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Market Update

European Indexes Lower, Trade Surplus Rises

Arthi Gupta
16 Nov, 2012
New York City

The European indexes edged lower after euro zone trade surplus rose in September. European new car sales fell in October. Graphic Packaging agreed to acquire Contego for

Europe Movers: BP, Henkel, Lafarge, Reckitt Benckiser, Volvo

Arthi Gupta
16 Nov, 2012
New York City

Aegis total group revenue rose 14.5% and Henkel sales rose 6.6% to

U.S. Jobless Claims Soar, Consumer Prices Rise 0.1%

Arthi Gupta
15 Nov, 2012
New York City

U.S. indexes traded sideways after jobless claims soared and consumer prices increased. Starbucks agreed to acquire Teavana for about $620 million. Wal-Mart quarterly sales rose 3.4% to $113.2 billion.

Euro Zone Inflation at 2.5%, UK Retail Sales Decline

Arthi Gupta
15 Nov, 2012
New York City

The European indexes declined after inflation in the euro area and the UK retail sales fell in October. The French and German economy expanded 0.2% in the third quarter.

Europe Movers: Ahold, Bouygues, Merck, National Grid, Air Berlin

Arthi Gupta
15 Nov, 2012
New York City

Zurich Insurance net income plunged 62% to $477 million and Ahold earnings slumped 46% to

U.S. Retail Sales Decline 0.3%, Producer Prices Fall 0.2%

Arthi Gupta
14 Nov, 2012
New York City

U.S. indexes traded higher after retail sales and producer prices declined in October. General Mills reaffirmed fiscal year 2013 earnings guidance. Staples swung to third quarter loss.

U.S. Movers: Abercrombie & Fitch, Cisco, Staples, Tyco International

Mukesh Buch
14 Nov, 2012
New York City

Abercrombie & Fitch third quarter net climbed 40% and reaffirmed fiscal guidance. Cisco first quarter net climbed 18% to $2.09 billion and forecasted revenue growth. Staples and Tyco International quarterly net swung to loss as sales dropped.

Greek Economy Contracts 7.2%, UK Jobless Rate Falls

Arthi Gupta
14 Nov, 2012
New York City

The European indexes declined. Italy sold

Europe Movers: BHP, ICAP, Infineon, RWE, Bilfinger, VimpelCom

Arthi Gupta
14 Nov, 2012
New York City

ICAP first-half revenues fell 14% to

U.S. Movers: Dick's Sporting, Saks, Home Depot, TJX, Vodafone

Mukesh Buch
13 Nov, 2012
New York City

Dick''s Sporting third quarter net climbed 4% on sales and lifted outlook. Saks quarterly net gained 3% and Home Depot net increased 1.4% to $947 million and increase fiscal guidance. TJX third quarter net soared 14% as comparable sales climbed 7%. Vodafone first-half swung to

U.S. Movers: D.R. Horton, Precision Castparts, Sherwin-Williams, WellCare

Mukesh Buch
12 Nov, 2012
New York City

Leucadia National agreed to buy Jefferies Group in a deal valued $3.6 billion. Precision Castparts on Friday agreed to acquire Titanium Metals for $2.9 billion. Sherwin-Williams agreed to acquire Mexico based Consorcio Comex valued $2.4 billion in cash.

Titanium Metals Merges with Precision Castparts, Leucadia to Buy Jeffries

Arthi Gupta
12 Nov, 2012
New York City

U.S. indexes gained as fiscal cliff worries recede and investors focus on recent economic data. Precision Castparts agreed to acquire Titanium Metals for $2.9 billion. Leucadia offered $3.6 billion to acquire remaining stake in Jeffries Group. D.R. Horton quarterly net soared.

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%.