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UK Home Prices Ease, Aberdeen Asset Management Revenues Up 7%

Arthi Gupta
30 Apr, 2012
New York City

The UK indexes fell after home prices eased in April. Irish loans to households dropped in March. Aberdeen first-half revenue rose 7% to

U.S. Personal Income Rises; Sunoco, Energy Transfer in $5.3 B Deal

Arthi Gupta
30 Apr, 2012
New York City

U.S. indexes gained after personal income and consumer spending rose in March. On the deal front, Energy Transfer agreed to acquire Sunoco for $5.3 billion and Hologic said it agreed to buy Gen-Probe for approximately $3.7 billion.

Euro Area Inflation at 2.6%, German Retail Sales Rebound

Arthi Gupta
30 Apr, 2012
New York City

Euro-zone inflation eased to 2.6% in April. The euro area M3 growth jumped to 3.2% and German retail sales rebounded in March. The Spanish economy contracted in the second quarter and the Swiss central bank swung to loss in the first quarter.

Australian New Home Sales Plunge 9.4%, Spotless Agrees to Buyout

Marcus Jacob
30 Apr, 2012
New York City

Australian stocks gained after copper prices edged up but trading was subdued as markets were closed in Japan and in mainland China. New home sales dropped 9.4% in March and home sales dropped across all states as buyers stay away from record high sale prices.

Spain in Recession; adidas, Anheuser-Busch Up on Earnings

Arthi Gupta
30 Apr, 2012
New York City

The European market indexes traded directionless as many stayed away for a long weekend. Spain slipped back into a double-dip recession after the economy contracted in the first quarter. adidas raised its fiscal 2012 outlook after strong quarterly performance.

Second Weekly Gains in U.S. Index, Earnings, Confidence Drives Rally

Bikram Pandey
27 Apr, 2012
New York City

U.S. markets closed higher and closed up for the second week in a row after investors focused on improved consumer confidence and better than expected earnings. Bank of Japan expanded its programs to buy stocks and real estate securities and bond yields rose in Europe but in fell in New York.

U.S. Movers: Amazon.com, Chevron, Ford, Merck & Co., P&G, Starbucks

Mukesh Buch
27 Apr, 2012
New York City

Amazon first quarter net declined 35% and Kindle stores boost the revenue. Chevron first quarter net rose 4.2% to $6.47 billion. Ford Motor first quarter net plunged 45%. P&G third quarter net slumped 16% to $2.41 billion. Starbucks second quarter net rose 18.5% to $309.9 million.

U.S. GDP Growth Rate Drops to 2.2%, Amazon Net Falls 35%

Arthi Gupta
27 Apr, 2012
New York City

U.S. indexes traded sideways after economy expanded less than estimated in the first quarter. Intuit agreed to acquire Demandforce for $423.5 million and Wells Fargo plans to buy Merlin Securities.

Bank of Japan Expanded Risky Asset Purchase Program, Softbank Up

Nigel Thomas
27 Apr, 2012
New York City

Stocks in Tokyo closed down after an early rally faded. Bank of Japan expanded its risky asset purchase program by $124 billion as anticipated. Softbank surged more than 3% after it hiked dividend and reported a surge in operating profit.

Australian Stocks Edge Lower; Sundance Resources, Cameroon Sign a Deal

Marcus Jacob
27 Apr, 2012
New York City

Stocks in Australian edged lower after international worries overshadowed domestic news. Sundance Resources gained after it signed a deal with Cameroon government. The troubled printer PMP may pursue a highly conditional offer.

Another Signal of Euro Zone Slowdown, Spanish Unemployment at 24.4%

Arthi Gupta
27 Apr, 2012
New York City

The latest release of the confidence data offered another evidence of economic slowdown and Spain said unemployment soared to 24.4%, the highest in the region. Bond yields of Spain and Italy advanced for the second week in a row as the governments race to complete 60% of annual debt target.

European Markets Rise; Daimler, Sanofi, Software AG Earnings Gain

Arthi Gupta
27 Apr, 2012
New York City

The European indexes advanced and yields for Spanish and Italian bonds rose. Ireland-based Jazz Pharmaceuticals agreed to acquire EUSA Pharma for $700 million. Earnings at BASF fell 29% but Daimler AG net rose 29% and Sanofi SA net jumped 50%.

Home Sales and Mixed Earnings Lift Wall Street Sentiment

Bikram Pandey
26 Apr, 2012
New York City

U.S. investors focused on positive earnings and the number contracts to buy homes increased. However, initial claims of weekly unemployment were flat in the last week and weak earnings from Pepsi, UPS, Dow Chemical and Aetna kept market gains in check.

U.S. Movers: Aetna, Chrysler, Colgate, Dow Chemical, PepsiCo, Time Warner

Mukesh Buch
26 Apr, 2012
New York City

Aetna first quarter net slipped 13% to $511 million and Bristol-Myers net increased 12% to $1.1 billion. Chrysler first quarter net quadrupled to $473 million. Colgate first quarter net rose 3% on sales rise. Dow Chemical first quarter net declined 30% on weak demand. PepsiCo net fell.

Earnings Season in Full Swing in Tokyo; Fanuc, Komatsu in Focus

Marcus Jacob
26 Apr, 2012
New York City

Stocks in Japan were in a holding pattern as the earnings season began in earnest and ahead of central bank comments tomorrow. Fanuc plunged 6% after it estimated 3% decline in operating profit for the six months to September.

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