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UK Service Sector Growth Slumps, Manchester United Files for IPO

Arthi Gupta
04 Jul, 2012
New York City

The UK indexes declined after service sector growth slumped to an eight month low and shop price inflation eased in June. Manchester United filed for a New York listing. Tullow estimates record revenues in the first-half.

Nikkei in Tokyo at 8-Week Peak on the Hopes of BoJ Action

Marcus Jacob
04 Jul, 2012
New York City

Stocks in Tokyo traded higher as investors focused on the positives in the market and looked at the central banks of Europe and Japan for more actions. Resources linked stocks traded higher after commodities gained.

European Indexes Decline, Spanish, Italian Yields Above 6%

Arthi Gupta
04 Jul, 2012
New York City

The European indexes edged lower on weaker-than-estimated service sector activity in June. Investors look ahead for actions from European Central Bank and Bank of England tomorrow.

Euro Area Retail Sales Improve, German Services Output Stagnates

Arthi Gupta
04 Jul, 2012
New York City

Retail sales in the euro-zone increased unexpectedly in May. The euro area service sector data signaled a reduction in activity in June with many of the regions reporting contraction. Italian deficit to gross domestic product increased in the first quarter.

Factory Data, Auto Sales Power Wall Street Advance

Bikram Pandey
03 Jul, 2012
New York City

U.S. indexes traded higher in a short session after factory orders increased in May and auto sales surged in June. Commodities also powered the rally after copper, gold and oil closed higher.

U.S. Movers: Duke Energy, Microsoft, SXC Health Solutions, Verso Paper

Mukesh Buch
03 Jul, 2012
New York City

Duke Energy completed its merger with Progress Energy. Microsoft wrote down $6.2 billion of assets in its online services division. SXC Health Solutions completed merger of Catalyst Health Solutions.

U.S. Indexes Advance, Chrysler June Sales Up 20%

Arthi Gupta
03 Jul, 2012
New York City

U.S. indexes traded higher on the hopes of a central bank action. One Equity Partners agreed to acquire M*Modal for about $1.1 billion. Rexam proposed to sell its personal care business for $709 million. Chrysler reported a 20% increase in total U.S. sales for June.

Political Pressure on Barclays as London Becomes Scandal Center

Bikram Pandey
03 Jul, 2012
New York City

UK politicians stepped up heat on Barclays after the global bank encouraged rate setting for the London interbak offered rate or Libor. More resignations are likely after Robert Diamond Jr resigned as politicians and regulators target culture of recklessness and outsize greed.

Euro Inflation Falls to 27-month Low, ECB Action Hopes Rise

Arthi Gupta
03 Jul, 2012
New York City

The European indexes rose on speculation that central bank may step up actions as the euro area producer price inflation declined to a 27-month low and UK mortgage approvals fell in May. Spanish unemployment dropped in June. BlackRock agreed to acquire Swiss Re Private Equity Partners.

Nikkei Above 9,000; Kawasaki Kisen, ANA Plunge

Nigel Thomas
03 Jul, 2012
New York City

Stocks in Tokyo extended gains for the second day and the Nikkei index closed above 9,000 for the second time in a row and at an 8-week high. All Nippon Airways Co Ltd plunged 14% and said it plans to raise $2.5 billion. Kawasaki Kisen Kaisha dropped 15% and said it plans to sell 200 million shares.

Banks and Miners Lead Australian Indexes Lower

Marcus Jacob
03 Jul, 2012
New York City

Australian markets closed lower after a choppy day of trading. Energy companies traded lower after a renewed weakness in crude oil and natural gas prices but metals and mining companies gained.

Wall Street Eases on Global Slowdown, Oil Retreats

Bikram Pandey
02 Jul, 2012
New York City

U.S. stocks drifted lower as the latest economic data reinforced weakening global scenario. Manufacturing weakened in the U.S., Europe and China and jobless rate surged to a record high in the euro zone. More than $12 billion of deals were announced on Monday.

U.S. Movers: Acuity Brands, Bristol-Myers, Barclays, Dell, Lincare

Mukesh Buch
02 Jul, 2012
New York City

Bristol-Myers agreed to acquire Amylin for $5.3 billion. Dell to buy Quest Software deal $2.4 billion in cash. Ingram agreed to acquire BrightPoint valued $840 million. Medical equipment maker Lincare signed a deal with Linde Group in a cash of $4.6 billion.

Amylin, Bristol-Myers in $5.3 Billion Deal, Record Jobless Rate in Europe

Arthi Gupta
02 Jul, 2012
New York City

U.S. indexes traded sideways after weak global economic data. Bristol-Myers agreed to acquire Amylin for $5.3 billion, Micron Technology agreed to buy Japanese chipmaker Elpida for $2.5 billion and Ingram Micro agreed to purchase Brightpoint for $840 million.

Nikkei Gains Evaporate, Nippon Yusen Targets Logistics Sales Growth

Nigel Thomas
02 Jul, 2012
New York City

The strength in the yen in the last one hour of trading evaporated most of the gains of 1% in the benchmark Nikkei. Exporters and electronics makers turned lower. Nippon Yusen guided higher revenues on forwarding and warehousing business.

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