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Market Update

U.S. Stocks Rise on Inflation, Spending and Confidence Data

Nichole Harper
28 Mar, 2014
New York City

U.S. stocks trimmed weekly losses and tech stocks rebounded. Consumer spending increased for the second month in a row and annual rate of inflation to February month eased to 0.9%. Consumer confidence index dropped less than expected.

UK Insurers Tumble on Pension Reforms and Inquiry

Nigel Thomas
28 Mar, 2014
New York City

Deutsche Wohnen profit surged 46% and sales climbed 55%. Intesa Sanpaolo annual net swung to a loss

Nikkei Extends Weekly Gain, Yahoo Japan to Launch Wireless Service

Hiruki Nakamura
28 Mar, 2014
New York City

The Nikkei index gained 0.5% and extended weekly advance to 3.3% but plunged more than 9% in the quarter. Yahoo Japan will launch its wireless service after the purchase of eAccess for $3.2 billion. Core inflation rate in Japan was unchanged at 1.3% in February and retail sales jumped 3.6%.

Australian Stocks Gain, Woodside's Israel Venture in Trouble

Marcus Jacob
28 Mar, 2014
New York City

Australian stocks closed higher and trimmed weekly loss to 0.5%. For quarter, the index has increased 0.8%. Resource and bank sector stocks led the gainers in trading today. Woodside Petroleum may move away from its potential venture in Israel after the government failed to clarify tax policy.

India Movers: Canara Bank, Colgate, Godrej, NTPC, Pennar

Mukesh Buch
28 Mar, 2014
New York City

A2Z Maintenance surged after the company completed debt restructuring. Canara Bank raised Rs 1,000 crore through a bond issue. Colgate declared interim dividend. NTPC import 15 million tons of coal in the next year.

Baxter, Conn's, Lululemon Signet Jump; GameStop, Worthington Drop

Mukesh Buch
27 Mar, 2014
New York City

Baxter Intl to split into pharmaceutical and medical products company. Conn''s profit and sales soared. GameStop dropped as net declined 16%. Lululemon net edged up. Paychex net climbed 11%. Signet net rose. Worthington profit tumbled.

Europe Earnings: Alstom, Babcock, Daily Mail, H & M, United Internet

Nigel Thomas
27 Mar, 2014
New York City

Alstom plunged 6% on the rising probabilities of charges from the U.S. Babcock Intl agreed to acquire Avincis for

India Movers: CMC, Crompton Greaves, Dena Bank, L&T, Talwalkars

Mukesh Buch
27 Mar, 2014
New York City

CMC won a legal case against Kuwait Stock Exchange. Gautam Thapar plans to sell its 42.7% stake Crompton Greaves worth $3 billion. FIEM purchased 7.65 acre land to set-up a new factory in Gujarat. L&T

Murdoch Disregards Shareholders Concerns and Elevates Lachlan

Marcus Jacob
27 Mar, 2014
New York City

Australian stocks trimmed losses after tensions rose between Russia and European nations. Aussie dollar eased. Rupert Murdoch elevated his son at News Corp and 21st Century Fox, a step that many view reflect weak corporate governance and nepotism at both companies.

Retailers Lead Japan Stocks Advance, ANA Places Largest Order

Hiruki Nakamura
27 Mar, 2014
New York City

Market indexes in Japan advanced and the yen closed nearly unchanged. Toyota said it will buy back shares worth $3.5 billion, first in five years. Nissan Motor plans to recall one million vehicles. Seven & I is in talks to take control of stores at railway stations. ANA placed a largest plane order.

Five Below, Lindsay, Movado, PVH Surge; REX American Declines

Mukesh Buch
26 Mar, 2014
New York City

Five Below surged after profit and net sales climbed. Lindsay jumped despite revenues declined 13%. Movado soared after revenue rose 7% but net slumped 9%. PVH net swung to a loss. REX American net swung to profit.

U.S. Stocks Gain on Durable Orders Data, Facebook to Buy Oculus for $2 B

Nichole Harper
26 Mar, 2014
New York City

U.S. market indexes advanced after durable goods orders increased more than expected in February. Orders increased 2.2% in the month after declining for two months in a row. Facebook acquired Oculus for $2 billion.

Europe Earnings: Bellway, Lloyds Banking, Legal & General, SAP, SSE

Nigel Thomas
26 Mar, 2014
New York City

Bellway profit surged to

U.S. Durable Goods Orders Rise, Capital Orders Lag in February

Mukesh Buch
26 Mar, 2014
New York City

The latest increase in demand for goods that are expected to last at least three years was driven by a rise in auto demand and follows two months of durable orders decline in a row.

Tokyo Stocks Extend 3-Day Rally, Kirin in Focus

Hiruki Nakamura
26 Mar, 2014
New York City

Stocks in Tokyo advanced and the yen traded near a 2-month low. Kirin Holdings Co gained 3% on a media report that the brewer is likely to raise its annual earnings estimate and consider stock buyback.