Market Update

Weaker Yen and Earnings Lift Nikkei; ANA, Daiwa, Japan Tobacco in Focus

Hiruki Nakamura
30 Oct, 2014
New York City

Stocks in Tokyo closed higher and the yen dropped after the U.S. dollar at strongest since October 6. Daiwa Securities said second-quarter earnings increased 4.4% on higher underwriting fees and trading income. Japan Tobacco sales increased 1.3% and net declined 7.4%.

Bayer, Barclays, BT Group Net Surge; Eni, Shell Profit Decline

Nigel Thomas
30 Oct, 2014
New York City

Bayer lifted revenue forecast and net soared 13% to

Australian New Home Sales Flat, IAG and NAB in Focus

Marcus Jacob
30 Oct, 2014
New York City

Australian market indexes gained despite the international terms of trade worsening in September. New home sales in the month were nearly unchanged from August. Echo Entertainment soared on positive outlook.

ACC, Emami, ICICI, Maruti, Tech Mahindra, YES Bank Net Surge

Mukesh Buch
30 Oct, 2014
New York City

ACC quarterly profit surged 62%. Castrol India net rose 13%. Emami profit climbed 16%. ICICI Bank net and revenue soared 15%. Maruti Suzuki net jumped 29% on 18% increase in revenues. Mphasis and Tech Mahindra net rose. YES Bank profit soared 30%.

Nikkei in Japan Surges on Domestic Earnings Reports

Hiruki Nakamura
29 Oct, 2014
New York City

Stocks in Tokyo closed higher after domestic companies reported better than expected earnings. Investors also took a positive view on the outlook for the stimulus in Europe and estimated rates in the U.S. will remain low in the U.S.

Eaton, Hess Net Climb; Hershey and Hyatt Net Fall

Mukesh Buch
29 Oct, 2014
New York City

Carlyle Group net surged but revenue plunged. Eaton profit soared 18%. Hess net surged 140%. Hershey net dropped 4%. Hyatt profit tumbled 42% but revenue climbed 7%. McGraw Hill Financial declined 11% while revenues soared 10%.

Australian Dollar Trade with Upward Bias, Stocks Close Down

Marcus Jacob
29 Oct, 2014
New York City

Australian market indexes closed down and the Aussie dollar gained against the U.S. dollar. Commodities prices traded mixed and oil and gold edged up. JB Hi-Fi Limited soared after the company retained its sales guidance despite recent monthly sales weakness.

Deutsche Bank Net Swings to Loss; Fiat Chrysler Revenue Surges 14%

Nigel Thomas
29 Oct, 2014
New York City

Deutsche Bank net swung to a loss to

ING, Nestle India, Sesa Sterlite Net Surge; Dr. Reddy

Mukesh Buch
29 Oct, 2014
New York City

Dr. Reddy

U.S. Consumer Confidence at 7-year High, Durable Goods Orders Fall Again

Nichole Harper
28 Oct, 2014
New York City

U.S. stocks traded higher and after a barrage of positive earnings. U.S. consumer confidence index increased to a seven-year high. Durable goods orders declined for the second month in a row in September.

Cummins, Parker Hannifin, Whirlpool Climb; Aetna, Freeport-McMoRan Drop

Mukesh Buch
28 Oct, 2014
New York City

Aetna net and revenue climbed. Cummins net climbed 19%. Du Pont net surged 52%. Noble Energy jumped 104.4% but revenue declined 9%. Pfizer profit jumped 3% while revenue fell 2%. Parker Hannifin net climbed 15% and Whirlpool net soared 17%.

Lloyds Banking Net Swings to Profit; BP Net Falls, UBS Net Surges

Nigel Thomas
28 Oct, 2014
New York City

BP net declined 63.2% to $1.32 billion. Lloyds Banking Group net swung to profit to

Noumura Net Surges, Softbank to Invest $10 B in E-commerce Sites in India

Hiruki Nakamura
28 Oct, 2014
New York City

Stocks in Tokyo halted a 2-day rally and market indexes eased after resource sector stocks declined. Nomura Holdings reported better than expected second-quarter earnings on higher broking and trading revenues. Softbank Corp plans to invest $627 million in India based Snapdeal.com.

Weak Iron Ore and Oil Prices Weigh on Australian Indexes

Marcus Jacob
28 Oct, 2014
New York City

Australian stocks traded lower and resource and construction services companies were in focus. Gold and oil eased in local and regional trading. Bega Cheese Ltd said first-half revenues jumped 6.5%. Silver Lake Resources retained its annual gold production target.

SoftBank Invests $627 M in Snapdeal, Ranbaxy Swung to Profit

Mukesh Buch
28 Oct, 2014
New York City

ABB India quarterly profit climbed 25%. Alstom India won a contract of Rs 671 crore. L&T secured a contract worth Rs 2,989 crore. Linde India net plunged 90%. Ranbaxy Laboratories net swung to profit. Lupin net surged 55% on 19% increase in revenues.