- 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.
- Arthi Gupta
- 05 Jul, 2011
- New York City
The European indexes traded sideways as investors focus on the next bailout conditions for Greece. U.S. based OM Group agreed to purchase Vacuumschmelze for
- Marcus Jacob
- 05 Jul, 2011
- New York City
Australian stocks traded lower after the Reserve Bank of Australia left its key lending rate at 4.75% and offered a benign view on inflation. The rate decision was widely anticipated but the outlook on inflation prompted a slower economic expansion outlook for the rest of the year.
- Arthi Gupta
- 04 Jul, 2011
- New York City
The UK indexes gained after financial services sector growth eased in the second quarter. The UK construction activity fell in June and individuals injected
- Arthi Gupta
- 04 Jul, 2011
- New York City
Euro area producer price inflation eased in May and investor confidence rose in July. Spanish unemployment fell and consumer confidence improved in June. Swiss retail sales slumped in May.
- Arthi Gupta
- 04 Jul, 2011
- New York City
The European indexes traded higher after the European lenders approved the next tranche of aid to Greece. Bayer agreed to pay $750 million to settle biotech rice litigation. ASSA ABLOY sold Lorentzen & Wettre to ABB for SEK 750 million.
- Nigel Thomas
- 04 Jul, 2011
- New York City
Stocks in Tokyo advanced following a surge in U.S. indexes and a rise in manufacturing index. The Nikkei index gained 1% and traded above 10,000 for the first time since May 2 on a strong rise in real estate developers and financials. Bridgestone increased commercial vehicles tires prices by 10%.
- Marcus Jacob
- 04 Jul, 2011
- New York City
The Australian benchmark index struggled to close higher after retail sales and building approvals fell. Retail sales fell 0.6% in May as shoppers take advantage of stronger dollar and look for bargains overseas on the Internet.