ticker

European Markets Extend Gains, Hungarian Construction Soars 12%

Nigel Thomas
15 Jul, 2013
New York City

Market indexes in Europe extended gains of last week but trimmed early advance. Resource and commodities linked companies gained after China

China's Growth Slows to 7.5%, Industrial Production Slowest Since 2009

Devan Biswas
15 Jul, 2013
New York City

Economic growth in the second quarter to June slowed to 7.5% after government cracked down on construction activities and also exports slowed. Industrial production slowed to 8.9%, slowest since 2009.

U.S. Retail Sales Rise 0.4%, Stocks Drift Lower

Nichole Harper
15 Jul, 2013
New York City

U.S. stocks drifted lower after retail sales were lower than expected and China reported economic expansion of 7.5%. Industrial production in China increased 8.9%, slowest since 2009. Metal prices rose and energy prices traded higher.

Australian Auto Sales Rise 4%, Stocks Higher on China GDP Growth of 7.5%

Marcus Jacob
15 Jul, 2013
New York City

Australian stocks closed higher and auto sales in June rose to a record high and China met economic growth expectations laid out by the government. RHG Limited accepted a revised offer from Resimac. Precious and base metals prices rose.

U.S. Consumer Confidence Index Falls; JPMorgan and Wells Fargo in Focus

Nichole Harper
12 Jul, 2013
New York City

Stocks in New York traded sideways after JPMorgan Chase reported higher than expected earnings and Wells Fargo earnings soared 19%. Consumer confidence index declined unexpectedly in July. Gold and oil advanced.

U.S. Movers: JPMorgan, United Parcel, Webster Financial, Wells Fargo

Mukesh Buch
12 Jul, 2013
New York City

Bank of the Ozarks second quarter net jumped 7% and Independent Bank net grew 4%. JPMorgan net soared and credit card sales climbed. United Parcel drooped on weak earnings outlook. Wells Fargo net surged 19% to $5.3 billion and deposits reached to $1 trillion.

Europe Earnings: Balfour, Invensys, Phoenix Group

Nigel Thomas
12 Jul, 2013
New York City

Balfour signed contract with Sydney Water valued

Nikkei Struggles to Reach 7-Week High, Fast Retailing Plunges 6%

Hiruki Nakamura
12 Jul, 2013
New York City

Nikkei in Tokyo struggled to find a direction in trading after yen weakened and Fast Retailing missed operating profit estimate. Asian markets were under pressure after finance minister in China lowered growth estimate.

India Movers: Cera, Infosys, IVRCL, Kalindee, RCapital, Sintex

Mukesh Buch
12 Jul, 2013
New York City

Cera Sanitaryware sales and profit climbed. Infosys revenue jumped but net slid 0.8%. IVRCL secured new orders worth $150 million. Kalindee Rail received open offer from Jupiter Metal to acquire the stake. Reliance Capital gross written premium jumped 25%. Sintex sales jumped.

Australian Rally Extends Gain to Fourth Day, WorleyParsons in Focus

Marcus Jacob
12 Jul, 2013
New York City

Australian stocks rose for the fourth day in a row and extended gains in the second week in a new financial year on gains in resource stocks. Market indexes weakened in the afternoon after finance minister in China lowered growth expectations. WorleyParsons won a contract from Sasol North America.

U.S. and World Markets Rally on Bernanke Comments

Nichole Harper
11 Jul, 2013
New York City

U.S. stocks traded higher after Fed Chairman Bernanke comments. Stocks, bonds, metals and energy prices gained after a rally in world markets. Fewer homes entered foreclosure process in June. SEC lifted an 80-year ban on advertising restrictions on hedge funds seeking private investments.

Nikkei Edges Up, BoJ Left Policy Intact

Hiruki Nakamura
11 Jul, 2013
New York City

Markets in Tokyo and Asia were supported by positive reassurances from the U.S. Fed Chairman Bernanke. Bank of Japan left its monetary policy intact after a 2-day meeting. Photocreate Co soared 144% on its first day of trading.

U.S. Movers: Commerce Bancshares, PriceSmart, Progressive Corp, Yum Brands

Mukesh Buch
11 Jul, 2013
New York City

Commerce Bancshares second quarter net jumped 8%. Caesars Entertainment plans to spin-off its gaming business. PriceSmart third quarter revenue and net soared. Progressive Corp net surged 174%. Yum! Brands net jumped 15% to $281 million.

Europe Earnings: Associated British Foods, Ashmore, Bumi, Hays, SuperGroup

Nigel Thomas
11 Jul, 2013
New York City

Associated British Foods said group revenue jumped 9%. Ashmore fourth quarter net inflows recorded $4.5 billion. Hays said net fees in the fourth quarter grew 3%. SuperGroup revenue in the year climbed 15% to

Australian Jobless Rate at 4-Year High, ASX Rebounds 1.3%

Marcus Jacob
11 Jul, 2013
New York City

Australian and Asian markets rebounded after positive assurances from the U.S. Fed Chairman Bernanke. Australian jobless rate rose more than expected to 5.7% and a private survey showed a decline in property market confidence. Newcrest Mining to cut more jobs.

Market Update