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Australian Dollar Gains, Home Loan Approvals Fall

Marcus Jacob
14 Oct, 2013
New York City

Australian stocks declined as world investors turned their focus to the U.S. political stalemate. In addition, China reported weaker than expected exports data and inflation picked up in September. Australian home loan approvals also fell.

Wall Street Extends 2-Day Rally on Debt Deal Hopes

Nichole Harper
11 Oct, 2013
New York City

Market indexes extended rally for the second day in a row in New York on the debt deal and government funding hopes. White House rejected the latest short term debt ceiling revision proposal and the federal government is closed for the eleventh day.

U.S. Movers: Infosys, JPMorgan, Micron Tech, SolarCity, Wells Fargo

Mukesh Buch
11 Oct, 2013
New York City

Infosys profit declined 11% but revenue climbed 15%. JPMorgan net swung to a loss on legal charges as revenue dropped 8%. Micron Tech swung to a profit $1.71 billion. SolarCity surged after fiscal outlook. Wells Fargo net surged 13% and revenue dropped 3%.

Europe Earnings: Gem Diamonds, Lloyds Bank, Royal Mail, Swedish Match

Nigel Thomas
11 Oct, 2013
New York City

Gem Diamonds sold rare 12.47 carat blue diamond and 82 carat white diamond for a total of $7.5 million. Lloyds Bank sold its Australian operations to Westpac Banking of nearly

Tokyo Leads Asian Rally, Fast Retailing Net Surges 26%

Hiruki Nakamura
11 Oct, 2013
New York City

Stocks in Tokyo and in Asian markets closed higher following a rise in New York trading. The yen weakened. The Nikkei gained the most in three months. Fast Retailing dropped 3% after it estimated lower than expected fiscal year net income.

Australian and Asian Market Follow New York Market Gains

Marcus Jacob
11 Oct, 2013
New York City

Market indexes in Australia gained following a surge in stocks in New York. Resource and bank stocks led the advance. For the week, the ASX index gained 0.3%. Dexus Property Group proposes $2.3 billion buyout for the remaining stake in Commonwealth Property Fund.

Hopeful Investors Bid Up U.S. Stocks, Leaders Meet to Discuss Short Term Plan

Nichole Harper
10 Oct, 2013
New York City

U.S. market indexes soared as hopeful investors pinned hopes on a speedy resolution to the government stalemate. Republican leaders and President Obama met this afternoon to discuss a proposal to increase short term debt limit but keep the government closed.

U.S. Movers: Fastenal, iGATE, Lindsay, Marriott, Ruby Tuesday

Mukesh Buch
10 Oct, 2013
New York City

Fastenal net jumped 9% as sales climbed. iGATE net rose 13%. Lindsay net earnings surged 18% after revenue soared 16%. Marriott net tumbled 23% and Ruby Tuesday net declined 12%.VOXX Intl profit surged 32%.

Europe Earnings: CCG, Hays, Melrose Ind, N Brown, SSE, WH Smith

Nigel Thomas
10 Oct, 2013
New York City

Melrose sold Crosby and Acco to private equity group KKR for

Australian Jobless Rate Falls and Stocks Closed Lower

Marcus Jacob
10 Oct, 2013
New York City

Australian market indexes traded lower in a choppy session. Jobless rate in Australia declined from a four-year high to 5.6% in September. Bank of Queensland swung to annual net profit on lower operating costs.

Markets Cut Losses After Yellen Pick, Fed Estimates Taper Before 2014

Nichole Harper
09 Oct, 2013
New York City

Investors appear to take the debt and budget talk impasse in stride and hoped a last minute deal before the end of the month. President Obama is set to announce the appointment of Janet Yellen as the next Fed Chairman. Most policy makers at the Fed see tapering to kick in the before the year end.

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