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Euro Zone Outlook Lowered, U.S. Investors Worry Stretched Valuations

Nichole Harper
05 Nov, 2013
New York City

U.S. indexes struggled as investors questioned stretched valuations and digested latest string of earnings. U.S. government is set to release economic growth estimate on Thursday. U.S. dollar advanced in six of the last seven sessions after euro zone growth outlook was lowered.

Nissan Plunges 10% on Lowered Annual Outlook, Nikkei Advances

Hiruki Nakamura
05 Nov, 2013
New York City

Investors in Tokyo shifted focus to domestic earnings and economic issues and the yen gained a fraction. Nikkei advanced but the focus remained on the yen trading. Nissan plunged 10% after it lowered annual earnings outlook. Toyota is set to release its half-year results tomorrow.

Australian Rates on Hold, Telstra to List Autohome in New York

Marcus Jacob
05 Nov, 2013
New York City

Australian market indexes retained early advance in the day after Reserve Bank left its reference rate on hold at 2.5%. The dollar slid after RBA Governor Stevens comments the dollar was uncomfortably high.

U.S. Movers: Becton Dickinson, Cognizant, Hertz, J&J, Rock-Tenn, Tidewater

Mukesh Buch
05 Nov, 2013
New York City

Becton, Dickinson net plummeted 69%. Cognizant net climbed 15% and revenues rose 7%. Hertz Global net jumped 12%. J&J agreed to pay $2.2 billion to settle drug marketing violations. Rock-Tenn profit soared more than double. Tidewater net surged 31%.

India Movers: Ashok Leyland Sales Drop, P&G Net Surges

Mukesh Buch
05 Nov, 2013
New York City

3i Infotech net swung to a loss after sales plunged 18%. Ashok Leyland October unit sales declined 15%. Punj Lloyd net loss widened but revenue jumped 13%. Procter & Gamble profit surged 21% as sales soared 32%. Wyeth net dropped 39% but sales climbed 10%.

Europe Earnings: BMW Sales Flat, Vivendi Sells Maroc Telecom Stake

Nigel Thomas
05 Nov, 2013
New York City

BMW net increased 3% to

U.S. Movers: CME Group, Icahn Enterprises, Kellogg, Spectra Energy

Mukesh Buch
04 Nov, 2013
New York City

CME Group net jumped 16%. CST Brands net surged 71%. Icahn Enterprises profit surged to $472 million but revenue dropped 7%. Kellogg net rose 3% on flat revenues. Spectra Energy net climbed 43%.

Europe Earnings: HSBC Net Jumps, Ryanair Cuts Outlook

Nigel Thomas
04 Nov, 2013
New York City

Alcatel Lucent net loss narrowed as sales rose. AMEC agreed to acquire US-based Automated Engineering for $28 million. Ryanair profit rose 1% to

Australia Awaits Rate Decision, Westpac Reports Record Net and Hikes Dividend

Marcus Jacob
04 Nov, 2013
New York City

Australian markets traded lower and investors took a cautious view ahead of rate decision tomorrow. Westpac reported record annual profit and issued a special dividend of $310 million or 10 cents a share. Coca Cola Amatil estimated annual net to decline between 5% and 7%.

U.S. Movers: AIG Net Soars; Chrysler, Ford, GM, Toyota Sales Climb

Mukesh Buch
01 Nov, 2013
New York City

AIG revenue declined 11% but net surged 17%. Chrysler sales soared 11%. Ford reported record October sales since 2004 and GM October sales jumped 16%. Church & Dwight net climbed 15%. NV Energy net dropped 16%.

Europe Earnings: Direct Line, Royal Bank of Scotland, F&C

Nigel Thomas
01 Nov, 2013
New York City

Direct Line revenue dropped 5% but profit surged 55%. Meggitt said revenues in the third quarter rose 2%. Royal Bank of Scotland revenue slid 1% and net loss narrowed and aims to run down between 55% and 70% of the bad assets over the next two years.

Fannie Sues Nine Banks Seeking $800 Million, OfficeMax Wins Merger Approval

Nichole Harper
01 Nov, 2013
New York City

U.S. stocks opened higher and market indexes in Europe trended lower. Fannie Mae sued nine banks seeking $800 million. OfficeMax and Office Depot won a regulatory approval for their $1.2 billion merger.

Nikkei Extends Losses, Sony, Japan Tobacco, Nissan in Focus

Hiruki Nakamura
01 Nov, 2013
New York City

Stocks in Japan extended losses for the second day as investors digested latest batch of earnings reports. For the October month, the Nikkei declined 1.9% as investors weigh the impact of sales tax increase. Sony lowered its outlook. Nissan lifted revenues and earnings estimates.

Australian Manufacturing Expands at 3-Year High Rate, PPI Rises 1.3%

Marcus Jacob
01 Nov, 2013
New York City

Australian market index closed lower as domestic manufacturing activity expanded at a 3-year high rate. Australian wholesale prices rose 1.3% in October largely on import price increase. Two separate surveys in China showed an expansion in manufacturing.

India Movers: Berger Paints, Glenmark, IDFC, Motherson Sumi, M&M, Maruti

Mukesh Buch
01 Nov, 2013
New York City

Berger Paints net climbed 17% and sales jumped 19%. Glenmark profit fell 2%. IDFC profit rose 2%. Kalpataru Power climbed 17%. Mahindra & Mahindra sales soared 29%. Maruti Suzuki October sales increased 2%.

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