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Market Update

French Confidence Rebounds, UK March borrowings at

Arthi Gupta
24 Apr, 2012
New York City

French confidence improved in April and the index was the highest since November 2010. UK public borrowing rose in March as the government struggles with revenues and fees.

Spanish, Italian and Dutch Yields Rise, Shell Lifted Cove Offer

Arthi Gupta
24 Apr, 2012
New York City

The European indexes rebounded after debt auctions by Spain, Italy and the Netherlands. French sentiment improved in April. The UK public sector net borrowing rose in March. Shell agreed to buy Cove for

World Markets Selloff, Wal-Mart Falls 5% on Bribery Probe

Bikram Pandey
23 Apr, 2012
New York City

U.S. indexes traded lower and fell more than 1% and the Nasdaq declined as much as 1.7%. Crude oil and gold dropped and the dollar gained. Total of $15 billion of deals were announced in the U.S. and Europe. Hong Kong led the sharp declines in Asian markets.

U.S. Movers: BE Aerospace, ConocoPhillips, Eaton, Hasbro, Kellogg, Pfizer

Mukesh Buch
23 Apr, 2012
New York City

BE Aerospace first quarter net surged 37% and reaffirmed 2012 outlook. ConocoPhillips net fell on weak production. Hasbro swung to first quarter net loss on weak sales in North America. Kellogg lowered full year outlook. Xerox quarterly net fell to $269 million.

$15 Billion of Merger Deals, U.S. Indexes Ease

Arthi Gupta
23 Apr, 2012
New York City

U.S. indexes fell after global economic worries weighed on the market. Weak manufacturing in China and the euro area dampened market sentiment despite the release of $15 billion worth of deals in the U.S. and Europe. Pfizer agreed to divest its infant nutrition business to Nestl

Investors Await BoJ Comments in Tokyo, Rakuten Dropped 4%

Nigel Thomas
23 Apr, 2012
New York City

Stocks and broader indexes in Tokyo fell ahead of comments from the Bank of Japan on Friday. Investors were cautious and speculation mounted that the central bank may expand its $800 billion asset purchase program. Rakuten, the largest e-commerce website operator shut down its site in China.

Australian PPI Falls, Stocks Weak Ahead of CPI Data

Marcus Jacob
23 Apr, 2012
New York City

Australian stocks edged lower on the first day of a short trading week after producer prices declined in the March quarter. Investors are expecting consumer price index to show an increase of at least 0.6% tomorrow.

Weak Euro Zone Private Sector Data; Spanish GDP Shrinks 0.4%

Arthi Gupta
23 Apr, 2012
New York City

European markets dropped after the latest reading on the private sector activity showed larger than expected weakness in April. French business sentiment index declined. Spanish economy shrank 0.4%, the first quarterly decline after seven quarters of modest growth.

Nestl

Arthi Gupta
23 Apr, 2012
New York City

The G-20 nations pledged $430 billion to the IMF. Nestl

U.S. Stocks Advance on Earnings, IMF Seeks $400 Billion in Reserves

Bikram Pandey
20 Apr, 2012
New York City

U.S. stocks snapped higher after two days of losses on better than expected earnings from General Electric, Microsoft and McDonald

U.S. Movers: GE, Honeywell, Kimberly-Clark, McDonald

Mukesh Buch
20 Apr, 2012
New York City

General Electric first quarter net declined 12% to $3.03 billion and Honeywell first quarter net soared 17% to $823 million. Ingersoll-Rand first quarter net swung to $95.6 million profit. McDonald

GE, Microsoft, McDonald

Arthi Gupta
20 Apr, 2012
New York City

U.S. indexes gained momentum after better-than-estimated earnings and leading economic index rose in March. Apollo increased its offer price to acquire Great Wolf. Microsoft earnings beat estimates of lower quarterly net earnings.

Nikkei Extends Third Weekly Loss, JFE Net Drops 68%

Nigel Thomas
20 Apr, 2012
New York City

Stocks in Japan closed lower and the benchmark Nikkei index declined for the third week in a row. JFE Holdings said full-year net dropped 68% on stronger yen and flat steel products prices. Freight shippers were higher on the expectations of a recovery in container rates.

Australian Indexes Extend Gains; Woolworths Struggles

Marcus Jacob
20 Apr, 2012
New York City

Australian stocks gained 0.1% to close at a new 8-month high and for the week jumped 1% as world finance ministers and bankers gather in Washington to discuss the euro zone crisis and faltering global economic growth. Woolworths reported weaker than expected quarterly sales results.

World Bankers Talk Crisis Again, Nestl

Arthi Gupta
20 Apr, 2012
New York City

The European indexes pared gains after trading higher in the day after German business sentiment improved unexpectedly in April. The UK retail sales rose in March. International Airlines Group completed the acquisition of bmi from Lufthansa.