ticker

Hang Seng Drops 1.3%, Shanghai Eases Ahead of Inflation, GDP Release

Devan Biswas
12 Apr, 2011
New York City

Stocks in Shanghai and Hong Kong declined on the worries that inflation may overshoot government target for the second month in a row. China is scheduled to release GDP and inflation data this week. Banks and real estate developers declined and steelmakers gained on earnings expectations.

Nikkei Drops 1.7%, Two Strong Quakes Hit Japan

Nigel Thomas
12 Apr, 2011
New York City

Stocks in Tokyo dropped for the second day after one earthquake hit Fukushima region and another powerful quake stuck in the ocean near Tokyo. The Nikkei dropped 1.7%. Crude oil eased. Tokyo Steel estimated higher annual net loss.

Australian Index Declines 1.5%, IMF Cuts Global Outlook

Marcus Jacob
12 Apr, 2011
New York City

Australian stocks and dollar turned lower after international worries overshadowed market sentiment. The IMF cut global economic output and trimmed the U.S. economic growth rate to 2.8% and Japan

World, U.S. Markets Decline; Crude Oil Falls

Bikram Pandey
11 Apr, 2011
New York City

U.S. stocks lost steam and crude oil declined from the 30-month high. Schneider Electric is exploring an offer for Tyco International. Endo agrees to acquire American Medical Systems for $2.9 billion. Crude oil falls after Libya accepts the African Union proposal.

U.S. Movers: Benchmark Electronics, Cliffs, Endo, Level 3, QuickLogic

Mukesh Buch
11 Apr, 2011
New York City

Benchmark Electronics lowered first quarter guidance sales to be of $540 million. Cliffs receive cash payment of as much as $270 million after price settlement with ArcelorMittal. Endo Pharmaceutical agreed to acquire American Medical Systems for $2.9 Billion in cash. Shaw Group net income fell 98%.

UK Indexes Rise; Irish Industrial Production, Construction Drops

Arthi Gupta
11 Apr, 2011
New York City

The UK indexes traded higher after banking stocks rose after the independent commission did not recommend breaking large banks. Irish industrial production and construction dropped. BHP Billiton completed its $10 billion stock buyback program.

U.S. Stocks Up; Endo to Buy American Medical Systems for $2.9 B

Arthi Gupta
11 Apr, 2011
New York City

U.S. indexes gained ahead of first quarter earnings season. U.S. government averted shut-down crisis as lawmakers agree on spending cuts. Endo agreed to acquire American Medical Systems for $2.9 billion. TimberWest Forest agreed to be purchased for C$1.03 billion.

French Industrial Output Eases; Dutch Trade Surplus Increases

Arthi Gupta
11 Apr, 2011
New York City

The OECD leading index rose in February. German corporate insolvencies dropped in January. French industrial output slackened in February and Dutch trade surplus rose in February. Romanian inflation accelerated to 8.01% in March.

European Indexes Lower; Hochtief Plunges 8.6%

Arthi Gupta
11 Apr, 2011
New York City

European indexes traded sideways led by automakers. Meyer Burger agreed to acquire Roth & Rau for

Fifth Daily Decline in Sensex; Shippers, Builders Decline

Devan Biswas
11 Apr, 2011
New York City

Mumbai stocks extended losses for the fifth day in a row as crude oil hovered near 30-month high and industrial production increased 3.6% in February. The less than expected growth in production also contributed to the weak trading sentiment.

Automakers Lead Nikkei Lower in Tokyo; Another 7.1 Quake in Japan

Nigel Thomas
11 Apr, 2011
New York City

Stocks in Japan declined on the ongoing auto production worries. Automakers plan to increase production in stages from today and Sony suspended operations at a plant that makes optical parts. Northeast Japan was hit with another 7.1 magnitude earthquake at local time 5:17 pm.

Leighton to Raise $757 Million, WA Urges Caution on Woodside Takeover

Marcus Jacob
11 Apr, 2011
New York City

Australian stocks closed higher and the dollar traded at 29-year peak. Western Australia premier urged energy executives to not mount a takeover of Woodside Petroleum. Leighton Holdings is set to raise $757 million in a rights offering.

Records in Gold, Silver and Oil; World Stocks Rest

Bikram Pandey
08 Apr, 2011
New York City

U.S. stocks wavered as lawmakers struggle to balance the budget and raise debt limit. Commodities were in focus after crude oil jumped to 3-year high and gold and silver reached a new 31-year high. Google agreed to conditions laid by the Justice Department for the purchase of ITA Software Inc.

UK Stocks Advance on Miners, Brent Crude at 30-month Peak

Marcus Jacob
08 Apr, 2011
New York City

UK stocks advanced following a steady rise in commodities Resource linked stocks led the gainers after gold and silver reached a new high in three decades and crude oil gained to 30-month record above $125. Producer price increased more than estimated in March.

U.S. Movers: AZZ, Blyth, Expedia, Hercules Offshore, PriceSmart, Seagate

Mukesh Buch
08 Apr, 2011
New York City

AZZ fourth quarter net income rose to $9.2 million. Blyth fourth quarter net earnings declined to $17.7 million. Expedia plan to separate into two publicly traded companies. PriceSmart second quarter net income increased to $17.9 million. Seagate declared quarterly cash dividend of $0.18 per share.

Market Update