ticker

U.S. Service Sector Growth Accelerates, World Markets on Defensive

Nichole Harper
05 Aug, 2013
New York City

U.S. stocks rebounded after the service industry expanded at the fastest pace in five months. Berkshire Hathaway increased after reported higher than expected quarterly net. European markets closed flat and Asian markets were on the defensive.

Nikkei Falls 1.4% on Cautious Outlook from Toyota and Rising Yen

Hiruki Nakamura
05 Aug, 2013
New York City

Stocks in Tokyo halted a 2-day rally and the Nikkei index fell 1.4% as the yen gained. Investors sold stocks after weaker-than-expected U.S. jobs report on Friday and Toyota issued a cautious outlook despite a near record profit. Casio Computer quarterly net rose 31%. Hitachi Zosen net loss widened.

Flat Retail Sales in Australia, Stocks Fall Ahead of Rate Decision Tomorrow

Marcus Jacob
05 Aug, 2013
New York City

Australian stocks ended a 10-day rally in thin trading ahead of rate decision tomorrow. Retail sales were flat in June and service industry index dropped to a low. Virgin Australia estimated annual loss of $110 million.

India Movers: BHEL, Bajaj, Coal India, Godrej, Grasim, Idea, Tata

Mukesh Buch
05 Aug, 2013
New York City

BHEL net declined 50% and Bajaj Auto net rose 3%. Coal India profit plunged 17%. Godrej net profit jumped 7% but Grasim net dropped 15%. Power Finance net climbed 23%. Tata Chemicals net profit plunged 30.1%.

More Uncertainty in Italy After Berlusconi Conviction; AXA, RBS, MAN in Focus

Nigel Thomas
02 Aug, 2013
New York City

European markets eased the euro gained fractionally after the U.S. added less than expected jobs in July. Italian Prime Minister Berlusconi was convicted by the highest court for tax fraud. RBS swung to net profit in first-half.

U.S. Movers: AIG, Chevron, Dell, LinkedIn, Viacom

Bikram Pandey
02 Aug, 2013
New York City

AIG announced quarterly dividend of 10 cents a share. Dell lifted its buyout offer. Chevron reported lower net. LinkedIn surged 10% after quarterly sales rose 59%. Viacom soared 6% after cable network operator expanded stock buyback program.

Smaller Increase in U.S. Payrolls, Jobless Rate Falls to 7.4%

Nichole Harper
02 Aug, 2013
New York City

Stocks on Wall Street eased a day after record levels in widely followed indexes. U.S. employers added less than expected jobs in July and June gains were revised downward. Asian markets tracked New York gains and closed higher. European markets eased.

Nikkei Surges 3.3%, Toyota Sales Rise 14%

Hiruki Nakamura
02 Aug, 2013
New York City

Stocks in Japan surged and the Nikkei advanced 3.3% as real estate and financial companies led the advance. The yen declined 1.3% and after the close Toyota reported 14% rise in sales and net jumped nearly 90%.

Australia Estimates Higher Deficit and Slower Economic Growth

Marcus Jacob
02 Aug, 2013
New York City

Australian indexes soared 1.1% tracking gains in international markets. Labor government revised fiscal year deficit to rise to $30 billion and economic growth to slow to 2.5% and unemployment to surge to 6.25%.

European Rates on Hold, Broad Advance in European Indexes

Nigel Thomas
01 Aug, 2013
New York City

European markets advanced after the European Central Bank and Bank of England left key rates unchanged. A private survey of manufacturing sector showed a slight growth. Royal Dutch Shell earnings fell unexpectedly. BMW issued cautious outlook. Sanofi estimated larger decline in earnings.

Wall Street Rally Lifts World Markets, Jobless Claims Fall

Nichole Harper
01 Aug, 2013
New York City

U.S. stocks jumped on the first day of August as financial, industrial and consumer sector stocks led the advance. Weekly jobless claims declined more than expected and manufacturing sector advanced. Construction spending weakened. European central banks left rates unchanged.

U.S. Movers: Allergan, Allstate, CBS, MetLife, P&G, Time Warner Cable

Mukesh Buch
01 Aug, 2013
New York City

Allergan sales rose 10% and net surged 22%. Allstate net grew 3%. CBS net climbed 11% as revenue jumped 12%. MetLife revenue surged but net declined. Procter & Gamble net plunged 48%. Time Warner Cable net jumped 6%.

Europe Earnings: AstraZeneca, Aggreko, Abertis, Lloyds, Shell

Nigel Thomas
01 Aug, 2013
New York City

AstraZeneca revenue and profit declined. Aggreko profit-before-tax for the first-half slid 3% to

Nikkei Soars 2.5% on China Manufacturing Data and Earnings Releases

Hiruki Nakamura
01 Aug, 2013
New York City

Stocks in Tokyo soared after short sellers covered positions and earnings announcements picked up momentum. The official read on Chinese manufacturing showed slight expansion. Mitsubishi UFJ and Mizuho are the two latest banks reporting higher earnings. Sony sales rose on weaker.

Australian Dollar Drops to 3-Year Low on Mild Inflation Index Data

Marcus Jacob
01 Aug, 2013
New York City

Australian indexes gained after home prices rose for the second month in a row in July. The dollar dropped to a 3-month low after consumer price index increased at a slower pace of 0.6% in the second quarter. Australian manufacturing industry showed a shrinkage in July.

Market Update