Market Update

Nikkei Rises 1.1%; Nintendo Surges on Profit, Sony Net Triples

Hiruki Nakamura
30 Jul, 2015
New York City

Nikkei average increased 1.1% and industrial output jumped 0.8% in June. However, auto sales in the month declined 5.3% on 5.1% decline in sales. Nintendo soared after posting profit in the latest quarter. Sony Corp quarterly net tripled.

Australian Building Approvals Plunge 8%, Freelancer Soares 10%

Marcus Jacob
30 Jul, 2015
New York City

Australian market indexes gained and the Aussie dollar drifted lower after the U.S. Fed left rates at zero. Australian building approvals declined more than expected 8.2% in June. Australian online marketplace Freelancer posted record revenues and user growth.

RBA Lets Rupee Slide Further; Nestle Net Swung to Loss, Essar Oil Net Rises

Mukesh Buch
30 Jul, 2015
New York City

Rupee continues to drift lower despite the recent collapse in energy and gold prices, two largest imported items by India. Essar Oil quarterly profit surged 54%. Nestle India net swung a loss. Dr. Reddy''s Lab net jumped 14%. NTPC net fell 3%. Crompton Greaves secured a contract in Portugal.

BT, Enel, RBS Net Soar; BAE Systems, Shell Profit Decline

Nigel Thomas
30 Jul, 2015
New York City

BT profit climbed 16% to

Fed Comments on Economy and Zero Rate Policy Fuels Market Rise

Nichole Harper
29 Jul, 2015
New York City

Federal Reserve left its key rate unchanged and said economy and job markets continue to improve. Fed comments lifted broad array of market indexes. S&P 500 index has rebounded nearly 2% after a correction of more than 3%.

Nikkei in Tokyo Sruggles, Fanuc Plunges 10%

Hiruki Nakamura
29 Jul, 2015
New York City

Nikkei average in Tokyo closed down in lacklustre trading and investors focused on domestic earnings. NTT DoCoMo estimated higher annual revenues. Fanuc plunged the most in seven years after lowering annual outlook. Dentus wins Olympic rights in Asia for 2018-2024.

Australian Dollar Under Cloud, NAB Divests Great Western Stake at a Loss

Marcus Jacob
29 Jul, 2015
New York City

Australian market indexes rebounded on the back of higher closing in international markets. However, weaker commodities prices dampened the mood. NAB completed the divestment of its stake in the U.S. based Great Western Bancorp and booked a loss.

Lows in Oil, Gold to Help India

Mukesh Buch
29 Jul, 2015
New York City

Dabur said quarterly profit climbed 24% on 11% increase in revenues. Pidilite net soared 34%. Godrej Consumer Products net surged 39%. Yes Bank profit climbed 28%. SpiceJet net swung to profit.

Anadarko, General Dynamics, Hilton, Reuters Jump; Twitter Plunges

Mukesh Buch
29 Jul, 2015
New York City

American Tower net plunged 44% but revenues soared 14%. Anadarko Petroleum net tumbled 73%. Anthem net surged 18% on 8% jump in revenues. General Dynamics net climbed 39%. Hilton Worldwide net soared 177%. MasterCard profit fell 1%. Twitter net loss narrowed.

Barclays, Bayer, LVMH, Sky Net Surge

Nigel Thomas
29 Jul, 2015
New York City

Barclays profit surged 31% to

U.S. Indexes Rebound, VW Surpasses Toyota as Top Automaker

Nichole Harper
28 Jul, 2015
New York City

U.S. market indexes staged a slight rebound but commodities prices continue to test new lows and European markets lacked directions. Sell-off in China intensified in smaller exchanges. Volkswagen surpassed Toyota as the world

Nikkei at 2-Week Low, Toyota Forecasts Flat Annual Sales

Hiruki Nakamura
28 Jul, 2015
New York City

Nikkei average in Tokyo declined following another day of route in commodities complex and in China indexes. Kao Corp and Tokyo Electron were in focus after quarterly results. Toyota Motor estimated flat annual global unit sales after first-half sales declined 1.5%.

Australian Stocks and Dollar on Defensive as China Markets Turn Volatile

Marcus Jacob
28 Jul, 2015
New York City

Australian markets turned volatile and looked at China market moves. In active trading, ASX 200 index edged lower and the Aussie dollar retained downward bias with the losses extended deeper in commodities energy complex.

Honeywell in $5.1 B Deal with Melrose; Du Pont, Ecolab, Merck, Pfizer Net Drop

Mukesh Buch
28 Jul, 2015
New York City

Honeywell agreed to acquire the Elster unit of Melrose Ind for $5.1 billion. Ford net surged 44%. Du Pont sales and net declined. Ecolab net fell. Ingersoll-Rand net tumbled 74%. Merck net plummeted 66%. Pfizer profit plunged 10%. United Parcel Service net soared 171%.

Deutsche Boerse, Kering, Philips, Orange Net Soar; BP Net swings to Loss

Nigel Thomas
28 Jul, 2015
New York City

BP net swung to a loss to $5.8 billion on non-operating pre-tax charge of $9.8 billion. Deutsche Boerse profit climbed 10%. Kering net more than doubled to