U.S. Private Employment Rises; CBO Projects $1.1 T Deficit
The U.S. indexes gained after employment in the U.S. private sector grew in January The Congressional Budget Office projected a $1.1 trillion federal budget deficit for fiscal year 2012. Mattel completed acquisition of HIT Entertainment for $680 million.
Australian Home Prices Decline 4.8%; Fortescue in Focus
Australian indexes eased after home prices fell December quarter. Wesfarmers traded down ahead of its quarterly results tomorrow. Fortescue Metals Group declined after a key investor cut its stake to 1%.
Euro Area Inflation at 2.7%; Manufacturing Activity Mixed
Manufacturing activity in the euro area was mixed and French manufacturing activity declining further in January. Euro area annual inflation remained unchanged but German flash consumer price inflation rate fell in January. Norwegian jobless rate rose ...
European Indexes Up; NYSE, Deutsche Boerse Merger Terminated
European markets rose after Germany and Portugal completed bond auctions at lower yields. The European Commission blocked the proposed merger of NYSE Euronext with Deutsche Boerse. Dassault Aviation was named as a preferred bidder for fighter jets by I...
Nikkei Flat in Tokyo; Nomura Net Up, Sony Replaces Chief
Tokyo stocks were flat as earnings release accelerate this week. Sony replaced its chief executive as losses in its TV unit mount. Nomura reported a slight profit after the close and Sumitomo Heavy lowered annual earnings outlook. All Nippon Air lifted...
U.S. Indexes Hold; Consumer Confidence, Home Prices Decline
U.S. stocks were in a holding pattern after consumer confidence index dipped in January and home prices declined for the third month in a row in November. European leaders agreed for a fiscal pact and paved the way for the euro zone nations to tighter ...
U.S. Movers: Danaher, Eli Lilly, Pfizer, Tyco, UPS, Valero
Danaher fourth quarter net increased to $571 million. Eli Lilly fourth quarter net slumped 27% to $858 million and Pfizer fourth quarter net declined 50% to $1.44 billion. Tyco International first quarter net slumped to $333 million. United Parcel four...
Nikkei Jumps 4.1% in January; Canon, Fujifilm, Toshiba in Focus
Japanese market indexes closed flat and gained 4.1% in January. Honda reported worse than expected decline in earnings and Sumitomo Mitsui Financial reaffirmed annual net income outlook. Canon president resigned and Fujifilm lowered its annual view.
UK Confidence at 7-Month High; BSkyB Profit Rises
The UK indexes gained after consumer confidence improved in January and loan approvals for home purchase climbed in December. Essar ordered to pay $1.235 billion of sales tax deferment benefit, plus interest accrued. BSkyB first-half revenue increased 6%.
Danaher, McGraw-Hill Net Rise; Eli Lilly, Pfizer Net Fall
Biogen fourth quarter net increased to $300 million. Danaher fourth quarter net increased to $571 million. Entergy fourth quarter net dropped to $154 million. Illinois Tool fourth quarter net increased to $442 million. McGraw-Hill fourth quarter net su...
EU Summit Sparks Optimism; Exxon Net Rises 2%
The U.S. indexes gained on optimism of a resolution to the Greek debt-swap deal. McKesson agreed to acquire private label and drug franchise retail business of Canada based Katz Group for C$920 million. Exxon quarterly net rose 2%.
French Consumer Spending Falls; Euro Area Jobless Rate Above 10%
Euro area jobless rate remain unchanged but stayed above 10% in December as Spanish jobless rate rose to 22.9% and Greek rate to 19.2%. German retail sales dropped and French consumer spending fell in December. Spanish inflation eased in January.
