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Market Update

Narrower U.S. Current Account Deficit, Stocks Open Lower

Arthi Gupta
18 Sep, 2012
New York City

U.S. indexes traded lower and oil slipped for the second day as the effectiveness of the latest Fed stimulus was questioned. FedEx lowered its profit view. Dole Food agreed to sell its worldwide packaged foods and fresh produce businesses in Asia to Itochu for $1.7 billion.

Lingering Questions on Spanish Bailout

Arthi Gupta
18 Sep, 2012
New York City

The European indexes edged lower as investors refocus on the details of the possible Spanish bailout as bad bank loans rose in the country. Spain raised

German Sentiment Improves, EU27 Auto Sales Fall 8.9%

Arthi Gupta
18 Sep, 2012
New York City

Germans economic sentiment improved in September and the Swiss economy is forecasted to expand 1% this year. Greek current account swung to a surplus in July and Portuguese producer price inflation climbed in August.

Europe Movers: Akzo Nobel, Deutsche Bank, Merck, Volvo

Arthi Gupta
18 Sep, 2012
New York City

Volvo said truck deliveries fell 4% in August. Akzo Nobel plunged 5%. The Finnish paper company Metso plans layoffs in several of its units that may lead to as many as 630 job cuts.

Stocks on Hold, Volatile Oil; Apple Nears $700

Bikram Pandey
17 Sep, 2012
New York City

Market indexes in New York steadily declined in the session and recovered some of the lost ground in the last thirty minutes. Oil dropped 5% in volatile trading. Apple Inc said customers ordered 2 million iPhone 5 devices on the first day exceeding demand estimates.

U.S. Movers: Complete Genomics, Lowe

Mukesh Buch
17 Sep, 2012
New York City

Complete Genomics is agreed to be acquired by China based company. Lowe''s withdrew its C$1.8 billion offer for Canada based Rona. Waste Connections agreed to acquire subsidiaries of R360 Environmental for $1.3 billion in cash.

UK Home Prices Fall as Market Turns Cautious

Arthi Gupta
17 Sep, 2012
New York City

The UK indexes edged lower after home prices in the UK declined 0.6% in September. Reckitt Benckiser announced a management change. Redstone agreed to acquire Maxima for approximately

Investor Question Market Gains as Europe Faces Demonstrations

Arthi Gupta
17 Sep, 2012
New York City

World markets rested after a week of advance and growing demonstrations in Europe against the austerity measures. On merger Monday, Waste Connections agreed to acquire businesses from R360 Environmental Solutions for $1.3 billion. The Carlyle Group agreed to buy Landmark Aviation.

European Investors Shift Focus to Spanish Bailout

Arthi Gupta
17 Sep, 2012
New York City

The European indexes edged lower after the euphoria of the Fed stimulus action waned and leaders in the region step up diplomacy to decide the fate of larger bailout for Spain. The euro zone finance ministers meeting in Cyprus was inconclusive.

Australian Indexes Extend Gains as Commodities Advance

Marcus Jacob
17 Sep, 2012
New York City

Australian markets closed at a new 4-month high after oil, copper, iron ore, nickel and gold advanced in international markets. Fortescue Metals was halted for the second day in a row. Qantas won a regulatory approval for its code sharing alliance with South African Airways.

Europe Movers: Deutsche Bank, Fresenius, H & M, SSAB

Arthi Gupta
17 Sep, 2012
New York City

Hennes & Mauritz said August sales increased and comparable sales decreased 4%. SSAB plunged on weak third quarter outlook. Deutsche Bank and Fresenius Medical appoint new executives.

Euro Zone Surplus Widens, German Manufacturing Jobs Rise 2.5%

Arthi Gupta
17 Sep, 2012
New York City

The euro zone current account surplus narrowed, German manufacturing sector employment rose, and Italy recorded a surplus of

Blue Chips Advance, Dollar Falls; Asian Markets Lead Global Rally

Bikram Pandey
14 Sep, 2012
New York City

U.S. indexes extended gains for the second day and the mortgage bonds spreads fall to record low after the Fed announced a plan to purchase bonds. Gold added 2% in the week and soared 13% in the year. Apple closed at a new high and won a ruling in a case brought by Samsung.

UK Home Prices Recover, Construction Output Drops

Arthi Gupta
14 Sep, 2012
New York City

The UK indexes advanced following the world markets rally sparked by the U.S. Federal Reserve to print more money. The UK construction output fell and Irish surplus increased in July. Home prices in the United Kingdom rebounded in August.

U.S. Movers: Analogic, Bayer HealthCare, Home Depot, Werner Enterprises

Mukesh Buch
14 Sep, 2012
New York City

Analogic net jumped 75% and reaffirmed fiscal outlook. Bayer HealthCare agreed to be acquired by Teva Pharmaceuticals for as much as $145 million. Summit Midstream agreed to acquire La Grange for $207 million. Home Depot plans to close seven big box stores in China.