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Small Caps Lead U.S. Markets Slide, Bond Yields at 6-Month Low

Nichole Harper
15 May, 2014
New York City

S&P 500 index extended losses for the third day and small cap Russell 2000 index extended loss to 10% in a two-month correction. Yield on 10-year bond dropped to a six-month low.

Europe Earnings: Deutsche Post, Dixons, LSE, Thomas Cook

Nigel Thomas
15 May, 2014
New York City

Deutsche Post profit edged up 0.8% to

Japan's March Quarter GDP Growth Accelerates

Hiruki Nakamura
15 May, 2014
New York City

Japan''s GDP in the March quarter expanded 1.5% from the last quarter after consumer spending rose ahead of sales tax increase on April 1, the Cabinet Office said today.

Nikkei Falls on Earnings; Japan Display, Nissan Chemical, IIJ in Focus

Hiruki Nakamura
15 May, 2014
New York City

Rising consumer spending ahead of sales tax and strong capital spending lifted March quarter GDP to an annual rate of 5.9% in Japan. Stocks declined on stronger yen and weaker than expected earnings.

Australian Dollar Firm, Westfiled Comparable Sales Rise 4%

Marcus Jacob
15 May, 2014
New York City

Australian dollar traded firm near its recent high after investors digested latest federal budget. A pick up in trading in small caps lifted trading volume hear the high of the year so far. Auckland Airport plans for traffic boost from China this summer.

India Movers: Apollo Tyres, Adani, Bajaj Auto, BOI, Tata Steel, Tech Mahindra

Mukesh Buch
15 May, 2014
New York City

Apollo Tyres net surged 99%. Adani Ports net tumbled 25% while revenue climbed 19%. Bajaj Auto profit slid while sales barely rose 3%. Bank of India net plunged 26%. L.G.Balakrishnan profit climbed 54%. Tata Steel net swung to profit. Tech Mahindra net declined 39%.

Coty, Kate Spade, Macy's Climb; Fossil, URS Decline

Mukesh Buch
14 May, 2014
New York City

Coty net swung to a loss. Deere & Co net and total sales declined 10%. Fossil profit dropped 8% but revenue soared 14%. Kate Spade net swung to profit on sales increase 33%. Macy''s profit net jumped. Pinnacle Foods net soared 64%. URS net tumbled 63%.

U.S. Stocks in 2-day Decline, PPI Rises 0.6%

Nichole Harper
14 May, 2014
New York City

Stocks in New York declined for the second day after indexes reached to new highs. Wholesale price increase in April was the largest rise since September 2012, diminishing the risk of deflation. Market indexes in Europe dipped on renewed violence in Ukraine.

Investors in Japan Focus on Earnings; Sony, Daifuku, Mizuho Rise

Hiruki Nakamura
14 May, 2014
New York City

Investors turned cautious in Japan and the yen weakened and trading volume stay below 30-day average. Sony reported annual revenues increased 14% and swung to a loss. Mizuho Financial annual net increased 23%.

India Movers: Bajaj Finance, GSFC, Goodricke, Nestle, Tata Coffee

Mukesh Buch
14 May, 2014
New York City

Ashoka Buildcon net and revenue climbed. Bajaj Finance net jumped 11%. GSFC profit soared 129% but revenue dropped. Goodricke net swung to a loss. Info Edge profit surged four-fold. Nestle net slumped and revenue rose 3%. Tata Coffee net declined 35%.

Europe Earnings: Allianz, Compass, ITV, Nordex, RWE

Nigel Thomas
14 May, 2014
New York City

Allianz net dropped 4% to

Australian Budget Focuses on Debt Reduction, Stocks Flat

Marcus Jacob
14 May, 2014
New York City

Australian government focused on increasing taxes, cutting spending and repaying debt in the latest federal government budget. Stock market indexes closed nearly unchanged. A private measure of consumer confidence index declined to the lowest in six years.

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