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Market Update

U.S. Weekly Jobless Claims Decline, CPI Rises 0.2%

Nichole Harper
15 Aug, 2013
New York City

U.S. market indexes declined after Cisco and Wal-Mart earnings some investors. Weekly jobless claims dropped to the lowest since October 2007 and consumer price index in July increased at a modest pace of 0.2%.

Volatility in Tokyo Trading Jumps on Thin Volume

Hiruki Nakamura
15 Aug, 2013
New York City

Volatile market indexes plunged in Tokyo in thin trading after finance minister Aso confirmed that corporate tax rate is not likely to be overhauled. The yen strengthened and trading volume on stock exchanges dropped near the yearly low. Gree soared after quarterly results.

Australian Indexes Struggle, Wesfarmers to Return $579 Million

Marcus Jacob
15 Aug, 2013
New York City

Australian market indexes traded sideways and trading volume increased. Retail and resource sector conglomerate Wesfarmers Limited said full-year net income increased 6.3% and $579 million capital return to shareholders. The wealth manager AMP Limited said first-half net increased 6%.

U.S. Movers: Cisco, Kohl

Mukesh Buch
15 Aug, 2013
New York City

Cisco net soared 18% as revenue jumped. Kohl

Europe Earnings: Cineworld, H & M Hennes, Oriflame, Zurich Insurance

Nigel Thomas
15 Aug, 2013
New York City

Cineworld profit surged as sales soared 22%. H & M Hennes said comparable sales in July slid 1%. Oriflame Cosmetics plunged 27%. Ophir Energy net loss in the first-half narrowed. Zurich Insurance profit slid 17% to $1.85 billion.

Market Indexes Extend Decline on Cautious Economic Outlook

Nichole Harper
14 Aug, 2013
New York City

U.S. indexes traded lower and wholesale price index was unchanged in July and core price index increased 0.1%. Gold price increase 0.9%. Apple Inc extended 3-day rally to 11% after Carl Icahn announced a stake of $1 billion. Steinway Musical agreed to go private for $512 million.

Tokyo Indexes Advance on 2% Decline in Yen, Real Estate Developers in Focus

Hiruki Nakamura
14 Aug, 2013
New York City

Market indexes in Tokyo increased for the second day in a row. The yen declined 2% and traded above 98 against one dollar. Recruit Holdings acquired the largest executive search company in India. Australian franchise of Domnio

Australian Wage Index Up 0.7%; Commonwealth Bank, CSL, Carsales Net Up

Marcus Jacob
14 Aug, 2013
New York City

Australian indexes closed lower in below average trading. Wage price index increased 0.7% in the second quarter to June and rose 3% from a year ago. Carsales.com Limited lifted its annual profit outlook by 17%. CSL Limited first-half net increased 19%.

U.S. Movers: Cree, Deere, Macy

Mukesh Buch
14 Aug, 2013
New York City

Cree net and revenue surged. Deere net soared 52%. Macy

Europe Earnings: BMW, Interservec, Rentokil, Thyssenkrupp

Nigel Thomas
14 Aug, 2013
New York City

BMW climbed 9% to

India Movers: BPCL, Escorts, Essar, HDIL, SAIL, Tata Steel, Tata Motors

Mukesh Buch
14 Aug, 2013
New York City

BPCL net swung to profit. Escorts net surged and sales climbed. Essar Oil quarterly loss narrowed. HDIL net and revenue plunged but LIC Housing net and revenue jumped. SAIL net declined 35% as revenue dropped. Tata Steel net soared 91%. Tata Motors net plunged 23%.

U.S. Challenges American-U.S. Air Merger, Ackman Quits Penney Board

Nichole Harper
13 Aug, 2013
New York City

U.S. indexes reversed early losses. Retail sales gained for the fourth month in a row. Bill Ackman resigned from J.C. Penney

Nikkei Soars 2.6% on Weaker Yen and of Lower Corporate Tax Rate Prospect

Hiruki Nakamura
13 Aug, 2013
New York City

Nikkei index in Tokyo traded surged 2.6% on the speculation that Prime Minister Shinzo Abe may cut corporate tax rate. The yen edged 0.7% lower. June core machinery orders fell less than expected 2.7%.

Australian Indexes Advance, Domino's to Acquire Japanese Unit

Marcus Jacob
13 Aug, 2013
New York City

Australian stocks closed higher on the back of a surge in banking and resources stocks. The pizza delivery company Domino

U.S. Movers: Buckeye, Flowers Foods, InterOil, Insys, Sina, Valspar

Mukesh Buch
13 Aug, 2013
New York City

Buckeye net plunged 36%. Flowers Foods profit surged 64% as sales soared 32%. InterOil net loss in the quarter narrowed. Sina said net in the quarter swung to a loss. Valspar net edged up. USA Compression net surged to $2.4 billion.