- Arthi Gupta
- 21 Jun, 2012
- New York City
U.S. indexes traded sideways after weekly jobless claims fell and weak manufacturing data from China. Cabot agreed to acquire the Netherlands-based Norit for $1.1 billion. Agilent completed its acquisition of Denmark-based Dako.
- Marcus Jacob
- 21 Jun, 2012
- New York City
Australian stocks declined after a private manufacturing survey in China indicated contraction for the eighth month to June. Retailer Billabong launched $225 million offering at 44% discount. Myer reiterated 15% decline in annual earnings.
- Arthi Gupta
- 21 Jun, 2012
- New York City
European markets sharpened focus on Spain as the country battles worsening fiscal conditions. Spain raised
- Arthi Gupta
- 21 Jun, 2012
- New York City
The euro area current account surplus fell in April. German and euro area manufacturing activity contracted but French manufacturing sector rose in June. Swiss watch exports rose but money supply growth eased in May.
- Bikram Pandey
- 20 Jun, 2012
- New York City
U.S. markets reversed the course after Fed extended its program to switch to long term bonds till the end of the year. The U.S. Treasury yields declined and indexes briefly traded in the positive before settling back to flat line. Gold and copper fell more than 1% and oil declined 2.6%.
- Arjun Dave
- 20 Jun, 2012
- New York City
U.S. Treasury yields fell after the Fed extended and expanded its Operation Twist program to the end of the year and held target interest rate near zero. The move knocked off rates on 10-year bond to 1.61% and 30-year bond to 2.75%.
- Mukesh Buch
- 20 Jun, 2012
- New York City
Actuant 2013 guidance 2013 falls below estimates and Adobe Systems second quarter net declined 2% and lowered fiscal outlook. Jabil Circuit third quarter net slipped 3.2%. Procter & Gamble falls on weak fourth quarter forecasts.
- Arthi Gupta
- 20 Jun, 2012
- New York City
U.S. stocks struggle ahead of Fed statement later today and G20 leaders focused on Europe and pledged to support and work together to arrest widening debt contagion. Procter & Gamble lowered fourth quarter guidance.
- Arthi Gupta
- 20 Jun, 2012
- New York City
The UK indexes traded higher as investors shifted focus to the Fed announcement later today after G20 leaders focused on the euro zone. UK jobless claims rose unexpectedly in May. AstraZeneca completed acquisition of Ardea Biosciences.
- Nigel Thomas
- 20 Jun, 2012
- New York City
Nikkei index in Tokyo rebounded sharply after a statement from the G20 lifted hopes for an action plan in the euro zone and speculators bid up stocks ahead of the U.S. Fed announcement later today. Investors turned attention to domestic companies as the yen stayed strong.
- Marcus Jacob
- 20 Jun, 2012
- New York City
Australian stocks closed higher and international events dominated local trading. News Corp offered $2 billion to acquire Consolidated Media and announced restructuring of its local operations. Resource sector stocks closed higher.
- Arthi Gupta
- 20 Jun, 2012
- New York City
German producer price inflation slowed more than estimated in May. Economic confidence in Sweden and Danish consumer confidence fell in June. Italian current account deficit narrowed in April.
- Arthi Gupta
- 20 Jun, 2012
- New York City
European markets cautiously traded higher on the optimism that banking industry integration will break the debt spiral in the highly indebted nations in the region. German producer price inflation eased more than estimated in May.
- Bikram Pandey
- 19 Jun, 2012
- New York City
U.S. stocks traded higher ahead of Fed meeting conclusion tomorrow on the hopes that the central bank may announce additional stimulus measures. European markets jumped as Spain completed its target bond offering but yields were near 7%. Markets in Asia recalibrated and trimmed gains.
- Mukesh Buch
- 19 Jun, 2012
- New York City
Discover Financial second quarter dropped 11% to $537 million and FedEx fourth quarter net slides 1% to $550 million. InterDigital sells patent applications to Intel for $375 million in cash. Oracle fourth quarter net soared 8% to $3.45 billion.