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Australian GDP Growth Accelerates, Stocks Close Lower

Marcus Jacob
04 Jun, 2014
New York City

Australian investors focused on the stimulus announcement from the European Central Bank tomorrow. Australian GDP rose at the fastest pace in two years but economists warned the recent decline in iron ore price will impact the economic data in the next quarters.

India Movers: Maruti, NFL, Orbit Corp, Sequent Scientific, Trent, Tata Steel

Mukesh Buch
04 Jun, 2014
New York City

Maruti Suzuki production in May jumped 20%. NFL climbed after net loss narrowed as net sales surged 73%. Trent said Tesco completed its stake acquisition in Trent Hypermarkets.

U.S., European Markets Struggle; Asian Markets Advance

Nichole Harper
03 Jun, 2014
New York City

U.S. stocks opened lower and the European Central Bank is considering additional liquidity measures to arrest the risks of negative price spiral. Asian markets closed higher as U.S. indexes closed up 2% in May, fourth monthly increase in a row. Factory orders rise slows to 0.7% in April.

Euro Zone Inflation Dips to 0.5%

Nigel Thomas
03 Jun, 2014
New York City

The euro zone inflation stayed below 1% for the eighth month in a row as the central bank mulls additional conditional liquidity measures for banks. The inflation index fell to 0.5% rate in May from 0.7% in April, the Eurostat said in Luxembourg today.

Japan Stock Rally Extends to 9th Day on GPIF Report

Hiruki Nakamura
03 Jun, 2014
New York City

Stocks in Japan extended gains for the ninth day in a row and the yen eased. The government pension fund report notes were seen as a boost to Japanese equities. Market indexes in Asia closed higher.

Australia Holds Rates as Current Account Deficit Shrinks

Marcus Jacob
03 Jun, 2014
New York City

Australia left its interest rate at record low 2.5% and current account deficit fell after a surge in iron ore and coal exports in the last quarter. RBA also noted high value of Aussie despite the sharp fall in coal and iron ore prices. Retail sales in April declined 0.2%.

India Movers: Ashok Leyland, Eicher Motors, Tata Motors, Zee

Mukesh Buch
03 Jun, 2014
New York City

Ashok Leyland total sales in May declined 9%. Adhunik Industries net soared 54% on 32% drop in sales. Dr Datsons Labs net loss narrowed. Eicher Motors sales surged 86% and export climbed. Tata Motors total sales plunged 24%.

Broadcom, Conn

Mukesh Buch
02 Jun, 2014
New York City

Conn

Slower Growths in U.S. Construction and Manufacturing Sectors

Nichole Harper
02 Jun, 2014
New York City

Stocks on Wall Street eased after construction spending rose less than expected and a private survey of U.S. manufacturing showed an unexpected slowdown. Markets in Asia closed higher and European markets focused on latest deals.

Alcatel Lucent to Raise

Nigel Thomas
02 Jun, 2014
New York City

Alcatel Lucent plans to issue

Dai-ichi Life Nearing $4.9 Billion Deal with Protective Life

Hiruki Nakamura
02 Jun, 2014
New York City

Stocks in Tokyo advanced after investors looked overseas and the yen eased. Dai-ichi Life Insurance is said to be nearing purchase of the U.S. based Protective Life Corp for at least $4.9 billion.

Australian Indexes Advance Overlooks 4% Drop in Iron Ore Price

Marcus Jacob
02 Jun, 2014
New York City

Australian stocks rebounded and overlooked 4% decline in spot iron ore price. Home prices in capital cities declined 2% in May, the first monthly decline in a year. Ausdrill plunged 11% after the energy industry services provider lowered its annual outlook.

India Auto Sales: Bajaj, Hero, Maruti, M&M, TVS Sales Climb

Mukesh Buch
02 Jun, 2014
New York City

Bajaj Auto sales in May rose 4% and export climbed 40%. Hero Motocorp sales jumped 8%. Maruti sales soared 19% and domestic sales jumped 16% while export surged 51%. M&M sales edged up 1% after domestic sales grew 3% but export declined 30%. TVS sales climbed 27% and export soared 42%.

India Movers: Cox & Kings, Jyoti Structures, NMDC, REI Agro, Uflex

Mukesh Buch
02 Jun, 2014
New York City

Cox & Kings net loss narrowed but sales soared 115%. Jyoti Structures plunged after net swung to a loss. NMDC profit climbed 34% after revenue jumped 18%. REI Agro net swung to a loss. Uflex net soared.

Stocks Pause on Wall Street, Consumer Spending Eases

Nichole Harper
30 May, 2014
New York City

U.S. stocks meandered and consumer spending declined for the first time in a year in April. Consumer sentiment index was revised lower in May. European markets looked ahead to additional monetary stimulus. Resource stocks declined on the second weekly decline in iron prices.

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