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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.

U.S. Indexes Fluctuate; Energy Transfer Acquires Southern Union for $8.9 B

Arthi Gupta
05 Jul, 2011
New York City

U.S. indexes fluctuated after the release of the factory goods orders report. Energy Transfer agreed to acquire Southern Union for $8.9 billion. Immucor to be acquired by TPG Capital for $1.97 billion. Western Union agreed to buy Travelex Global Business Payments for

OECD Inflation at 3.2%; Sweden Lifts Rate to 2%

Arthi Gupta
05 Jul, 2011
New York City

OECD inflation surged in May on high food and energy prices. Private sector activity growth in the euro area slowed in June and retail sales declined 1.1% in May. Swedish central bank hiked key rate by 25 basis points.

Nikkei in 6-day Rally; Positive Regional Economic Survey

Nigel Thomas
05 Jul, 2011
New York City

Stocks in Japan closed higher for the sixth day in a row prompting worries that market rally may not be supported by fundamentals. The latest spurt was driven by the mildly optimistic regional economic survey released by the Bank of Japan.

European Indexes Mixed; TOTAL Raised Stake in Italian Oil Field

Arthi Gupta
05 Jul, 2011
New York City

The European indexes traded sideways as investors focus on the next bailout conditions for Greece. U.S. based OM Group agreed to purchase Vacuumschmelze for

Australian Rate on Hold; Export Surplus Increase to A$2.3 Billion

Marcus Jacob
05 Jul, 2011
New York City

Australian stocks traded lower after the Reserve Bank of Australia left its key lending rate at 4.75% and offered a benign view on inflation. The rate decision was widely anticipated but the outlook on inflation prompted a slower economic expansion outlook for the rest of the year.

UK Indexes Higher; Construction Activity Drops

Arthi Gupta
04 Jul, 2011
New York City

The UK indexes gained after financial services sector growth eased in the second quarter. The UK construction activity fell in June and individuals injected

Euro Area Confidence Rises; Spanish Unemployment Falls

Arthi Gupta
04 Jul, 2011
New York City

Euro area producer price inflation eased in May and investor confidence rose in July. Spanish unemployment fell and consumer confidence improved in June. Swiss retail sales slumped in May.

Europe Approves Aid to Greece; Bayer Settles Biotech Rice Litigation

Arthi Gupta
04 Jul, 2011
New York City

The European indexes traded higher after the European lenders approved the next tranche of aid to Greece. Bayer agreed to pay $750 million to settle biotech rice litigation. ASSA ABLOY sold Lorentzen & Wettre to ABB for SEK 750 million.

Nikkei in Tokyo Rises 1%; Bridgestone, Banks, Realty Developers Up

Nigel Thomas
04 Jul, 2011
New York City

Stocks in Tokyo advanced following a surge in U.S. indexes and a rise in manufacturing index. The Nikkei index gained 1% and traded above 10,000 for the first time since May 2 on a strong rise in real estate developers and financials. Bridgestone increased commercial vehicles tires prices by 10%.

Australian Retail Sales, Building Approvals Fall; Stocks Struggle

Marcus Jacob
04 Jul, 2011
New York City

The Australian benchmark index struggled to close higher after retail sales and building approvals fell. Retail sales fell 0.6% in May as shoppers take advantage of stronger dollar and look for bargains overseas on the Internet.

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