ticker

Nikkei Soars 1.9%, Whoelsale Prices Decline in Japan Accelerates

Hiruki Nakamura
15 Jan, 2015
New York City

Market indexes in Tokyo soared more than 1.4% after the yen fell from its strongest level in the year. Tire and rubber makers soared on the expectations of earnings boost from the sharp fall in oil price below $50 a barrel. Producer price index decline accelerated in December.

Australian Jobless Rate Drops to 6.1%, Stocks Face Headwinds

Marcus Jacob
15 Jan, 2015
New York City

Australian market indexes after a weak opening managed to trim losses after December jobless rate fell to 6.1%. Weak copper, iron ore and crude price continue to pressure resource sector jobs and investment plans.

India Lowers Rate to 7.75%, Sensex Soars 2.7%

Mukesh Buch
15 Jan, 2015
New York City

Bajaj Auto profit fell 5%. Bajaj Finserv net climbed 24%. BHEL secured a contract worth Rs 1,202 crore from Karnataka. Federal Bank net jumped 15%. NIIT profit declined 9%. Network 18 Media net swung to profit.

S&P 500 Falls 1% on December Retail Sales Decline of 0.9%

Nichole Harper
14 Jan, 2015
New York City

Three widely followed market indexes in Wall Street declined more than 1% after December retail sales declined more than expected 0.9%. Retail sales in November and October were trimmed as well. Copper price fell 4.5% to a five-year low. JPMorgan net declined.

JPMorgan Net Declines, Mohawk to Acquire IVC Group for $1.2 B

Mukesh Buch
14 Jan, 2015
New York City

CSX net soared 15%. JPMorgan net declined 12%. Mohawk Ind agreed to acquire Belgium-based IVC Group for about $1.2 billion. Progress Software net dropped 4%. Wells Fargo net edged up 2%. Worthington agreed to acquire the business of Rome Strip Steel.

Nikkei in 2-day Losses and Yen at 4-week High on Weakening Commodities Prices

Hiruki Nakamura
14 Jan, 2015
New York City

Nikkei index extended two-day losses over 2.5% and the yen gained to a four-week. Crude oil, iron ore and copper prices continued the decline in international markets. Aderans Co said nine-month sales soared 15.9%.

Weak Iron Ore and Oil Prices Drag Australian Indexes Lower

Marcus Jacob
14 Jan, 2015
New York City

Australian market indexes closed down after iron ore price declined below $69 a ton and crude oil price fell to a six-year low in international markets. Chandler Macleod Group received a takeover proposal from Japan-based Recruit Holdings at 82% premium.

Burberry Revenues Soar 14%, Jeronimo Martins Net Sales Jumps 7%

Nigel Thomas
14 Jan, 2015
New York City

Burberry revenues in the third-quarter soared 14% to

Bajaj Fin, Kajaria, Net Surge; Tata Acquires NTT DoCoMo Stake

Mukesh Buch
14 Jan, 2015
New York City

Bajaj Finance profit climbed 33%. Kajaria Ceramics net surged 55%. LIC Housing Finance net rose 5%. Reserve bank allowed Tata Sons to acquire Japan-based NTT DoCoMo Inc''s stake worth $1.1 billion in Tata Teleservices.

Ruble Drops to a New Low and Traders Brace for More Losses

Lyubov Smirnova
13 Jan, 2015
New York City

Ruble in Moscow trading dropped to a new low and fell to 65.73 against the dollar and 77.50 against the euro. The fall in Russia

On Wall Street Stocks Rebound, Oil at New Six-year Low

Nichole Harper
13 Jan, 2015
New York City

Stocks on Wall Street rebounded and dollar strengthened on the continuing slide in oil prices and earnings announcements pick up. Russian ruble dropped to a new low after crude oil futures declined to a near six-year low.

Alcoa Net Swings to Profit, KB Home Profit Surges on Tax Reversal

Mukesh Buch
13 Jan, 2015
New York City

Alcoa net swung to profit $159 million on 14% increase in revenues. IHS net soared 47%. KB Home profit surged on income tax benefit of $824.2 million. Limoneira net swung to a loss. Synnex net climbed 38% on 25% increase in revenues.

5th Monthly Current Account Surplus in Japan, Nikkei Eases

Hiruki Nakamura
13 Jan, 2015
New York City

Nikkei index in Tokyo closed lower and the yen traded around 119 against one dollar. Japan reported better-than-expected current account balance, fifth monthly surplus in a row. Aeon plunged 6% after the supermarket operator reported 72% plunge in operating profit.

Metro Net Sales Falls, Sika Sales Climb 13%

Nigel Thomas
13 Jan, 2015
New York City

Areva and consortium lost nuclear decommissioning contract worth about

Australian Indexes Ease, Rio Tinto to Invest $2.5 B in India

Marcus Jacob
13 Jan, 2015
New York City

Australian market indexes fell following weak crude oil prices. China reported better-than-expected December month trade surplus of $49.5 billion. Rio Tinto announced $2.5 billion investment in India and also plans to begin uranium shipments to India in two years.

Market Update