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Nikkei Soars 2.5%, Tokyo to Host 2020 Olympic Games

Hiruki Nakamura
09 Sep, 2013
New York City

Nikkei index in Tokyo soared after Tokyo was selected to host summer 2020 Olympic Games. Real estate companies led the advance of 2.5% in the Nikkei. Japan revised higher second quarter economic growth to an annual rate of 3.8% and the yen declined 0.6%.

Europe Earnings: BG Group, Christian Dior, Glaxo, IGas, Munich Re

Nigel Thomas
09 Sep, 2013
New York City

BG Group declined after energy explorer lowered 2014 production estimates. Christian Dior may buy back as much as 550,000 shares. Epistem plunged 17% on weak fiscal outlook. Glaxo sells its two brands to Japan based Suntory Beverage for

Australian Stocks Close Higher, Labor Party Voted Out

Marcus Jacob
09 Sep, 2013
New York City

Australian stocks participated in a regional rally a day after the nation elected new party and a new leader to govern the nation. Australian dollar was firm and business leaders voiced optimism about the scraping of carbon tax. Total home loans issued increased 2% in July.

U.S.Labor Data Signals Jobless Recovery, Syria Skepticism Persists

Nichole Harper
06 Sep, 2013
New York City

U.S. indexes advanced after choppy trading. U.S. employers added 169,000 net new jobs in August but June and July monthly increase were revised lower. Unemployment rate fell to 7.3%. World leaders are skeptical about the U.S. allegations and military strike preparations.

U.S. Movers: Finisar, Hurco, Mattress Firm, VeriFone, UTi Worldwide

Mukesh Buch
06 Sep, 2013
New York City

Finisar net surged as revenue jumped 21%. Hurco sales dropped 10% and profit tumbled 78%. Mattress Firm profit jumped 5% and Piedmont Natural Gas net loss narrowed 50%. Smithfield Foods net plunged 36% but sales climbed 10%. VeriFone net swung to a loss.

Nikkei Drop of 1.5% Trims Weekly Rise to 3.5%

Hiruki Nakamura
06 Sep, 2013
New York City

Stocks in Tokyo gained and the Nikkei index declined 1.5% and gained 3.5% in the week. Construction companies and real estate developers led the decliners after surging as much as 45% in the year on the jitters that Tokyo may not be selected to host 2020 Olympic Games.

Europe Earnings: Air France, Gable Holding, ProSiebenSat 1, Tullow

Nigel Thomas
06 Sep, 2013
New York City

Air France said August traffic climbed 4.9%. Gable Holding profit in first-half jumped 10% as revenue surged 77%. Telegraaf Media sold entire stake of ProSiebenSat 1 Media for

Tough Road for Labor in Saturday's Election in Australia

Marcus Jacob
06 Sep, 2013
New York City

Australian stocks closed higher ahead of national election scheduled on Saturday. Governing Labor Party is lagging in opinion polls and nearly 15 million people are eligible to vote. Australia is facing a waning mining boom and rising government deficit.

India Movers: Elder Pharma, Fortis, Hexaware, L&T, M&M, Sesa Goa

Mukesh Buch
06 Sep, 2013
New York City

Elder Pharma slid after Sanofi India may buy its formulation business. M&M Financial and a Korea based Woori Financial Group signed a joint venture agreement. Sesa Goa 2.09 billion shares ready to trade after ends of lock-in period and mergers.

Europe Earnings: Airbus, Dixons Retail, SKF, Telecom Italia

Nigel Thomas
05 Sep, 2013
New York City

Airbus secured order for 40 aircrafts from Delta Air Lines. Dixons Retail closed its online store Pixmania and also agreed to sell-off its Turkish operations. SKF agreed to buy U.S-based Kaydon for $1.25 billion in cash.

U.S. Movers: Alliant Tech, Conn

Mukesh Buch
05 Sep, 2013
New York City

Alliant Techsystems agreed to acquire Bushnell Group for $985 million in cash. Conn

ECB Lifts GDP Outlook, BoE Leaves Rate, Bond Program Unchanged

Nigel Thomas
05 Sep, 2013
New York City

The European Central Bank lifted its outlook for GDP in the current year to a shrinkage of 0.4% from the earlier estimate of 0.6% in June.

U.S. Stock Advance on Auto Sales, Economic Data

Nichole Harper
05 Sep, 2013
New York City

U.S. market index traded higher and weekly jobless claims declined 9,000 to 323,000. Service industry index tracked by a private company showed an expansion in the U.S. Auto sales in August were the best in five years as consumers show willingness to replace ageing vehicles.

Japanese Shippers Surge on Freight Rate Hike, Automakers in Focus

Hiruki Nakamura
05 Sep, 2013
New York City

After a day of volatile trading stocks in Tokyo closed lower and the yen weakened for the third day in a row. Shipping companies traded higher after freight rate index soared 4%. Japanese auto makers reported strong auto sales in August in the U.S.

Australian Resource Stocks Decline, Trade Balance Swings to Deficit

Marcus Jacob
05 Sep, 2013
New York City

Australian market indexes recovered from the mid-day lows and trimmed loss to 0.4%. Weak commodities prices dragged resource stocks lower. Air New Zealand won regulatory approval to increase its stake in Virgin Australia to become the largest shareholder.

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