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Retail Sales Rise 0.4%; Silgan Buys Graham Packaging, JP Morgan Net Soars

Arthi Gupta
13 Apr, 2011
New York City

U.S. indexes gained after retail sales rose and mortgage activity declined. Silgan agreed to buy Graham Packaging for $4.1 billion. JPMorgan net surged on a strong performance by its investment banking unit and a drop in losses in its credit card portfolio.

European Indexes Rebound; ASML Net Surges

Arthi Gupta
13 Apr, 2011
New York City

The European indexes rebounded after the biggest drop in four weeks as industrial production accelerated in February. Schneider denied $30 billion bid for Tyco. ASML net surges on strong sales.

Euro-zone Production Accelerates; Inflation in Germany, France Soar

Arthi Gupta
13 Apr, 2011
New York City

Euro-zone industrial output accelerated 7.3% in February. French annual inflation soared and German wholesale price inflation increased for the second consecutive month in March. Spain

Lower Crude Lifts Sensex in India by 2.4%; Infosys Earnings Awaited

Devan Biswas
13 Apr, 2011
New York City

Mumbai benchmark soared 2.4% and wiped out last four days of losses on the day after a holiday. The fall in crude oil prices contributed to the sentiment. Rupee edged higher. ONGC acquired a 25% stake in an oil block in Kazakhstan.

Japan Stocks Rebound in Weak Trading; Utilities Decline

Nigel Thomas
13 Apr, 2011
New York City

Stocks in Japan rebounded but on a weak volume. Electric utilities declined on the worries that the industry may be asked to contribute for the losses linked to the troubled Fukushima nuclear power plant. J. Front Retailing dropped 5% after the department store operator indicated weak outlook.

Rio Tinto Production Declines; African Petroleum Raises $250 Million

Marcus Jacob
13 Apr, 2011
New York City

Australian stocks rebounded after a selloff in the previous session. Rio Tinto said its production of iron ore, alumina and copper declined in the first quarter to March on inclement weather in Pilbara region. African Petroleum completed the $250 million offering.

World Markets Slide as Japan Raises Crisis Level to Chernobyl

Bikram Pandey
12 Apr, 2011
New York City

U.S. indexes decline after world outlook dimmed and commodities turned lower. Global markets were on the edge after Japan raised the risk level to the highest and markets in Japan, China and Europe slid. Crude oil fell 2% and gold declined 1%.

U.S. Movers: Alcoa, Chevron, Community Health, Fastenal, WMS

Mukesh Buch
12 Apr, 2011
New York City

Alcoa declined after it reported lower than expected sales. Chevron expects profit rise in first quarter. Community Health responds to Tenet lawsuit. Fastenal first quarter net earnings surged 42%. WMS Industries lowered third quarter revenue outlook.

UK Annual Inflation Eases; Allied Irish Banks Plunges 10%

Arthi Gupta
12 Apr, 2011
New York City

Stocks declined in London after Japan struggled with more earthquakes. The UK retail sales dropped, home prices rose more than estimated and trade deficit narrowed. Aviva lowered its stake in Delta Lloyd NV. Punch Tavern revenues declined 3.6% in the first half.

U.S. Trade Deficit Narrows, Import Prices Rise; Alcoa Swings to Profit

Arthi Gupta
12 Apr, 2011
New York City

U.S. indexes fell after Japanese authorities raised the nuclear disaster level at the Fukushima Daiichi nuclear plant to the highest level. The U.S. trade deficit narrowed to $45.8 billion and import prices soared on higher fuel prices. Alcoa swung to profit but sales were lower than expected.

European Indexes Slide; Fiat Raises Chrysler Stake, Glencore IPO

Arthi Gupta
12 Apr, 2011
New York City

European indexes declined after Japan raised the nuclear disaster level at the Fukushima nuclear plant to the highest level. Fiat increased its stake in Chrysler to 30%. German investor sentiment deteriorated more than estimated in April.

German Inflation at 2.1%, French Current Account Deficit Widens

Arthi Gupta
12 Apr, 2011
New York City

European online recruitment activity improved in March. German inflation confirmed at 2.1% in March and economic sentiment deteriorated in April. French current account deficit widened in February. Spanish annual inflation remained unchanged at 3.6% in March.

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

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