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European Retail Sales Drop and Output Index Declines

Nigel Thomas
06 May, 2013
New York City

European markets retreated from five-year highs after retail sales fell and a private survey of factory and service sector showed a decline in output. Linde AG jumped to a 2-decade high on better than expected earnings. Statoil faces higher taxes from Norwegian government.

Australian Retail Sales Fall 0.4%, Stocks Pare Gains

Marcus Jacob
06 May, 2013
New York City

Australian markets pared gains and the dollar edged lower and trading volume picked up. Retail sales in March declined unexpectedly 0.4%. Leighton Holdings reaffirmed its full-year earnings outlook. Tabcorp faces one-time charges linked healthcare taxes.

India Movers: ACC, Finolex, Nerolac, Titan Net Up; Adani Loss Widens

Mukesh Buch
06 May, 2013
New York City

ACC net surged 189% and Adani Power fourth quarter loss widened. Finolex net jumped 41% and Grasim profit rose 1%. Kansai Nerolac net surged 173% and Titan net climbed 28%. The Great Eastern Shipping net surged 70%.

U.S. Movers: Automatic Data Processing, AIG, Duke, InvenSense, LinkedIn

Mukesh Buch
03 May, 2013
New York City

Automatic Data Processing said third quarter net slid 7%. AIG first quarter net declined 31% and Duke net surged 115%. InvenSense surged as sales and net climbed. LinkedIn net surged more than four-fold. Moody

165,000 Net Job Additions in April Lift S&P 500 Index Above 1,600

Nichole Harper
03 May, 2013
New York City

The U.S. economy added 165,000 net new jobs in April and jobless rate fell to 7.5% and March and February data were revised higher. S&P 500 index crossed 1,600 after 13 years crossing 1,500 and the narrow Dow Jones crossed 15,000 for the first time.

Europe Earnings: adidas Net Jumps 7%, BNP Paribas Net Plunges 45%

Nigel Thomas
03 May, 2013
New York City

adidas first quarter net climbed 7% to

Europe Estimates Another Year of Economic Decline, Indexes Jump 1%

Nigel Thomas
03 May, 2013
New York City

European markets gained more than 1% on the back of better than expected U.S. employment data. European Commission lowered its economic outlook for the euro zone and European Union economies and the region is expected to shrink economies for the second year in a row.

Australian Services Index Contract, Westpac Banking Net Jumps 10%

Marcus Jacob
03 May, 2013
New York City

Australian market indexes traded flat after the latest private survey on service industry showed a contraction at the fastest pace since December. Westpac Banking reported 10% jump in first-half earnings and declared one-time additional dividend of 10 cents a share.

RBI Lowers Rate, Bharti Airtel to Sell 5% Stake to Qatar

Mukesh Buch
03 May, 2013
New York City

Ambuja Cements net tumbled jumped 56% and Alstom secured order from BHEL. AstraZeneca net loss narrowed. Blue Dart net climbed 43% and Bharti Airtel sell 5% stake to Qatar Foundation. Bajaj Corp net surged 44% and Honeywell net declined 8%.

Wall Street Rally on Earnings, Auto Sales, Jobless Claims, Rate Cut in Europe

Nichole Harper
02 May, 2013
New York City

Stocks in New York traded higher after earnings were ahead of expectations and automakers reported best April sales since 2007. Ford sales surged 18% and General Motors and Chrysler sales increased 11% in April. Weekly jobless claims declined to the lowest since January 2008.

U.S. Movers: Facebook, GM, Kellogg, Manulife, MetLife, Visa

Mukesh Buch
02 May, 2013
New York City

Facebook first quarter net jumped 7% and GM net declined 14% but narrowed losses in Europe. Kellogg plunged 11% and Manulife net tumbled 56%. Murphy Oil net plunged 23% and MetLife net swung to $956 million profit. Visa second quarter net slid 2%.

ECB Rate Cut Unlikely to Reverse Economic Trends in Europe

Nigel Thomas
02 May, 2013
New York City

European markets pared losses but closed mixed after the European Central Bank lowered rate to 50 basis points. The widely expected rate cut is largely symbolic as companies in peripheral zone are likely to not see any benefits of the rate cut.

Europe Earnings: BSkyB Net Up 9%, Sanofi Sales Fall

Nigel Thomas
02 May, 2013
New York City

British Sky Broadcasting said net income for the nine-month period increased 9% to

Nikkei in Longest 4-Day Slump Since November

Hiruki Nakamura
02 May, 2013
New York City

Stocks in Tokyo edged lower for the fourth day in a row, the longest decline since November, on global economic growth worries. Daiwa Securities reported largest quarterly profit in seven years. Tokyo Steel estimated higher sales in second half. Japanese automakers declined on weak U.S. sales.

Global Worries Drag Commodities and Australian Stocks

Marcus Jacob
02 May, 2013
New York City

Australian markets traded lower after commodities prices eased on weak economic data from the U.S., China and euro zone. Australian building approvals plunged 5.5%, the largest monthly sales decline in eight months.

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