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Topix in Tokyo Turns Lower from a Five-Week High

Hiruki Nakamura
03 Jul, 2014
New York City

Stocks in Tokyo closed lower but investors held out for gains later in the year. Dai-ichi Life is set to approve stock sale of at least $2 billion to fund its acquisition of Protective Life Corp. Osaka Organic Chemical reported weak growth in sales and net declined.

Australian Building Approvals Surged 9.9%, Retail Sales Dropped 0.5%

Marcus Jacob
03 Jul, 2014
New York City

Miners and banks led the gainers in Australia for the second day in a row and trading volume was heavy. Building approvals in June rose but seasonally adjusted retail sales dropped 0.5%. Lynas Corp plans to move its headquarters to Malaysia.

Hero, TVS June Sales Rise; Coal India Misses Target

Mukesh Buch
03 Jul, 2014
New York City

Alstom T&D won contract worth Rs 27.7 crore from Himachal Pradesh. Apollo Tyres invest $340 million at Chennai and Kerala plants. Coal India production fell in June. Hero Motocorp sales in June climbed 8%. JSW Energy acquired power plant for Rs 5,700 crore.

U.S. Indexes Flirt Near Record Highs Ahead of Earnings Season

Nichole Harper
02 Jul, 2014
New York City

U.S. market indexes traded sideways after small cap index reached an intra-day high yesterday. S&P 500 index traded at a new intra-day high and the tech heavy Nasdaq Composite index traded at a high not seen since 2001.

Schulman, Greenbrier Climb; CalAmp, Paychex Plunge

Mukesh Buch
02 Jul, 2014
New York City

Schulman net and sales soared. Constellation Brands net climbed nearly three-fold. CalAmp profit jumped 59%. Greenbrier surged after quarterly net swung to profit. Kroger completed acquisition of Vitacost.com. Paychex net soared 18%. UniFirst net climbed 8%.

Exporters and Shippers Lift Indexes in Tokyo

Hiruki Nakamura
02 Jul, 2014
New York City

Investors in Japan looked to overseas markets and took an optimistic view on the global economy and bid up exporters. Sony and Toyota Motor gained more than 0.7%. Nippon Yusen and Mitsui OSK Limes soared 2% after freight rate index advanced.

Europe Earnings: BMW, Chr. Hansen, Mothercare, NN Group, Roche

Nigel Thomas
02 Jul, 2014
New York City

BMW plans to invest $1 billion in a new plant of Mexico. Chr. Hansen net climbed 6% to

Australian Trade Deficit Surges on Higher Dollar and Weak Iron Ore Price

Marcus Jacob
02 Jul, 2014
New York City

Australian stocks jumped and the Aussie dollar held despite the May trade deficit soared 145% and was the widest in eighteen months. Weak iron ore prices and 6% increase in Aussie dollar contributed to the deficit. Australand Property Group accepted $2.6 billion offer.

India Movers: Ashok Leyland, A2Z, Bajaj Auto, Castrol, Mphasis, Tata Motors

Mukesh Buch
02 Jul, 2014
New York City

Ashok Leyland June sales jumped 7%. A2Z Maintenance secured orders worth Rs 2,400 crore. Bajaj Auto total sales in June rose 3%. Castrol India surged on delisting rumors. Tata Motors total sales in June tumbled.

Timken Completes Seprates Steel Business, Acuity Brands Declines

Mukesh Buch
01 Jul, 2014
New York City

Agenus surged after positive result of cancer vaccine for brain tumor patients. Acuity Brands net soared 38% on 12% increase in revenue. Park Electrochemical net surged 67%. Timken completed its spin-off of its steel business.

Europe Movers: Bilfinger, Fresenius, Hangar 8, St. Modwen Properties

Nigel Thomas
01 Jul, 2014
New York City

Bilfinger plunged after weak forecast. Fresenius sold its 5% stake in Rh

S&P 500 Index at a New High on Auto Sales, Construction and China Data

Nichole Harper
01 Jul, 2014
New York City

Stocks on Wall Street gained after auto sales were ahead of expectations and China reported a slight expansion in manufacturing. U.S. construction spending edged up in May but at a slower pace than in April. Chrysler, GM and Nissan reported higher than expected sales in June.

Maruti Suzuki and M&M Vehicle Sales Rebound

Mukesh Buch
01 Jul, 2014
New York City

L&T won contract of Rs 2,442 crore from Bharat Sanchar Nigam. Maruti Suzuki June sales surged 33.5%. M&M tractor June sales climbed 8%. Punj Lloyd won a contract worth $200 million in Kuwait. Sterlite secured defense contracts worth Rs 2,500 crore from BSNL.

Japanese Companies Boost Capex Plans, Nikkei Advances 1.1%

Hiruki Nakamura
01 Jul, 2014
New York City

Stocks in Tokyo closed higher after Tankan survey showed rising inflation pressure and large companies revised higher capital spending plan by 7.4%. The yen weakened against the U.S. dollar. Takashimaya said June retail sales declined.

Australia Keeps Historic Low Rates, RBA Notes Housing Expansion

Marcus Jacob
01 Jul, 2014
New York City

Reserve Bank of Australia held rates at historic low of 2.5% for the eleventh month in a row and confirmed the strong housing industry expansion and low wage inflation. Capital cities home price index increased 1.4% in June.

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