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Resource Stocks Lead Australian Index Weakness

Marcus Jacob
06 Mar, 2015
New York City

Australian market indexes traded lower and for the week declined 0.5% after China lowered its growth estimate and iron ore prices continued to drift lower. Six smaller resource companies in the ASX 200 index will be replaced by retail, healthcare and travel management companies.

U.S. and World Markets Lack Direction, Euro at 11-Year Low

Nichole Harper
05 Mar, 2015
New York City

Stocks lacked direction in New York and the dollar edged higher. ECB President Draghi offered sovereign bond purchase plan details and also lifted growth and inflation targets. Crude oil and gold eased.

AbbVie in $21 B Deal with Pharmacyclics, Citi Sells Akbank Stake at a Loss

Mukesh Buch
05 Mar, 2015
New York City

AbbVie agreed to acquire Pharmacyclics for $21 billion. Citigroup divested its 10% stake in Turkey-based Akbank TAS for $1.2 billion at a loss. Costco net surged 29%. Ciena and H & R Block net loss narrowed. Kroger profit rose 2%.

ECB Lifts Growth and Inflation Outlook, Carrefour Steps Up Investment Plan

Nigel Thomas
05 Mar, 2015
New York City

European Central Bank estimated higher and accelerating growths well into 2017 and said inflation target is within reach. adidas yearly net tumbled 38% to

BoJ ETF Purchase Supports Nikkei Reversal, Pharma Stocks in Focus

Hiruki Nakamura
05 Mar, 2015
New York City

Stocks in Tokyo advanced after retreating for two days in a row and the Bank of Japan stepped up purchase of ETFs for the first time in three weeks. Pharmaceutical stocks were in focus for the second day on above average dividend yield.

Australian Trade Deficit Surges and Retail Sales Growth Accelerates

Marcus Jacob
05 Mar, 2015
New York City

Australian trade deficit in January surged on weak commodities prices and retail sales in the month accelerated to 0.4% increase. Fortescue announced a plan to refinance debt and extend bank loans. Woodside won a regulatory approval to acquire Western Australia energy assets.

India Stocks Extend Gains, Pipavav Plunges on Reliance Stake Purchase

Mukesh Buch
05 Mar, 2015
New York City

Adani Power and JSW Steel won coal mining rights in Jharkhand. Crompton Greaves received three orders from Energy Efficiency Services. KEC International won orders worth ₹1,243 crore. RInfra plans to buy 18% stake at ₹819 crore in Pipavav Defence.

U.S. Stocks Extend Losses, Weak Auto Sales Growth in February

Nichole Harper
04 Mar, 2015
New York City

Market indexes declined for the second day in a row and February auto sales increased less than expected. GM, Chrysler and Nissan reported rising sales but Ford sales declined.

American Eagle, Wayfair Rise; Abercrombie & Fitch, Bob Evans Fall

Mukesh Buch
04 Mar, 2015
New York City

Abercrombie & Fitch net plunged 33% on 14% decline in revenues. American Eagle net surged 487%. Bob Evans net fell 4% but sales climbed 5%. L.B. Foster net dropped 17%. Navistar net loss narrowed. Wayfair net loss widened.

Henkel, Legal & General Profit Climb; Fresnillo, Standard Chartered Net Drop

Nigel Thomas
04 Mar, 2015
New York City

Fresnillo net tumbled 55% to $108 million. Henkel net jumped 3% to

Subdued Economic Growth in Australia

Marcus Jacob
04 Mar, 2015
New York City

Australian economic growth was subdued in the final quarter of 2014 as terms of trade worsened. Aussie dollar gained and stock trading turnover was above $5 billion. QBE and Rio Tinto traded ex-dividend.

Nikkei in 2-Day Slump, Nippon Steel to Invest $11 B in Capacity Overhaul

123jump.com Staff
04 Mar, 2015
New York City

Market indexes in Japan declined for the second day in a row and the yen traded near its 4-week low. Hitachi was forced to lift its bid to acquire signalling business of Italian defense and aviation company, Finmeccanica. Nippon Steel to expand its steel in unit in western Japan.

Intraday Record for Sensex in India on Unexpected Rate Cut

Mukesh Buch
04 Mar, 2015
New York City

Reserve Bank of India lowered rate in a surprise move only three days after the release of central government budget. Sweden-based Volvo sold its 4.7% stake in Eicher Motors. Adani Group plans to buy port and related assets from Essar Port.

U.S. Indexes Struggle on Weak Tech and Healthcare Stocks

Nichole Harper
03 Mar, 2015
New York City

U.S. market indexes traded lower and barely managed to rebound from the mid-day lows as health care and technology stocks turned lower. Crude oil traded above $50 a barrel and gold at $1,200 an ounce. Controversial Prime Minister of Israel struggled to make his case to the U.S. lawmakers.

Fiat Chrysler, GM, Nissan Sales Jump; Ford Sales Drops

Mukesh Buch
03 Mar, 2015
New York City

AutoZone net jumped 10%. Best Buy profit surged 77%. Dicks Sporting net soared 12% on 11% increase in revenues. February auto sales at Ford fell 1.9% but Fiat Chrysler sales soared 6% and sales climbed 4.2%. Stage Stores profit surged 8.3%.

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