Price index rose 0.8%
futures pare half their losses…momentarily
Comments »European Markets Fall on Poor Earnings and Bank Downgrades
“European stocks dropped, with the Stoxx Europe 600 Index heading toward the second weekly decline in three, as investors awaited data on American gross domestic product growth amid concern company earnings are deteriorating. U.S. index futures and Asian stocks also declined.”
Comments »$AAPL Takes a Bite Out of Asia
Earnings out of $AAPL took Asian markets down from the open. Markets never really recovered and the sell off spilled over in to Europe.
Comments »Global Markets Sell Off, U.S. Futures Falter
Initial Claims and Durable Goods Orders Data
Initial Claims: Prior 388k, Market Expects 375k, Actual 369k
Durable goods Orders: Prior -13.2%, Market Expects 8%, Actual +9.9%….minus transportation 2.2%
Comments »European Markets Rally on Good Earnings and Better Than Expected Growth in the U.K.
“European stocks climbed for a second day as companies including BASF SE (BAS) andUnilever NV (UNA) posted results that exceeded analysts’ estimates. U.S. index futures and Asian shares also advanced.
Unilever gained 3.8 percent, its biggest advance in three months, after reporting quarterly sales that grew faster than analysts had projected. BASF rose 1.9 percent as profit rose because of increased oil production in Libya. Daimler AG (DAI) slid 3.2 percent after the world’s third-largest luxury carmaker abandoned its profit-margin target for 2013.”
Comments »Asian Markets Pare Early Losses to Rally on Stimulus Bets
Asian markets got started to the downside last night, but after some good earnings came in stocks stopped falling. The yen began to climb over 80 to the USD and rumors spread the BoJ would provide stimulus by as early as next week causing a rally.
Comments »Global Markets Rally on Hopes of Stimulus and Decent Earnings in Europe, U.S. Futures Reach Higher
U.S. Flash PMI Reading Ticks Lower by 0.2%
Better Than Expected Earnings Help European Markets to Climb Out of the Hole
“European stocks advanced, after yesterday tumbling the most in four weeks, as technology companies rallied, outweighing worsening economic data from the euro area. U.S. index futures rose, while Asian shares fell.
SAP AG (SAP) gained 5.3 percent after the world’s biggest maker of business-management software raised its full-year revenue target as license sales beat estimates. STMicroelectronics NV (STM) climbed 2.7 percent on plans to cut costs. Volvo AB and Nordea Bank AB (NDA)declined more than 3.5 percent after the companies reported third-quarter earnings that missed projections.”
Comments »Asian Markets Fall on Earnings Contraction
“Asian stocks dropped, with the regional benchmark index heading for its fourth straight loss, as the global economic slowdown crimps corporate earnings and after commodities erased this year’s gains.
BHP Billiton Ltd. (BHP), the world’s largest mining company, declined 1.4 percent in Sydney.Kawasaki Heavy (7012) Industries Ltd. sank 5.7 percent in Tokyo after the gas-turbine maker said first-half earnings missed its forecast on slowing sales in China and Europe. Esprit Holdings Ltd. slumped 9.5 percent as the clothier resumed trading in Hong Kong after saying first- quarter sales plummeted and announcing plans to raise HK$5.2 billion ($671 million) in a rights offer.”
Comments »Asia Remains Lower From the Open, Europe Pares Losses, and U.S. Futures Bounce a Bit After Yesterday’s Drop
China Flash Manufacturing PMI Ticks Higher, Unfortunately it is the 12th Consecutive Print Below 50
If your not sure what 50 signifies then you need to go elsewhere on these here interwebs….
Comments »Asia Gaps Down, Trying to Pare Losses
U.S. Futures Melt Down On Poor Earnings, Disappointing News Out of Europe
Dow Futures are off 136 bones as some bad earnings reports come in this morning.
Comments »Poor Earnings Contribute to a Global Equity Sell-Off
Asia Trades Lower, Europe Significantly Lower, U.S. Futures Are Down 1%+
Global Markets Trade Unch, U.S. Futures are Flat
European Markets Slide on No Progress Over Spanish Bailout
“European stocks fell, snapping four days of gains, as European Union leaders failed to discuss further aid for Spain, outweighing an agreement to introduce a euro-area banking regulator by the end of next year. U.S. index futures were little changed, while Asian stocks fell.
Bankia SA (BKIA) led lenders lower, falling 6.9 percent as a gauge of banks contributed most to the Stoxx Europe 600 Index’s drop. Aggreko Plc (AGK) fell 9.6 percent after it said bad-debt provisions would hurt full-year results. Spectris Plc (SXS) surged 9.5 percent after it reported a 12 percent increase in sales last quarter and said it will meet its full-year targets. Carrefour SA (CA) advanced 6.8 percent after it agreed to sell its Colombian unit.”
Comments »Asian Markets Fall on Technology Companies Posting Poor Earnings
“Asian stocks fell, with the regional benchmark index headed for the first drop in four days, as worse-than-expected earnings results from Google Inc. and Microsoft Corp. weighed on technology shares.
Internet portal Yahoo Japan Corp. declined 2.3 percent in Tokyo and Samsung Electronics Co. fell in Seoul. National Australia Bank Ltd. led the country’s lenders lower after saying it quadrupled provisions for bad loans. Fanuc Corp., a Japanese maker of factory robots, increased 3.9 percent after manufacturing in the Philadelphia region expanded more than estimated.”
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