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U.S. Jobless Claims Rise; Tech Stock Rise on Cisco Earnings

Nichole Harper
16 May, 2013
New York City

U.S. market indexes traded sideways and weekly jobless claims jumped to a six-week high. Tech stocks were in favor after Cisco reported strong earnings. Wal-Mart eased after the U.S. same store sales declined 1.4% in the quarter.

U.S. Movers: Brady, Cisco, Dillard's, Kohl

Mukesh Buch
16 May, 2013
New York City

Brady third quarter net plunged 85% and Cisco net climbed 15%. Dillard''s first quarter net surged 27% and Kohl

Europe Earnings: Aviva, Dixons, National Grid, Richemont, Thomas Cook

Nigel Thomas
16 May, 2013
New York City

Aviva first quarter sales were flat at

Economy in Japan Expands but Capital Spending Falls, Banks Close Lower

Hiruki Nakamura
16 May, 2013
New York City

Japanese GDP expanded 0.9% in the March quarter as consumer spending increased but the GDP deflator indicated price weakness, highlighting tough road ahead for the central bank. Three largest banks in Japan estimated weak earnings as aggressive monetary easing squeezes bond trading profits.

Australian Dollar at 11-Month Low, Gold Stocks Plunge

Marcus Jacob
16 May, 2013
New York City

Australian indexes closed lower after a weakness in resource stocks. Precious metal miners were in focus after gold fell below $1,400-mark. Australian dollar eased and extended plunge to 11-month low and the currency is down 10% from its high. Virgin Australia dives 17% on profit warning.

India Movers: Adani, Bajaj Auto, L&T, RCapital, Tata Motors, TTK

Mukesh Buch
16 May, 2013
New York City

Adani Ports fourth quarter net soared nearly three-fold. Bajaj Auto net slid 1% and Bajaj Finserv net rose 4%. L&T secured new orders worth Rs 2,542 crore and plans to sell India

Sixth-Quarterly Decline in Europe Zone Economies, BoE Lifts Outlook

Nigel Thomas
15 May, 2013
New York City

Market indexes in Europe closed higher and the euro zone economies shrank for the six quarter in a row. Germany barely grew and France dipped to a recession and the economies of Spain and Italy shrank 0.5% in the March quarter. Bank of England lifted economic growth outlook.

U.S. Movers: Agilent, Computer Sciences, Deere, Macy

Mukesh Buch
15 May, 2013
New York City

Agilent Tech second quarter net plunged 35% and Computer Sciences fourth quarter net swung to $281 million profit. Deere net rose 2% above $1 billion and Macy

U.S. Indexes Trend Higher, Industrial Production Falls

Nichole Harper
15 May, 2013
New York City

U.S. stocks traded sideways but markets in Europe declined and in Asia extended recent highs. U.S. industrial production in April declined the most in eight months and producer price index fell 0.7%.

Europe Earnings: easyJet, ITV, LSE, Severn Trent, ThyssenKrupp, TUI

Nigel Thomas
15 May, 2013
New York City

easyJet loss in the first-half narrowed and ITV expects revenue to fell in first-half. LSE operating profit for the year fell 3% to

Yen's Slide Lifts Nikkei Above 15,000 After 5-Years

Hiruki Nakamura
15 May, 2013
New York City

Nikkei in Tokyo resumed its advance and jumped 2.3% and crossed 15,000 for the first time in five and a half years. For the year, the Nikkei has soared 45% on top of 23% rise in 2012. Mitsubishi UFJ Financial net declined and Isuzu Motor earnings were ahead of expectations.

Australian Indexes Track Lower Iron Ore Price, UGL Plunges 17%

Marcus Jacob
15 May, 2013
New York City

Australian indexes slipped after spot iron ore price declined in China and BHP highlighted restrained capital expenditure plan. Australian dollar traded at a new low for the year. UGL Limited plunged 17% on lowered earnings outlook.

India Movers: Bajaj, DLF, GVK Power, Hindalco, Pfizer, Muthoot Finance

Mukesh Buch
15 May, 2013
New York City

Bajaj Finance fourth quarter net soared 52% and DLF offering was oversubscribed. GVK Power net loss widened and Novelis controlled by Hindalco said its net dropped to $202 million. Pfizer net climbed 21% and Karnataka Bank declined 19%. Muthoot Finance net plunged 26%.

U.S. Movers: Pan American Silver, Sony, Ranbaxy, Valspar

Mukesh Buch
14 May, 2013
New York City

Pan American Silver second quarter net plunged 60% and Post Holdings net tumbled 59%. Sony jumped after hedge fund Third Point proposed spin-off of its entertainment division. Ranbaxy settles U.S. claims for $500 million. Valspar second quarter net edged up.

U.S. Stocks Extend Gains, Global Markets Cautious

Nichole Harper
14 May, 2013
New York City

U.S. indexes traded higher after bulls took charge of trading and financials and industrials led the gainers. Import price index fell 0.5% on lower oil prices. Euro declined after German investor confidence index was lower than expected and industrial production increased in the euro zone.

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