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Nikkei in Tokyo Gains, Canon Cuts Annual Outlook on Falling Camera Sales

Hiruki Nakamura
24 Oct, 2013
New York City

Market indexes in Tokyo advanced and the yen edged up a fraction. Canon Inc declined after it lowered annual earnings outlook and sales in the camera division are likely to fall more than expected. Nissan Motor issued a worldwide recall of sports utility vehicles.

Australian Banks Lead Market Advance, Record Close in CBA

Marcus Jacob
24 Oct, 2013
New York City

Advances in banks in Australian trading lifted indexes. Investors have been rotating out of mining sector into banks ahead of earnings next week. Wesfarmers was in focus after Coles supermarket chains said September quarter sales increased 4%.

India Movers: Ambuja Cements, Emami, IHFL, Jet Airways, Kotak Mahindra

Mukesh Buch
24 Oct, 2013
New York City

Ambuja Cements net and sales declined. Emami net soared 35% and sales jumped 14%. IHFL advanced after profit and revenue surged. IPCA net rose. Jet Airways net loss widened as passenger yields declined 11%. Kotak Mahindra profit climbed. Raymond net jumped.

U.S. Movers: Bristol-Myers, Boeing, Caterpillar, Corning, Eli Lilly, WellPoint

Mukesh Buch
23 Oct, 2013
New York City

Bristol-Myers net swung to profit after revenue climbed. Boeing net soared 12% as revenue jumped 11%. Caterpillar net plummeted 44% after revenue tumbled 18%. Eli Lilly net dropped 9% but revenue jumped 6%. WellPoint fell 5% but sales surged 17%.

U.S. Indexes Back Off from 4-Year Highs on Earnings Worries

Nichole Harper
23 Oct, 2013
New York City

Stocks on Wall Street took a breather after market indexes flirted with four-year highs. In the last thirteen years, U.S. market indexes have advanced more than 20% only two times. S&P 500 index in the year so far has jumped 22% following 14% rise in 2012.

Nikkei Plunges 2% after Yen Advances 0.8%

Hiruki Nakamura
23 Oct, 2013
New York City

Market indexes in Tokyo plunged 2% as the yen gained 0.8% against the dollar. Rising bad loan worries in China also dragged market sentiment in Tokyo and Asian trading. Nidec Corp first-half sales rose 22%. Japan Exchange first-half revenues rose 67%.

Europe Earnings: Glaxo Net Drops 12%, Orange Revenues Fall 4%

Nigel Thomas
23 Oct, 2013
New York City

GlaxoSmithKline profit plunged 12% to

Australian Indexes Fall on Asian Market Weakness

Marcus Jacob
23 Oct, 2013
New York City

Australian markets traded lower after the yen strengthened and market indexes in Japan, China and India declined. Super Retail Group plans to accelerate new store opening next year. Treasury Wine Estates reaffirmed its annual outlook. Ruralco issued cautious profit views.

India Movers: ACC, Cairn India, Gujarat Pipavav, Hero, L&T Finance, Wipro

Mukesh Buch
23 Oct, 2013
New York City

ACC net plunged 51% and Cairn India net soared 46%. Gujarat Pipavav profit surged above four-fold and Hero MotoCorp climbed 9%. Hindustan Zinc net rose 7% after sales surged 25%. Eros profit surged but revenue slid. L&T Finance net jumped and Wipro net climbed 19%.

U.S. Movers: du Pont, EMC, Kimberly-Clark, Lockheed Martin, McGraw

Mukesh Buch
22 Oct, 2013
New York City

Coach net slid 2% and sales fell 1%. du Pont net surged and EMC net dropped 6%. Harley-Davidson net surged 21% and Kimberly-Clark profit jumped 6%. Lockheed Martin net climbed 20%. McGraw Hill tumbled 31% but lifted annual outlook. Whirlpool net surged 165%.

U.S. Employers Add 148,000 Jobs, Unemployment Rate Falls to 7.2%

Mukesh Buch
22 Oct, 2013
New York City

Employers at all levels added net new 148,000 jobs in September, according to a report released by the Department of Labor today. The report was delayed by two and a half week by the government shut down that began October 1.

S&P 500 Index Likely to Surpass Best Gains in a Decade

Nichole Harper
22 Oct, 2013
New York City

Stocks on Wall Street extended gains and are likely to surpass the advances in 2009 and 2003. Employers added net new 148,000 jobs in September and unemployment rate declined to 7.2%. Construction spending increased in August despite a fall in federal spending.

Nikkei in Tokyo Gains, Nisshin Fudosan Soars 13% on Profit Outlook

Hiruki Nakamura
22 Oct, 2013
New York City

Stocks in Tokyo rose for the second day and the yen weakened against the dollar. Nisshin Fudosan Co soared 13% after the developer lifted its profit outlook. More than 600 companies are expected to release earnings in the next ten days.

Europe Earnings: Dart Group, Reckitt Benckiser, Telekom Austria, Whitbread

Nigel Thomas
22 Oct, 2013
New York City

Dart Group expects profit-before-tax to jump 37%. KPN third-quarter net swung to a loss

India Movers: Dewan Housing, Indiabulls, Polaris, Tata Steel, Yes Bank

Mukesh Buch
22 Oct, 2013
New York City

Dewan Housing net surged 50% after sales rose 43%. Indiabulls net soared and net debt jumped. JK Lakshmi Cement net plunged 80%. Polaris Fin Tech is likely to be acquired by L&T Infotech. Tata Steel secured contract from UK-based Network Rail for five years. Yes Bank net climbed 21%.

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