- Arthi Gupta
- 13 Jun, 2012
- New York City
U.S. indexes fell after retail sales and producer prices declined more than estimated in May. The International Energy Agency cut its oil demand growth forecast for 2012. Johnson & Johnson received U.S. regulatory approval for its proposed acquisition of Swiss-based Synthes in a $19.7 billion deal.
- Devan Biswas
- 13 Jun, 2012
- New York City
European markets were on the defensive ahead of Greek elections. Spanish bond yields rose and Italian bond yields jumped at a debt auction of shorter term maturities. Spanish apparel retailer Inditex lifted its quarterly outlook.
- Nigel Thomas
- 13 Jun, 2012
- New York City
Stocks in Tokyo traded higher in cautious trading supported by the purchases from Bank of Japan. Calendar of meetings dominated market sentiment and investors sought safety in defensive stocks. Machinery orders in Japan rose 5.7% in April.
- Marcus Jacob
- 13 Jun, 2012
- New York City
Australian stocks turned negative on the global economic slowdown worries. Domestic housing market remains vulnerable and soft commodities prices also weighed on the market sentiment. Whitehaven Coal said it received an offer to go private.
- Bikram Pandey
- 12 Jun, 2012
- New York City
Wall Street turned higher and shook of early gloom as investors hunted for bargains. World Bank lowered the global economic growth to 3% in 2013. ING agreed to pay a record find of $619 million for violating sanctions placed for transactions linked to Cuba and Iran.
- Mukesh Buch
- 12 Jun, 2012
- New York City
FactSet Research third quarter income advanced 11% to $48 million. Finisar fourth quarter surged 48% to $13.2 million. Texas Instruments tightened second quarter outlook. Under Armour announced 2-for-1 stock split.
- Arthi Gupta
- 12 Jun, 2012
- New York City
Speculation mounted on Wall Street for another stimulus as the euro zone stress lift bond yields of Spain and Italy. Import prices fell 1% in May, the largest monthly decline in two years. The median households lost more than one third of its wealth in three years to 2010.
- Devan Biswas
- 12 Jun, 2012
- New York City
European markets traded higher in choppy trading but stress in bond market turned investors cautious. Spanish bond yields rose above 6.5% for the second day in a row and Italian bond yields jumped above 6% forcing policy makers to turn attention to Italy.
- Nigel Thomas
- 12 Jun, 2012
- New York City
Market sentiment in Tokyo trading was weak as investors worried that the latest Spanish bank bailout will not arrest the widening debt contagion in Europe. Retailers were in focus after government proposes to double consumption tax to 10% by 2014.
- Marcus Jacob
- 12 Jun, 2012
- New York City
Australian stocks traded higher on the first day of trading. Resource companies were in focus after international prices of commodities extended losses. The euro zone worries shifted to Italy and Greece. Qantas surged 10%.
- Bikram Pandey
- 11 Jun, 2012
- New York City
Wall Street turned negative after early euphoria fades and the euro zone worries over power market sentiment. Crude oil and metals tracked lower and U.S. Treasuries yields declined. Apple Inc released new versions of its popular computers and widely anticipated 3D mapping application.
- Mukesh Buch
- 11 Jun, 2012
- New York City
AEP Industries second quarter net swung to profit and Argan first quarter surged more than six-fold. Centene Corp cuts fiscal outlook and estimated second quarter loss. Forest Laboratories revised fiscal 2013 earnings guidance.
- Arthi Gupta
- 11 Jun, 2012
- New York City
U.S. and global indexes rallied after euro zone finance ministers agreed to offer a preemptive Spanish bank bailout ahead of Greek election. Bond yields of peripheral euro zone nations barely budged indicating a lukewarm response. Chinese exports and economic data lifted commodities prices.
- Devan Biswas
- 11 Jun, 2012
- New York City
European markets surged after ministers in the region agreed to support Spanish bank bailout. Market euphoria was tempered as investors searched for details and worried of rising debt of Spanish government and bond yields barely budged.
- Nigel Thomas
- 11 Jun, 2012
- New York City
Stocks in Tokyo advanced after European leaders wasted no time in approving the request for Spanish bailout. The swift approval to head-off the widening crisis lifted stocks at least for today but also shifted venue to Italy and Greece. Nikkei surged 1.9% and TDK, Canon and Mazda led the gainers.