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Market Update

Stocks on Wall Street Rebound, Microsoft Replaces Gates and Ballmer

Nichole Harper
04 Feb, 2014
New York City

Market indexes on Wall Street jumped 1% after three-day of global markets selloff. Earnings announcement lifted market sentiment. Microsoft appointed Satya Nadella as chief executive and John Thompson as chairman replacing co-founder Bill Gates.

Nikkei Plunges 4.2%

Hiruki Nakamura
04 Feb, 2014
New York City

Nikkei index in Tokyo plunged after investors worried about stretched valuations and the yen gained as emerging market worries persisted. Toyota said January sales declined 7% and Honda sales fell 2.1%. The yen advanced to 101.

Aecom Tech, Michael Kors, Yum! Brands Climb

Mukesh Buch
04 Feb, 2014
New York City

Archer-Daniels net dropped 27% and sales fell 3%. BP net declined 29%. Becton Dickinson net plunged 57% but sales jumped 6%. CME net climbed 16%. Yum! Brands climbed despite 5% decline in profit.

Europe Earnings: ARM Holdings, BP, NK Rosneft, UBS

Nigel Thomas
04 Feb, 2014
New York City

ARM Holdings net swung to a loss. BP net declined 29% and revenue slid 0.2%. NK Rosneft

Australia Holds Rates, Indexes Drop 1.7%

Marcus Jacob
04 Feb, 2014
New York City

Australian indexes dropped 1.7% following Asia-wide decline and Aussie dollar firmed up after the Reserve Bank left reference rate unchanged and guided stable rate environment in the near future. Resource and banking stocks led the market decline.

India Movers: Bharat Forge, Hero, Jaiprakash Power, Tata Chemical, Whirlpool

Mukesh Buch
04 Feb, 2014
New York City

Bharat Forge net surged 98% and revenue climbed 24%. Divi''s Lab net jumped 52%. Hero Motocorp sales in January rose barely increased. Jaiprakash Power net loss widened. Tata Chemicals net swung to a loss. Whirlpool net climbed doubled on 9% revenue increased.

Ford, GM Sales Decline on Weather

Mukesh Buch
03 Feb, 2014
New York City

Chrysler January sales jumped 8%. Ford sales declined 7% and GM sales fell 11.9% and blamed weather for weaker sales. Ingles Markets net declined 18%. Sysco net dropped 5%.

Europe Earnings: Julius Baer, Lloyds, Ryanair, Rexam, Smith & Nephew

Nigel Thomas
03 Feb, 2014
New York City

Julius Baer profit tumbled 30% to 188 million francs but assets under management soared 34%. Ryanair said net in the quarter swung to a loss. Rexam plans to sell its pharmaceutical unit to Montagu for $805 million. Smith & Nephew agreed to buy ArthroCare for $1.7 billion in cash.

Australian Indexes Ease as Earnings Season Begins

Marcus Jacob
03 Feb, 2014
New York City

Australian indexes eased at close in the absence of domestic economic news. The Aussie dollar trended lower and the stock trading turnover dropped near the low of the year. Country Road reported surge in sales and earnings. JB Hi-Fi revised higher annual outlook.

India Movers: January Auto Sales Declines; Grasim, IDBI Net Drop

Mukesh Buch
03 Feb, 2014
New York City

Ashok Leyland sales in January plunged 26% and net swung to a loss. Bajaj sales declined 8%. Berger Paints net grew 7%. Grasim profit dropped 34%. IDBI Bank profit tumbled after non-performing loan ratio jumped. Lupin net surged. M&M sales fell 14%. TVS sales jumped.

World Markets Deepen Losses in January, Euro Zone Defltation Trap Worries

Nichole Harper
31 Jan, 2014
New York City

U.S. and World markets accelerated the decline on the last day of January. For the year, S&P 500 index is down 3.4%, major markets in Europe declined 3% and indexes in Japan closed down 8.5%. Hong Kong index fell 5.5% and index in India dropped 3.1%.

Nikkei Drops 8.5% in January, Inflation in Japn Accelerates

Hiruki Nakamura
31 Jan, 2014
New York City

Nikkei index in Tokyo declined 0.6% on Friday, fell 3.1% in the week and plunged 8.5% in January. Industrial output in December increased 1.1%. Consumer prices in Japan increased 1.6% and core inflation rose 1.3% from a year ago.

Amazon Net Soars, Google Net Rises 16%

Mukesh Buch
31 Jan, 2014
New York City

3M net surged 57%. Amazon net surged 146% and revenue soared 20%. Chevron declined after net tumbled 33%. Colgate net dropped 6%. Google profit climbed 16%. L-3 Communications net declined 8%. MasterCard net rose 3% and revenue jumped 12%.

Australian Stocks Fall 3% in January, David Jones Rejects Myer Merger Offer

Marcus Jacob
31 Jan, 2014
New York City

Australian stocks in January declined for the first time in four years as emerging markets struggle and China engineers a slowdown. David Jones rejected unsolicited merger offer from Myer Holdings.

Europe Earnings: BT Group, LVMH Net Rise; Electrolux Swings to Loss

Nigel Thomas
31 Jan, 2014
New York City

BT Group profit jumped 6% to