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Australian Stocks Advance on Earnings Optimism

Marcus Jacob
10 Jan, 2012
New York City

Australian stocks advanced on the earnings optimism in the resource sector and residential buildings approvals increased 8.4% in November. Pacific Brands soared 14% after it received unsolicited takeover offer from the U.S. based leveraged buyout firm KKR.

European Indexes Jump 2.4%; UniCredit Offering Struggles

Arthi Gupta
10 Jan, 2012
New York City

European markets traded higher on the positive earnings outlook in the resource sector but UniCredit SpA struggled to raise capital. The Netherlands raised

Afternoon Rally Lifts Wall Street Indexes; Swiss Central Bank Chief Resigns

Bikram Pandey
09 Jan, 2012
New York City

U.S. stocks traded retained mild positive tone ahead of the start of the earnings season and European leaders staged yet another round of meetings to discuss debt crisis in the region. Swiss central bank resigned after a public outcry over his private currency trades.

U.S. Movers: Acuity Brands, Bristol-Myers, Mistras Group, Zep

Mukesh Buch
09 Jan, 2012
New York City

Acuity Brands first quarter net increased 23% to $29.9 million. Bristol-Myers Squibb acquired Inhibitex for $26 per share. Motorola Mobility estimates fourth quarter sales of $3.4 billion. Schnitzer Steel said first quarter net tumbled to $7 million.

UK Indexes Decline; JD Sports Soars 7%

Arthi Gupta
09 Jan, 2012
New York City

The UK indexes tracked lower on the weak market sentiment in Europe. Financial sector revenues grow at a record pace in since 2007. Royal Bank of Scotland planned to sell its global cash equities business.

Bristol-Myers to Acquire Inhibitex for $2.5 B, Stocks Sideways

Arthi Gupta
09 Jan, 2012
New York City

The U.S. indexes traded sideways. Bristol-Myers agreed to acquire Inhibitex for $2.5 billion. InfoSpace signed an agreement to acquire TaxACT for $287.5 million. After the close, Alcoa is expected to release fourth quarter earnings that are likely to be weaker.

Australian Retail Sales Flat; Home Sales Surge 6.8%

Marcus Jacob
09 Jan, 2012
New York City

Australian stocks and indexes closed flat after new home sales rose 6.8% in November and October sales increase was lowered to 2.8%. Retail sales in November were flat after rising for four months in a row. The dollar edged lower.

Euro Area Confidence Improves; French Deficit Narrows

Arthi Gupta
09 Jan, 2012
New York City

Euro area investor confidence improved in January after weakening for five months in a row. The French trade deficit narrowed and German industrial output dropped in November. Swiss jobless rate increased in December.

German 6-month Yield Turns Negative; BMW Sales Rise

Arthi Gupta
09 Jan, 2012
New York City

The European indexes traded lower after Germany sold

Weekly Gain of 1% in S&P 500 and 2.2% in Nasdaq

Bikram Pandey
06 Jan, 2012
New York City

U.S. stocks traded sideways and banks and home builders were in focus. For the week the S&P 500 index added 1% and the Nasdaq increased 2.2%. European markets generally closed higher in the week and bond yields rose ahead of Italian and Spanish debt auctions. Crude oil traded near $102 a barrel.

UK Home Prices, Auto Registration Decline; LSE Volume Falls

Arthi Gupta
06 Jan, 2012
New York City

The UK indexes gained but home prices and new car registration fell in December. The UK home prices declined 0.9% and new car registrations declined 4.4% in 2011. The LSE Group reported a fall in trading in December.

U.S. Adds 200K New Jobs, Unemployment Falls to 8.5%

Arthi Gupta
06 Jan, 2012
New York City

The U.S. indexes edged higher after the economy added 200,000 net new jobs and the unemployment rate declined to 8.5% in December. Japan-based Marubeni acquired 35% stake in Eagle Ford Shale. The euro faced more headwinds as Spanish and Italian bonds yields rise.

Nikkei in Tokyo Falls 1.2%; Japan Bridge Soars 19%

Nigel Thomas
06 Jan, 2012
New York City

Stocks in Tokyo trading declined as volume rebounded ahead of three-day weekend. The Nikkei declined 1.2% and the Topix index fell 0.9%. For the week, the Nikkei fell 0.9% and Topic gained a fraction. Panasonic plans to sell its stake in JVC Kenwood. Japan Bridge soared 19%.

Spain Estimates

Arthi Gupta
06 Jan, 2012
New York City

European indexes climbed the wall of worries after Spain estimated

Australian Markets Edge Lower; Suncorp Estimates Higher Loss

Marcus Jacob
06 Jan, 2012
New York City

Australian stocks edged lower after material prices declined on the rising worries in the euro zone after yields rose in the latest French debt auction. Suncorp declined after it reported higher than estimated natural disaster cost in the six month period to December.

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