ticker

Australian Markets Trim Losses on China Economic Data

Marcus Jacob
20 Jan, 2014
New York City

Australian stocks reacted to better than expected economic data from China and trimmed early losses. China

Europe Earnings: AB InBev, Blinkx, Deutsche Bank, Legal & General, Peugeot

Nigel Thomas
20 Jan, 2014
New York City

AB InBev agreed to buy back South Korea

India Movers: Wipro Net Edges Up 4%, UltraTech Net Plunges 38%

Mukesh Buch
20 Jan, 2014
New York City

Dewan Housing net climbed 52%. Kajaria Ceramics net jumped 16%. PTC India net surged more than three-fold. Subex won five new customer deals worth $10 million. UltraTech Cement net plunged 38%. Vakrangee profit soared 56%. Wipro net increased 4%.

Record U.S. Indexes as Investors Weigh Earnings

Nichole Harper
17 Jan, 2014
New York City

U.S. stocks traded sideways and investors digested several earnings reports. General Electric earnings rose but fell short of expectations. American Express net doubled. Morgan Stanley and UPS results were lower than expected. Consumer confidence index eased in December.

Tokyo Indexes Drift Lower

Hiruki Nakamura
17 Jan, 2014
New York City

Stocks in Tokyo traded mixed and market indexed fell 0.9% in the week. Foreign investors sold a net 287 billion yen of Japanese stocks in the week ending on Jan 10, Ministry of Finance reported today. Nintendo dropped on weak outlook.

American Express, Morgan Stanley Rise; GE, Intel Fall

Mukesh Buch
17 Jan, 2014
New York City

American Express net doubled. Carlyle agreed to acquire Ortho-Clinical business of J&Johnson for $4.15 billion. GE net jumped 5%. Morgan Stanley net plunged 85% but revenue jumped 11%. Intel net advanced 6%. Schlumberger net surged 22%.

Europe Earnings: Accor, Essilor Intl, Pandora, Shell

Nigel Thomas
17 Jan, 2014
New York City

Accor said quarterly sales fell 3% to

Australian Indexes Fall 0.1%, Aussie Dollar at 42-Month Low

Marcus Jacob
17 Jan, 2014
New York City

Australian market indexes closed lower on Friday and declined 0.1% in the week. The Aussie dollar continued its steady slide and dropped to a 42-month low. Woodside Petroleum secured a site to build LNG processing facility in Canada.

Reliance Industries and Tata Consultancy Report Record Profits

Mukesh Buch
17 Jan, 2014
New York City

HDFC Bank net surged 25%. Hindustan Zinc net jumped 7%. ITC net soared 16.3%. MindTree plunged after net declined 31%. Reliance net rose 0.2% to $0.9 billion and revenue jumped 10% to $17.2 billion. TCS net surged 15%.

Wall Street Stocks Lower on Earnings Disappointments

Nichole Harper
16 Jan, 2014
New York City

U.S. market indexes drifted lower after weaker than expected earnings from Citigroup, Goldman Sachs and United Health. Best Buy Co plunged nearly one third after sales lagged in holiday period. Weekly jobless claims declined 2,000 last week.

Best Buy Plunges 28%, Weak Results from Citi and Goldman

Mukesh Buch
16 Jan, 2014
New York City

BlackRock net surged 24% and revenue jumped 9%. BB&T net advanced 6%. Best Buy holiday sales dropped. Citigroup fourth-quarter net plunged 17%. Goldman Sachs net climbed 6%. UnitedHealth net surged 15% on revenue increase of 8%.

Volatile Nikkei Closes Higher, Japanese Machinery Orders Rise

Hiruki Nakamura
16 Jan, 2014
New York City

Stocks in Tokyo diverged and market indexes closed higher at close in a volatile trading session. Core machinery orders surged 9.3% in November. Mitsubishi Motors advanced 8% on 154% sales surge in China.

Europe Earnings: Sports Direct, Richemont, Carrefour, Home Retail, Ahold

Nigel Thomas
16 Jan, 2014
New York City

Sports Direct acquired 4.63% stake of Debenhams. Richemont revenues gained 3% to

Australian Markets Rebound, Miners Report Production Growth

Marcus Jacob
16 Jan, 2014
New York City

Australian market indexes rebounded on better-than-expected production reports from mining and energy companies. The Aussie dollar edged lower. Rio Tinto said annual production in Pilbara region increased 5%. Woodside Petroleum sales declined less than expected.

India Movers: Axis Bank, Bajaj Auto, HCL, KEC, LIC Housing, L&T

Mukesh Buch
16 Jan, 2014
New York City

Axis Bank net climbed 19% Bajaj Auto net soared 11%. HCL net jumped 6%. KEC Intl secured orders worth Rs 1,215 crore. LIC Housing Finance net surged 38%. L&T unit secured new orders for Rs 1,000 crore.

Market Update