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European Indexes Trade Sideways; Nestle Sales Decline 9%

Arthi Gupta
15 Apr, 2011
New York City

The European indexes traded mixed after inflation rose more than estimated in March to 2.7%. Greece is likely to announce new austerity measures. Nestle first quarter sales declined 9% impacted by a stronger domestic currency.

Euro Area Inflation at 2.7%; Trade Deficit Narrows

Arthi Gupta
15 Apr, 2011
New York City

Euro area inflation rose to 2.7% in March and trade deficit narrowed to

Sensex in India Drops 1.6%; Infosys Plunges 10% on Weak Guidance

Devan Biswas
15 Apr, 2011
New York City

Stocks in Mumbai trading dropped after Infosys guided lower than expected growth in sales and revenues in the current quarter. The outsourcing company plunged as much as 10%. The latest read on wholesale inflation showed a decline to 11.40%.

China's Economy Expands 9.7%, March Inflation Accelerates to 5.4%

Devan Biswas
15 Apr, 2011
New York City

China reported faster than expected economic expansion in the first quarter and inflation gained in March to 5.4%, a month after Lunar Year holiday. Steelmakers and banks closed higher but Angang Steel plunged 5% after it estimated earnings fall of 95% in the first quarter.

Weekly Decline of 1.8% in Nikkei in Tokyo Trading

Nigel Thomas
15 Apr, 2011
New York City

Stocks in Japan declined on the worries that China may tighten lending conditions and weak U.S. employment data and rising worries of sovereign debt stress in Europe. Minister of economy clarified that the government expects Tepco to pay for the costs related to nuclear power plant.

Australian Stocks Ease on Faster China Expansion, Inflation

Marcus Jacob
15 Apr, 2011
New York City

Australian stocks declined as commodities fell after China reported faster than expected economic expansion in the first quarter. March inflation increased at the fastest pace in nearly three years. Miners and energy stocks declined.

U.S. Stocks Rest, Zipcar Soars 75%; Lawmakers Pass Budget Cuts

Bikram Pandey
14 Apr, 2011
New York City

U.S. stocks traded sideways as the lawmakers pass the budget cuts agreed with the President Obama. Zipcar soared 75% on its first day of trading as investors support seven public offerings that are expected to raise $1.9 billion. Glencore prepares for a dual-listing that may raise $11 billion.

U.S. Movers: Buckeye Partners, Check Point, Fairchild, Hasbro, Supervalu

Mukesh Buch
14 Apr, 2011
New York City

Buckeye Partners priced public offering of 4.8 million. Check Point first quarter net income soared 25% to $122.1 million. Fairchild first quarter net income increased to $43.5 million. Hasbro first quarter net earnings declined to $17.2 million. Supervalu fourth quarter net income fell to $95 mn.

UK Confidence Improves; Reckitt Benckiser Plunges 7%

Arthi Gupta
14 Apr, 2011
New York City

The UK indexes slid on concerns of inflation. UK consumer confidence improved in March. The Irish economy is forecasted to grow in 2011. WH Smith surged after first-half pre-tax profit rose 3.2%.

U.S. Jobless Claims Rise 27,000; Foreclosure Filings Decline

Arthi Gupta
14 Apr, 2011
New York City

The U.S. indexes traded lower after weekly jobless claims rose 27,000 to 412,000. U.S. producer prices climbed less than anticipated and foreclosure filings dropped in March and the first quarter. Hasbro quarterly net dropped.

European Indexes Drop 1%; Glencore IPO, Danone Sales Rise 19%

Arthi Gupta
14 Apr, 2011
New York City

The European indexes declined on rising commodity prices. Glencore is expected to raise as much as $11 billion in a dual listing in London and Hong Kong. Danone quarterly sales rose 19% and Roche reported group net sales declined 9%.

Hong Kong Property Prices Reach 1997 Peak; China Inflation Worries

Devan Biswas
14 Apr, 2011
New York City

Stocks in Hong Kong and Shanghai rested ahead of inflation data tomorrow. A surge in inflation in March is expected to surpass 5% increase, ahead of government target. Hong Kong residential prices cross the previous peak in 1997 on low interest rates.

Foreign Investors Add Japan Stocks; Production to Fall Between 5% and 15%

Nigel Thomas
14 Apr, 2011
New York City

Stocks in Tokyo eased as investors face a daunting task of assessing the production losses across several industries. 123jump.com survey conducted in last two weeks suggested production loss of as much as 15%. Foreigners added $4.6 billion of net new stocks in the first week of current fiscal year.

Record Jobless Rate in Greece; Swiss Sentiment Improves

Darlington Musarurwa
14 Apr, 2011
New York City

Hungarian industrial production accelerated in February and retail sales in the Netherlands surged. Norwegian home prices increased 5.1% in the first quarter. Greece jobless rate rose to record 15.1% in January. Swiss economic sentiment improved in April.

Australian Miners Raise $250 Million; NRW Earnings to Lag Estimates

Marcus Jacob
14 Apr, 2011
New York City

Australian stocks declined ahead of G-20 finance meeting and China economic data. Several mining companies announced or completed fund raising totaling $250 million. NRW Holdings estimated 2011 sales to increased 15% but earnings will be at the lower end of the estimates.

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