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Market Update

Yields at Italian Debt Auction Fall, Carrefour Up 5%

Arthi Gupta
12 Jul, 2012
New York City

The European indexes declined after latest statement from the ECB highlighted downside risks and the European industrial production rebounded unexpectedly. Italy sold

Greek Jobless Rate at 22.5%, Euro Area Output Improves

Arthi Gupta
12 Jul, 2012
New York City

Greek jobless rate rose to a record high in April. German wholesale price inflation eased but French annual inflation remained unchanged in June. Industrial production in the euro area improved and Dutch exports soared in May.

Stocks Fall After Immediate Stimulus Hopes Fade, World Markets Cautious

Bikram Pandey
11 Jul, 2012
New York City

U.S. indexes accelerated the decline after the prospect of another stimulus faded. The latest minutes of Fed meeting showed that more action may be needed to lower unemployment rate but also noted most of the jobless rate is driven by structural factors.

U.S. Trade Deficit Narrows, Stocks Lower Ahead of Minutes

Arthi Gupta
11 Jul, 2012
New York City

U.S. indexes traded sideways after trade deficit contracted and wholesale inventories increased in May. Unit Corp agreed to acquire certain oil and natural gas properties from Noble Energy for $617 million.

Libor Rate Scandal Widens to Regulators, Burberry Plunges 8%

Arthi Gupta
11 Jul, 2012
New York City

The UK indexes fell after economy remained flat in the June quarter. Burberry plunged despite a rise in quarterly revenues. Rolls-Royce won $280 million worth order from Avianca and Shell acquired remaining outstanding shares in Gasnor for $74 million.

U.S. Movers: Adtran, Hhgregg, Oracle, Tech Data, Unit Corp

Mukesh Buch
11 Jul, 2012
New York City

Adtran second quarter net declined 43%. Hhgregg lowered its quarterly and annual net outlook. Tech Data agreed to buy Brightstar Corp. for $165.6 million. Unit Corp acquires certain assets of Noble Energy for $617.1 million.

German Inflation Eases, French Current Account Deficit Narrows

Arthi Gupta
11 Jul, 2012
New York City

French current account deficit narrowed and Spanish leading indicator index fell in May. Inflation in Germany eased but in Hungary rose in June and the Czech unemployment rate dropped in June.

Spain Unveils

Arthi Gupta
11 Jul, 2012
New York City

The European indexes traded mixed and Spain announced new

Nikkei Slides Ahead of BoJ Meeting

Nigel Thomas
11 Jul, 2012
New York City

Stocks in Tokyo extended losses for the fifth day and the yen traded at 97 against euro and 79.21 against a dollar as the currency continued its advance for the last five weeks. Electronic chip equipment makers dropped after sales warning from Applied Materials.

Australian Index in 5-Day Slump, Telstra Shines

Marcus Jacob
11 Jul, 2012
New York City

Australian stocks closed lower for the fifth day and investors awaited more economic data from China. Stocks in resource sector declined for the third day in a row and Telstra extended annual gain to 12% and traded at 40-month high.

Tech Stocks Weak, Euro at 2-year Low; Oil Extend Losses

Bikram Pandey
10 Jul, 2012
New York City

Stocks in New York turned lower after tech companies issued cautious outlook. AMD reported lower chip sales and Applied Materials lowered annual outlook. European leaders took steps to expedite the rescue of Spanish banks but bond yields failed to materially weaken.

U.S. Movers: Alcoa, Applied Materials, A. Schulman, Shaw Group

Mukesh Buch
10 Jul, 2012
New York City

Alcoa second quarter net swung to loss and Applied Materials lowered its annual outlook. Helen of Troy first quarter net slumped. Shaw Group third quarter loss narrowed. Wolverine second quarter net slid and reaffirms fiscal outlook.

UK Deficit Narrows, Diamond Forfeits

Arthi Gupta
10 Jul, 2012
New York City

The UK indexes advanced after Spanish concerns eased for now. UK retail sales climbed in June and production improved and deficit narrowed in May. Barclays former CEO Bob Diamond agreed to give up his bonus but will keep his salary.

Nikkei in 4-day Slump; Nikon Plunges 7%

Nigel Thomas
10 Jul, 2012
New York City

The benchmark Nikkei index in Tokyo fell for the fourth day and wiped off the gains of the month after Chinese international trade data fell short of expectations. Bank of Japan is schedule to release its measures later in the week.

Wall Street Opens Higher after Spanish Deal

Arthi Gupta
10 Jul, 2012
New York City

U.S. indexes traded higher in cautious trading after ministers in the euro zone agreed to release bailout funds of