Market Update

Europe Earnings: Eni Profit Soars; Fiat and Volkswagen Net Plunge

Nigel Thomas
30 Oct, 2013
New York City

Eni profit surged 62% but revenue declined 7%. Fiat net plunged 7% and lowered fiscal outlook. Chrysler quarterly loss narrowed. Next brand sales in the quarter climbed 4%. Standard Life declined after net inflows plunged 54%. Volkswagen profit tumbled 84% to

India Movers: Alstom, GAIL, Grasim, Havells, Pidilite, PVR, Tata

Mukesh Buch
30 Oct, 2013
New York City

Alstom India net plummeted 49% as revenue dropped. GAIL reduced its stake in China Gas. Grasim net tumbled 27%. Havells India net surged 45%. JSPL net plunged 50%. Pidilite profit jumped 24%. Tata Communications surged after net swung to profit.

U.S. Movers: Aetna, Air Products, Apple, Cummins, Pfizer, Thomson Reuters

Mukesh Buch
29 Oct, 2013
New York City

Aetna net grew 4% after sales surged 46%. Air Products net slid 1%. Apple net dropped 9% but revenue jumped 4%. Cummins plunged after net edged up. Johnson Controls net swung to profit. Pfizer jumped 19% and Thomson Reuters net plunged 38%.

Europe Earnings: BP Net Tumbles 33%, UBS Swings to Profit

Nigel Thomas
29 Oct, 2013
New York City

BP profit tumbled 33% but revenue jumped 5%. John Wood won a two-year contract from Royal Dutch Shell. Lloyds Banking net loss widened to

U.S. Home Price Index Rises, Retail Sales Lag on Weak Auto Sales

Nichole Harper
29 Oct, 2013
New York City

U.S. indexes wavered after total retail sales declined on weak auto sales. Metropolitan home price index rose across all 20 large cities and prices in Las Vegas jumped the most in several years. San Francisco home price increase continued as tech sector employment rises.

Regulators Target Japanese Banks, Nomura Net Surges

Hiruki Nakamura
29 Oct, 2013
New York City

Japanese regulators step up investigation of large banks to scrutinize lending practices and financial controls in place to prevent lending to criminal group. Regulators forced our chairman of Mizuho Bank and penalized 52 current and past executives. Nomura reported sharp jump in profit.

Record Profits at ANZ, Kirin Acquires Strategic Stake in WCB

Marcus Jacob
29 Oct, 2013
New York City

Australian market indexes declined in the afternoon and dollar fell after negative comments from RBA Governor Glenn Stevens. ANZ reported fifth annual earnings increase in a row and stock closed at a record high. Kirin has acquired a blocking stake in WCB.

India Movers: DCM Shriram, SRF Net Drop, Maruti Suzuki Profit Jumps

Mukesh Buch
29 Oct, 2013
New York City

DCM Shriram net tumbled 95%. Jindal Stainless net loss in the quarter widened. JSW Steel net swung to a loss. Maruti Suzuki net surged 195%. NOCIL net slid. SRF net declined 37%. Shriram Transport net fell.

U.S. Movers: AMC Networks, Biogen, Consol Energy, Merck, Loews, Roper

Mukesh Buch
28 Oct, 2013
New York City

AMC Networks agreed to acquire division of Liberty Global for $1 billion. Biogen net and revenue surged. Consol Energy to sell its five of its coal mines for $3.5 billion. Merck net declined 23% and Loews net soared 17%. Sohu.com net swung to a loss.

Europe Earnings: Aggreko, Balfour Beatty, G4S, BAE Systems, Vivendi

Nigel Thomas
28 Oct, 2013
New York City

Aggreko jumped after third-quarter outlook. Balfour Beatty secured defense contracts worth

4th Monthly Decline in Existing U.S. Home Sales, Factory Output Growth Slows

Nichole Harper
28 Oct, 2013
New York City

Stocks on Wall Street were nearly unchanged and earnings were in focus. One euro fetched $1.37 and oil and gold advanced. Existing home sales declined for the fourth month in a row. Output at factories increased 0.1% in September from revised 0.5% gain in August.

Nikkei Rebounds 2.2%, Toyota Leads Global Auto Sales

Hiruki Nakamura
28 Oct, 2013
New York City

Stocks in Tokyo gained and the Nikkei index soared 2.2%, a rebound from Friday losses. The yen weakened to 97.60 against one dollar. Toyota and its subsidiaries sold 2.5 million vehicles in third quarter, surpassing 2.4 million sold by General Motors.

Australian Stocks Jump, Banks in Focus Ahead of Earnings

Marcus Jacob
28 Oct, 2013
New York City

Australian stocks gained and the ASX 200 index added 1%. Banks were in focus ahead of earnings and stocks jumped near record territory on the expectations of higher earnings.

India Movers: Colgate Net Declines 25%, Dabur Profit Surges 23%

Mukesh Buch
28 Oct, 2013
New York City

Ajanta Pharma net surged 155% after revenue soared. Colgate-Palmolive net declined 25% as sales dropped 16%. Dabur profit surged 23%. JSW Energy net plunged 36%. Just Dial profit jumped 98% on sales increase of 29%. Neyveli Lignite net plunged 28%.

U.S. Movers: AbbVie, Microsoft, Moody

Mukesh Buch
25 Oct, 2013
New York City

Amazon sales topped estimates. Microsoft net surged 17% and revenue jumped 16%. Moody