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Australian Unemployment Rate Rises to 5.8%, Participation Falls to 65%

Marcus Jacob
12 Sep, 2013
New York City

Australian look ahead to interest rate decision at the next meeting of policy makers after employment in August month declined 10,800. The broad weakness across many industries lifted hopes of another rate cut and labor participation rate declined to 65%.

U.S. Stocks Rebound After Morning Doldrums, Verizon Launches $49 B Offering

Nichole Harper
11 Sep, 2013
New York City

U.S. market indexes traded sideways and rebounded in the early afternoon. Weakness in Apple dragged S&P 500 index lower. Verizon launched $49 bond offering to pay for the remaining stake in its wireless unit. Xoom Corp trades higher after it completed its secondary offering.

Flat Nikkei at Close Scales Back from 7-Week Intra-Day High

Hiruki Nakamura
11 Sep, 2013
New York City

Market indexes in Tokyo closed nearly flat and the yen weakened. NTT DoCoMo announced its plan to offer popular iPhone gadgets from Sept 20 to halt market share slide. Retail investors stay focused on real estate companies.

Europe Earnings: Barratt, Kingfisher, Sports Direct, Tesco, Thorntons

Nigel Thomas
11 Sep, 2013
New York City

Home builder Barratt said profit jumped 11% on rising housing demand. Ithaca Energy surged on positive oil field test results. Kingfisher profit soared 70% and Sports Direct profit climbed 23%. Tesco agreed to sell its U.S. based 150 Fresh & Easy stores for up to

Australian Market Indexes at 5-Year High

Marcus Jacob
11 Sep, 2013
New York City

Australian market indexes closed at a 5-year after a batch of positive economic data from China and consumer confidence index gained locally. The Australian dollar firmed. Charter Hall agreed to buy Perth based shopping center from Westfield for $225 million.

U.S., World Markets Advance on Chinese Data and Easing Syria Worries

Nichole Harper
10 Sep, 2013
New York City

Stocks on Wall Street gained and S&P 500 index advanced for the sixth day in a row after concerns about military strike against Syria eased and China reported another batch of positive economic data. Market indexes in Europe and Asia soared and crude oil eased more than $2 a barrel.

U.S. Movers: Crocs, Five Below, HD Supply, PVH, Neurocrine, Twitter

Mukesh Buch
10 Sep, 2013
New York City

Crocs lowered its third quarter revenue outlook. Five Below surged after net swung to profit as sales soared 35%. HD Supply plunged after quarterly net loss widened. PVH net swung to a loss of $16 million but revenue climbed 47%. Twitter buys MoPub for $300 million.

Australian Markets Participate in Asian Rally

Marcus Jacob
10 Sep, 2013
New York City

Australian stocks closed higher and business confidence index gained in anticipation of election results. Tabcorp won an extension of a gambling license for 20 years. Santos acquired 60% stake in a wet gas project and committed investment to accelerate commercialization.

Europe Earnings: Ashmore, Glencore, Jaguar, Neste Oil, Whitbread

Nigel Thomas
10 Sep, 2013
New York City

Ashmore jumped after fiscal year update. Amiad Water dropped after profit slid. Glencore raised its estimate of synergies to $2 billion from Xstrata takeover. Jaguar plans to invest

Neiman Marcus in $6 Billion Deal, Molex Accepts $7.2 Billion Bid

Nichole Harper
09 Sep, 2013
New York City

Market indexes in New York gained after three large deals were announced today. Neiman Marcus agreed to be sold for $6 billion. Billionaire Koch Brothers agreed to buy Molex for $7.2 billion. Glaxo sold its nutrition drinks business to Japan based Suntory for

U.S. Movers: AEP Ind, Delta Air Lines, Hi-Tech Pharmacal, Hovnanian, Koch

Mukesh Buch
09 Sep, 2013
New York City

AEP Industries net tumbled 85%. Delta Air Lines to replace BMC Software in the S&P 500 index. Hi-Tech Pharmacal profit declined 24%. Hovnanian net plunged 76%. Koch will acquire Molex for $7.2 billion in cash. Stewart Enterprises net dropped 14%.

Nikkei Soars 2.5%, Tokyo to Host 2020 Olympic Games

Hiruki Nakamura
09 Sep, 2013
New York City

Nikkei index in Tokyo soared after Tokyo was selected to host summer 2020 Olympic Games. Real estate companies led the advance of 2.5% in the Nikkei. Japan revised higher second quarter economic growth to an annual rate of 3.8% and the yen declined 0.6%.

Europe Earnings: BG Group, Christian Dior, Glaxo, IGas, Munich Re

Nigel Thomas
09 Sep, 2013
New York City

BG Group declined after energy explorer lowered 2014 production estimates. Christian Dior may buy back as much as 550,000 shares. Epistem plunged 17% on weak fiscal outlook. Glaxo sells its two brands to Japan based Suntory Beverage for

Australian Stocks Close Higher, Labor Party Voted Out

Marcus Jacob
09 Sep, 2013
New York City

Australian stocks participated in a regional rally a day after the nation elected new party and a new leader to govern the nation. Australian dollar was firm and business leaders voiced optimism about the scraping of carbon tax. Total home loans issued increased 2% in July.

U.S.Labor Data Signals Jobless Recovery, Syria Skepticism Persists

Nichole Harper
06 Sep, 2013
New York City

U.S. indexes advanced after choppy trading. U.S. employers added 169,000 net new jobs in August but June and July monthly increase were revised lower. Unemployment rate fell to 7.3%. World leaders are skeptical about the U.S. allegations and military strike preparations.

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