ticker

Europe Earnings: Aurubis, ICAP, Intesa Sanpaolo, Severn Trent, Tata Steel

Nigel Thomas
14 May, 2013
New York City

Aurubis second quarter net declined 80% and ICAP net for the year plunged 18%. Intesa Sanpaolo first quarter net tumbled 62%. Tata Steel wrote off $1.6 billion for its Corus purchase and blamed on European steel demand weakness.

Tokyo Stock Retreat; Pioneer, Yamaha Motor in Focus

Hiruki Nakamura
14 May, 2013
New York City

Stocks in Tokyo traded lower and the yen declined and market indexes edged lower from the recent 5-year highs. Yamaha Motor reported lower than expected earnings. Pioneer surged 26% after the company plans to sell stakes to Mitsubishi Electric and NTT DoCoMo.

Australia Faces Rating Downgrade as Budget Deficit Soars to $19 Billion

Marcus Jacob
14 May, 2013
New York City

Australian government delayed its goal of returning to a budget surplus to 2015 and revised its deficit estimate for the current fiscal year to $19.4 billion. Australia faces a possible credit rating downgrade after the latest budget estimate.

India Movers: Ranbaxy Settles U.S. Claims, Tata steel Writes off $1.6 billion

Mukesh Buch
14 May, 2013
New York City

Amtek Auto third quarter net soared nearly three-fold and Dr. Reddy

U.S. Movers: Cellcom, Dell, Elan, Stratasys, Valhi

Mukesh Buch
13 May, 2013
New York City

Cellcom Israel first quarter net plunged 61% and Dell special committee seeks information from Carl Icahn. Elan Corporation agreed to pay $1 billion to buy 21% royalties. Valhi net swung to profit.

Stocks on Wall Street Search Direction, Retail Sales Rise

Nichole Harper
13 May, 2013
New York City

Stocks on Wall Street traded sideways and retail sales in April rose unexpectedly. Markets in Europe eased but in Japan soared after the yen dropped to a new 5-year low.

Yen Slides to 5-Year Low and Lifts Nikkei to a New High

Hiruki Nakamura
13 May, 2013
New York City

The yen declined more and broader market indexes extended gains after G7 ministers offered a tacit approval to the latest yen weakness. Traders are looking for the yen to drop to 115 against one dollar and the Nikkei index to jump above 15,000. Exporters were in demand in trading today.

Europe Earnings: Blinkx, Lonmin, Partnership Assurance, Via Varejo

Nigel Thomas
13 May, 2013
New York City

Blinkx profit for the year surged nearly six-fold. Lonmin in the first-half climbed three-fold. Partnership Assurance Group plans a listing in London. Klein family plans to sell stake in Via Varejo for $988 million.

Australian Dollar Drops to One-Year Low, Indexes Struggle

Marcus Jacob
13 May, 2013
New York City

Australian indexes traded sideways and the dollar closed below parity with the U.S. currency and to the lowest last seen in June. Resource stocks led the decliners. Westside Retail Trust said lease rates at new leases in Australia are lower than a year ago.

India Movers: RPower Net Climbs; BOB, BOI, Dena Bank Net Decline

Mukesh Buch
13 May, 2013
New York City

Bank of Baroda fourth quarter net declined 32%, Bank of India net declined 21% and Dena Bank net plunged 51%. J.K. Cement net dropped 30%. Nestle India net was nearly flat and RPower net climbed 15%. Sobha Developers net declined 28%.

U.S. Movers: Apache, Dell, Dish Network, Priceline, Telus

Mukesh Buch
10 May, 2013
New York City

Apache first quarter net dropped 9% and CareFusion quarterly net surged 163%. Dish Network net declined 40% and Telus Corp net jumped 14%. Priceline net climbed 40% to $244.3 million. Telus Corp net jumped 14%.

Europe Earnings: BT Group, TUI Travel, UniCredit

Nigel Thomas
10 May, 2013
New York City

BT Group fourth quarter profit slipped 5% to

U.S. Stock Futures Advance as G-7 Ministers Meeting Lack Focus

Nichole Harper
10 May, 2013
New York City

U.S. stocks are trending higher in early trading on the back of sustained weekly rally in European and Asian markets. The Yen dropped below 100-mark and extended year-to-date advance in Nikkei above 40%.

U.S. Indexes Flat, Weekly Jobless Claims at 5-Year Low

Nichole Harper
09 May, 2013
New York City

U.S. indexes traded near flat line after weekly jobless claims dropped to the lowest since January 2008 and inventories at wholesalers increased in March indicating a possible slowdown in orders.

India Movers: RCom Repaid $500 million Loan, NDTV Soars on Profit

Mukesh Buch
10 May, 2013
New York City

Ashok Leyland fourth quarter net plunged 42% and Aban Offshore signed contract in Mexico worth $177 million. Central Bank of India and NDTV net swung to profit and Escorts net soared 62%. NTPC net jumped 69% and RCom repaid syndicated loan of $500 million.

Market Update