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Nikkei Eases After Reaching Six-Week High, Chugai in Focus

Hiruki Nakamura
22 Oct, 2015
New York City

Stocks in Tokyo stepped back after the Nikkei reached to a six-week high at the close of yesterday. Chugai Pharmaceutical said nine-month sales increased 10% and net soared 20% and said full-year sales are expected to rise 5.5%. SPK Corp was halted after the release of first-half results.

Aussie Dollar Edges Lower After CBA Lifts Variable Mortgage Rate

Marcus Jacob
22 Oct, 2015
New York City

Australian market indexes gained but the Aussie dollar edged lower after the largest bank in the nation, CBA, lifted variable home mortgage rate by 15 basis points. Santos Ltd rejected a highly conditional purchase offer. Wesfarmers said first-quarter food and liquor sales rose 4.7%.

U.S. Movers: 3M, Dow, Eli Lilly, EQT, McDonald's, Union Pacific, W. R. Grace

Mukesh Buch
22 Oct, 2015
New York City

3M jumped after announcing a restructuring plan. Dow profit surged but revenues plunged 16%. Eli Lilly net soared 60% and lifted earnings outlook. McDonald''s net surged 23% but sales dropped 5%. Parker-Hannifin revenues and net declined. Raytheon net fell.

Daimler Net Plunges 14%, Deutsche Wohnen Rejects

Nigel Thomas
22 Oct, 2015
New York City

Daimler profit tumbled 14% but revenues soared 13%. Orange revenues jumped 5%. Deutsche Wohnen for the second time rejected

S&P 500 Drops on Another Dive in Crude Oil

Nichole Harper
21 Oct, 2015
New York City

Stocks on Wall Street struggled after mixed earnings report and energy complex drifted lower after a weak weekly inventory report. Crude oil plunged to a three-week low. The $30 billion worth of two deals in technology hardware brought KLA and Lam Research and Western Digital and SanDisk together.

KLA and Lam and Western Digital and SanDisk in $30 B Deals

Mukesh Buch
21 Oct, 2015
New York City

KLA-Tencor agreed to be acquired by Lam Research for $10.6 billion. Western Digital agreed to acquire SanDisk for $19 billion. Abbott net jumped 8%. Boeing profit surged 25%. GM reported flat profit. Kimberly Clark revenues and profit plunged. Coca-Cola net declined 31%.

Credit Suisse Net Tumbles, Fiat Chrysler set $52 for Ferrari IPO

Nigel Thomas
21 Oct, 2015
New York City

Credit Suisse profit tumbled 24% on 8% decline in revenues and plans to raise 6 billion Swiss francs through new shares. Pearson plunged on weak sales numbers. Fiat Chrysler announced pricing of initial public offering. Sky operating profit in the quarter soared 10%.

Nikkei Soars 1.9%, Trade Deficit Plunges in September

Hiruki Nakamura
21 Oct, 2015
New York City

Nikkei average in Tokyo jumped 1.9% to a six-week high after exports in September rose less-than-expected stoking the speculation of another round of stimulus from the government. Nidec Corp soared after reporting better-than-expected sales and lifted annual sales outlook.

BHP Iron Ore Production Growth Supports Australian Indexes Advance

Marcus Jacob
21 Oct, 2015
New York City

Australian market indexes gained and the Aussie dollar hovered below 73 U.S. cents. BHP Billiton reported iron ore production in fiscal first-quarter soared 7% to a record high. Sydney Airport said September traffic increase was driven by a sustained increase of tourists from India and China.

HDFC Bank Net Jumps 21%, Hero and Bajaj Sales Struggle

Mukesh Buch
21 Oct, 2015
New York City

HDFC Bank said quarterly profit jumped 21%. Bajaj Auto and Bajaj Finserv net surged. ACC net declined 40%. Everest Ind net swung to a loss. Hero MotoCorp net rose 1% but revenues fell 2%. Mphasis profit surged 22%.

BNY Mellon, United Tech, Verizon Jump; Amsurg, Harley-Davidson, IBM Fall

Mukesh Buch
20 Oct, 2015
New York City

Yum! Brands plans to spin off its China operation. Team Health rejected takeover proposal from Amsurg. IBM revenues declined. BNY Mellon profit and revenues plunged. Harley-Davidson net declined. Lockheed Martin lifted sales forecast. United Technologies net tumbled.

Deutsche Bank Transfers $6B in Error; Swedbank, Whitbread Profit Soar

Nigel Thomas
20 Oct, 2015
New York City

Deutsche Bank

Hindustan Zinc, Bajaj Fin, GRUH Fin Net Soar; Gati Net Falls

Mukesh Buch
20 Oct, 2015
New York City

Hindustan Zinc said quarterly profit rose 5%. State Bank of Bikaner net surged 52% but gross non-performing assets remained above 4%. Bajaj Finance quarterly revenues increased 37%. Can Fin Homes net soared 91%. GRUH Finance net Jumped 20%. Gati net fell 17%.

Nikkei Extends Gains Ahead of Trade Data

Hiruki Nakamura
20 Oct, 2015
New York City

Nikkei in Tokyo closed higher and awaited international traded data tomorrow. Aeon Co reported first-half sales soared 19%. Genky Stores said estimated annual sales to increase 20% and net income to rise 7%.

In Sydney Trading Brambles, Cochlear and Newcrest in Focus

Marcus Jacob
20 Oct, 2015
New York City

Australian market indexes closed down and the Aussie dollar held firm in active trading. Brambles Limited raised $500 million through a bond offering. Cochlear Limited reaffirmed its annual earnings outlook. Newcrest Mining said gold production in third-quarter declined 13%.

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