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Market Update

Australian Jobs Ads Fall; Stocks Ease on Euro Zone Worries

Marcus Jacob
16 Jan, 2012
New York City

Stocks in Sydney declined on the rising worries in the euro zone and a growing speculation that Greece may default on its loans. Job advertisements in December declined 0.9% according to a private survey and the government is set to release monthly jobs data on Thursday.

Wall Street Retreats; France and Italy Debt Ratings Downgraded

Bikram Pandey
13 Jan, 2012
New York City

Stocks in New York retreated and the euro closed at a 16 month low on the renewed worries about the euro zone and weak earnings outlook from JP Morgan. Greece halted talks with lenders and France, Slovakia, Austria and Italy face a new round of rating downgrade.

U.S. Movers: Copano, JPMorgan, JDA Software, Linn Energy, Tractor Supply

Mukesh Buch
13 Jan, 2012
New York City

Copano announced public offering of 5 million shares and priced at $34.03. JPMorgan fourth quarter net slipped 23% to $3.73 billion and annual net increased 9%. JDA Software expected revenue for fourth quarter to $173 million. Tractor Supply fourth quarter net sales increased 20% to $1.24 billion.

UK Construction Climbs, Factory Gate Inflation Eases

Arthi Gupta
13 Jan, 2012
New York City

The UK indexes pared gains after early advances. Construction output rose but factory gate inflation eased in December. Invensys slumped 21% after weak fiscal year 2011 outlook.

U.S. Deficit Widens; JPMorgan Net Drops 23%

Arthi Gupta
13 Jan, 2012
New York City

The U.S. indexes fell after JPMorgan reported lower than expected earnings. The U.S. trade deficit widened in November and imports prices slid in December. Italy successfully sold

Nikkei in Tokyo at Year's High; Inpex, Dentsu in Focus

Nigel Thomas
13 Jan, 2012
New York City

Stocks in Japan gained today and added for the week on the positive momentum in the international markets. Exporters and auto makers gained after the yen edged lower. Inpex Corp finalized its investment in the $34 billion natural gas plant. Dentsu estimated 8.4% increase in December revenues.

Euro Area Surplus Rises; Spanish Inflation Drops

Arthi Gupta
13 Jan, 2012
New York City

Euro area trade surplus increased and Hungarian industrial production expanded an unrevised 3.5% but Spanish leading index fell in November. Swiss National Bank estimated income of Sfr13 billion for fiscal 2011. Inflation in Spain slowed in December.

Hungary, Greece Worries in the Euro Zone; Italian Yields Fall

Arthi Gupta
13 Jan, 2012
New York City

European markets gained after Italy sold

Weekly Rise of 2.1% in Australian Indexes

Marcus Jacob
13 Jan, 2012
New York City

Australian stocks advanced on the back of a rally in world markets. Miners, industrials and financials led the latest gains. For the week, the ASX 200 index increased 2.1%.

Wall Street Rally Advances; Sears, Infosys in Focus

Bikram Pandey
12 Jan, 2012
New York City

U.S. stocks extended gains for the fourth time in the last five days and oil prices declined 2%. Banks were in focus ahead of earnings from JP Morgan and Wells Fargo. European markets gained on strong bond offerings from Spain and Italy. Infosys tumbled 8% after it offered muted outlook.

Japanese Current Account Falls 86%; Nikkei Down 0.7%

Nigel Thomas
12 Jan, 2012
New York City

Stocks in Japan declined and current account surplus narrowed in Japan by 86% on weak exports and lower energy demands. The Nikkei declined 0.7% ahead of the European rate decision. The yen traded near 11-year high against the euro.

U.S. Movers: Chevron, Infosys, Shaw Communications, Williams-Sonoma

Mukesh Buch
12 Jan, 2012
New York City

Chevron expects fourth-quarter earnings significantly below earlier expectations. Infosys third quarter net soared 15.4% to $458 million. Shaw Communications first quarter net surged to $202 million. Williams-Sonoma said revenues increased 4.2% to $901 million in the holiday period.

UK Production Falls 0.6%; RBS to Slash 3,500 Jobs

Arthi Gupta
12 Jan, 2012
New York City

The UK indexes rose after successful bond auctions by Spain and Italy and the Bank of England left key rate and bond purchase program unchanged. The UK industrial output declined in November. RBS planned to cut 3,500 jobs over three years.

U.S. Weekly Jobless Claims, Retail Sales Rise

Arthi Gupta
12 Jan, 2012
New York City

The U.S. indexes fell after U.S. retail sales rose and foreclosure filings drop to 49-month low in December and weekly jobless claims climbed to 399,000. Regions Financial agreed to sell its brokerage unit to Raymond James for $1.2 billion.

Australian Stocks Halt 2-day Rally; QBE Plunges

Marcus Jacob
12 Jan, 2012
New York City

Australian stocks halted advances after rising two days. QBE Insurance plunged as much as 24% after the company warned 2011 net to drop between 40% and 50% on higher than expected losses linked to natural disasters.