Market Update

Greek Parliament Approves Budget, German Wholesale Inflation Rises

Arthi Gupta
12 Nov, 2012
New York City

The European indexes traded sideways and Greek lawmakers approved the 2013 budget. German wholesale price index increased 4.6% on an annual basis in October. Dutch surplus declined in September.

Europe Movers: Deutsche Wohnen, Telecom Italia, Fraport, Manz, DSM

Arthi Gupta
12 Nov, 2012
New York City

Deutsche Wohnen nine months consolidated profit more than doubled. Telecom Italia soars on Egyptian investor offer of

U.S. Markets Halt Decline, Consumer Confidence at 5-Year High

Bikram Pandey
09 Nov, 2012
New York City

U.S. stocks halted two-day slide and gained on the hopes after lawmakers offered willingness to work together to avert fast approaching fiscal cliff. For the week, the S&P 500 and the Nasdaq Composite index dropped 2.4%.

Nikkei in 5-Day Slump; Nexon, Sumitomo Rubber Fall

Nigel Thomas
09 Nov, 2012
New York City

Stocks in Tokyo declined for the fifth day and fell to a 4-week low as investors worry slowing global economic outlook and rising debt worries in the U.S. and the euro zone. Nexon and Sumitomo Rubber declined on weaker outlook. Gungho Online soared 13%.

Australian Markets Worry Shifting Priorities in China

Marcus Jacob
09 Nov, 2012
New York City

Australian stocks closed lower and indexes closed flat for the week. Once in a decade change in Chinese leadership prompted worries of shifting priorities to consumption from infrastructure development.

U.S. Movers: Ameren, J. C. Penney, Groupon, Priceline.com, Disney

Mukesh Buch
09 Nov, 2012
New York City

Array plans to raise $18 million in a secondary offering. J. C. Penney loss narrowed and comparable store sales plummeted 26.1%. Groupon third quarter loss narrowed. Priceline.com agreed to buy Kayak Software for $1.8 billion. Walt Disney fourth quarter net climbed 14%.

UK Deficit Narrows, Diageo to Buy 53.4% Stake in United Spirits

Arthi Gupta
09 Nov, 2012
New York City

The UK indexes slid after deficit narrowed to

J.C. Penney Sales Plunge 26%, Priceline to Buy Kayak in $1.8 B Deal

Arthi Gupta
09 Nov, 2012
New York City

World markets shift attention to unresolved U.S. and European debt problems after the U.S. elections. Priceline.com agreed to buy Kayak Software in a $1.8 billion cash and stock deal. Moneygram swung to third quarter loss. J.C. Penney quarterly sales drop 26%.

European Indexes at 2-Week Low, Iberia Plans to Cut 4,500 Jobs

Arthi Gupta
09 Nov, 2012
New York City

The European indexes edged lower to a 2-week low and Greece stepped closer to winning the next tranche of bailout after approving in a narrow vote

German Inflation Stable, French Industrial Output Falls

Arthi Gupta
09 Nov, 2012
New York City

German consumer prices climbed and Norwegian inflation rose in October. French, Italian, and Swedish industrial production fell in September.

Europe Movers: BMW, IAG, Allianz, Generali, Cr

Arthi Gupta
09 Nov, 2012
New York City

Allianz revenues rose 4.7% to

U.S. Stocks and Euro at 2-month Low

Bikram Pandey
08 Nov, 2012
New York City

U.S. indexes extended losses and trimmed annual gain to 10% as lawmakers prepare for tough budget negotiations and European nations struggle to reign debts. Apple Inc dropped 23% below from its peak as competition heats up in tablet market.

UK Home Prices Fall, New Car Registrations Rise

Arthi Gupta
06 Nov, 2012
New York City

The UK indexes climbed after production fell in September. Home prices in the UK declined but new car registrations rose in October. BG Group completed the sale of Brazil based Comg

World Markets Await U.S. Election Results, Antiquated System

Barry Randall
06 Nov, 2012
New York City

U.S. stocks closed higher on the Election Day on high voter turnout but the presidential race is close and final outcome may not be known until late tomorrow. U.S. struggles with antiquated election infrastructure that is managed by states with the lack of consistency in voting hours.

Nikkei Drops to 3-Week Low, Machinery Orders Fall 4.3%

Nigel Thomas
08 Nov, 2012
New York City

Stocks in Japan continue to drift lower and the Nikkei index dropped to a 3-week low. Machinery orders fell 4.3% in September on falling exports. Oki Electric and Citizen Holdings fell on lowered expectations but Isuzu Motor boosted annual net income outlook.