ticker

Bank of England Holds Rate; WH Smith Slumps 4.6%

Arthi Gupta
07 Jul, 2011
New York City

The UK indexes rose after the Bank of England held its key rate unchanged at 0.5% and maintained bond purchase program at

U.S. Weekly Jobless Claims Fall; ECB Hikes Rates

Arthi Gupta
07 Jul, 2011
New York City

U.S. indexes futures traded higher after weekly jobless claims fell 14,000. U.S. private sector employment rose more than anticipated and non-manufacturing index declined in June. The European Central Bank lifted key rates to curb inflation.

Japan Halts 7-day Rally; Renewed Power Supply Worries

Nigel Thomas
07 Jul, 2011
New York City

Stocks in Japan halted a 7-day rally after fresh power supply worries. Trade ministry asked all nuclear power plants to undergo a stress test that may delay the resumption of many power plants and extend rolling power cuts this summer.

German Production Rises; French Trade Gap Widens

Arthi Gupta
07 Jul, 2011
New York City

German industrial production rose more than estimated and French trade gap widened in May. Czech trade surplus rose and Bulgarian retail sales increased in May. Swiss annual inflation climbed in June.

Strong Jobs Report Lifts Australian Dollar

Marcus Jacob
07 Jul, 2011
New York City

Australian stocks closed flat after the June employment reports showed stronger than expected job growth. Employers added 23,400 new jobs in June and unemployment hovered near 4.9%. Commodities and Australian dollar gained lifting resource linked stocks.

Contagion Fears Drive European Yields Higher; ThyssenKrupp Plunges 5%

Arthi Gupta
07 Jul, 2011
New York City

The European indexes gained after Germany''s industrial output climbed more than estimated in May. The French Finance Minister Francois Baroin hinted that the second bailout for Greece would be finalized by September. Rating agency lowered the government-guaranteed debt of four Portuguese banks.

World Markets Focus on Rising European Debt Stress

Bikram Pandey
06 Jul, 2011
New York City

U.S. indexes traded sideways ad service industry grew at a slower pace in May. European markets focused on the rising sovereign bonds spreads to German bunds. Portuguese bonds spread surged to a record high and yields on Spanish, Italian and Irish bonds advanced. Chinese banks worries resurfaced.

U.S. Mortgage, Refinancing Activity Drops; Indexes Down

Arthi Gupta
06 Jul, 2011
New York City

U.S. indexes futures traded lower on global economic worries. U.S. mortgage and refinancing activity declined last week. China raised interest rates by 25 basis points to stem the fastest inflation since 2008. Compuware agreed to acquire dynaTrace software for $256 million.

UK Indexes Lower; Retail Inflation Rises 2.9%

Arthi Gupta
06 Jul, 2011
New York City

The UK indexes declined on worries of a contagion in the euro area. The UK retail inflation rose, private sector job growth eased, and home prices climbed in June. New car registrations in the UK decreased 6.2% annually in June.

Japan Stocks in 7-day Rally; Nintendo, Nippon Paper Up

Nigel Thomas
06 Jul, 2011
New York City

The benchmark index Nikkei increased 1.1% and extended gains for the sixth session and broader Topix index added for the seventh session in a row. The Nikkei has rebounded to a loss of 3.4% from the fall of 17% after the March 11 earthquake. Exporters and trading companies led the gainers.

Portuguese, Greek Bonds Yields Rise; German Factory Orders Up

Arthi Gupta
06 Jul, 2011
New York City

The European indexes traded lower after a rating agency downgraded Portuguese bonds to below investment grade. Portugal, second nation after Greece was lowered to junk rating as debt stress mount in the peripheral euro-zone. German factory orders increased, Spanish industrial production fell in May.

Australian Resource Stocks Mixed on Carbon Tax Debate

Marcus Jacob
06 Jul, 2011
New York City

Australian stocks closed higher ahead of the jobs report. Commodities and Australian dollar gained lifting resource linked stocks. Coal miners closed lower on the prospect of carbon tax implementation. Tiger Airways stopped selling tickets meeting regulatory demands.

U.S. Indexes Decline After Early Gains; Portugal Debt Lowered to Junk

Bikram Pandey
05 Jul, 2011
New York City

U.S. stocks closed nearly unchanged as gold and oil rebounded 2%. More than $12 billion worth of deals were announced. Peripheral nations in the euro-zone dominated the market sentiment. Portugal debt rating was lowered to junk status by a rating agency.

U.S. Movers: Energy Transfer, Immucor, NetScout, Torchmark

Mukesh Buch
05 Jul, 2011
New York City

Energy Transfer Equity agreed to acquire Southern Union for $8.9 billion. Immucor agreed to private for $1.97 billion. Johnson Controls completed acquisition of EnergyConnect Group, Inc. Torchmark declared 3-for-2 stock splits.

UK Service Sector Improves; Persimmons, Tullow in Focus

Arthi Gupta
05 Jul, 2011
New York City

The UK indexes edged higher after service sector activity improved marginally and Irish service sector grew in June. Tullow surged 3.1% after estimating revenue of about $1.05 billion for the first-half.

Market Update