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Nikkei Jumps 0.8%; Fujitsu and Nippon Steel Fall on Earnings

Marcus Jacob
30 Jul, 2012
New York City

Stocks in Japan traded higher as political momentum builds in the euro zone for another round of bond purchase. Nippon Steel fell after it estimated loss in the first half. Fujitsu traded near three decade low after it reported a net loss but Konica Minolta gained on earnings.

Australian Markets Participate in Asian Rally

Marcus Jacob
30 Jul, 2012
New York City

Australian markets closed higher for the third day in a row and resources linked stocks led the advance. Iron ore prices traded near 30-month low ahead of the Chinese manufacturing data later in the week.

CB&I and Shaw in $3 B Deal, Roper to Buy Sunquest for $1.4 B

Arthi Gupta
30 Jul, 2012
New York City

U.S. indexes struggled and CB&I agreed to acquire Shaw Group for $3 billion in a cash and stock transaction. Roper agreed to acquire Sunquest for $1.415 billion. European leaders reaffirmed their commitment to the euro and indicated decisive and coordinated action as early as this week.

Europe Movers: Accor, HSBC, Benckiser and TNT

Arthi Gupta
30 Jul, 2012
New York City

Air France-KLM second quarter loss widened and Reckitt Benckiser revenue dipped. Air Liquide first-half sales and profit rose. Ryanair first quarter slumped 29% on higher fuel costs.

Spanish Economy Contracts, Italian Yield Falls Below 6%

Arthi Gupta
30 Jul, 2012
New York City

The European indexes rallied on optimism that the ECB will take steps to resolve the debt crisis. Italy raised

World Markets Rally on the ECB Action Hopes, S&P Up 1.9%

Bikram Pandey
27 Jul, 2012
New York City

U.S. indexes extended rally that began in Europe yesterday and swept around the world on the hopes of a fresh round of bond purchase by the European Central Bank. The strong market gains were seen in broad indexes and commodities closed higher. However earnings related stocks dominated trading.

Nikkei Jumps 1.5%, Automobiles and Steel Makers Lead Advance

Nigel Thomas
27 Jul, 2012
New York City

Nikkei index in Tokyo advanced 1.5% and for the week decreased 1.2%. Automakers, steelmakers and shippers led the market advance after comments from the ECB president and short covering fuelled the rally.

U.S. Movers: Aon, Amazon.com, Chevron, Merck, Newmont Mining

Mukesh Buch
27 Jul, 2012
New York City

Aon second quarter net slipped 5% and Amazon.com second quarter net tumbled 96% to $7 million. Chevron second quarter net slid 1.6% to $7.21 billion. Merck net declined 11.4% to $1.79 billion and Newmont Mining plunged 27.9% to $279 million.

Australians Worry Iron Ore Price Decline

Marcus Jacob
27 Jul, 2012
New York City

Australian markets close higher as commodities advanced and the dollar gained a fraction. The spot price of iron ore declined for the second week in a row and dropped to a new low of $118 a ton and is likely to test the price level of $110.

U.S. Movers: ABB, Amgen, Chubb, Facebook, Starbucks, United Technologies

Mukesh Buch
27 Jul, 2012
New York City

ABB second quarter net declined 27%. AstraZeneca second quarter net plunged 46% to $1.24 billion. Facebook second quarter net swung to $157 million loss. United Technologies net rose and completed the acquisition of Goodrich.

U.S. Growth Rate Slowed to 1.5%, Lower Yields in Europe

Arthi Gupta
27 Jul, 2012
New York City

U.S. indexes advanced after economic growth declined to 1.5% rate in the second quarter. Italy raised

Europe Movers: Michelin, Pearson, Renault

Arthi Gupta
27 Jul, 2012
New York City

Linde and Michelin first-half earnings rose on revenue growth. Lafarge quarterly net plunged 80% on Greek impairment charges. Total earnings plunged 42% in the second quarter.

Europe Movers: Barclays, Danone, EADS, Saint Gobain

Arthi Gupta
27 Jul, 2012
New York City

EADS lifted its fiscal 2012 earnings outlook. Saint-Gobain said second quarter hit by a deterioration in the economic climate in Western Europe.

European Indexes Pare Gains, Spanish Jobless Rate at 24.6%

Arthi Gupta
27 Jul, 2012
New York City

The European indexes pared gains on worries that Greece is struggling to meet its deficit target. Euro-zone leading index declined in June. Spanish jobless rate rose in the second quarter. Total and Lafarge quarterly earnings slumped.

Earnings Drive World Markets Sentiment, Draghi Reiterates Euro Stance

Bikram Pandey
26 Jul, 2012
New York City

Latest batch of earnings from U.S., Europe and Asia lifted markets sentiment in nine largest markets around the world. Indexes in Europe and New York also advanced after ECB president reiterated his comments to preserve the euro. Commodities gained.

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