 May, 2012
New York City

German and Spanish inflation rose but Swedish jobless rate remained unchanged in April. French manufacturing industry estimated investment growth at 6% this year.

EC Estimates Spanish Deficit Above 6%; Credit Agricole, Telefonica Net Plunge

Arthi Gupta
11 May, 2012
New York City

The European indexes edged lower after the European Commission said Spain

Tokyo Stocks Pare Gains; Nissan, Takeda Down on Earnings Worries

Nigel Thomas
14 May, 2012
New York City

The benchmark index Nikkei closed up but the Topix declined for the fourth day in a row. Index losses were limited after China eased bank reserve requirements for the third time in six months.

UK Manufacturing Rises, Bank of England Holds Rates, Bond Program

Arthi Gupta
10 May, 2012
New York City

The UK indexes gained. The BoE policymakers retained the size of quantitative easing and interest rate unchanged. The UK production fell but manufacturing output rose in March. Irish inflation eased to 15-month low in April.

Australian Dollar Falls Below Greenback Parity

Marcus Jacob
14 May, 2012
New York City

Australian stocks gained as miners edged lower and the dollar fell to a new low in five-months and declined below parity with the greenback. The declined after comments from the central bank official indicating weak long term growths in Australian economy outside the mining sector.

U.S. Jobless Claims Fall, Deficit Widens; Coty Raises Offer for Avon

Arthi Gupta
10 May, 2012
New York City

U.S. indexes rose after weekly jobless claims fell 1,000 to 367,000, trade deficit widened more than estimated in March but import prices fell in April. Coty revised its offer for Avon Products with the help of Berkshire Hathaway financing. Cisco drops after revenues grow less than expected.

Largest Weekly Loss in Nikkei in Four Years

Nigel Thomas
11 May, 2012
New York City

Tokyo stocks declined for the third day in a row and the Nikkei index dropped 4.6% at the close of the week, the largest weekly loss in four years. Investors sold stocks linked to China after the latest batch of economic data signalled healthy but slowing economic growth.

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