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Market Update

Europe Earnings: Dufry, Enel, Nokia, Wonga

Nigel Thomas
03 Sep, 2013
New York City

Dufry secured long-term contracts with airports in Brazil. Enel plans to revive hybrid bond sale to raise

India Movers: Diamond Power, Essar Oil, NTPC, Power Grid, SAIL

Mukesh Buch
03 Sep, 2013
New York City

Diamond Power secured orders worth $30.5 million. Essar Oil and ONGC are short-listed for $4.4 billion oil field license in Iraq. SAIL said August sales climbed 16%. Steel Strips August sales soared 16%.

Australian Indexes Surge, Manufacturing Extends Decline to 26th Month

Marcus Jacob
02 Sep, 2013
New York City

Australian indexes gained 1% and building approvals jumped nearly 11% in July. However, manufacturing activity in August dropped for the 26th month in a row. Rio Tinto shipped iron ore form the newly expanded port.

Europe: Vodafone and Verizon to Finalize Wireless Deal

Nigel Thomas
02 Sep, 2013
New York City

Peugeot said new cars registrations in France plunged 17% in August. Rio Tinto climbed after its Australia infrastructure expansion. Vodafone is expected to finalize today to 45% stake sell in Verizon Wireless.

Nikkei Soars 1.4%, Chinese Manufacturing Growth at 16-Month High

Hiruki Nakamura
02 Sep, 2013
New York City

Stocks in Tokyo gained and the yen edged lower on the first day of trading in September. Better than expected reading on manufacturing in China also lifted capital goods companies in Tokyo. Consumer lending companies gained on the expectations of higher borrowings.

India Movers: Ashok Leyland, Bajaj, Hero, Maruti, M&M, Tata Motors, TVS

Mukesh Buch
02 Sep, 2013
New York City

Atul Auto August sales soared 38% but Ashok Leyland and Bajaj auto sales declined. Hero MotoCorp sales grew 4% but sales at Maruti surged 61%. M&M sales dropped 17% and Tata Motors sales declined 31%. TVS sales edged up.

World, U.S. Markets Extend Losses in August, India's Growth Slows to 4.5%

Nichole Harper
30 Aug, 2013
New York City

U.S. stocks traded lower and market indexes extended losses in the week to nearly 2%. Worries of imminent Syria strike receded after the UK parliament rejected a motion for a military action. World markets declined in the week and many markets registered worst month fall in fifteen months.

U.S. Movers: Apache, Big Lots, OmniVision, Splunk, Salesforce

Mukesh Buch
30 Aug, 2013
New York City

Apache jumped after China based Sinopec acquire 33% stake in Egyptian unit for $3.1 billion. Big Lots net plunged 18% and Bebe Stores net swung to a loss. Splunk revenue soared but loss in the quarter widened. OmniVision net surged. Salesforce net swung to profit.

Europe Earnings: Bwin.party, Hermes, Royal KPN, L'Oreal

Nigel Thomas
30 Aug, 2013
New York City

Bwin.party plunged 13% after first-half net loss narrowed and company guided weak revenues outlook. Hermes Intl net surged 14% to

Nikkei Extends Fourth Monthly Decline in August

Hiruki Nakamura
30 Aug, 2013
New York City

Stocks in Japan closed down for the week and for the month and the Nikkei index declined 2% in August. Unemployment rate declined to 3.8% in June inflation in July rose to 0.7%. Investors took a cautious outlook for Japanese stocks after a sharp surge in the year and steady decline since May 23.

Australian Index Up 1.6% in August on Local Earnings

Marcus Jacob
30 Aug, 2013
New York City

Australian indexes gained on local earnings and growth optimism and in August registered an increase of 1.6%. Harvey Norman and Retail Food Group gained on improved annual outlook. Virgin Australia swung to a loss.

India Movers: Coal India, Jindal, L&T, LIC, MphasiS, REC, Rolta India

Mukesh Buch
30 Aug, 2013
New York City

Jindal Steel & Power tumbled after board approved a stock buyback plan. L&T secured new orders worth Rs 807 crore. LIC increased stake in State Bank of Inida. MphasiS net jumped 9%. REC plans to raise $544 million. Rolta India net swung to a loss.

U.S. Movers: Campbell Soup, Fresh Market, Genesco, Guess, K12, Pall

Mukesh Buch
29 Aug, 2013
New York City

Campbell Soup net swung to a loss on lower than expected sales increase. Fresh Market net climbed 17%. Genesco net jumped 14% and Guess net gained 7%. K12 profit soared 28% as revenue surged 19%. Pall Corp sales and net edged up.

U.S. GDP Growth Rate Revised to 2.5%; Verizon, Vodafone in Venture Talks

Nichole Harper
29 Aug, 2013
New York City

Market indexes on Wall Street traded higher after second quarter economic growth was revised higher and initial jobless claims fell in the last week. Verizon is in talks with Vodafone to gain full control in the wireless venture.

Europe Earnings: Carrefour, Co-op Bank, Heritage, Serco, Vodafone

Nigel Thomas
29 Aug, 2013
New York City

Carrefour first-half net surged to