Market Update

Nikkei Index Jumps 1.1% and Extends Weekly Surge to 3.8%

Hiruki Nakamura
23 Jan, 2015
New York City

Japan market indexes extended weekly surge after the ECB announced historic bond buying program. The yen weakened and insurance and shipping companies led the gainers. Aeon Co reported net income surged 47% in nine-month period.

Australia Extends Weekly Surge to 3.7%, Aussie Dollat at New 6-year Low

Marcus Jacob
23 Jan, 2015
New York City

Australian dollar traded at a new five-year low and energy and mining companies led the advance in Sydney. Australian market indexes extended weekly gains following world markets after European Central Bank announced historic one trillion euro bond purchase plan.

New Record High for Sensex in India, Rupee Firms on ECB Printing Money

Mukesh Buch
23 Jan, 2015
New York City

Alstom said net swung to profit. Biocon net fall 14% but revenues rose 8%. Cairn India profit plunged 53%. Colgate jumped 16%. Emami agreed to acquire 67% stake in an Australian company. Muthoot Finance net declined 21%.

Historic ECB Stimulus May Fall Short of Targets

Nigel Thomas
22 Jan, 2015
New York City

European Central Bank followed through its widely advertised and anticipated plan to provide additional stimulus. The latest plan from the central bank will acquire government bonds of as much as 60 billion euros a month till September 2016.

Stocks in New York and Europe Jolt Higher on ECB Stimulus Plan

Nichole Harper
22 Jan, 2015
New York City

Market indexes in New York rose and in Europe gained after the ECB followed through its promise of large and unprecedented bond buying program to lift inflation and break the economic stagnation.

Johnson Controls, KeyCorp Jump; AmEx Drops

Mukesh Buch
22 Jan, 2015
New York City

Alaska Air Group net surged 90%. American Express net climbed 11%. Johnson Controls profit climbed 8%. KeyCorp net soared 11%. Travelers Co jumped 5%. Verizon Communications net swung to a loss on 7% revenues jump.

ECB Announces Trillion Dollar Stimulus, Centerbridge to Buy Senvion

Nigel Thomas
22 Jan, 2015
New York City

Israel-based Gazit Globe agreed to acquire 13.9% stake of Atrium European Real Estate for

Nikkei in Tokyo Rests, Genky Stores Earnings Surge

Hiruki Nakamura
22 Jan, 2015
New York City

Japan stocks closed down and the yen declined 0.2% ahead of bond purchase plan announcement from the European Central Bank. Softbank Corp rose following a surge in its U.S. unit Sprint Corp.

Aussie Dollar at 5-year Low, Skilled Group Rejects Takeover Offer

Marcus Jacob
22 Jan, 2015
New York City

Australian dollar traded near its five-year low and energy and mining companies led the advance in Sydney. Skilled Group rejected a takeover offer. Amcor Limited said chief executive will retire after leading the consumer packaging company for a decade.

India to Sell 10% Stake in NMDC, Suzlon to Sell German Unit

Mukesh Buch
22 Jan, 2015
New York City

Alembic said net swung to a loss. Century Plyboards net soared 110%. Dish TV net loss narrowed. ING Vysya Bank net fell 13%. L&T Finance net surged 66%. Raymond net slid 1% but sales jumped 13%. Suzlon sold its German unit for about $1.1 billion.

With ECB in Focus Stocks Trade Higher in New York and Europe

Nichole Harper
21 Jan, 2015
New York City

Stocks on Wall Street advanced and oil rebounded. Bank of Japan reaffirmed its plan to increase monetary based while European policy makers debate the size, timing and nature of bond buying program as the euro volatile euro traded in tight range.

Northern Trust, Netflix Soar; Fifth Third, IBM Drop

Mukesh Buch
21 Jan, 2015
New York City

Amphenol net and sales climbed 15%. Fifth Third Bancorp net declined 6%. IBM profit tumbled 11% on 12% decline in revenues. Northern Trust Corp net soared 44%. Netflix net climbed 72% on increase on subscribers. U.S. Bancorp net rose 2%. UnitedHealth net jumped 6%.

ASML Net Plunges 37%, Alstom Revenues Climbs 10%

Nigel Thomas
21 Jan, 2015
New York City

ASML Holding net tumbled 37% to

Bank of Japan Lowers Inflaiton Target as Growth Accelerates

Hiruki Nakamura
21 Jan, 2015
New York City

Bank of Japan reaffirmed its commitment to increase monetary base by annual 80 billion yen but lowered its inflation target on the recent plunge in oil price. Governor Haruhiko Kuroda said growth is expected to accelerate in the next fiscal year to 2.1%.

Australian Index Rises 1.6%, BHP to Cut U.S. Shale Production by 40%

Marcus Jacob
21 Jan, 2015
New York City

Australian indexes surged 1.6% following the advance in global markets and the Aussie dollar edged up. BHP reported quarterly production of iron ore increased 16% and also confirmed plans to cut shale oil exploration by 40% in the U.S.