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Europe Movers: Heineken, Peugeot, SocGen, Storerbrand

Barry Randall
13 Feb, 2013
New York City

Banks were in focus after Societe Generale reported December quarter loss. BNP Paribas is scheduled to release earnings tomorrow. Storerbrand ASA dropped 9% on lower than expected earnings. PSA Peugeot said it will cut 900 million euros of costs. Heineken reported earnings above expectations.

European Factory Output Rises, BoE Says Inflation Ahead of Target

Barry Randall
13 Feb, 2013
New York City

European markets traded higher despite the Bank of England Governor casting doubts on the recent market rally. Markets across the euro zone traded higher after factory output increase more than expected in December. The euro gained. BoE estimated above-target inflation for prolonged period.

Nikkei Declines 1% on Yen Volatility; Gree, Pioneer, Daikin Fall

Hiruki Nakamura
13 Feb, 2013
New York City

The benchmark index in Tokyo fell 1% after the yen inched higher on conflicting comments from G7 officials. The yen direction is setting the tone in stock market as investors forecast more weakness. Japan is set to release economic growth data tomorrow. Pioneer, Daikin, Gree and Mazda led decliners.

Australian Indexes Surge Above 5,000 on Commonwealth, Leighton Earnings

Marcus Jacob
13 Feb, 2013
New York City

Australian market indexes surged after Commonwealth Bank reported higher than expected profit and said it is on target to reach $7 billion for the year. Leighton swung to net profit and guided higher net in the current year. Stockton reported a loss.

India Movers: IOC Net Surges; HPCL, NMDC, Tata Steel Net Declines

Mukesh Buch
13 Feb, 2013
New York City

Chennai Petroleum third quarter net loss widened and Eicher Motors net declined 15%. Fortis Healthcare net climbed. HPCL net dropped 95% and Hindustan Copper net slipped 4%. IOC net surged 34% and NMDC net plunged 31%. Tata Steel net declined 26%.

U.S. Movers: Avon, Fossil, HCP, Omnicom, Coca-Cola, Valspar

Mukesh Buch
12 Feb, 2013
New York City

Avon fourth quarter net loss widened and Fossil net surged 28% as sales climbed. HCP fourth quarter net surged nearly three-fold and Level 3 net loss narrowed. Omnicom net jumped 18% and Coca-Cola net climbed 13%.

Nikkei Gains 1.9% on Weak Yen Campaign Gathers Momentum

Hiruki Nakamura
12 Feb, 2013
New York City

Stocks in Tokyo closed higher and the yen resumed its slide as politicians and policymakers step up the drive to weaken the yen further. Automakers and electronics exporters were in focus. Isuzu and Nissan held annual outlook.

Australian Markets Flat, Soft Business Confidence Index

Marcus Jacob
12 Feb, 2013
New York City

Australian markets closed flat but the ASX index crossed 5,000 mark and the dollar continued its slide. The latest private survey of businesses indicated improving but soft conditions. The equipment maker Bradken reported higher than expected earnings.

India Movers: ONGC, SAIL Net Decline, Tata Power Swing to Loss

Mukesh Buch
12 Feb, 2013
New York City

Britannia third quarter net climbed 11% and Jindal Steel & Power dropped 14%. Jaiprakash Associates net tumbled 64%. ONGC net dropped 18% and Oil India declined 7%. SAIL net declined 23% and Tata Power net swung to a net loss.

U.S. Stocks in Broad Decline as Focus Shifts to Europe

Nichole Harper
11 Feb, 2013
New York City

Stocks and indexes on Wall Street traded lower after the broad S&P 500 index registered sixth weekly gain last week. President Obama is scheduled to release his legislative priorities on Tuesday. AMR and U.S. Air are likely to finalize their merger plans as early as next week.

Europe Movers: Ahold Sells 60% Stake in ICA to Hakon, Novo Nordisk Drops 12%

Barry Randall
11 Feb, 2013
New York City

Royal Ahold agreed to sell 60% stake in the Swedish retailer ICA for $3.1 billion as the Dutch retailer shifts focus to domestic operations. Novo Nordisk plunged 12% after the U.S. drug regulator demanded more tests that could delay the insulin drug launch for years. Sanofi gained 4%.

U.S. Movers: Boardwalk, CNA Financial, Loews, Radian Group

Mukesh Buch
11 Feb, 2013
New York City

Boardwalk Pipeline fourth quarter net soared 26% and CNA Financial swung to a quarterly loss. Loews fourth quarter resulted in a net loss. Onex sells 50% stake in RSI Home Products for $323 million. Radian Group net loss widened.

Euro Ministers Discuss Cyprus, Spanish and Italian Yields Rise

Nigel Thomas
11 Feb, 2013
New York City

European markets traded higher as finance ministers gather to discuss the euro and the aide to Cyprus. G20 finance ministers are scheduled to meet in Moscow this weekend. Bond yields in Spain and Italy rose as political tensions mounted.

Australian Indexes Rise, Third Monthly Decline in Home Loans

Marcus Jacob
11 Feb, 2013
New York City

Australian indexes closed higher as most markets across Asia were closed to celebrate Lunar New Year. Home loans in December declined 1.5% from November, third monthly fall in a row. The Australian dollar eased to below $1.03.

India Movers: Reliance Signs $1 Billion Contract with Ericsson

Mukesh Buch
11 Feb, 2013
New York City

Emami net jumped 22% and GMR Infrastructure loss widened. Gujarat Petronet slipped 5.7% and GIPCL net surged more than three-fold. Jaypee Infratech net plunged 60%. RCom signed network contract with Ericsson for $1 billion. Sun Pharm withdraws the merger agreement.

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