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Market Update

ECB Holds Rates; Greek Jobless Rate at 18.2%

Arthi Gupta
12 Jan, 2012
New York City

The European Central Bank left its interest rates unchanged and OECD leading index eased and euro area output declined in November. German inflation eased in December and Greek jobless rate rose more than anticipated in October.

Yields Tumble in Debt Auctions of Spain and Italy

Arthi Gupta
12 Jan, 2012
New York City

European markets edged higher after Spain raised double the target from the sale of its long term debt and Italy sold

Wall Street Views on Banks Lift Sentiment; Bond Offerings Heat Up

Bikram Pandey
11 Jan, 2012
New York City

U.S. stocks advanced after the release of the regional economic review and earnings optimism. Banks and resources sectors led the gainers. U.S. sold $21 billion of 10-year notes at 1.9%. In Europe, Spain and Italy are set to sell

Australian Indexes Gain 0.8%; Norsk Hydro Cuts Production

Marcus Jacob
11 Jan, 2012
New York City

Australian indexes closed higher on the optimism tracking the gains in the international markets and hopes of further monetary easing in China. High dollar forced more resource companies to halt materials processing and cut employment.

U.S. Movers: BorgWarner, Lennar Corp., Supervalu, Synnex, Tiffany

Mukesh Buch
11 Jan, 2012
New York City

BorgWarner expects 2012 earnings growth of 23% to 27%. Lennar Corp. fourth quarter net fell to $30.3 million. Supervalu third quarter net loss widened to $750 million. Tiffany net sales rose 7% to $952 million in the holiday period.

German Auction Drags European Indexes; Italian Yields Fall

Arthi Gupta
11 Jan, 2012
New York City

European markets edged lower after Germany sold

UK Trade Deficit Widens, Shop Price Inflation Eases

Arthi Gupta
11 Jan, 2012
New York City

The UK indexes declined on the mounting worries in the euro zone. The UK trade deficit widened in November and shop price inflation eased to 16-month low in December. BP and U.S.-based Sempra Energy planned $1 billion investment to develop wind farms.

U.S. Indexes Lower; Lennar Net Drops 5%

Arthi Gupta
11 Jan, 2012
New York City

The U.S. indexes declined ahead of the regional economic report from the Fed and Germany sold

German Economy Stalls; Spanish Output Deteriorates

Arthi Gupta
11 Jan, 2012
New York City

German economic growth stalled and Spanish output deteriorated for the third month in a row in November. The Italian budget deficit narrowed in the third quarter and Portuguese inflation eased in December.

Earnings Optimism Drives Global Indexes to 5-month Highs

Bikram Pandey
10 Jan, 2012
New York City

U.S. stocks traded higher and indexes hovered near 5-month high as earnings optimism lifted broader indexes. Banks in Europe were in focus as several banks prepare to raise capital to meet revised capital guidelines. Tiffany dropped more than 10% after it lowered annual outlook.

U.S. Movers: Alcoa, DSW, Jones Group, Juniper Networks, WD-40

Mukesh Buch
10 Jan, 2012
New York City

Alcoa fourth quarter net swung to $191 million. Corus Entertainment first quarter net rose to $52.7 million. DSW raised its annual diluted earnings per share outlook and Jones Group cut its fourth quarter revenue outlook. WD-40 first quarter net declined 25%.

UK Home Prices Fall, Retail Sales Improve; Cairn Energy Up

Arthi Gupta
10 Jan, 2012
New York City

The UK indexes traded higher after banking and mining stocks rose and retail sales improved but home prices continued to fall in December. Irish manufacturing output declined in November.

U.S. Indexes Rebound; Alcoa Swings to Loss

Arthi Gupta
10 Jan, 2012
New York City

The U.S. indexes gained on the earnings optimism and Alcoa kicked off earnings season with a loss. Banks were in focus ahead of earnings next week. Chinese trade surplus increased to $16.5 billion in December.

Nikkei in Tokyo Gains 0.4%; Olympus, Tepco Rise

Nigel Thomas
10 Jan, 2012
New York City

Stocks in Tokyo traded higher on the first day of trading after a 3-day weekend. Resources linked stocks traded higher but banks and insurance stocks faced headwinds. The yen rose to a 11-year high against the euro.

German Manufacturing Slows; French Sentiment Improves

Arthi Gupta
10 Jan, 2012
New York City

Manufacturing turnover in Germany eased, French industrial production rose, but retail sales in Denmark decreased in November. Swedish December budget deficit was lower than estimated by the debt office.