Market Update

Abbott, Power Grid, Tata Steel Net Climb; Oil India Net Falls

Mukesh Buch
12 Nov, 2014
New York City

Abbott quarterly net surged 41% and Adani net swung to profit. Aditya Birla profit soared 55%. Bajaj Hindusthan and HMT losses narrowed. Oil India net and revenue declined. Power Grid net rose 3%. Tata Steel net profit jumped 37%. Uflex net surged 42% on 9% increase in revenues.

Indexes Set Records on Wall Street

Nichole Harper
11 Nov, 2014
New York City

Market indexes on Wall Street struggled to advance after a weak start. Bond market and the federal government were closed on Veterans Day today. European markets traded sideways. The Nikkei and Topix indexes in Japan closed at multi-year highs.

Horton, Rackspace Advance; Woodward Declines

Mukesh Buch
11 Nov, 2014
New York City

Atwood Oceanics net and revenue soared 10%. CST Brands surged 50% but revenue fell 3%. D.R. Horton profit climbed 19% on 38% increase in revenue. MTS Systems net tumbled 49%. Rackspace Hosting net soared 15%. Woodward net fell 1%.

Japan Indexes Surge to Six-year Highs

Hiruki Nakamura
11 Nov, 2014
New York City

Topix Index, the broader Japanese equity market index closed at a six-year high and the yen deepened losses in the year. The Nikkei 225 Stock Average soared 2.1%, the highest close since 2007. Chiyoda Corp reported quarterly net dropped 20%.

Maersk, Hochtief, UniCredit Net Surge; Henkel, Vodafone Profit Fall

Nigel Thomas
11 Nov, 2014
New York City

Maersk net surged 25% $1.50 billion. BMW October sales soared 11%. Henkel fell 4% to

Auto Parts Makers in India Show Strong Quarterly Results

Mukesh Buch
11 Nov, 2014
New York City

Amara Raja quarterly net rose 6%. Apollo Tyres net jumped 18%. Bosch net and revenues surged. Eveready net profit soared more than four-fold on 11% increase in revenues. Godrej and IFCI revenues climbed. Jain Irrigation quarterly loss narrowed. Kalpataru Power net climbed 38%.

U.S. Indexes Extend Record Gains, China Links HK and Shanghai Trading

Nichole Harper
10 Nov, 2014
New York City

Market indexes on Wall Street extended 3-week gains and the dollar firmed in international markets. Commodities prices edged lower and copper and gold traded at multi-year lows.

Dean Foods, 3D Systems, Sotheby

Mukesh Buch
10 Nov, 2014
New York City

Berkshire Hathaway net declined 10% but revenues climbed 10%. Boeing secured order worth $8.5 billion at a list price from a Japan based leasing company. Dean Foods and 3D Systems net swung to a loss. Sotheby

2-day Rise in Yen Drags Nikkei in Tokyo

Hiruki Nakamura
10 Nov, 2014
New York City

Market indexes in Japan closed lower after advancing for three weeks in a row and the yen strengthened. The yen extended two-day gains to 1.2% after falling sharply in the last two weeks. Takata plunged 17% after U.S. lawmakers demanded criminal investigation of air-bag recall crisis.

Australian Home Leanding Eases, Stocks Trade Lower on Weak Banks

Marcus Jacob
10 Nov, 2014
New York City

Australian adjusted home loans in September decreased 0.7% followed by 0.9% decline in August. The number home loans issued in a month has consistently stayed at or above 50,000 in the year-so-far.

AVEVA, Carlsberg Net Plunge; Serco Issues Fourth Profit Warning

Nigel Thomas
10 Nov, 2014
New York City

AVEVA net plummeted 46% to

L&T, REC, Tata Chemicals Net Soar; Coal India, Dena Bank Net Fall

Mukesh Buch
10 Nov, 2014
New York City

Adani Power quarterly loss narrowed. Coal India net fell 28%. Dena Bank and IPCA net plunged 52%. L&T profit jumped 7%. Motherson net slipped 25%. REC net and revenue climbed. Tata Chemicals net surged 91% on 11% increase in revenues.

ViaSat climbs; Humana, Intercept Pharma, Nvidia, Disney Plunge

Mukesh Buch
07 Nov, 2014
New York City

ArcelorMittal net swung to profit. Humana net plunged 66% but revenues climbed 20%. Northeast Utilities net climbed 12% to $235 million. Nvidia profit soared 45% on 16% increase in revenue. Walt Disney profit soared 8%.

Weekly Surge of 10.4% in Nikkei in Tokyo

Hiruki Nakamura
07 Nov, 2014
New York City

Nikkei index in Japan closed higher and extended weekly surge to 10.4% after actions form the Bank of Japan and GPIF. Exporters led the gainers today and in the week after the yen declined to a four-year low on the central bank

Australian Indexes Extend Gains Despite Weak Oil and Gold

Marcus Jacob
07 Nov, 2014
New York City

Australian market indexes surged 0.8% in the first week in November after rising 4% in October in active trading. The Aussie dollar edged lower and the gold and oil prices continued to slide for the sixth week in a row. Ten Network surged on takeover speculation. Orica received final offer.