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U.S. Movers: Exide, FactSet Research, Hormel Foods, Mechel OAO

Mukesh Buch
18 Jun, 2013
New York City

FactSet Research third quarter sales jumped and net climbed 11%. Hormel Foods lowered its earnings outlook for fiscal 2013. Motorcar Parts fourth quarter net loss widened. Mechel first quarter net swung to a loss.

Europe Earnings: Aggreko, Chemring, Co-op Bank, SDL, Whitbread

Nigel Thomas
18 Jun, 2013
New York City

Aggreko anticipates group revenues in the first half to climb 5%. Chemring Group secured order worth $25.2 million. Co-operative Bank plan to raise

Persistent Volatility in Tokyo Stocks; Mitsui OSK,Sony in Focus

Hiruki Nakamura
18 Jun, 2013
New York City

Market indexes in Tokyo edged lower and hugged the recent bear market level after smaller investors continued to sell stocks. However, foreign and domestic large investors added net positions to cyclical and real estate companies on the expectations of rising profits.

Australian Indexes Trend Lower, Banks and REITs Lead Gainers

Marcus Jacob
18 Jun, 2013
New York City

Australian market indexes trended lower and the dollar remained under pressure. The rate setting committee at the central bank showed willingness to lower reference rates despite the recent weakness in the dollar. Lynas decided to drop a defamation case against a Malaysian activist group.

India Movers: Jet Air, L&T, RCom, Siemens, Venus Remedies

Mukesh Buch
18 Jun, 2013
New York City

L&T is bidding for defense contracts of $1.4 billion. RCom surged after new national roaming regulations. VA Tech Wabag secured order worth Rs 262 crore from Nepal.

U.S. Stocks Higher Ahead of Fed Meeting, Mixed New York Region Survey

Nichole Harper
17 Jun, 2013
New York City

U.S. stocks gained and market indexes added more than 1% as investors awaited Fed meeting beginning tomorrow. Also, investors looked for clues of any policy announcements from Group of Eight meeting in Northern Ireland.

Nikkei Surges 2.7% in Thin Trading, Japan Tobacco Rises 5%

Hiruki Nakamura
17 Jun, 2013
New York City

Markets in Tokyo rebounded in thin trading after 4-week of losses. The Nikkei index recovered 2.7% from the second dip in the bear market in three weeks and the yen eased 0.6%. Japan Tobacco soared 5% after it reported rising domestic cigarettes in May.

Australian Markets Reverse Early Losses, Rio Sells $3 Billion of Bonds

Marcus Jacob
17 Jun, 2013
New York City

Australian market indexes gained 0.7% after banks led the turnaround in the market sentiment but resource sector stocks lagged. Australia

India Movers: Cinemax, Coal India, Emami, M&M, SpiceJet, Tata Motors

Mukesh Buch
17 Jun, 2013
New York City

Two movie theater chain operators, Cinemax and PVR agreed to merge. Coal India plans to acquire two Australian companies for $4 billion. Emami Paper raised Rs 120 crore. M&M agreed to sell majority stake in its unit worth $116 million.

Reported Euro Zone Inflation Up 1.4%, ECB Says 4 Banks to Repay Loans

Nigel Thomas
14 Jun, 2013
New York City

European markets traded higher after the reported inflation data was in-line with estimates. European Central Bank said four banks are scheduled to repay

U.S. Movers: American Superconductor, Casey

Mukesh Buch
14 Jun, 2013
New York City

American Superconductor declined as revenue plunged 29%. Casey

U.S. Wholesale Prices Rise, industrial Output Flat

Nichole Harper
14 Jun, 2013
New York City

U.S. stocks were little changed and wholesale prices increased more than expected and industrial production was flat in May. Consumer sentiment also declined on the rising energy prices.

Europe Earnings: Barry Callebaut, Elan, Glencore, Home Retail, Hochtief

Nigel Thomas
14 Jun, 2013
New York City

Barry Callebaut placed new 318,858 shares at a price of about $300 million. Elan board authorized the company sale. Glencore signed revolving credit facilities for $17.3 billion. Hochtief plans to buyback up to 4,313,000 shares worth

Volatile Nikkei Rises 1.9%; Brokers Target Higher Market Levels

Hiruki Nakamura
14 Jun, 2013
New York City

Stocks in Japan recovered after the Nikkei index fell to a bear market territory with a sharp drop of 20% from a peak on May 22. Nikkei gained 1.9% and the broader Topix increased 1.2%. The yen closed near 95 against one dollar.

Australian Stocks Recover 2%, Murdoch in Third Divorce

Marcus Jacob
14 Jun, 2013
New York City

Australian market indexes closed higher following gains on Wall Street and in Asian markets. The Australian dollar dipped to a new 3-year low but recovered at close. News Corp chief, 82 year old, Rupert Murdoch filed to divorce his 44 year wife after 14 years of marriage.

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