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U.S. Private Employment Rises; CBO Projects $1.1 T Deficit

Arthi Gupta
01 Feb, 2012
New York City

The U.S. indexes gained after employment in the U.S. private sector grew in January The Congressional Budget Office projected a $1.1 trillion federal budget deficit for fiscal year 2012. Mattel completed acquisition of HIT Entertainment for $680 million.

Australian Home Prices Decline 4.8%; Fortescue in Focus

Marcus Jacob
01 Feb, 2012
New York City

Australian indexes eased after home prices fell December quarter. Wesfarmers traded down ahead of its quarterly results tomorrow. Fortescue Metals Group declined after a key investor cut its stake to 1%.

Euro Area Inflation at 2.7%; Manufacturing Activity Mixed

Arthi Gupta
01 Feb, 2012
New York City

Manufacturing activity in the euro area was mixed and French manufacturing activity declining further in January. Euro area annual inflation remained unchanged but German flash consumer price inflation rate fell in January. Norwegian jobless rate rose in November.

European Indexes Up; NYSE, Deutsche Boerse Merger Terminated

Arthi Gupta
01 Feb, 2012
New York City

European markets rose after Germany and Portugal completed bond auctions at lower yields. The European Commission blocked the proposed merger of NYSE Euronext with Deutsche Boerse. Dassault Aviation was named as a preferred bidder for fighter jets by India.

U.S. Indexes Hold; Consumer Confidence, Home Prices Decline

Bikram Pandey
31 Jan, 2012
New York City

U.S. stocks were in a holding pattern after consumer confidence index dipped in January and home prices declined for the third month in a row in November. European leaders agreed for a fiscal pact and paved the way for the euro zone nations to tighter integration. The yen traded at a 3-month high.

U.S. Movers: Danaher, Eli Lilly, Pfizer, Tyco, UPS, Valero

Mukesh Buch
31 Jan, 2012
New York City

Danaher fourth quarter net increased to $571 million. Eli Lilly fourth quarter net slumped 27% to $858 million and Pfizer fourth quarter net declined 50% to $1.44 billion. Tyco International first quarter net slumped to $333 million. United Parcel fourth quarter net slumped 29% to $725 million.

Nikkei Jumps 4.1% in January; Canon, Fujifilm, Toshiba in Focus

Nigel Thomas
31 Jan, 2012
New York City

Japanese market indexes closed flat and gained 4.1% in January. Honda reported worse than expected decline in earnings and Sumitomo Mitsui Financial reaffirmed annual net income outlook. Canon president resigned and Fujifilm lowered its annual view.

UK Confidence at 7-Month High; BSkyB Profit Rises

Arthi Gupta
31 Jan, 2012
New York City

The UK indexes gained after consumer confidence improved in January and loan approvals for home purchase climbed in December. Essar ordered to pay $1.235 billion of sales tax deferment benefit, plus interest accrued. BSkyB first-half revenue increased 6%.

EU Summit Sparks Optimism; Exxon Net Rises 2%

Arthi Gupta
31 Jan, 2012
New York City

The U.S. indexes gained on optimism of a resolution to the Greek debt-swap deal. McKesson agreed to acquire private label and drug franchise retail business of Canada based Katz Group for C$920 million. Exxon quarterly net rose 2%.

French Consumer Spending Falls; Euro Area Jobless Rate Above 10%

Arthi Gupta
31 Jan, 2012
New York City

Euro area jobless rate remain unchanged but stayed above 10% in December as Spanish jobless rate rose to 22.9% and Greek rate to 19.2%. German retail sales dropped and French consumer spending fell in December. Spanish inflation eased in January.

Autstralian Indexes Up 5% in January; Woolworths Sales Rise

Marcus Jacob
31 Jan, 2012
New York City

Australian stocks edged lower today but surged in the month on the optimism that the euro zone will succeed in containing its debt crisis. For the month, the benchmark index added 5.1%. Woolworths comparable sales in December increased 4.1% and decided to sell its electronics retailer Dick Smith.

EU Adopts Fiscal Compact; ThyssenKrupp, Outokumpu in

Arthi Gupta
31 Jan, 2012
New York City

European leaders agreed on the fiscal compact that will pave the way for the European Central Bank involvement. Czech Republic and UK dissented. ThyssenKrupp agreed to sell its Finnish unit for

Greek Crisis, EU Summit Sway Global and U.S. Markets

Bikram Pandey
30 Jan, 2012
New York City

Stocks in New York traded lower as European leaders gather in Brussels one more time to devise plans to contain debt crisis. Banks and resources in New York and Europe declined. Exxon sold its majority stake in a Japan based refinery. U.S. Treasury bonds yields fell near record low levels.

Nikkei in 3-day Losses; Nippon Glass, Mitsubishi Electric Drop

Nigel Thomas
30 Jan, 2012
New York City

Stocks in Tokyo edged lower and the yen strengthened ahead of the EU summit. Exxon agreed to sell its stake in the crude oil refinery TonenGeneral Sekiyu KK for nearly $3.9 billion. Advantest surged on profit forecast and Nippon Electric Glass declined on a sharp drop in earnings.

U.S. Movers: ABB, Gannett Co., Ingles Markets, Pep Boys, Wolverine

Mukesh Buch
30 Jan, 2012
New York City

ABB agreed to acquire Thomas & Betts Corp. for $3.9 billion. Thomas & Betts fourth quarter net increased to $56.8 million. Gannett Co., fourth quarter net slumped 33% to $116.9 million. Pep Boys acquired by private equity firm The Gores Group for $1 billion.

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