ticker

Smaller Increase in Australia

Chandrasekhar Atreya
01 Dec, 2010
New York City

Stocks in Australia stayed little changed after third quarter GDP expanded little. Rio Tinto plans a further investment of $1.2 billion in Pilbara to increase iron ore output. Australian employers face rising wage pressures and consumers worries expensive utilities.

UK Consumer Confidence Falls; Seagate Rebuffs Offer

Arthi Gupta
30 Nov, 2010
New York City

The UK indexes slid after consumer confidence fell to 4-month low in November. Irish private sector credit growth slackened in October. Seagate rejected buyout offer. BASF formed a venture with Ineos Industries on styrenics businesses.

Guess Q3 Earnings Call Transcript

123jump.com Staff
30 Nov, 2010
New York City

The international fashion house reported total net quarterly revenue rose 17.4% to $614 million. Net income in the quarter increased 7.8% to $69.1 million. Earnings rose to 75 cents per share, compared to 69 cents per share for the year-ago quarter.

U.S. Movers: Altera, Barnes & Noble, Shanda Interactive, Google, Thor

Mukesh Buch
30 Nov, 2010
New York City

Barnes & Noble comparable sales increased 59%, driven by digital initiatives but losses. Altera declined after the company guided lower than expected fourth quarter revenues. Google declined after EU opened investigation. Interactive Brokers Group rose after it declared a special dividend.

Euro Area Flat Inflation; ABB Bids $4.2 B for Baldor Electric

Arthi Gupta
30 Nov, 2010
New York City

European market indexes declined and yields on sovereign bonds of Portugal, Spain and Ireland rose. The euro dropped to a 2-month low and fell 8% from the peak a month ago. German unemployment fell in November. ABB agreed to acquire U.S.-based Baldor Electric for $4.2 billion.

Cyber Monday Sales Strong; EU Unemployment 12-Year High

Arthi Gupta
30 Nov, 2010
New York City

Stocks in New York traded sideways after Cyber Monday sales rose and European Union unemployment rose to a 12-year high. Switzerland-based ABB agreed to buy Baldor Electric for $4.2 billion. European Union opens an investigation relating to antitrust practices of Google.

World Markets Slide; Google to Pay $6 Billion for Groupon

Bikram Pandey
30 Nov, 2010
New York City

Stocks traded lower as investors focused on the rising sovereign debt yields in Europe. The dollar gained against the euro and gold closed higher. Google Inc is said to be nearing its largest deal to acquire online coupon marketer Groupon Inc for $6 billion.

India Movers: DB Realty, Dewan Housing, Geometric Ltd, REC and Suzlon

Mukesh Buch
30 Nov, 2010
New York City

Stock in Mumbai rose. Dewan Housing Finance is expected to acquire Deutsche Postbank Home Finance for $240 million. Ispat Industries gained 2.2% on a speculation that ArcelorMittal may acquire a stake in the trading company.

India's GDP Expands at 8.9%

Chandrasekhar Atreya
30 Nov, 2010
New York City

Stocks in Mumbai responded to faster than anticipated economic growth in the quarter to September. Finance Minister Mukherjee revised fiscal year economic growth outlook to 8.75%. India threatens to cancel telecom licenses of 85 companies that were either ineligible or are still not in operation.

Hong Kong, Shanghai Indexes Drop Ahead of Liquidity Measures

Chandrasekhar Atreya
30 Nov, 2010
New York City

Stocks in Shanghai and Hong Kong faced heavy selling pressure ahead of widely anticipated tighter liquidity measures next week. Bank lending is ahead of national target and policy makers are worried of rising inflation. Banks and property developers led the decliners.

Japan Tracks International Losses; Weak Regional Outlook

Chandrasekhar Atreya
30 Nov, 2010
New York City

Stocks in Tokyo fell sharply tracking the losses in the European markets and a rise in the dollar. Housing starts rose in October and unemployment rose for the first time in four months. Regional assessment led to the downgrade of 9 of the 11 regions.

Australia's Current Account Deficit Widens; Metcash Profit Warning

Chandrasekhar Atreya
30 Nov, 2010
New York City

Australian stocks closed lower tracking losses in resource stocks as the U.S. dollar advanced against all major currencies. Current account deficit widened in the third quarter to A$7.83 billion. Retailers closed lower after Metcash issued profit warning and net in the first half edged up 0.9%.

U.S. Stocks Rebounds From 1% Loss; European Markets Down 2%

Bikram Pandey
29 Nov, 2010
New York City

U.S. stocks rebounded from the loss of more than 1% on better than expected retail sales. Euro declined as investors fear widening debt contagion in Europe after Ireland bailout. Commodities closed higher and crude oil, copper and gold edged up.

UK Indexes Weak; Lower Growth Oulook

Marcus Jacob
29 Nov, 2010
New York City

UK indexes declined after investors worried that Ireland bailout may not prevent future bailouts in the euro-zone. UK Treasury watchdog lowered 2011 and 2012 economic growth outlooks.

U.S. Movers: Amazon, Blue Nile, Comverse, Hewlett Packard

Mukesh Buch
29 Nov, 2010
New York City

Retailers traded mixed after stronger than expected Thanksgiving holiday sales. Amazon.com, Abercrombie & Fitch and Blue Nile gained but Limited and Tiffany declined. Quiksilver estimated fourth quarter net revenues between $492 million and $497 million.

Market Update