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Market Update

Australian Indexes Fall on Asian Market Weakness

Marcus Jacob
23 Oct, 2013
New York City

Australian markets traded lower after the yen strengthened and market indexes in Japan, China and India declined. Super Retail Group plans to accelerate new store opening next year. Treasury Wine Estates reaffirmed its annual outlook. Ruralco issued cautious profit views.

India Movers: ACC, Cairn India, Gujarat Pipavav, Hero, L&T Finance, Wipro

Mukesh Buch
23 Oct, 2013
New York City

ACC net plunged 51% and Cairn India net soared 46%. Gujarat Pipavav profit surged above four-fold and Hero MotoCorp climbed 9%. Hindustan Zinc net rose 7% after sales surged 25%. Eros profit surged but revenue slid. L&T Finance net jumped and Wipro net climbed 19%.

U.S. Movers: du Pont, EMC, Kimberly-Clark, Lockheed Martin, McGraw

Mukesh Buch
22 Oct, 2013
New York City

Coach net slid 2% and sales fell 1%. du Pont net surged and EMC net dropped 6%. Harley-Davidson net surged 21% and Kimberly-Clark profit jumped 6%. Lockheed Martin net climbed 20%. McGraw Hill tumbled 31% but lifted annual outlook. Whirlpool net surged 165%.

U.S. Employers Add 148,000 Jobs, Unemployment Rate Falls to 7.2%

Mukesh Buch
22 Oct, 2013
New York City

Employers at all levels added net new 148,000 jobs in September, according to a report released by the Department of Labor today. The report was delayed by two and a half week by the government shut down that began October 1.

S&P 500 Index Likely to Surpass Best Gains in a Decade

Nichole Harper
22 Oct, 2013
New York City

Stocks on Wall Street extended gains and are likely to surpass the advances in 2009 and 2003. Employers added net new 148,000 jobs in September and unemployment rate declined to 7.2%. Construction spending increased in August despite a fall in federal spending.

Nikkei in Tokyo Gains, Nisshin Fudosan Soars 13% on Profit Outlook

Hiruki Nakamura
22 Oct, 2013
New York City

Stocks in Tokyo rose for the second day and the yen weakened against the dollar. Nisshin Fudosan Co soared 13% after the developer lifted its profit outlook. More than 600 companies are expected to release earnings in the next ten days.

Europe Earnings: Dart Group, Reckitt Benckiser, Telekom Austria, Whitbread

Nigel Thomas
22 Oct, 2013
New York City

Dart Group expects profit-before-tax to jump 37%. KPN third-quarter net swung to a loss

India Movers: Dewan Housing, Indiabulls, Polaris, Tata Steel, Yes Bank

Mukesh Buch
22 Oct, 2013
New York City

Dewan Housing net surged 50% after sales rose 43%. Indiabulls net soared and net debt jumped. JK Lakshmi Cement net plunged 80%. Polaris Fin Tech is likely to be acquired by L&T Infotech. Tata Steel secured contract from UK-based Network Rail for five years. Yes Bank net climbed 21%.

Australian Indexes Extend Gains, BHP Lifts Iron Ore Production Estimate

Marcus Jacob
22 Oct, 2013
New York City

Australian market indexes gained for the second day in a row. BHP Billiton lifted its iron ore production guidance by 2.4%. Mirvac Group reaffirmed its annual operating earnings outlook. Oil Search said third-quarter net dropped 14%.

AT&T in $4.8 Billion Tower Deal, JP Morgan Agrees to Record $13 Billion Fine

Nichole Harper
21 Oct, 2013
New York City

AT&T agreed to sell and lease its 9,700 cell phone towers to Crown Castle for $4.85 billion. The deal will strengthen telecom carrier

U.S. Movers: A. O. Smith, Gannett, Halliburton, McDonald's, V.F. Corp

Mukesh Buch
21 Oct, 2013
New York City

A. O. Smith net soared 25% after sales jumped 16%. Gannett net plunged 40%. Halliburton net climbed 17% as revenue rose. McDonald''s net jumped 5%. Tellabs agreed to acquire by Marlin Equity for $891 Million. V.F. Corp net soared 14%.

Earnings Optimism Lifts Nikkei, September Trade Deficit of $9.5 Billion

Hiruki Nakamura
21 Oct, 2013
New York City

Market indexes traded higher and the yen weakened for the second day in a row. Exports rose less than expected 11.5% and imports soared 16.5% resulting in trade deficit of $9.5 billion in September. Furukawa battery soared 10% on higher net income outlook.

Australian Indexes at a New 5-Year High

Marcus Jacob
21 Oct, 2013
New York City

Australian market indexes advanced and the dollar advanced. Woodside Petroleum third quarter energy production dropped 17% and revenues fell 27%. RHG jumped 1% after it accepted revised takeover offer from Resimac.

Europe Earnings: Akzo Nobel, Balfour Beatty, G4S, Philips, Sap, Tesco

Nigel Thomas
21 Oct, 2013
New York City

Akzo Nobel profit soared 41% but sales dropped 5%. Balfour Beatty won contract of

India Movers: Asian Paints, HDFC Bank, L&T, M&M Fin, UltraTech

Mukesh Buch
21 Oct, 2013
New York City

Asian Paints net climbed 37% as sales jumped 19%. Alstom secured contract worth 105 crore rupees. Crisil net surged 96%. Gujarat State Petronet net plunged 42%. HDFC Bank net jumped 10%. L&T net dropped 14%. M&M Financial Services profit surged 20%.