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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.

Second Day Decline in U.S. Indexes on Economic Data

Bikram Pandey
19 Apr, 2012
New York City

U.S indexes decreased for the second day in a row after initial jobless claims were ahead of expectations and existing home sales fell in March for the second month in a row. The index of leading economic indicators in the month posted the sixth advance in a row.

Japan Swings to Trade Deficit in March; Nippon Sheet at 3-Decade Low

Nigel Thomas
19 Apr, 2012
New York City

Stocks in Japan traded lower after a surge in yesterday

U.S. Movers: Bank of America, BB&T, DuPont, Morgan Stanley, Verizon

Mukesh Buch
19 Apr, 2012
New York City

Bank of America first quarter net declined 68% to $653 million. DuPont reaffirmed full year earnings outlook. Morgan Stanley first quarter net swung to $119 million loss. Verizon first quarter net soared 19% to $3.9 billion. Yum! Brands first quarter net surged 73% to $458 million.

Record Australian Property Taxes; News Corp Violates U.S. Ownership Rules

Marcus Jacob
19 Apr, 2012
New York City

Australian stocks advanced to an eight month high and a private report indicated property tax collection reached a record high of $33 billion last year. News Corp invites another unflattering attention to the company after it discovered it violated U.S. foreign ownership rules.

Jobless Claims Nearly Flat, Bank of America Net Plunges

Arthi Gupta
19 Apr, 2012
New York City

U.S. indexes fluctuated after jobless claims dropped 2,000 to 386,000. Investors focused on the Spanish and French debt sale. Bank of America net plunged 68%.

Spain, France Yield Rise in Auctions; Audi Acquires Ducati

Arthi Gupta
19 Apr, 2012
New York City

The European indexes climbed after Spain and French sold debt at higher yields. Audi agreed to acquire Italian sports motorcycle manufacturer Ducati. Actelion, Akzo Nobel, and TeliaSonera quarterly net dropped.

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