ticker

European Markets Advance, Bankia Investors to Sue Bank of Spain

Nigel Thomas
10 May, 2013
New York City

European indexes extended gains for the fifth day this week on the back of sustained support from the central banks, mixed earnings report and rising economic expectations in Japan and the U.S. German exports rose more than expected in the quarter to March.

Nikkei at New 5-Year High as Dollar Crosses 100 Yen Level

Hiruki Nakamura
10 May, 2013
New York City

The Nikkei index in Tokyo surged as the yen weakened below 100, the closely watched hurdle. The Nikkei index surged more than 7% in the week and soared 40% in the year so far. Japan swung to a current account surplus in March. Nikon Corp and Mitsui Fudosan gained on earnings outlook.

Australian Dollar Slides, RBA Lowers Inflation Outlook

Marcus Jacob
10 May, 2013
New York City

Australian dollar traded lower after Reserve Bank of Australia held its economic growth outlook and lowered its inflation estimate. Indexes rallied following a surge in Asian markets.

Bank of England on Hold, Spanish Debt Auction Exceeds Target

Nigel Thomas
09 May, 2013
New York City

Bank of England left its interest rate and bond buying program intact. Spanish treasury sold more than its maximum target in bond auction today. UK industrial production increased more than expected.

U.S. Movers: Agrium, Green Mountain, News Corp, Rackspace, Tesla

Mukesh Buch
09 May, 2013
New York City

Agrium first quarter net dropped 9% and Green Mountain quarterly net soared 42% and signed partnership with Starbucks. News Corp surged to $2.85 billion and Sun Life net plunged 25%. Precision Castparts fourth quarter net soared 25% to $414.2 million.

Europe Earnings: Anite, Experian, Old Mutual, Snam, SuperGroup, Morrison

Nigel Thomas
09 May, 2013
New York City

Anite forecast lower fiscal revenue. Eni SpA sold 11.7% in Snam SpA for

Cautious Japanese Corporations Hold Earnings Outlook, Sony Struggles

Hiruki Nakamura
09 May, 2013
New York City

Stocks in Tokyo traded down after a string of earnings announcements and the yen advanced. Corporations are holding out cautious outlook estimating profitability in the current fiscal year at 90 yen to a dollar.

Australian Jobless Rate Declined to 5.5%; NAB, News Corp, Santos in Focus

Marcus Jacob
09 May, 2013
New York City

Australian stocks took a breather and April jobless rate decreased to 5.5%. News Corp third quarter net increased to $2.8 billion. Santos Limited raised expectation for higher dividend. NAB said first half net increased 23%.

India Movers: ABB, Asian Paints, Indian Bank, PNB, SKS Micro

Mukesh Buch
09 May, 2013
New York City

ABB first quarter net declined 11% and Asian Paints net slid 2%. Indian Bank net dropped 15% and Punjab National Bank net plunged 21%. Prism Cement net declined 61% and SKS Microfinance net swung to profit. Sundaram-Clayton net dropped 26%.

European Markets Advance on German Industrial Data and Earnings

Nigel Thomas
08 May, 2013
New York City

European markets extended gains for the third day in a row after a string of positive earnings reports and German industrial activities increased more than expected in March. ING, Deutsche Telekom and Delhaize Group SA led the gainers earnings results.

U.S. Extends 3-Day Global Markets Rally

Nichole Harper
08 May, 2013
New York City

U.S. indexes traded flat after positive earnings Electronic Arts and Whole Foods. Global markets extended rally for the third day after German industrial activities was ahead of expectations and Chinese imports rose faster than expected.

U.S. Movers: Cognizant, CA, Marathon Oil, Walt Disney, Whole Foods

Mukesh Buch
08 May, 2013
New York City

Cognizant first quarter net climbed 17% and CA quarterly net soared 14%. Marathon Oil first quarter net dropped 8%. Papa John

Nikkei and Topix at New 5-Year Highs; Toyota Operating Net Jumps 4-fold

Hiruki Nakamura
08 May, 2013
New York City

Stocks extended gains for the second day as earnings season reaches peak. After the close, Toshiba reported a 25% decline from its guidance in operating profit and Toyota Motor said operating net soared four-fold. NGK Spark Plug soared 7% on its outlook.

Europe Earnings: Brenntag, Deutsche Telekom, ING Groep, Sainsbury

Nigel Thomas
08 May, 2013
New York City

Brenntag first quarter profit dropped 12% and Deutsche Telekom profit for the quarter jumped 4% to

Australian Indexes Rebound on Chinese Trade Data

Marcus Jacob
08 May, 2013
New York City

Australian index closed higher after China reported faster growth in imports that exports. Resource stocks led the market recovery. Rio Tinto said it is on track for its iron ore expansion plans.

Market Update