ticker

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%.

Weekly Loss of 2.5% in Australia, Woodside Approves $2.7 B Gas Project

Marcus Jacob
11 Dec, 2015
New York City

The Australian market extended losses and finished the week 2.5% lower as commodities reach multi-year lows. BC Iron suspended operations of Direct Shipping Ore mine. Woodside Petroleum approved natural gas development project with an estimated cost of $2.7 billion.

India Indexes at 13-Week Low, Sensex Down 8.9% YTD

Sarla Buch
11 Dec, 2015
New York City

Market indexes in India extended weekly losses and dropped to 13-week lows. Sensex is down 8.9% in the year so far and may register annual loss for the first time since 2011. MEP Infrastructure secured toll collection rights in Uttar Pradesh.

Nikkei Trims Weekly Loss to 1.4%, Abe Starts India Trip

Hiruki Nakamura
11 Dec, 2015
New York City

The Nikkei average trimmed weekly losses to 1.4%. Prime Minister Abe starts his visit to India after the approval of a $14.7 billion project for the construction of India''s first bullet train line.

U.S.Import Prices Fall, World Markets Lack Direction

Nichole Harper
10 Dec, 2015
New York City

Stocks struggled to advance on Wall Street after weekly jobless claims rose but remained below the threshold of 300,000. Import prices declined largely on the strength of the dollar and declined 9.4% from a year ago month in November.

Ciena, Methode Electronics, Men's Wearhouse Plunge

Mukesh Buch
10 Dec, 2015
New York City

Ciena plunged out revenues outlook missed expectations. Cantel Medical net soared 28%. Hooker Furniture profit surged 44%. Ingles Markets net dropped 8%. Methode Electronics net declined 19%. Men''''s Wearhouse plunged 25%.

European Markets at Two-Month Lows, U.K. Rates on Hold

Lucy Stoeva
10 Dec, 2015
New York City

European market indexes extended losses and hovered near two-month lows. Accor agreed to acquire three luxury hotel brands for $2.9 billion. Centrica jumped after reassuring operating profit outlook. Ocado fourth-quarter revenues soared 17% to

Australian Stocks Drop 0.8%, Jobless Rate Eases to 5.8%

Marcus Jacob
10 Dec, 2015
New York City

Australian market down following weak global markets and despite the positive jobs report. Unemployment rate fell to 5.8% in November and the Australian economy created 71,400 new jobs. Austal Limited tumbled 25% after issuing a profit warning.

Sensex Halts 6-Day Decline, India Offers Ship Building Assistance

Sarla Buch
10 Dec, 2015
New York City

Sensex in Mumbai halted 6-day decline after markets in Asia rebounded and investors searched for bargains. Shipping companies led the gainers after the government approved financial assistance to ships built in India. Bharti plans to launch 4G service in Rajasthan.

Nikkei Falls to 5-Week Low and Extends 3-Day Losses

Hiruki Nakamura
10 Dec, 2015
New York City

The Nikkei average extended 3-day losses and the referenced index dropped to a five-week low after the yen advanced. The producer price index in November fell 0.1%.

U.S. and World Stocks Meander, Oil Halts 5-Day Sell-Off

Nichole Harper
09 Dec, 2015
New York City

Stocks on Wall Street meandered and crude oil price halted five-day sell-off of 10%. Dow Chemical and DuPont surged more than 8% after two companies were said to be in advanced merger talks. European markets trimmed losses.

Dow, Du Pont Explore Merger; Yahoo! to Spin-off Core Business

Mukesh Buch
09 Dec, 2015
New York City

Dow Chemical and Du Pont are in advance merger talks. Yahoo! plans to spin-off its core business into a separate company. Costco net fell 3%. Korn/Ferry net tumbled 29%. Lululemon net plunged 12%. Vera Bradley net soared 49%.

Nervous European Markets on Weakening Resource Sector

Lucy Stoeva
09 Dec, 2015
New York City

Europe extended losses on concerns about growth in China and pressure from commodity stocks. Alternative Networks net soared 42%. Stagecoach tumbled after profit declined 7% and earnings forecast deteriorated. Xchanging agreed to be acquired by Computer Sciences Corp.

Australian Stocks Extend Losses, Consumer Confidence Falls

Marcus Jacob
09 Dec, 2015
New York City

Australian markets extended losses as overall commodity prices test new seven-year lows. Consumer confidence index fell 0.8% in December and the total number of home loans in October dropped 0.5%.

Market Update