Market Update

India Movers: Central Bank of India, Divi

Mukesh Buch
11 Nov, 2013
New York City

CBI net swung to a loss but revenues jumped 10%. Divi

U.S. Movers: Apache, ArcelorMittal, Nvidia, Priceline.com, Walt Disney

Mukesh Buch
08 Nov, 2013
New York City

Apache third-quarter net surged 86% but revenues fell 4%. ArcelorMittal net loss narrowed. Nvidia net plunged 43%. Priceline.com net climbed 40% on 41% surge in sales. Telus net jumped 10%. Walt Disney profit soared 12%. Westar Energy net fell 4%.

Europe Earnings: Allianz, IAG, Rolls-Royce, Total, Telecom Italia

Nigel Thomas
08 Nov, 2013
New York City

Allianz net jumped 5% to

Private Sector Hiring Defies Government Shutdown, Jobless Rate at 7.3%

Nichole Harper
08 Nov, 2013
New York City

Stocks on Wall Street opened higher after private sector added more than expected net new jobs in October. However, most of the job additions are at low wages as retailers

Nikkei and Asian Markets Drop

Hiruki Nakamura
08 Nov, 2013
New York City

Investors in Japan reacted to international news and a sharp fall in Asian markets. Nikkei declined 1% after the latest U.S. growth data increased earlier than expected Fed tapering possibilities.

RBA Lowers Economic Growth Estimate, Aussie Dollar in Focus

Marcus Jacob
08 Nov, 2013
New York City

Australian central bank lowered its economic growth assessment and may step up fight to weaken the dollar. The dollar gained 0.1% after China reported 5.6% increase in exports and 7.6% rise in imports.

India Movers: Eicher, Maruti Suzuki, PNB, Tata Coffee, Titan, Tech Mahindra

Mukesh Buch
08 Nov, 2013
New York City

Dredging Corp net declined 22%. Eicher net surged 63%. Maruti Suzuki October sales fell 6% but net surged 195%. PNB net plunged 53%. Sun TV profit jumped 11%. Tata Coffee net swung to a loss but Titan net rose 3.6%. Tech Mahindra net jumped 5%.

U.S. Growth at 2.8% on Inventories, Surprise Rate Cut in Europe

Nichole Harper
07 Nov, 2013
New York City

U.S. stocks and indexes drifted lower on stretched valuation worries. U.S. economic growth accelerated to 2.8% in the third quarter from 2.5% in the second quarter. Weekly jobless claims declined 9,000 at the end of last week. European Central Bank trimmed benchmark rate to 0.25%.

U.S. Movers: AES Corp, Rockwell, Ralph Lauren, Qualcomm, Whole Foods

Mukesh Buch
07 Nov, 2013
New York City

AES Corp net swung to profit but revenue slid 8%. Calpine net plunged 30%. Rockwell net climbed 10%. Ralph Lauren net dropped 4%. Qualcomm net surged 31% after revenue soared 35%. Whole Foods Market net increased 7% as comparable store sales jumped 6%.

Nikkei Slips; Weak Yen Lifts Earnings at Casio and Toray

Hiruki Nakamura
07 Nov, 2013
New York City

Nikkei in Tokyo edged lower and the yen hovered near its recent lows as more than 300 companies are scheduled to release earnings before the end of the week. Casio Computer Co and Toray Industries Inc were among the few to report higher earnings on weaker yen.

Europe Earnings: Credit Agricole, Deutsche Telekom, Siemens, Swiss Re

Nigel Thomas
07 Nov, 2013
New York City

Credit Agricole group net swung to profit

Australian Unemployment Held at 5.7%, Construction Activities Expand

Marcus Jacob
07 Nov, 2013
New York City

Australian indexes closed lower in heavy trading and the dollar declined as banks closed higher. Unemployment rate in October held at 5.7% as mining and resource sector avoid adding more staff. Grain Corp Limited defended the latest takeover from the U.S. based Archer Daniels Midland.

India Movers: Bajaj Electricals, Info Edge, L&T, Sobha, Thermax

Mukesh Buch
07 Nov, 2013
New York City

Bajaj Electricals won contract worth Rs 757 crore. L&T secured new orders worth Rs 2,309 crore. Parsvnath Developers net declined 28% but Sobha Developers net jumped 13%. Thermax net plunged 67%. Triveni Turbine net declined 46%.

U.S. Stocks Drift Lower After Advance, Rate Decision in Europe in Focus

Nichole Harper
06 Nov, 2013
New York City

Stocks on Wall Street traded lower and investors focused on earnings in the U.S. and Europe. European Central Bank is expected to leave its reference rate unchanged and announce details for the bank stress test.

Toyota Net Soars 70% Lifts Annual Income Estimate

Hiruki Nakamura
06 Nov, 2013
New York City

Stocks in Japan closed higher and the yen remained weak. Toyota reported a surge in profit on weaker yen and lifted its North American unit sales outlook but held its global sales estimate. Quarterly net earnings jumped 70% to 438.4 billion yen or $4.4 billion.