ticker

Nikkei Jumps 1%; Hitachi, Komatsu, Fanuc Fuji Heavy Up on Outlook

Nigel Thomas
31 Oct, 2012
New York City

Investors shifted attention to domestic earnings news and the Nikkei in Tokyo jumped 1%. Hitachi and Komatsu gained after maintaining annual earnings outlook and Fuji Heavy soared 7% after lifting earnings estimate.

New High in Euro Zone Jobless Rate, German Retail Sales Rise

Arthi Gupta
31 Oct, 2012
New York City

The European indexes gained after the euro area jobless rate rose to a record 11.6% and German retail sales improved in September. The UK consumer confidence fell to a six-month low in October.

Australian Building Approvals Rise 7.8%, NAB Profit Falls 22%

Marcus Jacob
31 Oct, 2012
New York City

Australian stocks closed higher after residential building approvals increased 7.8% in September. National Australian Bank reported full year revenues increased 5.2% and net income dropped 22% to $4.08 billion on losses and restructuring charges linked to UK operations.

Europe Movers: ArcelorMittal, Barclays, Continental, Total, Novo Nordisk

Arthi Gupta
31 Oct, 2012
New York City

Barclays and ArcelorMittal slip to quarterly loss. Continental nine-month sales jumped 9.1% to

Wall Street Remains Closed for Second Day

Bikram Pandey
30 Oct, 2012
New York City

Stock exchanges and Wall Street was closed for the second day in a row. Lower Manhattan, where the New York Stock Exchange is located, is struggling with widespread salt water flooding and power outages that may cripple the activities for days to come.

U.S. Movers: Archer-Daniels, Cardinal Health, Ecolab, Ford, Johnson Controls

Mukesh Buch
30 Oct, 2012
New York City

Archer-Daniels first quarter net plunged 60%. Cardinal Health net soared 15% and reaffirmed fiscal outlook. Ecolab third quarter net jumped 54% but lowered 2012 guidance. Ford third quarter net declined 18% and Johnson Controls fourth quarter net swung to loss.

Nikkei in 3-day Slump, BoJ Expands Asset Purchase Program

Nigel Thomas
30 Oct, 2012
New York City

The Nikkei index in Tokyo declined for the third day and dropped to its one-month average after Bank of Japan announced the widely expected asset purchase program increase. The central bank also left its target rate range between zero and 0.1%.

Australian Insurers Worry Sandy Losses, Virgin in Alliance with Etihad

Marcus Jacob
30 Oct, 2012
New York City

Australian stocks struggled to advance and investors looked in international markets for direction. Virgin Australia announced a far reaching alliance with Singapore Airlines, Etihad and Air New Zealand and sold 10% stake to Singapore Airlines.

UBS to Slash 10,000 Jobs, Bayer Agrees to Acquire Schiff for $1.2 B

Arthi Gupta
30 Oct, 2012
New York City

The European indexes rose on upbeat corporate earnings. German jobless rate remained unchanged at 6.9% in October and UBS plans to slash 10,000 jobs. Bayer HealthCare agreed to acquire Schiff Nutrition for $1.2 billion.

Europe Movers: Deutsche Bank, UBS, Imperial Tobacco, BP, Software AG

Arthi Gupta
30 Oct, 2012
New York City

Deutsche Bank net revenues rose 18% to

Hurricane Sandy Forces Wall Street Trading Closure

Nichole Harper
29 Oct, 2012
New York City

Financial markets in New York were closed today after Hurricane Sandy gathered storm and regulators and government officials prepare for one of the worst storms in decades.

Nikkei in Tokyo Struggles, Honda Lowers Outlook by 20%

Nigel Thomas
29 Oct, 2012
New York City

Stocks in Tokyo were under pressure after Honda lowered its annual income outlook by 20%. Several Japanese companies have cut profit outlook after extended boycott of Japanese products in China dragged sales. NTT DoCoMo lowered its annual net outlook by 9%.

Market Update