- Arthi Gupta
- 16 Jul, 2012
- New York City
The European indexes traded lower ahead of the German court ruling on Spanish bank bailout plan. Italy planned to cut public debt by 20% in five years. Accor agreed to acquire hotel portfolio of Mexico-based Grupo Posadas.
- Arthi Gupta
- 16 Jul, 2012
- New York City
German factory employment rose and Italian exports improved in May. Annual inflation in the euro area was stable but Norwegian trade surplus and Austrian inflation rose in June. Swiss industrial production eased in the first quarter.
- Bikram Pandey
- 13 Jul, 2012
- New York City
U.S. indexes surged more than 1% and banks were in focus after JPMorgan said that the bank is still poised to have record annual earnings despite a trading loss of $4.4 billion. China reported economic growth slowed for the sixth quarter in a row but met the lowered expectations.
- Mukesh Buch
- 13 Jul, 2012
- New York City
JPMorgan second quarter net declined 9% to $5 billion and restated first quarter net income. Lexmark cuts second quarter outlook. Wells Fargo second quarter net soared 17% to $4.6 billion and agreed to pay $175 million to settle racial biases in mortgage approval.
- Arthi Gupta
- 13 Jul, 2012
- New York City
The UK indexes gained after the Bank of England launched a scheme to boost lending to the economy. The UK leading index dropped 0.8% and Irish surplus rose slightly in May. Global indexes rose after China reported growth.
- Nigel Thomas
- 13 Jul, 2012
- New York City
Stocks in Tokyo edged higher after China reported a raft of economic data that at least for now push aside the prospect of a global economic slowdown. Japan revised its industrial output rate to 3.4% in May. Dentsu 7% dropped on the worries that it may have overpaid for the Aegis purchase.
- Arthi Gupta
- 13 Jul, 2012
- New York City
U.S. indexes advanced after China reported slowing but strong GDP, industrial production and retail sales data. U.S. producer prices unexpectedly rose. JPMorgan quarterly net fell and withdrew its first quarter earnings. Wells Fargo earnings rose.
- Marcus Jacob
- 13 Jul, 2012
- New York City
Australian stocks rebounded after China reported strong but the slowest economic growth in the three years. Industrial production and retail sales matched the previous quarter data but construction declined. Resources linked stocks gained after commodities and the dollar edged up.
- Arthi Gupta
- 13 Jul, 2012
- New York City
French retail sales rebounded, Spanish consumer price inflation remained unchanged but Swiss producer and import price index fell in June. Hungarian output declined and Czech current account slipped to deficit in May.
- Arthi Gupta
- 13 Jul, 2012
- New York City
The European indexes gained after China reported GDP that met expectations. Italy sold
- Arjun Dave
- 12 Jul, 2012
- New York City
The Treasury Department said June deficit widened 38.7% to $59.7 billion. Revenues increased 4.2% and expenditures increase 9.3%. For the first nine months, the deficit declined 6.7% to $904.2 billion.
- Bikram Pandey
- 12 Jul, 2012
- New York City
U.S. indexes struggled as investors feared that worldwide economic slowdown may dampen earnings of domestic companies. Infosys lowered its sales outlook. Grocery retailers dropped after SuperValu cut its dividend and plans to lower prices. Mortgage rates drop to a new low.
- Mukesh Buch
- 12 Jul, 2012
- New York City
Chevron lifted second quarter earnings outlook. Fastenal second quarter increased 19.3% to $112.3 million. Infosys first quarter net rose 8.3% to $416 million. Marriott International second quarter net grew 6% to $143 million.
- Arthi Gupta
- 12 Jul, 2012
- New York City
The UK indexes slumped after home purchase loans rose in May. Irish economy shrunk in the first quarter and inflation eased in June. Aegis agreed to be acquired by Dentsu for
- Nigel Thomas
- 12 Jul, 2012
- New York City
Stocks in Tokyo fell for the sixth day in a row after the central bank held its asset purchase and lending program and offered less than expected aggressive response to revive the economy. The yen traded volatile. Asahi Glass plunged after it lowered its fiscal year operating earnings outlook.