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Market Update

Tokyo Indexes Rise on Revised Outlook from Honda, Orix, Toto and Esai

Devan Biswas
01 Feb, 2011
New York City

Stocks in Japan rallied after Honda, Orix, Toto and Sumitomo Heavy lifted earnings outlook. The benchmark index Nikkei 225 Stock Average edged up 0.4% but closed near the low for the month.

UK Home Prices Slide; BSkyB Profit Soars, AstraZeneca Net Rises

Arthi Gupta
27 Jan, 2011
New York City

The UK indexes edged higher after home prices fell for the seventh straight month and retail sales growth slowed in January. Ireland retail sales dropped in December. WPP acquired majority stake in Ogilvy South Africa. BSkyB profit soared and AstraZeneca net rose.

U.S. Movers: Altera, Juniper, Legg Mason, Yahoo

Mukesh Buch
26 Jan, 2011
New York City

Abbott fourth quarter net sales increased 13.4% to $9.97 billion. General Dynamics fourth quarter revenue rose 8.9% to $8.6 billion. The Boeing fourth quarter revenue rose 8% to $16.55 billion. Valero fourth quarter revenue rose to $22.16 billion. Yahoo fourth quarter revenue fell 12% to $1.53 bn.

European Indexes Advance; Nokia, Novartis Profit Decline

Arthi Gupta
27 Jan, 2011
New York City

The European indexes climbed after euro-zone economic sentiment index fell and German inflation rose in January. French unemployment rose in December and consumer confidence dipped in January. Spanish retail sales declined in December. Nokia net falls.

U.S. Indexes Higher; AT&T, Colgate-Palmolive, P&G Net Drops

Arthi Gupta
27 Jan, 2011
New York City

The U.S. indexes gained after the Fed maintained bond purchase plan and left key rates near zero. ProLogis confirmed merger discussions with AMB. PepsiCo got Russian regulatory approval for Wimm-Bill-Dann acquisition. Procter & Gamble net declines.

UK Indexes Climb; Home Purchase Loan Approvals Fall

Arthi Gupta
26 Jan, 2011
New York City

The UK indexes rose after the Bank of England policy makers split on rates. The UK home purchase loan approvals declined in December. Irish trade surplus increased in November. WPP increased stake in Mindshare South Africa.

European Indexes Higher; German Import Price Inflation Rises

Arthi Gupta
26 Jan, 2011
New York City

The European indexes gained after successful first bond issue by the European Financial Stability Facility. German import price inflation rose in December. Sweden trade surplus increased in December. Italian retail sales declined in November. Norges Bank held key rate.

U.S. Mortgage Activity Drops; Yahoo! Net Surges, WellPoint Net Plunges

Arthi Gupta
26 Jan, 2011
New York City

U.S. indexes traded higher tracking gains in Europe and Asia. U.S. mortgage applications slid after refinancing activity slumped. Concur completed acquisition of TripIt. Yahoo! quarterly profit doubled but WellPoint net plunged.

Australian Rates on Hold; Cyclone Forces Queensland Mine Closures

Bikram Pandey
01 Feb, 2011
New York City

Australian stocks closed mixed and the Reserve Bank of Australia left its rate on hold at 4.75%. RBA also noted that underlying inflation is expected to remain within its target range of 2% to 3% in the year. Cyclone Yasi is forcing another round of mine closure and coal shipment suspension.

China Inflation Worries as Manufacturing Indexes Advance

Bikram Pandey
01 Feb, 2011
New York City

Market indexes in China closed lower ahead of a week of Chinese Lunar Year holiday. The latest read on manufacturing indicated slower growth expansion but input prices surged at a faster pace sparking fears of inflation. Resource linked stocks surged as copper and crude oil rallied to a 2-year high.

U.S. Movers: American Express, Coach, BlackRock, Corning, Harley-Davidson

Mukesh Buch
25 Jan, 2011
New York City

3M fourth quarter sales increased 9.6% to $6.7 billion. Baker Hughes fourth quarter revenue surged 82% to $4.42 billion. Johnson & Johnson fourth quarter net sales decreased 5.5% to $15.6 billion. Verizon fourth quarter revenue fell 2.6% to $26.4 billion.

UK GDP Contracts; Public Sector Borrowing Increases

Arthi Gupta
25 Jan, 2011
New York City

The UK indexes declined after economy contracted unexpectedly in the fourth quarter due to cold weather conditions. The UK public sector borrowing increased in December. Irish producer prices increased in December. Rotala agreed to acquire Preston Bus for

German Consumer Sentiment Improves; Ericsson Net Surges

Arthi Gupta
25 Jan, 2011
New York City

The European indexes fell after German consumer sentiment improved unexpectedly in January. French consumer spending climbed more-than-anticipated and Spain factory price inflation soared in December. Ericsson and Siemens net rose.

U.S. Indexes Lower; Amex, BlackRock, CSX Net Surge

Arthi Gupta
25 Jan, 2011
New York City

U.S. indexes traded lower on mixed earnings. The ILO forecasted global unemployment rate of 6.1% and the IMF estimated world economic growth at 4.4% in 2011. Amgen acquired BioVex in $1 billion deal.

China Region Indexes Lower on Weak Resource Sector

Chandrasekhar Atreya
25 Jan, 2011
New York City

Shanghai and Hong Kong stocks edge lower for the second day in a row ahead of the Lunar New Year day. Shanghai City