ticker

Machinery Orders in Japan Rise for the Second Month, Oki Electric Down 11%

Nigel Thomas
12 Sep, 2012
New York City

Stocks in Tokyo surged for the second day in a row after machinery orders increased and investors reacted positively to the comments from Chinese officials. Stocks in resource sector and linked to domestic economy were in favor. Oki Electric plunged 11%.

U.S. Import Prices Climb, Apple Release Awaited

Arthi Gupta
12 Sep, 2012
New York City

U.S. indexes gained after Germany ratified the European Stability Mechanism. U.S. import prices rose less than estimated in August. The IEA revised global oil demand forecast for 2012 and 2013. Texas Instruments narrowed third quarter revenue outlook.

Australian Markets Rebound, Iron Ore Price Above $100

Marcus Jacob
12 Sep, 2012
New York City

Australian markets traded sharply higher and iron ore price jumped above $100 a ton. Mining companies gained after Chinese officials offered to increase stimulus if needed.

German Court Ratifies ESM with Two Conditions

Arthi Gupta
12 Sep, 2012
New York City

The European indexes gained after a German court ratified the European Stability Mechanism. Italy raised

Fed Speculation Drives Markets; Citi to Take $2.9 B Charge for Smith Barney

Bikram Pandey
11 Sep, 2012
New York City

U.S. and European markets rallied and the euro neared four-month high on the growing expectation of another round of stimulus. U.S. trade deficit was stable after exports decreased and lower oil price cut the import bill. Morgan Stanley and Citigroup agreed on $13.5 billion value for Smith Barney.

Nikkei Declines 0.7%, Panasonic Debt Rating Cut

Nigel Thomas
11 Sep, 2012
New York City

Stocks in Tokyo trading were on the defensive after China reported weak economic data and U.S. employment rebound was less than expected. Electronic chip-equipment makers declined after Intel lowered its annual view.

Australian Markets Halt 3-Day Rally

Marcus Jacob
11 Sep, 2012
New York City

Australian stocks declined after a 3-day rally ahead of fate of the German court ruling. Mining companies closed mixed and iron ore prices rose to $95 a ton. CSL Limited won a U.S. government contract for influenza pandemic preparedness.

U.S. Movers: Casey

Mukesh Buch
11 Sep, 2012
New York City

Casey

Markets Extend Gains, U.S. Trade Deficit Flat

Arthi Gupta
11 Sep, 2012
New York City

U.S. indexes extend gains ahead of the Fed meeting. U.S. trade deficit rose slightly in July. The U.S. Treasury priced AIG stock at $32.50 per share. The OECD unemployment rate increased slightly in July.

Europe Movers: Ashmore, Burberry, Deutsche Bank, Philips

Arthi Gupta
11 Sep, 2012
New York City

Ashmore full year pre-tax profit fell to

Euro Nears 4-Month High on German Ruling Optimism

Arthi Gupta
11 Sep, 2012
New York City

The European indexes declined on euro area woes. German wholesale price index rose in August. The UK home prices declined in August and deficit narrowed in July. Philips plans to slash 2,200 positions and lower costs by as much as

UK Confidence at 20-Year Low, Dixons, Marks & Spencer in Focus

Arthi Gupta
10 Sep, 2012
New York City

The UK indexes slid after business confidence plummeted to a 20-year low in August. Shell agreed to sell its 50% working interest in the Holstein Field to Plains Exploration for $560 million. Marks & Spencer Group gained 3% on deal speculation.

Japan Lowers GDP Growth to 0.2%, Current Account Surplus Narrows

Nigel Thomas
10 Sep, 2012
New York City

Stocks in Tokyo trading were on the defensive after China reported weak economic data and U.S. employment rebound was less than expected. Japan lowered its June quarter economic growth to 0.2%. Electronic chip-equipment makers declined after Intel lowered its annual view.

BP to Sell $5.6 B of Gulf of Mexico Assets, China Faces Slowdown

Arthi Gupta
10 Sep, 2012
New York City

U.S. indexes traded lower after weaker-than-estimated Chinese economic data. BP agreed to sell its non-strategic Gulf of Mexico assets to Plains Exploration for $5.55 billion. Garda agreed to be acquired by consortium for C$1.1 billion.

Fed Measures Awaited, Greece in Focus

Bikram Pandey
10 Sep, 2012
New York City

Investors were on the sideline after the market surge last week and ahead of the Fed meeting mid-week. Markets have built up expectations of another round of stimulus. Greece regained focus after coalition members failed to agree on spending cuts demanded by lenders.

Market Update