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ECB Lifts GDP Outlook, BoE Leaves Rate, Bond Program Unchanged

Nigel Thomas
05 Sep, 2013
New York City

The European Central Bank lifted its outlook for GDP in the current year to a shrinkage of 0.4% from the earlier estimate of 0.6% in June.

U.S. Stock Advance on Auto Sales, Economic Data

Nichole Harper
05 Sep, 2013
New York City

U.S. market index traded higher and weekly jobless claims declined 9,000 to 323,000. Service industry index tracked by a private company showed an expansion in the U.S. Auto sales in August were the best in five years as consumers show willingness to replace ageing vehicles.

Japanese Shippers Surge on Freight Rate Hike, Automakers in Focus

Hiruki Nakamura
05 Sep, 2013
New York City

After a day of volatile trading stocks in Tokyo closed lower and the yen weakened for the third day in a row. Shipping companies traded higher after freight rate index soared 4%. Japanese auto makers reported strong auto sales in August in the U.S.

Australian Resource Stocks Decline, Trade Balance Swings to Deficit

Marcus Jacob
05 Sep, 2013
New York City

Australian market indexes recovered from the mid-day lows and trimmed loss to 0.4%. Weak commodities prices dragged resource stocks lower. Air New Zealand won regulatory approval to increase its stake in Virgin Australia to become the largest shareholder.

India Movers: Apollo Hospitals, Coal India, HCL, IPCA Lab, ONGC

Mukesh Buch
05 Sep, 2013
New York City

KKR led consortium is poised to invest as much as Rs 600 crore in Apollo Hospitals. Coal India signed supply contract with sixteen power projects. HCL secured contract from U.S.-based Direct Energy. ONGC endure to raise debt of $2.64 billion deal with Anadarko.

U.S. Movers: Ciena, Francesca, Ford, GM, Navistar, SAIC, Verint

Mukesh Buch
04 Sep, 2013
New York City

Ciena net loss narrowed and revenue climbed 14%. Francesca

U.S. Stocks Advance Ahead of Syria Vote, Trade Deficit Widened

Nichole Harper
04 Sep, 2013
New York City

U.S. stocks extended gains for the third day as political leaders prepare for a military strike against Syria on flimsy evidence and weak arguments. U.S. trade deficit in July widened to $39.1 billion. Euro zone economic growth was confirmed at 0.3%.

Europe Earnings: Ashtead, Iliad, ProSiebenSat, Ryanair, SAS

Nigel Thomas
04 Sep, 2013
New York City

Ashtead profit surged as revenue climbed 24%. Iliad chief executive officer sold its stake valued

Tokyo Indexes Extend 3-Day Rally, Sales Tax Talks Gather Momentum

Hiruki Nakamura
04 Sep, 2013
New York City

Market indexes in Japan gained for the third day in a row and the yen eased for the second. Shipping companies closed higher on positive comments from analysts. The Bank of Japan began its 2-day meeting today and sales tax increase talks gained momentum.

Economy Expands at 0.6% in Australia, Stocks Slip

Marcus Jacob
04 Sep, 2013
New York City

Australia

India Movers: Bhel, Gujarat Gas, Hanung Toys, Tata Motors, TCS

Mukesh Buch
04 Sep, 2013
New York City

Bhel won approval Bhart Heavy Plate and Vessels. Gujarat Gas singed pact with GSPC for gas supply. Hanung Toys withdrew stock split proposal. SKS Microfinance founder and key shareholder trim stakes. Tata Motors reconfirmed planned investment of $44.12 million.

U.S. Stocks Pare Gains After Leaders Support Syria Strike

Nichole Harper
03 Sep, 2013
New York City

U.S. stocks pared gains as investors react to merger deals and improving economic news from around the world. Market indexes in New York and Europe turned lower after more political leaders in the U.S. supported president

U.S. Movers: CBS, Jarden, Microsoft, Morgan Stanley, Verizon

Mukesh Buch
03 Sep, 2013
New York City

CBS climbed after a deal with Time Warner Cable. Jarden agreed to acquire Yankee Candle for $1.75 billion in cash. Microsoft agreed to buy handset business of Nokia for $7.2 billion. Morgan Stanley sued NCU Administration. Verizon increase dividend.

Australian Rates on Hold, Retail Sales Struggle

Marcus Jacob
03 Sep, 2013
New York City

Australian stocks closed higher and the Reserve Bank of Australia left its benchmark rate at 2.5%. Retail spending increased 0.1% in July and current account deficit in June quarter widened to $9.35 billion.

Nikkei Soars 3%, Utilities and Financials Advance in Tokyo

Hiruki Nakamura
03 Sep, 2013
New York City

Stocks in Tokyo gained on the latest improving economic data from China and Europe. Utility stocks advanced after Prime Minister offered financial assurance to contain Fukushima disaster and a panel said fault line below Osaka nuclear power plant is not active.

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