Login
Breaking News
Nvidia   Target Corp.   Dolby Laboratories   Onsemi   Home Depot   Walt Disney   StubHub   Applied Materials   Sweetgreen  

Market Update

Euro Area Industrial Production Grows; Iceland Holds Key Rate

Arthi Gupta
15 Jun, 2011
New York City

Euro-zone industrial production rose unexpectedly in April. OECD unemployment rate declined in April. The factory employment in Germany increased 2.7% annually. French consumer price annual inflation eased to 2% in May.

U.S. Indexes Up 1.3%; Global Markets Advance on China Data

Bikram Pandey
14 Jun, 2011
New York City

World markets gain after China reported strong industrial production and retail sales. U.S. retail sales declined for the first time in ten months on weak auto sales. Merger news dominated for the second day this week. ECB and Germany negotiate Greek bailout terms.

U.S. Movers: Agilysys, Best Buy, Casey's General, Honda

Mukesh Buch
14 Jun, 2011
New York City

Agilysys fourth quarter net loss widened. Best Buy first quarter net earnings fell to $136 million. Casey''s General fourth quarter net profit increased 4.1%. Honda Motor expects fiscal year 2012 net income of 195 billion yen.

UK Inflation Flat at 4.5%; Home Prices Decline 0.3%

Arthi Gupta
14 Jun, 2011
New York City

The UK indexes rose after annual inflation remained unchanged at 4.5% in May. The UK home prices declined in April and leading index improved in April. Avis Budget Group agreed to acquire Avis Europe for

U.S. Stocks Rise on Retail Sales Data

Arthi Gupta
14 Jun, 2011
New York City

U.S. indexes gained after producer prices rose 0.2% and retail sales dropped 0.2% in May. Graham Packaging confirmed unsolicited acquisition proposal. Avis Budget Group agreed to acquire Avis Europe for $1.0 billion. Ericsson agreed to buy Telcordia for $1.15 billion.

Sensex in India Rebounds After 4-day Losses; Idea Cellular Net Up 13%

Devan Biswas
14 Jun, 2011
New York City

Stocks in Mumbai traded after four days of losses. The latest wholesale inflation data showed elevated inflation prompting worries of another rate hike. Ideal Cellular increased after fourth quarter net increased 13% and added net 10 million new subscribers.

European Indexes Rise; ECB, Germany Negotiate on Greece

Arthi Gupta
14 Jun, 2011
New York City

The European indexes advanced tracking gains in Asia and better-than-estimated industrial output from China. European finance ministers are set to meet today to discuss the next bailout package for Greece. Spain successfully auctioned

Nikkei in Tokyo Gains 1.1%; Interest Rates on Hold

Nigel Thomas
14 Jun, 2011
New York City

The benchmark index in Tokyo increased 1.1% after Japanese government approved the scheme to compensate nuclear disaster victims and Bank of Japan unveiled a $6 billion loan program for the earthquake affected region. Separately the central bank also left the rates and asset buying program on hold.

French Deficit Widens; Switzerland Growth Outlook Unchanged

Arthi Gupta
14 Jun, 2011
New York City

The OECD leading indicator remained unchanged in April. French current account deficit widened in April and Spanish inflation eased in May. Romanian jobless rate increased to 7.3% in 2010.

Australian Stocks Track Higher; QBE Net to Surge 60%

Marcus Jacob
14 Jun, 2011
New York City

Stocks in Australia closed higher after China reported strong economic data. QBE Insurance said first net profit is expected to increase as much as 60% on improved investment performance.

Mergers Drive U.S. Sentiment; Bond Yields of Spain, Portugal, Greece Rise

Bikram Pandey
13 Jun, 2011
New York City

U.S. stocks closed higher after losing for six weeks in a row and the S&P 500 index rebounded from the three-month low. European leaders haggled as Greek debt rating was cut to the lowest. Portuguese 10-year bond yield soar to a eleven year high. Oil gained and U.S. Treasuries declined a fraction.

U.S. Movers: Alliance One, Gerber Scientific, Transatlantic, VF Corp

Mukesh Buch
13 Jun, 2011
New York City

Alliance One swung to a quarterly net loss. Transatlantic signed merger agreement with Switzerland based Allied World Assurance Co. Holdings. V.F. Corp. signed merger agreement with Timberland Company for $2 billion. Wendy

UK Indexes Rise; Horizon Buys APR Energy for $855 Million

Arthi Gupta
13 Jun, 2011
New York City

The UK indexes edged higher. Horizon agreed to acquire Florida-based APR Energy for $855 million. The Bank of England Chief Economist Spencer Dale noted short and medium-term inflation expectations are more mixed than significantly de-anchored.

U.S. Indexes Gain; VF Acquires Timberland for $2 Billion

Arthi Gupta
13 Jun, 2011
New York City

U.S. indexes gained after a string of merger news lifted sentiment. VF agreed to buy Timberland for $43 per share. Wendy''s/Arby''s agreed to sell Arby''s to Roark Capital for $430 million. Honeywell acquired EMS Technologies for $491 million.

European Indexes Higher; Transatlantic, Allied World Assurance Ink Deal

Arthi Gupta
13 Jun, 2011
New York City

The European indexes traded higher after Glencore planned $19.5 billion takeover of Kazakhstan miner ENRC. Prada Hong Kong IPO estimated to raise $2.61 billion. Transatlantic inked deal with Allied World Assurance.