- Arthi Gupta
- 07 Jul, 2011
- New York City
German industrial production rose more than estimated and French trade gap widened in May. Czech trade surplus rose and Bulgarian retail sales increased in May. Swiss annual inflation climbed in June.
- Marcus Jacob
- 07 Jul, 2011
- New York City
Australian stocks closed flat after the June employment reports showed stronger than expected job growth. Employers added 23,400 new jobs in June and unemployment hovered near 4.9%. Commodities and Australian dollar gained lifting resource linked stocks.
- Arthi Gupta
- 07 Jul, 2011
- New York City
The European indexes gained after Germany''s industrial output climbed more than estimated in May. The French Finance Minister Francois Baroin hinted that the second bailout for Greece would be finalized by September. Rating agency lowered the government-guaranteed debt of four Portuguese banks.
- Bikram Pandey
- 06 Jul, 2011
- New York City
U.S. indexes traded sideways ad service industry grew at a slower pace in May. European markets focused on the rising sovereign bonds spreads to German bunds. Portuguese bonds spread surged to a record high and yields on Spanish, Italian and Irish bonds advanced. Chinese banks worries resurfaced.
- Arthi Gupta
- 06 Jul, 2011
- New York City
U.S. indexes futures traded lower on global economic worries. U.S. mortgage and refinancing activity declined last week. China raised interest rates by 25 basis points to stem the fastest inflation since 2008. Compuware agreed to acquire dynaTrace software for $256 million.
- Arthi Gupta
- 06 Jul, 2011
- New York City
The UK indexes declined on worries of a contagion in the euro area. The UK retail inflation rose, private sector job growth eased, and home prices climbed in June. New car registrations in the UK decreased 6.2% annually in June.
- Nigel Thomas
- 06 Jul, 2011
- New York City
The benchmark index Nikkei increased 1.1% and extended gains for the sixth session and broader Topix index added for the seventh session in a row. The Nikkei has rebounded to a loss of 3.4% from the fall of 17% after the March 11 earthquake. Exporters and trading companies led the gainers.
- Arthi Gupta
- 06 Jul, 2011
- New York City
The European indexes traded lower after a rating agency downgraded Portuguese bonds to below investment grade. Portugal, second nation after Greece was lowered to junk rating as debt stress mount in the peripheral euro-zone. German factory orders increased, Spanish industrial production fell in May.
- Marcus Jacob
- 06 Jul, 2011
- New York City
Australian stocks closed higher ahead of the jobs report. Commodities and Australian dollar gained lifting resource linked stocks. Coal miners closed lower on the prospect of carbon tax implementation. Tiger Airways stopped selling tickets meeting regulatory demands.
- Bikram Pandey
- 05 Jul, 2011
- New York City
U.S. stocks closed nearly unchanged as gold and oil rebounded 2%. More than $12 billion worth of deals were announced. Peripheral nations in the euro-zone dominated the market sentiment. Portugal debt rating was lowered to junk status by a rating agency.
- Mukesh Buch
- 05 Jul, 2011
- New York City
Energy Transfer Equity agreed to acquire Southern Union for $8.9 billion. Immucor agreed to private for $1.97 billion. Johnson Controls completed acquisition of EnergyConnect Group, Inc. Torchmark declared 3-for-2 stock splits.
- Arthi Gupta
- 05 Jul, 2011
- New York City
The UK indexes edged higher after service sector activity improved marginally and Irish service sector grew in June. Tullow surged 3.1% after estimating revenue of about $1.05 billion for the first-half.
- Arthi Gupta
- 05 Jul, 2011
- New York City
U.S. indexes fluctuated after the release of the factory goods orders report. Energy Transfer agreed to acquire Southern Union for $8.9 billion. Immucor to be acquired by TPG Capital for $1.97 billion. Western Union agreed to buy Travelex Global Business Payments for
- Arthi Gupta
- 05 Jul, 2011
- New York City
OECD inflation surged in May on high food and energy prices. Private sector activity growth in the euro area slowed in June and retail sales declined 1.1% in May. Swedish central bank hiked key rate by 25 basis points.
- Nigel Thomas
- 05 Jul, 2011
- New York City
Stocks in Japan closed higher for the sixth day in a row prompting worries that market rally may not be supported by fundamentals. The latest spurt was driven by the mildly optimistic regional economic survey released by the Bank of Japan.