ticker

Nikkei Surges 2% on Fed Statement and China Data

Hiruki Nakamura
22 May, 2014
New York City

Market indexes in Tokyo shot up and investors looked at international developments. Nikkei soared 2.1% after the U.S. Fed held its low interest rate policy intact and a private survey in China indicated a slight improvement in manufacturing. Modi is set takeover as Prime Minister in India on Monday.

Australian Indexes Soar 1%, James Hardie Surges 6%

Marcus Jacob
22 May, 2014
New York City

Australian market indexes closed higher after the latest private manufacturing survey showed a slight uptick in activities. Investors also bid up stocks after Fed estimated low interest rates to continue in the near future. James Hardie soared 6% after annual net income doubled.

Russia and China in 30-Year Gas Deal on New Geopolitical Realities

Bikram Pandey
21 May, 2014
New York City

Russia and China agreed on a natural gas after a decade long discussions culminated under a new geopolitical realities. The $400 billion deal over 30 years is expected to diversify Russian energy customer base and offer added energy securitiy to China.

Fed Statement Powers Stock Advance on Wall Street

Nichole Harper
21 May, 2014
New York City

U.S. market indexes traded higher after Fed policy makers debated options and impacts of higher interest rates regime. The policy makers at the central bank see no inflation risk in the near term despite the pickup in economic activities.

Japan's Trade Deficit in April Narrows, BoJ Leaves Policy Intact

Hiruki Nakamura
21 May, 2014
New York City

Bank of Japan left its ultra-accommodative monetary policy intact and offered a positive assessment of the economy after a two-day meeting. Japan

Australian Indexes Struggle on Weak Iron Ore Prices

Marcus Jacob
21 May, 2014
New York City

Australian market indexes struggled and declined at close on the persistent weakness in iron ore prices. The wage price index in the March quarter increased 0.7%, the slowest pace in 16 years. Woodside Petroleum Limited walked away from its joint venture in Israel.

India Movers: Essar Oil, Mangalore Refinery, NIIT, VIP, ZF Steering

Mukesh Buch
21 May, 2014
New York City

Essar Oil soared after net climbed four-fold. MRPL surged after net swung to profit. Manjushree Technopack net jumped 73%. NIIT net surged four-fold. Readymade Steel secured a piling contract worth Rs 150 crore in Singapore. VIP profit soared 217%

Credit Suisse Settles U.S. Charges for $2.6 B and Pleads Guilty

Nichole Harper
20 May, 2014
New York City

Credit Suisse Group AG agreed to a criminal wrongdoing as a part of a deal with the U.S. Justice Department for helping U.S. citizens to hide their wealth and income in offshore trusts.

Broad Sell-off in U.S. Stocks, World Markets Cautious

Nichole Harper
20 May, 2014
New York City

U.S. stocks trended lower and small cap led the decliners and extended five-week losses to near 9%. Credit Suisse agreed to a guilty plea and pay $2.6 billion fines to U.S. regulators. European markets declined on mixed earnings news.

Home Depot, Ophthotech Jump; Cato, Dicks Sporting, Staples, TJX Drop

Mukesh Buch
20 May, 2014
New York City

Cato net fell 3% but sales jumped. Dicks Sporting net jumped 5%. Donaldson net slid 4%. Home Depot profit climbed 13%. Medtronic net tumbled 54%. Staples net plummeted 43%. TJX net edged up 0.3%.

Europe Earnings: Greencore, Marks & Spencer, Vodafone, United Internet

Nigel Thomas
20 May, 2014
New York City

Greencore surged after sales jumped 8% to

Yen Gains in Tokyo, Yamaichi Electronics and Suntory in Focus on Earnings

Hiruki Nakamura
20 May, 2014
New York City

Nikkei index in Tokyo closed up and the yen closed higher for the second day in a row. Bank of Japan is scheduled to complete its 2-day meeting tomorrow and investors are looking for additional stimulus measures.

Australian Markets Trim Early Losses

Marcus Jacob
20 May, 2014
New York City

Australian market indexes closed higher after stocks searched for a direction in early trading. Telstra closed at a new high. Treasury Wines gained after a takeover offer from KKR. Consumer confidence index declined according to a private poll.

India Movers: Aditya Birla Nuvo, Bhel, FDC, RPower, RInfra, Whirlpool

Mukesh Buch
20 May, 2014
New York City

Aditya Birla Nuvo net dropped 12%. Bhel signed a contract to set up a power plant in Indonesia. Munjal Auto profit and sales climbed. RPower net edged up but revenue climbed. RInfra net declined 14% and revenues plunged 21%. Whirlpool net surged 43%.

AT&T to Buy DirecTV for $48.5 billion; KKR, Valspar Jump

Mukesh Buch
19 May, 2014
New York City

AT&T plans to buy DirecTV for $95 per share or $48.5 billion. Campbell Soup net rose 2% but revenue nearly flat. Johnson Controls plans to spin off its $3 billion automotive-interiors business. MasterCard agreed to acquire ElectraCard. Valspar net declined 12%.

Market Update