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Market Update

U.S. Movers: Informatica, LaCrosse, Seagate, Xyratex

Mukesh Buch
06 Jul, 2012
New York City

Informatica lowers second quarter estimates. LaCrosse agrees to be acquired by Japan based ABC-Mart. Seagate cuts fourth quarter sales and margin.

UK Inflation Slows, Systemic Weakness at London Trading Desks

Arthi Gupta
06 Jul, 2012
New York City

The UK indexes slid after output price inflation eased in June. London trading desks are targets by regulators for their systemic weakness. Aviva lowered its stake in Delta Lloyd. Seagate Technology slumped 3.1% on weak outlook.

Weak Employment Growth Keeps Jobless Rate at 8.2%

Arthi Gupta
06 Jul, 2012
New York City

U.S. indexes declined after payrolls in June increased less than expected. The IMF said it is likely to lower its global growth outlook. Christopher & Banks rejected unsolicited takeover proposal.

Fifth Weekly Rise in Nikkei, Local Economy Stocks Favored

Nigel Thomas
06 Jul, 2012
New York City

Tokyo averages decreased but gained for the fifth week in a row. Investors added to stocks in telecom, retail, banks and real estate sectors and preferred stocks active in the domestic economy.

Australian Dollar in 8th Weekly Gain Against Euro, Billabong Surges

Marcus Jacob
06 Jul, 2012
New York City

Australian indexes traded lower on Friday but managed to close up 1.5% in the week. Resources stocks fell after commodities prices weakened on the worries of economic slowdown in China. The Australian dollar closed up for the eight week in a row against the euro.

French Deficit Narrowed, German Production Ahead of Expectations

Arthi Gupta
06 Jul, 2012
New York City

Industrial production in Germany rose more than estimated but Spanish industrial production fell in May. French deficit narrowed in June.

Italy Approves

Arthi Gupta
06 Jul, 2012
New York City

The European indexes dipped. SGS agreed to acquire Belgium-based Exprimo. Peugeot slumped after an annual decline in first-half worldwide sales.

Wall Street Cautious on Europe; Apple, Netflix Jump

Bikram Pandey
05 Jul, 2012
New York City

Stocks recovered from early losses after investors shifted focus to employment data. Central banks in Europe, UK and China took actions to revive economic growths. U.S. chain stores reported weak comparable sales in June. Crude oil, copper and gold declined more than 1%.

U.S. Movers: Costco, FedEx, International Speedway, Limited Brands

Mukesh Buch
05 Jul, 2012
New York City

Costco June same store sales rose 3% and Limited Brands increased of 7%. FedEx completes the acquisition of TATEX a French express transportation company. Volkswagen agreed to buy remaining half of sports car maker Porsche.

Diamond Blames Industry, Regulators; BoE Expands Asset Purchase Plan

Arthi Gupta
05 Jul, 2012
New York City

The UK indexes traded sideways after the Bank of England expanded its asset purchase program but maintained record low interest rate. Home prices in the UK rose unexpectedly in June. Ireland raised

U.S. Jobless Claims Drop; Central Banks in China, Europe Act

Arthi Gupta
05 Jul, 2012
New York City

U.S. indexes rose after weekly jobless claims fell and private sector employment rose in June. The European Central Bank cut key rate to 0.75% and the Bank of England expanded asset purchase plan. Walgreen agreed to purchase a regional drugstore chain for $438 million.

Nikkei Hovers Near 2-Month High

Nigel Thomas
05 Jul, 2012
New York City

Tokyo stocks edged down after a month-long rally that powered indexes to 2-month highs. Machinery and construction stocks traded higher and Nikon closed at 4-year high on the expectations of better than expected profits in the camera division.

Australian Markets Flat, Rinehart Cuts Fairfax Stake

Marcus Jacob
05 Jul, 2012
New York City

Australian stocks ended flat in a choppy trading as investors look ahead at central banks for additional monetary steps. Fairfax Media was in focus again after Gina Rinehart cut her stake down to 15%.

EU Productivity Declines, German Construction Contracts

Arthi Gupta
05 Jul, 2012
New York City

EU productivity declined and the consumer price inflation in the Netherlands remained unchanged in June. German construction sector continued to shrink but Swedish service production rose in May.

ECB Cuts Rate to 0.75%, GKN Acquires Volvo Aero

Arthi Gupta
05 Jul, 2012
New York City

The European indexes gained after the European Central Bank cut key rate. Spain sold