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| Economic Recovery Falls Short of Expectations; U.S. Stocks Zigzag |
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| 4:34 PM ET January 27 2012 |
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U.S. indexes fell after the latest economic growth data failed to spark enthusiasm. Ford Motor reported a large net profit on one-time tax gains but operating net lagged on weak Asian and European results. Markets indexes in Europe declined after Greek talks foundered and Spanish jobs surged to 23%. |
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| Italy Sells 11 Billion Debt; Transocean Surges 7% |
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| 10:36 AM ET January 27 2012 |
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European markets traded sideways and Italy sold 11 billion in bills today. Spanish jobless rate rose to 22.9% in the fourth quarter and Greek negotiations founder. AEGON entered into 2 billion syndicated credit facility. |
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| Euro Area M3 Growth Eases; Spanish Jobless Rate at 23% |
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| 10:34 AM ET January 27 2012 |
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Euro area money supply growth slowed, German import price inflation eased, and Swedish retail sales rose in December. Spanish jobless rate rose to 22.9% in the fourth quarter. Swiss leading index fell in January. |
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| Weak Home Sales Drag U.S. Indexes Lower |
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| 4:34 PM ET January 26 2012 |
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U.S. stocks declined after new home sales fell unexpectedly in December and dropped 6.2% to a record low in 2011. However, durable goods orders and weekly jobless claims rose. AT&T sold 9.4 million smartphones in the quarter and took $4 billion charge for a failed takeover bid. |
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| Italy Raises 5 B in Auction; Nokia Swings to Loss |
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| 10:07 AM ET January 26 2012 |
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European markets rallied after Italy raised 5 billion from an auction of short-term debt as borrowing costs fell. European leaders struggle to decide the size of the rescue fund. Nokia swung to loss on lower revenues. |
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| Fed Extends Near Zero Rate to Late 2014, Greek Talks Drag |
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| 4:02 PM ET January 25 2012 |
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The U.S. indexes traded higher after the Fed extended near zero interest rate policy to late 2014 and estimated subdued inflation for two more years. The rate setting committee members also estimated unemployment to decline slowly. |
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| German Sentiment Improves; Hungarian Retail Sales Up |
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| 8:20 AM ET January 25 2012 |
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German confidence rose for the third month in a row in January and Spanish producer price index slowed in December. Retail sales in Hungary improved but in Italy fell in November. |
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| ECB May Face Losses on Greek Bonds; Ericsson, Novartis Net Plunge |
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| 8:18 AM ET January 25 2012 |
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European markets declined after mixed corporate earnings as Germany sold 30-year bonds amidst strong demand. UniCredit planned to raise up to 25 billion by way of covered bonds and E.On plans to cut 11,000 jobs worldwide. |
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| Wall Street Declines; Refiner Petroplus Seeks Insolvency |
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| 4:31 PM ET January 24 2012 |
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The U.S. indexes declined after rallying for five days in a row. Global companies are beginning to feel the impact of weak euro and fast food retailer McDonalds lowered earnings outlook. The oil refiner Petroplus based in Switzerland defaulted on bond payment as refineries in South Korea and India. |
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| Siemens, KPN Net Drops; Spain Sold 2.51 B Debt |
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| 8:17 AM ET January 24 2012 |
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European markets edged lower after weaker than anticipated corporate earnings. Spain sold 2.51 billion of short-term debt today at lower yields and Greek talks stalled. Switzerland based Petroplus planned to file for insolvency. |
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