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Market Update

Australian Markets Drop 1.5%, Merger Activities Surge in 2013

Marcus Jacob
14 Jan, 2014
New York City

Australian market indexes came under pressure after investors worried about stretched valuations and rising uncertainties linked to commodities exports. Merger activities in Australia jumped 67% in 2013.

Europe Earnings: Ashmore, ASOS, Balfour Beatty, BSkyBCelesio, SGPS

Nigel Thomas
14 Jan, 2014
New York City

Ashmore tumbled 13% after assets under management declined to $75.3 billion. ASOS plunged 7% despite sales increased 38% to

India Movers: CMC, Gujarat Apollo, Merck, NIIT, VA Tech Wabag

Mukesh Buch
14 Jan, 2014
New York City

CMC plunged as net jumped 5% but revenue was flat. Jay Bharat Maruti net surged 64%. NIIT Technologies net dropped 5% and revenue climbed 14%. VA Tech Wabag won Rs 250 crore order from Bangalore.

U.S. Movers: Alnylam, Beam, Lululemon, Twitter, Wendy's

Mukesh Buch
13 Jan, 2014
New York City

Alnylam surged 65% after Sanofi offered to take 12% stake. Beam agreed to be acquired by Japan-based Suntory for $16 billion. Lululemon shares tumbled 16% on weaker than expected fourth-quarter outlook. Wendy''s lifted same store sales outlook.

Europe: Sanofi to Buy $700 Million Stake in Alnylam

Nigel Thomas
13 Jan, 2014
New York City

Alcatel Lucent plans to sell-off its enterprise business. Amec agreed to buy Foster Wheeler AG for $3.2 billion. Continental expects sales to grow 5%. Suedzucker net declined 6% to

India Movers: Dishman, Exide, GMR Infra, GVK Power, NMDC, Tata

Mukesh Buch
13 Jan, 2014
New York City

Dishman Pharma plans to sell its China plant. Exide net declined 26% and revenue plunged 11%.GMR Infra expects revenue to grow modestly. GVK Power plans to sell stake in its airport business. NMDC said third-quarter production and sales rose. Tata Steel sales jumped 9%.

Australian Home Loan Approval Rise 1.1%, Telstra Sells Directories Business

Marcus Jacob
13 Jan, 2014
New York City

Australian market indexes dropped in weak trading volume and miners closed lower. Home loan approvals in November increased 1.1% to 52,912. Telstra sold its Sensis directories business at a significantly lower than expected price. Saputo extended its offer one more time.

Severe Cold Dampened U.S. Jobs Data, Stocks Fluctuate

Nichole Harper
10 Jan, 2014
New York City

U.S. stocks traded sideways and employers at all levels added fewer than expected 74,000 jobs in December. Average monthly payroll increase of 182,000 matched previous two years. Jobless rate declined to 6.7%. Sears Holdings plunges after dismal holiday performance.

U.S. Movers: Alcoa, Five Below, Park Electrochemical, Sears, Synnex

Mukesh Buch
10 Jan, 2014
New York City

Alcoa net swung to a loss of $2.34 billion and pleaded guilty to a criminal charge and agreed to pay $384 million in penalties. Five Below declined on outlook. Sears Holdings tumbled after forecasted adjusted loss in quarter and for year. Synnex net dropped 5%.

Europe Earnings: Cineworld, Lufthansa, Hilton Food, SAP, Tullow Oil

Nigel Thomas
10 Jan, 2014
New York City

Cineworld Group plans to acquire Cinema City International for

Weekly Drop of 2.3% in Tokyo

Hiruki Nakamura
10 Jan, 2014
New York City

Nikkei index in Tokyo gained 0.2% and fell 2.3% in the week. The yen traded near 105 against the U.S. dollar. Investors await structural reforms announcement from the government.

India Movers: Goa Carbon, MTNL, Reliance, Va Tech Wabag

Mukesh Buch
10 Jan, 2014
New York City

IndusInd Bank net surged 30% as non-performing assets jumped to 1.2%. MTNL declined despite Union Cabinet clearing spectrum refunds. Reliance said gas production at KG-D6 fields increased 15%. Va Tech Wabag secured order worth $40 million from Tanzania.

Australian New Home Sales Surge 7.5%, Stocks Extend Losses

Marcus Jacob
10 Jan, 2014
New York City

Australian new home sales surged 7.5% on a 30% surge in multi-unit sales. Market indexes extended losses on growing worries about China

U.S. Indexes Drop 0.5%, Rates in Europe on Hold

Nichole Harper
09 Jan, 2014
New York City

U.S. indexes declined on weak retailers and weekly jobless claims declined European Central Bank noted progress in the economic growth but left its reference rate at historic low of 0.5%. Yesterday, Bank of England left its lending rate unchanged.

U.S. Movers: Acuity, Bed Bath Beyond, Family Dollar, Global Payments

Mukesh Buch
09 Jan, 2014
New York City

Acuity Brands net surged 70% and sales climbed 20%. Bed Bath & Beyond net climbed 9%. Family Dollar fell 3% but net sales rose 3%. Global Payments net jumped 5% on revenue increase of 8%. Nordion net swung to profit. Supervalu net doubled.