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Market Update

Europe Movers: Aryzta, Julius Baer, Syngenta, TNT Express

Arthi Gupta
24 Sep, 2012
New York City

Julius Baer plans to cut up to 880 jobs at overseas wealth management business of Merrill Lynch. Aryzta full year group revenue rose 8.5% to

World Markets Consolidate, Spain and Euro Zone in Focus

Bikram Pandey
21 Sep, 2012
New York City

World markets consolidate after solid advances in the last two weeks powered by moves from central banks. The S&P 500 index closed down for the first time in three weeks. Gold and oil rebounded. Glencore delays Xstrata merger plan. Japan Airlines sinks below its offer price.

Nikkei Rebounds, Japanese Companies Consider Leaving China

Nigel Thomas
21 Sep, 2012
New York City

Stocks rebounded in Tokyo after falling the most in three weeks as investors turned focus to domestic companies and defensive sectors. Sharp Corp surged 5% on reports that the company is in talks with Intel Corp. Japan Tobacco gained 3%.

New Record in UK Budget Deficit, Home Price Sentiment Rises

Arthi Gupta
21 Sep, 2012
New York City

The UK indexes dropped after the home price sentiment index rose in September and budget deficit surged to a new record in August. The Bank of England Governor Mervyn King forecasted slow recovery in the UK.

U.S. Movers: Cintas, Darden Restaurants, KB Home, Oracle, Tibco

Mukesh Buch
21 Sep, 2012
New York City

Cintas net jumped 12% and reiterated fiscal outlook. Darden Restaurants quarterly net was ahead of expectations. KB Home net swung to profit as sales jump. Oracle first quarter net climbed 11% to $2.03 billion. Rockwell updated fiscal 2013 views.

Origin Energy Estimates Gas Demand To Triple in Australia

Marcus Jacob
21 Sep, 2012
New York City

Australian stocks consolidated gains in the second week as commodities prices regain upward momentum. Premier Investments soared after fiscal 2012 net jumped 69%. Origin Energy forecasted natural gas demand to triple in the next five years.

iPhone Launch Attracts Worldwide Fans, Global Indexes Higher

Arthi Gupta
21 Sep, 2012
New York City

U.S. indexes gained on the rising hopes that Spain may request a formal bailout as early as next week. iPhone 5 launch attracted worldwide fans and sales are expected to exceed 10 million in two weeks. Oracle quarterly earnings rose 11%. KB Home swung to quarterly profit.

Euro Rises on Spanish Bailout Request Hopes

Arthi Gupta
21 Sep, 2012
New York City

The European indexes advanced on speculation that Spain is nearing a bailout request. Italy estimated contraction to deepen to 2.4% this year. Greece failed to reach an agreement with its coalition partners on spending cuts demanded by the troika.

German Leading Index Climbs, Italy Estimates Deeper Contraction

Arthi Gupta
21 Sep, 2012
New York City

Italy deepened its estimate of recession this year. Euro zone consumer confidence unexpectedly fell in September. German leading index climbed and Dutch consumer spending declined in July.

Europe Movers: adidas, Richemont, Saint-Gobain, Syngenta

Arthi Gupta
21 Sep, 2012
New York City

adidas reduced Reebok 2015 sales target to

Weakening Global Economies

Bikram Pandey
20 Sep, 2012
New York City

World markets and indexes in New York closed down after economic data from the euro zone, China and Japan indicated weakening outlook. Global deal making continues despite market uncertainties. The U.S. dollar strengthened, oil decreased and gold and copper eased.

UK Retail Sales Drop 0.2%, BSkyB Deemed

Arthi Gupta
20 Sep, 2012
New York City

The UK indexes edged lower tracking weak global economic data. The UK retail sales fell less than estimated in August. The Irish economy stagnated in the second quarter.

U.S. Movers: Adobe, ConAgra, IHS, Jefferies, Rite Aid, Scholastic

Mukesh Buch
20 Sep, 2012
New York City

ConAgra jumped on quarterly results and lifted fiscal outlook. CarMax quarterly net was nearly flat. IHS cuts fiscal guidance. Rite Aid loss narrowed and lowered fiscal outlook. Scholastic loss widened.

U.S. Jobless Claims Fall; Exxon, Denbury Ink $1.6 B Deal

Arthi Gupta
20 Sep, 2012
New York City

U.S. indexes fell after weekly jobless claims slid and manufacturing index was flat in September. Exxon agreed to acquire Denbury

Nikkei Down 1.6%, Japanese Trade Gap Widens

Nigel Thomas
20 Sep, 2012
New York City

The benchmark index in Tokyo dropped the most in three months after the latest economic data from China indicated a slowdown in manufacturing. The fall in exports and imports widened the August month trade deficit in Japan.