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Europe Earnings: Hunting, Monitise, Siemens, Thyssenkrupp, Telecom Italia

Nigel Thomas
01 Jul, 2013
New York City

Hunting soared on positive outlook. Siemens sold remaining 50% stakes in Nokia Siemens to Nokia for

U.S. Indexes Soar 1% on Manufacturing and Construction Data

Nichole Harper
01 Jul, 2013
New York City

U.S. market indexes gained more than 1% after construction spending increased 0.5% and a private read on U.S. manufacturing showed an improved growth outlook. Oryx Pharmaceuticals surged 50% after it received a bid from Amgen.

Improving Sentiment Among Large Japanese Corporations Lifts Nikkei 1.3%

Hiruki Nakamura
01 Jul, 2013
New York City

Stocks in Japan advanced for the third day in a row after a survey of large corporation showed improving sentiment and expectations of weaker yen in the current fiscal year. Weak yen sentiment has been a key driver in attracting foreign investor to Japanese stock market.

Australian Indexes Drop 1.9%, Dollar Eases

Marcus Jacob
01 Jul, 2013
New York City

Australian indexes dropped 2% in light volume and the dollar eased near the low for the year after manufacturing data in China showed slowing growth rate. Australian home prices rose 3.8% in the fiscal year ending in June reversing 3.6% decline in the previous year.

India Movers: GMR Infra, Hero, L&T, M&M, Novartis, RCom, Siemens

Mukesh Buch
01 Jul, 2013
New York City

GMR Infra won an order build 200 mw power plant in Malta. L&T won new orders worth $500 million in June. Mahindra & Mahindra June sales declined 7.8%. RCom fully repaid two Syndicated loans worth $1 billion.

Lackluster Trading in New York as Funds Reflect Rejigged Indexes

Nichole Harper
28 Jun, 2013
New York City

U.S. stocks wavered and consumer confidence index declined from a six-year high last month. Trading volume is expected to be high today as several funds adjust holdings to reflect changes in indexes. BlackBerry plunged 25% after it missed earnings and revenues targets.

Stronger Economic Data in May in Japan Lifted Nikkei 3.5%

Hiruki Nakamura
28 Jun, 2013
New York City

Core consumer prices reported by the government stopped falling in Japan in May and labor market demand increased to a five-year high. However, price increase is significantly below the Bank of Japan

U.S. Movers: AZZ, CalAmp, Finish Line, Nike, BlackBerry

Mukesh Buch
28 Jun, 2013
New York City

AZZ said net declined 9% and revenues rose 44%. Finish Line first quarter net plunged. Nike fourth quarter net jumped. Winnebago third quarter net surged 94%. BlackBerry net swung to $84 million loss.

Australian Stocks Slide as Financial Year Ends, Gold Miners Cut Costs

Marcus Jacob
28 Jun, 2013
New York City

Market indexes in Australia closed lower after a two-day rally on the last day of financial year. Cautious investors sold mining and insurance stocks. For the week, the ASX index gained 1.4% but fell 3.4% in the month.

India Movers: Asian Paints, Crompton, Dewan Housing, ONGC, YES Bank

Mukesh Buch
28 Jun, 2013
New York City

Asian Paints set record date to split stock 10-to-1. Dewan Housing is in talks to acquire a majority stake in DLF Pramerica Life Insurance. McNally Bharat secured housing construction order worth $40 million. YES Bank after it won a government approval to raise $450 million.

Europe Earnings: Accenture, Hochtief, Serco, SGL Carbon

Nigel Thomas
28 Jun, 2013
New York City

Accenture revenue rose 1% and net climbed 11.3% to $810.3 million but lowered outlook. Hochtief increased its stake in Australia based Leighton Holdings. SGL Carbon expects group EBITDA in the second quarter to be slightly below.

U.S. Stocks in 3-Day Rally, Weekly Jobless Claims Fall

Nichole Harper
27 Jun, 2013
New York City

U.S. indexes rallied for the third day in a row and leading indexes gained as much as 1%. Weekly jobless claims declined and personal spending rose, lifting market sentiment. Average mortgage rate rose to a 2-year high to 4.46%.

U.S. Movers: Bed Bath & Beyond, ConAgra, H.B. Fuller, KB Home, Paychex

Mukesh Buch
27 Jun, 2013
New York City

Bed Bath & Beyond sales climbed 18% but net slid 2%. ConAgra net swung to profit as sales jumped 34% to $4.6 billion. H.B. Fuller net surged to $25.9 million. Paychex net and diluted earnings in the quarter were flat. UniFirst revenue declined but net rose.

Europe Earnings: Betfair, Carillion, Debenhams, DS Smith, Sevan Drilling

Nigel Thomas
27 Jun, 2013
New York City

Betfair said sales for the year were flat and net swung to

Volatile Nikkei Rebounds 2.9%, Institutions Cut Stocks to Record Low

Hiruki Nakamura
27 Jun, 2013
New York City

Market indexes in Tokyo soared nearly 3% after Chinese credit market crunch eased. The yen rebounded above 98 against one dollar. Japanese institutional investors cut exposure to stocks record low in portfolio allocation in March. Real estate companies soared more than 8%.

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