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Market Update

Nikkei Rebounds 1.1%; Mitsubishi Heavy, Daio Paper in Focus

Nigel Thomas
20 Jun, 2012
New York City

Nikkei index in Tokyo rebounded sharply after a statement from the G20 lifted hopes for an action plan in the euro zone and speculators bid up stocks ahead of the U.S. Fed announcement later today. Investors turned attention to domestic companies as the yen stayed strong.

News Corp Offers $2 Billion for Cons Media, Australian Housing Starts Plunge

Marcus Jacob
20 Jun, 2012
New York City

Australian stocks closed higher and international events dominated local trading. News Corp offered $2 billion to acquire Consolidated Media and announced restructuring of its local operations. Resource sector stocks closed higher.

German PPI Eases, Italian Deficit Narrows

Arthi Gupta
20 Jun, 2012
New York City

German producer price inflation slowed more than estimated in May. Economic confidence in Sweden and Danish consumer confidence fell in June. Italian current account deficit narrowed in April.

G20 Lifts Stakes for Europe as Leaders Promise Deeper Integration

Arthi Gupta
20 Jun, 2012
New York City

European markets cautiously traded higher on the optimism that banking industry integration will break the debt spiral in the highly indebted nations in the region. German producer price inflation eased more than estimated in May.

Fed Hopes Lift Wall Street Indexes Higher, Global Markets Cautious

Bikram Pandey
19 Jun, 2012
New York City

U.S. stocks traded higher ahead of Fed meeting conclusion tomorrow on the hopes that the central bank may announce additional stimulus measures. European markets jumped as Spain completed its target bond offering but yields were near 7%. Markets in Asia recalibrated and trimmed gains.

U.S. Movers: Discover Financial, FedEx, InterDigital, Oracle, Walgreen

Mukesh Buch
19 Jun, 2012
New York City

Discover Financial second quarter dropped 11% to $537 million and FedEx fourth quarter net slides 1% to $550 million. InterDigital sells patent applications to Intel for $375 million in cash. Oracle fourth quarter net soared 8% to $3.45 billion.

UK Annual Inflation Eases, Home Prices Rise

Arthi Gupta
19 Jun, 2012
New York City

The UK indexes surged more than 1% and annual inflation eased to a 30-month low in May and home prices increased in April. Cable & Wireless secured shareholders approval for the

U.S. Housing Starts Drop, Oracle Net Up 8%

Arthi Gupta
19 Jun, 2012
New York City

U.S. indexes gained and housing starts fell. Walgreen agreed to acquire 45% stake in Alliance Boots for $6.7 billion. Air Products agreed to buy stake in Chile-based Indura for $884 million. Brookfield Office agreed to purchase office buildings in London for $829 million. Oracle net rose 8%.

Walgreen to Acquire 45% Stake in Alliance Boots for $6.7 Billion

Arthi Gupta
19 Jun, 2012
New York City

Walgreen Co. and Alliance Boots GmbH entered into a strategic transaction that will create a global pharmaceutical leader with 11,000 stores in 12 countries and presence in 25 nations and 370 distribution centers and serve 170,000 pharmacies.

Nikkei Trims Gains of Monday, Steelmakers Fall

Nigel Thomas
19 Jun, 2012
New York City

Stocks in Japan trimmed half the gains of Monday after investors focused on the widening contagion in the euro zone. Sharp Corp gained on the hopes that Hon Hai may increase its stake in the company. Steelmakers fell on the price decline worries.

Spanish Yields Rise in Debt Auction, Danone Slumps 7%

Arthi Gupta
19 Jun, 2012
New York City

The European indexes rose after Samaras inched closer to forming a coalition government in Greece and Spain sold

German Sentiment Plunges, Euro Zone Construction Output Falls

Arthi Gupta
19 Jun, 2012
New York City

Construction output in the euro area fell in April. German economic confidence worsened and French business sentiment slid in June. Swedish jobless rate rose in May.

Australian Stocks Ease, Centro in $200 Million Settlement

Marcus Jacob
19 Jun, 2012
New York City

Australian stocks edged lower as world investors shift focus to Spain and the gathering of G 20 leaders. IMF is expected to receive more capital from member nations and increase lending to the euro zone. Centro shareholders will see only 60% of $200 million in legal settlement.

U.S. Movers: Elster Group, DSW, Fairfax Financial, Yamuna Gold

Mukesh Buch
18 Jun, 2012
New York City

Elster Group SE confirms possible acquisition by Melrose PLC. DSW reiterate 2012 outlook. Fairfax to acquire UK based Brit Insurance for $300 million. Yamuna Gold agreed to acquire Extorre Gold Mines valued $395 million.

UK Home Prices Climb, Motorola Solutions to Acquire Psion

Arthi Gupta
18 Jun, 2012
New York City

The UK indexes advanced after home prices climbed in June. Irish surplus rose in April. Motorola Solutions agreed to acquire Psion for