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Market Update

Australian Budget Focuses on Debt Reduction, Stocks Flat

Marcus Jacob
14 May, 2014
New York City

Australian government focused on increasing taxes, cutting spending and repaying debt in the latest federal government budget. Stock market indexes closed nearly unchanged. A private measure of consumer confidence index declined to the lowest in six years.

Europe Earnings: Airbus, Monte dei Paschi, easyJet, ThyssenKrupp, UniCredit

Nigel Thomas
13 May, 2014
New York City

Airbus profit climbed 93% to

Sensex in India Extends 3-day Rally

Devan Biswas
13 May, 2014
New York City

Market indexes in Mumbai extended surge for the third day in a row and the Sensex index closed at a record high on the expectations that the Narendra Modi led BJP and the NDA alliance will be able to form a stable government as early as next week.

S&P 500 Index Extends to Intra-day Record 1,900

Nichole Harper
13 May, 2014
New York City

U.S. indexes extended gains and Asian and European markets advanced following indexes record in yesterday

Indexes in Japan and Asia Extend Gains; Eisai, NTT, Osaka Gas in Focus

Hiruki Nakamura
13 May, 2014
New York City

Nikkei and Topix indexes in Tokyo gained and the yen strengthened on record levels in indexes in overnight trading in New York. Eisai Co said annual sales gained 4.7% but net income plunged 32%. NTT Corp annual revenues rose 2% and net gained 31%. Osaka Gas annual net tumbled 20%.

Australian Home Loans Fall 1.1%, ASX Index Rebounds

Marcus Jacob
13 May, 2014
New York City

Australian stocks gained and the Aussie dollar traded at elevated level. Seasonally adjusted home loans in March declined 1.1% but home prices across capital cities increased 1.7%. PanAust Limited rejected a takeover from a China controlled investment company.

India Movers: BOB, Castrol, Dr. Reddy's, Finolex, PNB, Torrent

Mukesh Buch
13 May, 2014
New York City

Bank of Baroda net and revenue climbed. Castrol net plunged 19% but sales rose. Dr. Reddy''s net declined 16% after revenue flat. Finolex profit tumbled 29% but sales soared 33%. Just Dial profit climbed 60%. PNB net plunged. Torrent Power net surged six-fold.

Sensex at Record on Hopes for BJP Led Alliance in India

Bikram Pandey
12 May, 2014
New York City

Market indexes in Mumbai soared 5.5% in two days of trading after investors speculated BJP led alliance is likely to form the most stable government in three decade.

Gogo, Repros Therapeutics Jump; Bridgepoint Plunges

Mukesh Buch
12 May, 2014
New York City

Allergan rejected unsolicited proposal of $46 billion from Valeant Pharma. Bridgepoint Education plunged on quarterly net loss. Gogo surged after net loss narrowed. Hillshire Brands agreed to acquire Pinnacle Foods for $4.23 billion. MannKind net loss widened.

Hillshire to Buy Pinnacle Foods for $4.3 B, Allergan Rejects Valeant Offer

Devan Biswas
12 May, 2014
New York City

Hillshire Brands agreed to acquire Pinnacle Foods for $4.3 billion in cash and stock. Including the debt, the deal is valued at $6.6 billion. Separately, Allergan board rejected Valeant Pharmaceutical unsolicited offer of $50 billion.

S&P 500 at New Record on Monday Deals

Nichole Harper
12 May, 2014
New York City

Tech stocks led the S&P 500 index to a new high and deal news dominated Monday trading. Allergan rejected Valeant Pharmaceutical unsolicited offer. Hillshire Brands agreed to acquire Pinnacle Foods for $4.3 billion.

BSkyB, 21st Century Fox Talk Deals; Carphone, Dixon to Merge

Nigel Thomas
12 May, 2014
New York City

Alstom secured a

Record Low Current Acocunt Surplus in Japan

Hiruki Nakamura
12 May, 2014
New York City

The Ministry of Finance said Japan

Yen in Tokyo Gains; Astella, Nissan, Olympus, Toyo Fire & Rubber

Hiruki Nakamura
12 May, 2014
New York City

Japan

Thin Trading in Australia, G8 Education Raises $150 Million in Singapore

Marcus Jacob
12 May, 2014
New York City

Australian indexes eased and the Aussie dollar gained. Dart Energy soared 28% on a takeover offer. G8 Education completed deft offering of $150 million in Singapore. Kimberley plunged 41%.