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U.S. Durable Goods Orders Up 1.9%; Q1 GDP Revised Higher

Arthi Gupta
24 Jun, 2011
New York City

U.S. indexes edged higher after first quarter GDP estimate was revised higher and durable goods orders rose more than estimated in May. Williams proposed to acquire Southern Union for $8.7 billion. Oracle net rose 36% on strong sales.

German Sentiment Improves; Hungarian Retail Sales Drop 1.3%

Arthi Gupta
24 Jun, 2011
New York City

Euro-zone leading index fell in May. German business sentiment improved and French consumer confidence remained flat in June. Hungarian retail sales dropped in April. Spanish producer price inflation eased in May.

Greece, EU Agree on Austerity; Rolls-Royce, Daimler Secure 94% of Tognum

Arthi Gupta
24 Jun, 2011
New York City

The European indexes gained after European Union leaders agreed to extend more financial aid to Greece. NYSE Euronext and Deutsche Boerse settled shareholder lawsuits by paying dividends of $910 million. Rolls-Royce and Daimler secured 94% of Tognum shares.

Nikkei in Tokyo Advances to 3-week High; Retailers Fall

Nigel Thomas
24 Jun, 2011
New York City

The benchmark index Nikkei registered 3.5% gain in the week, the largest weekly gain in the year. Stocks advanced to a 3-week high after Greece worries eased and oil fell. Retailers declined after Economy Minister Yosano strongly advocated the increase of consumption tax.

Australian Stocks Struggle; BHP Alumina Project Cost Up $3 Billion

Mukesh Buch
24 Jun, 2011
New York City

Australian stocks struggled after crude oil plunged more than 4%. The commodities markets also trended lower. BHP said it will invest nearly $500 million in its potash mining operation in Canada and its alumina refinery operation in Western Australia will cost significantly more.

U.S. Stocks Pare Losses, Global Oil Reserves Tapped

Bikram Pandey
23 Jun, 2011
New York City

U.S. stocks turn negative and crude oil plunges nearly 5%. Weak jobs market report and new home sales dragged broader indexes in the U.S. and European markets fell as bond yields on peripheral nations rose near record high.

U.S. Movers: Bed Bath, ConAgra, Discover Financial, Lennar, Red Hat

Mukesh Buch
23 Jun, 2011
New York City

Bed Bath first quarter net profit climbed 31%. ConAgra fourth quarter net income surged 184%. Discover Financial second quarter net soared to $593 million. Lennar second quarter net earnings slumped 65%. Nissan estimates fiscal year net income of 270 billion yen.

FTSE Slumps 1.4%; Aviva Sells RAC for

Arthi Gupta
23 Jun, 2011
New York City

The UK indexes slumped after comments from the U.S. Federal Reserve Chairman Ben Bernanke. UK high street sales growth was flat in June and mortgage approvals increased in May. Irish deficit narrowed and economy expanded in the first quarter.

U.S. Weekly Jobless Claims Rise; Indexes Lower on Fed Views

Arthi Gupta
23 Jun, 2011
New York City

U.S. indexes slid after weekly jobless claims rose more than estimated to 429,000. Maple Group raised bid offer for TMX Group to C$3.8 billion. Aviva agreed to sell RAC to Carlyle Group for $1.60 billion. Airbus won orders worth $72 billion in Paris Air Show.

Nikkei in Tokyo Eases; Isuzu, Nissan, Suzuki Advance

Nigel Thomas
23 Jun, 2011
New York City

The benchmark index in Japan declined on weaker than expected economic growth in the U.S. Nissan, Isuzu and Suzuki gained on higher than expected earnings outlook. Domestic production is expected to revive earlier than expected as supply chain worries ease.

Euro Private Sector Growth Slows to 20-Month Low, Swiss Surplus Soars

Arthi Gupta
23 Jun, 2011
New York City

Euro-zone consumer confidence fell in June and private sector growth fell to a 20-month low. French factory sector growth slowed in June. Swiss trade surplus surged and Dutch jobless rate rose in May. Italian consumer sentiment declined.

Greece Approves Austerity Plan; European Markets Down

Arthi Gupta
23 Jun, 2011
New York City

The European indexes slumped after the Federal Reserve lowered its growth forecast for the U.S. economy. European leaders meet in Brussels today to discuss the bailout plan for Greece. Euro-zone private sector expanded at the slowest pace since October 2009.

$11 Billion Payment to Telstra Removes Hurdle for NBN's Fiber Network

Arjun Dave
23 Jun, 2011
New York City

National Broadband Network agreed with Telstra to transfer its fixed-line business for $11 billion. The wholesale network operator also agreed with Optus to transfer its cable business for $800 million. The historic agreements paved the way for the rollout of fiber optic network across Australia.

Australian Stocks Turn Lower; Murchison, Gindalbie Drop

Marcus Jacob
23 Jun, 2011
New York City

Australian stocks closed lower after rallying for five days in a row. Telstra and National Broadband Network agreed to a historic agreement that will see the roll out of fiber optic network. NBN will pay $11 billion for the transfer of fixed line business.

Fed Lowers Economic Views; U.S. Indexes Sell-off

Bikram Pandey
22 Jun, 2011
New York City

U.S. Federal Reserve maintained its record stimulus program and left its rate target near zero. Fed also lowered its current year growth outlook to as low as 2.7%, lifted core inflation views to 1.5% and unemployment to fall no lower than 8.6%.

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