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S&P 500, FTSE 100 Jump on Oil Bounce and Ahead of Fed Decision

Nichole Harper
15 Dec, 2015
New York City

Stocks rebounded on Wall Street and the S&P 500 and Tollbooth Strategy indexes jumped after crude oil rebounded from its near 4-year low. European markets surged more than 1.5% and the high yield bond market rout spread to Europe.

Valeant Surges; 3M, FactSet, Landauer, VeriFone Decline

Mukesh Buch
15 Dec, 2015
New York City

3M lowered annual earnings forecast. GE agreed to sell its Japan-based commercial lending business to Sumitomo Mitsui Finance for $5 billion. FactSet net rose 7%. VeriFone net soared. Valeant signed 20-year agreement with Walgreens.

European Markets Rebound, Sanofi and Boehringer in

Lucy Stoeva
15 Dec, 2015
New York City

Stock markets in Europe regained strength fueled by gains in oil prices and overshadowed the weakness in the bond market for the third day in a row. Metro jumped on a surge in net profit. UBM agreed to divest PR Newswire for $841 million.

Nikkei in Tokyo Erases 1.7% in Broad Sell-Off

Hiruki Nakamura
15 Dec, 2015
New York City

The Nikkei 225 extended its losses ahead of the U.S. Federal Reserve rate decision. J. Front Retailing said sales in November dropped 1.8%. Yahoo Japan agreed to acquire Ikyu Corp. for $830 million.

Australian Rates on Hold and ASX 200 index in 6-Day Slump

Marcus Jacob
15 Dec, 2015
New York City

ASX 200 declined for the sixth day in a row after Australia''s government said its budget deficit would deteriorate. The Reserve Bank of Australia kept its interest rates unchanged at 2%. Rio Tinto said it plans to invest $4.4 billion in Mongolian copper mine.

Sensex in India Rebounds as Emerging Markets Rally

Sarla Buch
15 Dec, 2015
New York City

Sensex in Mumbai rebounded for the second day in a row and participated in emerging markets rally. Crude oil extended losses in the year so far to 44% and consumer product makers led the gainers.

S&P 500 Extends 4-Day Losses, World Markets Struggle

Nichole Harper
14 Dec, 2015
New York City

S&P 500 index declined after the crude oil price dropped as much as 4% and neared 2011 low. European markets turned lower after positive start and struggled to hold the advance of the day. Asian markets also were cautious ahead of the Fed meeting.

Newell Offered $15 B for Jarden, Norfolk Rejects Revised CP Offer

Mukesh Buch
14 Dec, 2015
New York City

Newell Rubbermaid is in talk to acquire Jarden Corp for $15 billion. Orchestra Premaman agreed to buy 13% stake in Destination Maternity. Norfolk Southern rejected a revised offer from Canadian Pacific Railway.

European Markets Down with Oil Nearing 2011 Low

Lucy Stoeva
14 Dec, 2015
New York City

European markets turned lower after crude oil resumed its slide and neared 2011 prices in London and in New York. Industrial production in the euro zone was ahead of expectations. AstraZeneca is in preliminary talks to acquire cancer drug developer Acerta Pharma for

ASX 200 in Sydney Drops 2% on Commodities Gloom

Marcus Jacob
14 Dec, 2015
New York City

ASX 200 plummeted 2% on Monday on the deepening commodities plunge. Australian dollar declined below 72 U.S. cents. Austal secured a $63 million contract with National Australia Bank.

Japan Offers Bullet Train and Nuclear Power Assistance to India

Sarla Buch
14 Dec, 2015
New York City

The wholesale price index in November decreased 1.99% compared to the decline of 3.81% in October. Japan offered military, commercial and technology assistance to advance logistics and infrastructure development to India.

Nikkei Drops 1.8%, Elevated Tankan Business Confidence Index

Hiruki Nakamura
14 Dec, 2015
New York City

The Nikkei plunged on Monday and tested six-week low following the deepening correction in oil and commodities. Industrial production in October jumped 1.4%. Japan and India signed several agreements involving bullet train and nuclear power plants.

Rout in Oil Spreads to Global Markets

Nichole Harper
11 Dec, 2015
New York City

Stocks on Wall Street extended losses as oil and commodities reach new multi-year lows. Retail sales in November suggested sufficient momentum in the economy. S&P 500 index dropped 1.7% and extended weekly fall to 3.5%. European markets dropped more than 2% and dropped as much as 4.5% for the week.

Weekly Losses of 4% in European Markets, Multi-Year Lows in Commodities

Lucy Stoeva
11 Dec, 2015
New York City

Market indexes in Germany, France and UK dropped 2% or more and extended weekly losses between 3.7% and 4.4%. Market sentiment remained gloomy after oil, copper and iron ore dropped to multi-year new lows. Copper producer Aurubis tumbled 18% on a profit warning.

Adobe, NCI Building Jump; Argan, Nordson Drop

Mukesh Buch
11 Dec, 2015
New York City

Adobe Systems profit more doubled to $223 million on 22% jumps in revenues. Argan net slumped 13% and revenues declined 11%. Nordson net tumbled 31%. NCI Building Systems net surged 29%. UTi Worldwide net loss narrowed despite revenues plunged 18%.

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