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Italian Production Improves; Turkey Deficit Narrows

Arthi Gupta
13 Jun, 2011
New York City

Finland wages and salaries rose in April. Italian industrial production improved in April. Turkey''s current account deficit narrowed, industrial new orders, and turnover increased in April. Croatian retail sales increased in April.

Sensex Erases 0.6% Loss; Reliance Buys Bharti Stake of Insurance Venture

Devan Biswas
13 Jun, 2011
New York City

The benchmark index in Mumbai dropped as much as 0.7% on the weakness in international markets. Stocks recovered to erase all the losses at close. Reliance Industries agreed to acquire majority stake in insurance venture controlled by Bharti Enterprises.

Weak Machinery Orders Drive Japan Stocks Lower, Kansai Electric Falls

Marcus Jacob
13 Jun, 2011
New York City

Stocks in Japan declined after core machinery orders declined in April surprising many investors and analysts. Utilities are expected to follow Kansai Electric announcement to cut power consumption by 15% in the summer months.

U.S. Stocks in 6 Weeks of Losses; For the Year Indexes Flat

Bikram Pandey
10 Jun, 2011
New York City

U.S. indexes closed sharply lower on the anxieties related to economic worries. The Dow and S&P 500 declined more than 1% and fell for the sixth week in a row and the Nasdaq dropped 1.5% and declined for the fifth in the last six weeks. Saudi Arabia said it is prepared to increase oil output.

U.S. Movers: Air Products, Brown-Forman, lululemon, RealD, Toyota

Mukesh Buch
10 Jun, 2011
New York City

Air Products targets total revenues of more than $15 billion in 2015. Brown-Forman fourth quarter net income surged 128% to $165.4 million. lululemon first quarter net income surged 70.3% to $33.37 million. Toyota estimates fiscal year 2012 net income to drop 31% to 280 billion yen.

UK Production Falls 1.5%; Output Price Inflation Falls to 5.3%

Arthi Gupta
10 Jun, 2011
New York City

The UK indexes declined after industrial production fell more than estimated and manufacturing output dropped in April. The UK output price inflation slowed to 5.3% annually in May. Irish manufacturing output improved in April.

U.S. Import Prices Rise 0.2%; Indexes Down

Arthi Gupta
10 Jun, 2011
New York City

The U.S. indexes traded lower after disappointing global economic data. U.S. import prices rose 0.2% in May. Avaya filed for IPO of $1 billion. Private equity firms KKR and TPG withdrew bid for Nokia Siemens. Qualcomm agreed to acquire the assets of Rapid Bridge.

Nikkei in 4-day Advance; Toyota Estimates 31% Fall in Net

Nigel Thomas
10 Jun, 2011
New York City

The benchmark index in Tokyo close higher for the fourth day in a row. Toyota estimated current fiscal year sales to declined 2% and unit sales to drop to 7.24 million and net profit to slump 31%.

Australian Stocks Up on China Imports Increase

Marcus Jacob
10 Jun, 2011
New York City

Australian indexes edged higher after the government released mining tax legislation. Market sentiment was buoyed after exports from China rose at a faster pace than anticipated. Origin Energy completed the sale of 500 million euros bonds.

European Indexes Lower; Samsonite IPO Raises $1.25 Billion

Arthi Gupta
10 Jun, 2011
New York City

The European indexes slid after Italy reported weak GDP growth and German inflation index declined. Samsonite raised $1.25 billion in Hong Kong IPO. Vivendi got the European Commission approval for acquiring Vodafone

German Inflation Falls to 2.3%; Italian GDP Growth Slows

Arthi Gupta
10 Jun, 2011
New York City

French manufacturing output improved in April but industrial production struggled. German wholesale price inflation eased for a second consecutive month in May. The GDP in Italy expanded at a slower pace of 1%. Swedish industrial output fell in April.

Higher Exports Drive U.S. Indexes Up After 6-day Decline

Bikram Pandey
09 Jun, 2011
New York City

U.S. indexes snapped six day losing streak and rebounded more than 0.6% after trade deficit narrowed 7%. The rise in exports supported market momentum. The central banks in Europe and UK left rates on hold. Commodities and oil closed higher.

U.S. Movers: Amerco, Greif, Pall, J. M. Smucker, Thor, Vail Resorts

Mukesh Buch
09 Jun, 2011
New York City

Greif second quarter net income increased to $51 million. Pall third quarter net earnings rose to $71 million. J. M. Smucker fourth quarter net income declined 21% to $94.9 million. Thor Industries third quarter net income rose 17% to $40 mn. Vail Resorts third quarter net income rose 6% to $76 mn.

UK Holds Rate at 0.5%; Home Retail Group Plunges 12.5%

Arthi Gupta
09 Jun, 2011
New York City

The UK indexes gained after the Bank of England left key rate and the size of quantitative easing for the 27th month in a row. The UK trade deficit narrowed in April. Irish consumer price inflation slackened in May. BMW planned additional investment of

U.S. Weekly Jobless Claims Rise; Trade Deficit Narrows

Arthi Gupta
09 Jun, 2011
New York City

U.S. indexes traded sideways after weekly jobless claims rose 1,000 to 427,000 and trade deficit unexpectedly narrowed in April. Exxon Mobil acquired natural gas assets for $1.69 billion.

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