Market Update

Australian Indexes Extend 7-Day Rally; Freelancer Surges, Whitehaven Falls

Marcus Jacob
30 Jan, 2015
New York City

Resource stocks led the gainers in Sydney and market indexes extended advance for the seventh day in a row. Aussie dollar edged how on the growing speculation that the Reserve Bank of Australia may lower rate sooner than expected.

BT, Novo Nordisk Net Climb; Diageo, Vedanta Sales Plunge

Nigel Thomas
30 Jan, 2015
New York City

BT Group profit surged 12% to

Banks Drag Sensex Down 1.7%, Govt Sells 10% Stake in Coal India

Mukesh Buch
30 Jan, 2015
New York City

Market indexes in Mumbai drop 1.7% led by a sharp plunge in bank stocks. Government of India lowered its stake in the largest coal miner to 80%. Bank of Baroda lifted its bad loan reserves and net plunged 68%. HCL Tech net rose 2%. ICICI climbed 14%. IDFC net slipped 16%. NTPC net gained 7%.

Colgate, Harley Climb; ConocoPhillips, Qualcomm Drop

Mukesh Buch
29 Jan, 2015
New York City

Abbott net surged 54%. Colgate-Palmolive net climbed 11% while sales dropped. ConocoPhillips net swung to a loss. Dow Chemical net plunged 24%. Harley-Davidson net fell 1% on flat revenues. Qualcomm profit jumped 5%. Visa net declined 10%.

Deutsche Bank Net Swings to Profit; Diageo, Fiat, Shell Net Drop

Nigel Thomas
29 Jan, 2015
New York City

Diageo net plunged 18% to

6-Day Rally in Australian Stocks, Fortescue Shipment Surges 47%

Marcus Jacob
29 Jan, 2015
New York City

Australian dollar held firm but analysts raised the prospect of the currency to drop as low as 72 U.S. cents. Fortescue Metals reported 47% increase in shipment in the first-half and also cut in half its planned capital spending but said production cost is expected hover near $25 a ton.

Nikkei Trades Down 1.1%, December Retail Sales Fall 0.3%

Hiruki Nakamura
29 Jan, 2015
New York City

Nikkei in Tokyo fell more than 1% after seasonally adjusted monthly retail sales slipped 0.3% in December. In addition, stocks fell after U.S. Fed in its statement cited weak global economic growth. Skymark Airlines plunged 25% after filing bankruptcy protection. Nintendo tumbled 8%.

Sensex in 7-Day Rally; Asian Paints, HDFC Bank, Just Dial Net Surge

Mukesh Buch
29 Jan, 2015
New York City

Asian Paints said net rose 15%. Alstom net and revenue declined. HDFC Bank net advanced 11%. Just Dial net increased 8% on 21% increase in revenues. Pidilite net soared 28%.

U.S. Stocks Turn Higher, Apple Shines on Earnings

Nichole Harper
28 Jan, 2015
New York City

Stocks on Wall Street traded sideways ahead of Fed decision on interest rate and oil prices extended weekly and losses in the year so far. European markets traded lower after market indexes in Athens plunged 9% and banks extended weekly losses to 44%.

Apple, Boeing, Yahoo Jump; AT&T Net Swings to a Loss

Mukesh Buch
28 Jan, 2015
New York City

Apple net surged 38% on 30% increase in revenues. AT&T net swung to a loss of $3.9 billion. Boeing profit jumped 19%. General Dynamics net soared 42%. Yahoo soared 109% and will spin off its remaining stake in Alibaba.

Topix in Tokyo at 7-Week High; Komatsu and Hitachi Construction Earnings Drop

Hiruki Nakamura
28 Jan, 2015
New York City

Stocks in Tokyo extended gains and Topix closed at a seven-week high and yen eased a little. Chugai Pharmaceutical said annual sales increased 8.8%. FujiFilm net in nine-month period surged. Hitachi Construction Machinery and Komatsu reported weakening earnings.

Hennes & Mauritz Net Surges, Johnson Matthey Sales Jumps

Nigel Thomas
28 Jan, 2015
New York City

Antofagasta production of gold and copper in fourth-quarter climbed. Hennes & Mauritz net surged 12%. Johnson Matthey sales jumped 5% to

Rate Hike Less Likely in Australian as Inflation Stays Below 2%

Marcus Jacob
28 Jan, 2015
New York City

Australian inflation measure dipped below 2% for the first time in 2-

Sensex Halts 6-day Rally; Adani Net Rises, Ranbaxy Net Loss Widens

Mukesh Buch
28 Jan, 2015
New York City

Adani Ports net rose 14%. GSFC net rose less than expected 2% on 11% rise in revenues. Maruti plans to set up three units in Gujarat. Ranbaxy net loss widened. Titan net rose 15% on 9% increase in revenues. L&T sold its iron unit to Australia-based Bradken Limited.

U.S. Indexes Drop 1.5% on Weak Earnings and Durable Goods Orders

Nichole Harper
27 Jan, 2015
New York City

Market indexes on Wall Street plunged more than 1.5% after disappointing durable goods orders and earnings from Caterpillar, Microsoft, United Technologies and Procter & Gamble. Oil and iron ore traded near six-year lows and euro and bonds in the euro zone were in focus.