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Weak U.S. Retail Sales in November; Best Buy Plunges 12%

Nichole Harper
13 Dec, 2011
New York City

U.S. stocks traded sideways ahead of the Fed statement this afternoon and retail sales in November rose at the slowest month since June. Best Buy dropped 12% after the electronics retailer reported weaker sales and 29% fall in earnings.

European Bond Yields Rise; Greece to Exceed Deficit Targets

Devan Biswas
13 Dec, 2011
New York City

European markets traded sideways as several of fiscal compact agreement provisions went effective today. Yields on Italian, Spanish and Irish bonds closed higher. Greece deficit is expected to exceed its target as tax collection lags and economy faces recession for the fourth year in a row.

Nikkei in Tokyo Declined 1.2%; Honda Earnings Worries

Nigel Thomas
13 Dec, 2011
New York City

The benchmark index in Tokyo declined 1.2% after investors reassessed the EU summit fiscal compact failed to produce immediate steps to contain debt contagion. Honda declined on the worries that it may lower its annual earnings outlook. Olympus is set to file revised financial statements.

Australian Markets Edge Lower; 15% Rise in Commodities Exports

Marcus Jacob
13 Dec, 2011
New York City

Australian exports of commodities in the current fiscal year is estimated to increase 15% to $206 billion on 13% increase in iron ore and 14% rise in thermal coal exports. Stocks edged lower on the euro zone worries and a weakness in the international markets.

Second View on EU Summit Drags World Market Indexes

Bikram Pandey
12 Dec, 2011
New York City

U.S. indexes turned lower and dropped by 2% in the late afternoon after investors had second thoughts about the last week summit of European leaders. Chipmakers were on the decline after Intel lowered fourth quarter revenue outlook.

Wall Street Falls 2%, Intel Lowers Sales Outlook

Nichole Harper
12 Dec, 2011
New York City

U.S. indexes dropped nearly 2% after investors focused on the details of the fiscal compact that was agreed last week at the summit of the European Union nations. Market decline was accelerated after a rating agency said it will review sovereign debt ratings of EU nations.

European Markets Fall 2%, ING Offered to Repurchase Debts

Devan Biswas
12 Dec, 2011
New York City

European markets scaled back after investors focused on the immediate euro zone crisis. The decline in indexes was also accelerated after a ratings agency said it will review the ratings of the European Union nations. ThyssenKrupp agreed to sell its super yacht business.

Nikkei in Tokyo Jumps 1.4%; Toyota Cuts Profit Outlook

Nigel Thomas
12 Dec, 2011
New York City

Stocks in Japan rebounded after falling for the last two trading sessions. The Nikkei index gained on the rising resources and exports sensitive stocks. Olympus jumped 8% as the company confirmed its plan to file revised financials by Wednesday.

Rally in Resource Sector Lifts Australian Indexes

Marcus Jacob
12 Dec, 2011
New York City

Australian stocks gained following a rally in resource and banking sectors. The benchmark index added more than 1% after European leaders pledged to meet tighter fiscal and financial guidelines.

Wall Street Indexes Jump 1.6%; Commodities Advance

Bikram Pandey
09 Dec, 2011
New York City

U.S. stocks rebounded and indexes jumped more than 1.6% and energy and metals advanced. Consumer sentiment improved and rally broadened in the late afternoon on positive earnings and on the third deal of more than $1 billion in as many weeks. Asian markets are set to open higher.

U.S. Movers: Blue Coat, Cooper Co, Pall, Harry Winston

Nichole Harper
09 Dec, 2011
New York City

Banks rebounded on the hopes that the European Central Bank will expand its bond buying program. Blue Coat Systems soared 44% after agreed to go private for $1.3 billion. Cooper Companies jumped 18% after it offered positive outlook for the year.

U.S. Indexes Rebound, Blue Coat Systems in $1.3 Billion Deal

Nichole Harper
09 Dec, 2011
New York City

Market indexes in New York rebounded after an agreement among the euro zone leaders and a rise in consumer sentiment. The positive sentiment lifted stocks of banks and industrials and the dollar held firm. Pall Corp soared on earnings and Blue Coat Systems agreed to go private for $1.3 billion.

European Markets Surge on Euro Agreement, Bond Yields Rise

Devan Biswas
09 Dec, 2011
New York City

European markets closed higher in a cautious trading after European leaders said they agreed on tougher debt and fiscal measures to avoid the repeat of debt crisis. The agreement was welcomed by the European Central Bank but no concrete steps were announced. Daimler AG gained and K+S declined.

European Leaders Agree on Treaty Changes; UK, Sweden Hold Out

Arjun Dave
09 Dec, 2011
New York City

European leaders agreed to a fiscal pact that will limit government spending and budget deficits to targets that are set and monitored by a central authority in the region with the enforcement powers. UK opposed the treaty changes but the euro zone nations and six other members agreed.

Nikkei in Tokyo Declined 1.5%; Quarterly Growth Lowered

Nigel Thomas
09 Dec, 2011
New York City

Markets in Tokyo and in Asia closed lower and trading volume surged on the settlements of derivatives contracts. The Cabinet Office lowered the fiscal second quarter annualized economic growth to 5.6% from 6%. Exporters fell on the ongoing euro zone worries.

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