ticker

Sensex in India Drops 2.1% as Emerging Markets Sell Off

Mukesh Buch
22 Sep, 2015
New York City

Market indexes in Mumbai dropped more than 2% following another day of sell off in emerging markets. Foreign investors sell off continues in the second week totalling $3 billion. Hindalco plans to sell its copper mine in Australia.

Directionless U.S. and European Markets Focus on Global Economic Slowdown

Nichole Harper
21 Sep, 2015
New York City

Stocks on Wall Street lacked direction and worried investors focused on the global economic slowdown after the Fed relegated rate hike later in the year, if at all. European markets brace for more volatile times after the reelection of Syriza party led government in Greece.

American Express, Lennar Rise, Tribune Drops 2%

Mukesh Buch
21 Sep, 2015
New York City

Apple hopes the latest worldwide launch of smart phones may accelerate earnings growth in the last quarter. American Express reaffirmed earnings outlook for two fiscal years. Lennar profit and revenues surged. Steel Dynamics lowered earnings per share forecast.

VW Plunges 20% After U.S. Accuses Emission Violations

Nigel Thomas
21 Sep, 2015
New York City

Volkswagen faces as much as 18 billion in fines for falsifying emission data for diesel-powered passenger cars. Deutsche Wohnen agreed to acquire LEG Immobilien. Dialog Semiconductor agreed to acquire the U.S.-based Atmel. Zurich Insurance terminated merger talks with RSA.

Austraiian indexes Drop 2% on Sustained Selling by Foreign Investors

Marcus Jacob
21 Sep, 2015
New York City

Market sentiment was negative in Australian trading after indexes in New York dropped at the close of Friday. Resource and banking stocks led the decliners in Sydney trading. Lynas Corp said fiscal year loss narrowed.

Sensex in India Falls; Leelaventure Sells Goa Hotel for $111 M

Mukesh Buch
21 Sep, 2015
New York City

NBCC secured a contract to build a local trade and craft center in Varanasi. L&T expanded its order backlog with new orders this month. Hotel Leelaventure agreed to sell its marquee hotel in Goa for $111 million to a Malaysia-based firm.

Fed Inaction Extends Market Volatilty, S&P 500 Index Drops 1.6%

Nichole Harper
18 Sep, 2015
New York City

Stock indexes and bond yields declined after the latest Fed inaction failed to remove a layer of uncertainty. Fed worried that the slowdown in China and emerging markets and volatile financial markets may affect domestic economy but showed willingness to a modest tightening before the year-end.

Sensex in India Jumps 0.9%; Rupee Advances

Mukesh Buch
18 Sep, 2015
New York City

Sensex rebounds and looks beyond hoopla surrounding Fed induced uncertainty. Power Grid Corp received approval from shareholder to raise up to $2 billion. Ultratech Cement received an approval from the Environment Ministry to expand production capacity in Maharasthra.

Nikkei Plunges 1.9% After Fed Uncertainty Continues

Hiruki Nakamura
18 Sep, 2015
New York City

Stocks in Tokyo fell sharply after the U.S. Fed held rates as expected but failed to remove a layer of uncertainty and held out for a possible rate hike at one of the two scheduled meeting in the rest of the year.

La Quinta Replaces Chief, Adobe Profit Surges

Mukesh Buch
18 Sep, 2015
New York City

Equifax offered to buy Australia-based Veda Group. McKesson agreed to acquire Ireland-based UDG Healthcare. Antero Midstream agreed to acquire fresh water business of Antero Resources. Adobe net surged. La Quinta replaced its chief executive officer and announced $100 million stocks repurchase plan.

Weekly Rise of 2% in Australian Indexes, Equifax Targets Veda Group

Marcus Jacob
18 Sep, 2015
New York City

Australian and Asian investors looked beyond the latest U.S. Fed action. World markets are expected to me remained volatile as speculation intensifies about the possible rate hike at the next Fed meeting in October.

Deutsche Bank to Close Russia Unit, Worldpay IPO to Raises

Nigel Thomas
18 Sep, 2015
New York City

Deutsche Bank plans to close its corporate banking and security operations in Russia. India Capital Growth Fund profit in the first-half tumbled. Worldpay plans to launch initial public offering to raise

For Now Fed Punts, Investors Hope Uncertainty Ends Soon

Nichole Harper
17 Sep, 2015
New York City

U.S. market indexes shot up while after the Fed policy makers overwhelmingly voted to not hike rates. However, Fed held out for a rate hike before the year-end. Volatile crude oil traded near $47 a barrel in New York. European markets lacked conviction.

Oracle Net and Sales Ease; Herman Miller, Under Amour Jump

Mukesh Buch
17 Sep, 2015
New York City

Amgen agreed to acquire Netherlands-based Dezima for $1.5 billion. Apogee net plunged 12%. Clarcor net tumbled 13% on 11%. Marcus revenues and profit surged. Oracle net declined 20% and revenues fell 2%. Rite Aid net tumbled 83%.

Altice to Acquire Cablevision for $17.7 Billion

Nigel Thomas
17 Sep, 2015
New York City

France-based Altice agreed to acquire the U.S.-based Cablevision for $17.7 billion to become the fifth largest cable company in a fast consolidating U.S. market. Premier Farnell net plunged 15% while revenues jumped 4%. Rotork declined on weak fiscal revenues outlook.

Market Update