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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.

India Movers: Dewan Housing, HDFC, Shriram Finance

Mukesh Buch
08 May, 2013
New York City

Corporation Bank net rose 1.2% and Dewan Housing net doubled. Glenmark net jumped 11% and Housing Development Finance net climbed 17%. Jubilant and KEC Intl reported quarterly loss. Ranbaxy net tumbled 90% and Shriram Transport net climbed 17%.

Earnings and German Orders Data Lift European Markets

Nigel Thomas
07 May, 2013
New York City

European markets traded higher after German factory orders increased more than expected and earnings at Societe Generale, Commerzbank, HSBC and Allianz were ahead of expectations. German factory orders rose 2.2% in March. Portugal successfully sold long term bonds for the first-time in two years.

Global Markets Rally Lifts Stocks on Wall Street

Nichole Harper
07 May, 2013
New York City

U.S. market indexes extended world markets gains after German factory orders increased more than expected and indexes in Japan closed at a 5-year high and Australia unexpectedly lowered rates.

U.S. Movers: Alleghany, Cimarex, Directv, Fossil, Perrigo, Towers Watson

Mukesh Buch
07 May, 2013
New York City

Alleghany first quarter net and Cimarex net declined 15%. Directv net slipped 6% and Fossil first quarter net soared 24%. Perrigo net fell 3% and Rosetta Resources net climbed 140%. Towers Watson jumped 40%.

Europe Earnings: HSBC Net Climb to $6.35 billion, Commerzbank Swing to Loss

Nigel Thomas
07 May, 2013
New York City

Commerzbank said loss in the first quarter swung to

Nikkei Soars 3.6% to Close Above 14,000, Record Since 2008

Hiruki Nakamura
07 May, 2013
New York City

Stocks in Tokyo played a catch up and the Nikkei index soared 3.6% and closed above 14,000 for the first time since June 2008. Japan Steel Works soared 16% after Japanese company was awarded a nuclear plant order in Turkey.

Australia Cuts Rate to Five-Decade Low, Smaller Rebound in Trade Surplus

Marcus Jacob
07 May, 2013
New York City

Reserve Bank of Australia unexpectedly lowered its official interest rate by 25 basis points to 2.75%. Four largest banks said they will pass the full rate cut to investors. Market indexes rebounded from the low of the day but still closed down for the day.

India Movers: DEN to Raise $160 million; Emami, GSK, Sintex Net Climb

Mukesh Buch
07 May, 2013
New York City

Allahabad Bank net plunged 68%. Dabur India expanded manufacturing in Sri Lanka and DEN Networks plans to raise nearly $160 million. Emami net climbed 39% and GSK net surged 38%. Maruti said vehicles production in April dropped 7.6%. Sintex net soared 66%.

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