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Europe Earnings: Bellway, Hornby, Kcom, Severn Trent

Nigel Thomas
07 Jun, 2013
New York City

Bellway reservations in the last four months soared 31%. Hornby revenues dropped and net swung to a loss. Kcom revenue slid to

Australian Indexes in Correction with 10% Loss from May Peak

Marcus Jacob
07 Jun, 2013
New York City

Australian construction industry contracted in the third year and market indexes extended losses in the week. For the week, the ASX 200 index dropped 3.8% after losing 9% in May. The Australian dollar declined to a new one-year low against the U.S. dollar.

India Movers: Aban Offshore, IOC, Polaris, Shipping Corp, Tata Power

Mukesh Buch
07 Jun, 2013
New York City

Aban Offshore secured contract worth $200 million from ONGC. IOC dropped and government appointed bankers to divest 10% stake. Polaris surged on takeover speculation. Tata Power won contracts worth $1.8 billion.

U.S. Movers: Ann, Amerco, Ascena Retail, Ciena, rue21, VeriFone

Mukesh Buch
06 Jun, 2013
New York City

Ann first quarter sales rose but net slipped. Amerco revenue rose and net surged 49%. Ascena Retail third quarter net tumbled 37%. Ciena second quarter net loss narrowed and VeriFone net swung to loss.

Correction in Volatile Japanese Markets Continues

Hiruki Nakamura
06 Jun, 2013
New York City

Tokyo stocks closed lower in volatile and directionless trading as retail investors drove total trading volume of 4.4 billion shares. Foreign investors were the largest net sellers of stocks last week since March. Yen traded below 100-mark.

Australian Trade Surplus Shrinks 95%, Dollar Loss Increases to 10%

Marcus Jacob
06 Jun, 2013
New York City

Australian indexes extended losses for the second day in a row and the dollar loss increased to 10% in the year so far. Precious metal miners dropped and Newcrest Mining fell to a new 8-year high after gold prices eased. Australian trade surplus plunged 95%.

Europe Earnings: Barclays, Heineken, ICAP, Johnson Matthey

Nigel Thomas
06 Jun, 2013
New York City

Barclays dropped after Sumitomo Mitsui sold its stake for

India Movers: BF Investment, Fortis, L&T, Sun Pharma, Tata, Transpek

Mukesh Buch
06 Jun, 2013
New York City

BF Investment net declined 52%. Fortis Healthcare plans to sell its Vietnam and Hong Kong divisions. Sun Pharma slid after Swedish drug-maker Meda denied stake sale.

U.S. Stocks Extend Losses in Europe and Japan

Nichole Harper
05 Jun, 2013
New York City

Market indexes on Wall Street accelerated the decline after a sharp fall in Tokyo and Europe. Latvia approved to join the euro zone and European auto sales extended shrinkage in the sixth year. U.S. private sector added fewer than expected net 135,000 jobs.

Abe's Speech Accelerated Steady Erosion in Japanese Stocks

Hiruki Nakamura
05 Jun, 2013
New York City

Stocks in Tokyo closed lower in volatile trading as foreign investors began unwinding yen hedge. The year-to-date gain of 30% in the Nikkei index is cut to 10% after adjusting for the yen weakness.

U.S. Movers: Analogic, Bob Evans, Cyberonics, Dell, Dollar General

Mukesh Buch
05 Jun, 2013
New York City

Analogic third quarter sales rose but net tumbled. Bob Evans revenue dropped but net jumped 23%. Cyberonics net climbed 7%. Dollar General sales and net climbed 16%.

Australian GDP Expanded at 0.6%, Indexes Fall 1.3%

Marcus Jacob
05 Jun, 2013
New York City

Australian stocks fell sharply and broader indexes dropped 1.3% after economy expanded at a slower than expected pace of 0.6% in March quarter. Trading volume picked up and Australian dollar held firm.

Europe Earnings: Elekta, Moneysupermarket.com, Tesco, Voestalpine

Nigel Thomas
05 Jun, 2013
New York City

Elekta net income for the year soared 10% to 1.35 billion krona. Moneysupermarket.com co-founders Simon Nixon plans to sale 14.8% stake. Tesco group sales in the first quarter grew 2.7%. Voestalpine net income for the year surged 33% to

India Movers: Bharti Airtel, Hindalco, Hanung Toys, Piramal, TTK Prestige

Mukesh Buch
05 Jun, 2013
New York City

Bharti Airtel shareholders approved 5% stake sell to Qatar Foundation for $5 billion. Hindalco plans to raise $900 million. Third Avenue acquired 1.7% stake of Piramal Enterprises. TTK Prestige sold a stake to Mauritius based Cartica.

U.S. Stocks Waver, Trade Deficit Rises 8.5%

Nichole Harper
04 Jun, 2013
New York City

U.S. stocks traded sideways and merger announcement of $4.5 billion hovered market sentiment as traders weighed stimulus withdrawal impact. IBM agreed to acquire SoftLayer for $2 billion and Salesforce.com agreed to buy ExactTarget for $2.5 billion. U.S. trade deficit increased 8.5% in April.

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