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Europe Earnings: Kingfisher, Ryanair, Tate & Lyle

Nigel Thomas
30 May, 2013
New York City

Kingfisher revenue in the first quarter slid 2% and profit plunged 29%. Ryanair plans to sale stake in Aer Lingus on regulatory pressure. Tate & Lyle sales jumped but profit declined.

Nikkei Plunges 5%

Hiruki Nakamura
30 May, 2013
New York City

The Nikkei index plunged 5% and the Topix index dropped 3.8% as investors feared market surge may have been overdone. The yen eased and electronics exporters and automakers led the decliners. Fast Retailing plunged 11%.

Weak Australian Capital Spending Drags Indexes

Marcus Jacob
30 May, 2013
New York City

Australian indexes slipped on the global uncertainties but the dollar rebounded after private sector capital spending was lower than expected in March quarter. Online spending increased to 6% of total retail sales according to a private survey.

India Movers: Cadila, Cipla, IOC, M&M, NMDC, ONGC, Tata, Torrent

Mukesh Buch
30 May, 2013
New York City

Cadila Health net surged 54% but Cipla net declined 8%. IOC net profit climbed but ONGC profit plunged. M&M net surged. Madras Cements and NMDC net tumbled. Tata Motors net swung to a loss. Torrent Power net plunged.

U.S. Movers: Brown Shoe, Chico

Mukesh Buch
29 May, 2013
New York City

Chico

Europe Earnings: De La Rue, SalMar, Telford Homes

Nigel Thomas
29 May, 2013
New York City

De La Rue revenue dropped 8% but pre-tax profit for the year jumped 57% to

U.S. Indexes Lower on European Market Weakness

Nichole Harper
29 May, 2013
New York City

On Wall Street indexes fell and European markets dropped more than 1.5%. The dollar edged higher and trading sentiment was driven by the Fed bond buying timetable uncertainty. Smithfield Foods agreed to a deal from China based company. Stewart Enterprises agreed to a merger with Service Corp.

European Markets in Broad Decline of 1.5%

Nigel Thomas
29 May, 2013
New York City

European markets accelerated the decline in early afternoon from the 10% surge in six weeks on the uncertainty surround when the Fed plans to trim buying. Market indexes across the region fell as much as 1.8% and the euro weakened.

India Movers: Aditya Birla, Godrej, Hindalco, Power Grid, Sun Pharma

Mukesh Buch
29 May, 2013
New York City

Aditya Birla Nuvo sales and profit jumped. Godrej net surged and HDIL net swung to loss. Hindalco and NHPC profit plunged more than 25%. Power Grid and REC net climbed. Sun Pharma net soared 23% and Vardhman profit surged.

Nikkei and Japanese Bond Yields Rise, Yen Eases

Hiruki Nakamura
29 May, 2013
New York City

Nikkei index in Tokyo closed higher as retail investors increased stock exposure and the yen weakened. Life insurance companies gained after 10-year Japanese government bond yield rose to 0.95%.

Australian Construction Shrank 2%, New Home Sales Gained 3.9%

Marcus Jacob
29 May, 2013
New York City

Australian market index inched up for the second day in a row after five-day sell-off. Construction work in the March quarter unexpectedly declined. New home sales increased 3.9% to 6,000 units in April.

U.S. Movers: Bank of Nova Scotia, Campbell Soup, Tiffany, Valeant

Mukesh Buch
28 May, 2013
New York City

Bank of Nova Scotia revenue and net jumped. Campbell Soup agrees to acquire Plum Organics. Fidelity National acquires LPS for $2.9 billion. Tiffany net rose as sales climbed. Valeant agree to acquire Bausch & Lomb in $8.7 billion in cash.

Europe Earnings: AstraZeneca, A.G. Barr, St James, Victrex

Nigel Thomas
28 May, 2013
New York City

AstraZeneca agreed to acquire Omthera for $323 million. A.G. Barr profit for the year dropped 9% as carbonates revenue climbed 7%. The Crown Estate invests

Indexes on Wall Street Gain 1%, Home Price Index Rises

Nichole Harper
28 May, 2013
New York City

Market indexes in New York surged more than 1% and metropolitan home price index gained more than expected in March. World markets traded higher after central bankers around the world offered positive comments in the support of higher financial markets.

Nikkei Reverses Course for Now as the Yen Slides

Hiruki Nakamura
28 May, 2013
New York City

The Nikkei index in Tokyo jumped as much as 1.4% after two-day decline of more than 10%. The yen reversed its course and export sensitive companies led the rebound. Sony and Panasonic are increasingly focusing on the markets in India as the demand for electronic devices boom.

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