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Best Monthly Gain in Nikkei Since Feb, Yen Falls on New Stimulus Plan

Nigel Thomas
30 Nov, 2012
New York City

Nikkei index in Tokyo advanced after Japanese government approved the $1.2 billion stimulus measures ahead of general elections. Nikkei gained the best monthly gain since February. The yen traded near eight month low. Industrial production rose in October on a surge in electronics parts production.

Australian Index Nears One-Month High

Marcus Jacob
30 Nov, 2012
New York City

Australian stocks opened higher following the gains in Asian and European markets. Banks and resource sector stocks closed up. Qantas said October customer traffic increased 5.9% but revenue per seat declined. Lynas said it started its Malaysian rare earth plant.

U.S. Personal Spending Falls, Income Climbs

Arthi Gupta
30 Nov, 2012
New York City

U.S. indexes traded sideways as lawmakers negotiate budget details. U.S. personal income increased but spending fell in October. Japan announced $10.7 billion of stimulus measures to boost economic growth.

Euro Area Jobless Rate at 11.7%, UK Confidence Soars

Arthi Gupta
30 Nov, 2012
New York City

The euro area jobless rate rose and German retail sales fell in October. Annual inflation in the euro zone eased and UK consumer sentiment soared to an 18-month high in November. Osram plans to reduce 4,700 jobs by 2014.

U.S. Movers: Avago Technologies, Genesco, OmniVision, Ulta Salon

Mukesh Buch
30 Nov, 2012
New York City

Avago Technologies fourth quarter slid 3% to $159 million. Genesco third quarter net surged 57% and lifted outlook. OmniVision second quarter plunged 51%. United Natural Foods first quarter net jumped 42% and Ulta Salon third quarter net soared 43%.

Europe Movers: CSR, Ferrovial, Kingfisher, RBS, TNT Express

Arthi Gupta
30 Nov, 2012
New York City

Ferrovial declared a dividend of 1 euro gross per share. Royal Bank of Scotland canceled its agreement to sell its Indian Retail & Commercial banking operations to HSBC.

Markets Gyrate on Lawmakers Comments, Gold and Oil Up

Bikram Pandey
29 Nov, 2012
New York City

Stocks in New York gyrated after lawmakers gave conflicting signals of budget negotiation progress. Pending home sales increased 5.2% in October and the second estimate of the U.S. economic growth was revised to 2.7% annual rate in the third quarter. Weekly jobless claims declined.

Tokyo Stocks Rebound; JFE Holdings, ANA, Shikoku Electric Ruse

Nigel Thomas
29 Nov, 2012
New York City

Stocks in Tokyo rebounded from the sell-off in previous session. Electric utilities closed higher on the prospect of a rate hike next year. Steelmaker JFE Holdings gained on the speculation of positive cash flow.

Australian Mining Sector Cuts Capital Spending Plans

Marcus Jacob
29 Nov, 2012
New York City

Australian markets traded higher and latest survey showed a sharp decline in mining industry capital spending plan. Rio Tinto said it plans to cut $5 billion in operating and support costs by 2014.

Third Quarter GDP Revised Up to 2.7%, Weekly Jobless Claims Fall

Arthi Gupta
29 Nov, 2012
New York City

Investors focused on the economic reports and shifted away from the fiscal cliff noise. Third quarter GDP growth was revised higher to 2.7% and weekly unemployment claims declined for the second week in a row last week.

U.S. Movers: Barnes & Noble, Guess, Infoblox, Kroger, Tiffany

Mukesh Buch
29 Nov, 2012
New York City

Barnes & Noble third quarter net swung to a loss. Beacon Roofing fourth quarter net dropped 11%. Infoblox first quarter loss widened. Kroger third quarter net climbed 62% and Tiffany quarterly net plunged 30%.

Euro Zone Economic Sentiment Improves, Italy Raises

Arthi Gupta
29 Nov, 2012
New York City

The sentiment across the euro zone improved after falling for eight months in a row. Italy raised

Europe Movers: Ahold, BP, Norsk Hydro, Rio Tinto, Siemens

Arthi Gupta
29 Nov, 2012
New York City

Ahold to increase its existing cost savings program from

U.S. Markets Reverse to Close Up 0.8%, BP Banned from U.S. Contracts

Bikram Pandey
28 Nov, 2012
New York City

U.S. indexes rebounded from early losses of 1% and managed to close up 0.8% after President Obama and Speaker Boehner sounded optimistic on the budget compromise. BP plc was banned from U.S. federal contract temporarily and may be forced to settle $20 billion civil litigation.

Nikkei Halts 4-Day Gains, Kawasaki Postpones Fleet Expansion

Nigel Thomas
28 Nov, 2012
New York City

Nikkei in Tokyo fell 1.2% and the Topix declined 1.3% after indexes rallied for four days as the yen weakened in the last two weeks. Sakurada plunged 92% after the company filed for bankruptcy proceedings. Kawasaki Kaisen postponed fleet expansion on a global glut.

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