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Lackluster Trading in New York as Funds Reflect Rejigged Indexes

Nichole Harper
28 Jun, 2013
New York City

U.S. stocks wavered and consumer confidence index declined from a six-year high last month. Trading volume is expected to be high today as several funds adjust holdings to reflect changes in indexes. BlackBerry plunged 25% after it missed earnings and revenues targets.

Stronger Economic Data in May in Japan Lifted Nikkei 3.5%

Hiruki Nakamura
28 Jun, 2013
New York City

Core consumer prices reported by the government stopped falling in Japan in May and labor market demand increased to a five-year high. However, price increase is significantly below the Bank of Japan

U.S. Movers: AZZ, CalAmp, Finish Line, Nike, BlackBerry

Mukesh Buch
28 Jun, 2013
New York City

AZZ said net declined 9% and revenues rose 44%. Finish Line first quarter net plunged. Nike fourth quarter net jumped. Winnebago third quarter net surged 94%. BlackBerry net swung to $84 million loss.

Australian Stocks Slide as Financial Year Ends, Gold Miners Cut Costs

Marcus Jacob
28 Jun, 2013
New York City

Market indexes in Australia closed lower after a two-day rally on the last day of financial year. Cautious investors sold mining and insurance stocks. For the week, the ASX index gained 1.4% but fell 3.4% in the month.

India Movers: Asian Paints, Crompton, Dewan Housing, ONGC, YES Bank

Mukesh Buch
28 Jun, 2013
New York City

Asian Paints set record date to split stock 10-to-1. Dewan Housing is in talks to acquire a majority stake in DLF Pramerica Life Insurance. McNally Bharat secured housing construction order worth $40 million. YES Bank after it won a government approval to raise $450 million.

Europe Earnings: Accenture, Hochtief, Serco, SGL Carbon

Nigel Thomas
28 Jun, 2013
New York City

Accenture revenue rose 1% and net climbed 11.3% to $810.3 million but lowered outlook. Hochtief increased its stake in Australia based Leighton Holdings. SGL Carbon expects group EBITDA in the second quarter to be slightly below.

U.S. Stocks in 3-Day Rally, Weekly Jobless Claims Fall

Nichole Harper
27 Jun, 2013
New York City

U.S. indexes rallied for the third day in a row and leading indexes gained as much as 1%. Weekly jobless claims declined and personal spending rose, lifting market sentiment. Average mortgage rate rose to a 2-year high to 4.46%.

U.S. Movers: Bed Bath & Beyond, ConAgra, H.B. Fuller, KB Home, Paychex

Mukesh Buch
27 Jun, 2013
New York City

Bed Bath & Beyond sales climbed 18% but net slid 2%. ConAgra net swung to profit as sales jumped 34% to $4.6 billion. H.B. Fuller net surged to $25.9 million. Paychex net and diluted earnings in the quarter were flat. UniFirst revenue declined but net rose.

Europe Earnings: Betfair, Carillion, Debenhams, DS Smith, Sevan Drilling

Nigel Thomas
27 Jun, 2013
New York City

Betfair said sales for the year were flat and net swung to

Volatile Nikkei Rebounds 2.9%, Institutions Cut Stocks to Record Low

Hiruki Nakamura
27 Jun, 2013
New York City

Market indexes in Tokyo soared nearly 3% after Chinese credit market crunch eased. The yen rebounded above 98 against one dollar. Japanese institutional investors cut exposure to stocks record low in portfolio allocation in March. Real estate companies soared more than 8%.

Australian Indexes Soar 1.7%, Prime Minister Rudd in Charge Ahead of Elections

Marcus Jacob
27 Jun, 2013
New York City

Australian stocks rebounded for the second day in a row and resource sector stocks gained. Australian job vacancies declined 7.3% in three months to May. News Corp settled shareholder lawsuit linked to phone hacking scandal in U.K. for $139 million.

India Movers: Hanung Toys, Indraprastha Gas, Kalpataru, NFL, NTPC

Mukesh Buch
27 Jun, 2013
New York City

Hanung Toys sales jumped 14% but net swung to loss. Indraprastha Gas plans to buy 50% stake in Kanpur based Central UP Gas. Kalpataru Power secured new orders worth $200 million.

Smaller Companies Index in Japan Plunges 12%, Retail Investors Exit

Hiruki Nakamura
26 Jun, 2013
New York City

Retail investors are losing appetite for stocks in Tokyo and smaller companies index plunged 12% and extended decline to 41% in a month. Topix and the Nikkei indexes also fell.

U.S. Movers: AeroVironment, General Mills, Lindsay, Monsanto, Synaptics

Mukesh Buch
26 Jun, 2013
New York City

AeroVironment net swung to loss as revenue plunged 51%. Apollo Group net plummeted 40% and General Mills tumbled 70% to $1.86 billion. Lindsay sales jumped and net surged 39%. Monsanto net slid 3% to $909 million. Synaptics climbed on fourth quarter outlook.

Europe Earnings: Colruyt, Direct Line, Legal & General, Stagecoach

Nigel Thomas
26 Jun, 2013
New York City

Colruyt revenue jumped 6% and profit for the year rose 3.1% to

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