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Australian Indexes Weaken; Retail Sales Rise, Home Prices Fall

Marcus Jacob
03 Jun, 2013
New York City

Australian indexes closed lower after a sell-off in the afternoon after China released softer than expected economic data. Resource sector stocks closed down 1.7% or more. Australian retail sales gained 0.2% in April and manufacturing growth decline slowed in May.

U.S. Stocks Turn Lower, Consumer Spending Falls

Nichole Harper
31 May, 2013
New York City

U.S. consumer spending declined for the first time in almost a year but inflation uptick was measured. Market indexes struggled in the early trading Euro zone jobless rate surged to a new record and protesters surround the European Central Bank.

U.S. Movers: Copart, Genesco, Guess, Krispy Kreme, Lions Gate, Pall

Mukesh Buch
31 May, 2013
New York City

Copart third quarter net slid. Guess, the apparel retailer said net plunged 63%. Krispy Kreme climbed on comparable sales increase. Lions Gate net swung to profit as revenue surged 22%. Pall sales and earnings slipped. Genesco net plunged 11%.

Europe Earnings: Lloyds Banking, PostNL, Severn Trent, TUI Travel

Nigel Thomas
31 May, 2013
New York City

Lloyds Bank sold its U.S. mortgage portfolio to raised

Nikkei in Tokyo Searches Direction, Industrial Production Pace Quickens

Hiruki Nakamura
31 May, 2013
New York City

Market indexes in Tokyo closed higher in a volatile week of trading as the indexes search a level to settle. The Nikkei has soared more than 70% in the last one year of trading and has corrected 11% from its peak in May and has struggled to find a direction in the last ten trading days.

Weekly Loss of 1.1% in Australian Indexes

Marcus Jacob
31 May, 2013
New York City

Australian index closed extended losses for the day and declined 1.1% in the week and fell 4.6% in the month. Australian dollar edged slightly higher. Origin Energy CEO in cautious comments said the outlook for Australian coal industry is bleak on the rising U.S. exports.

India Movers: BEL, Berger, DLF, GMR, MMTC, SAIL, Suzlon, Torrent

Mukesh Buch
31 May, 2013
New York City

BEL profit and sales surged. Berger Paints net edged up. DLF net swung to loss as revenue declined 16%.GMR Infra net swung to profit. MMTC and SAIL net tumbled. Suzlon Energy net loss widened. Torrent Pharma net swung to profit.

U.S. Movers: Big Lots, Costco, DISH Network, Express, Joy Global

Mukesh Buch
30 May, 2013
New York City

Big Lots net plunged 21%. Bank of Montreal quarterly revenue was flat and net dropped. Costco comparable store sales climbed to 6% and net surged. DISH Network revised its offer for Clearwire to $4.40 a share in cash. Joy Global profit tumbled.

U.S. GDP Growth Estimate Lowered to 2.4%, Pending Home Sales Rise

Nichole Harper
30 May, 2013
New York City

Stocks and indexes in New York traded higher and the economic growth in the first quarter was lowered in the second quarter. Pending home sales index increased 0.3% to the highest level since April 2010.

Europe Earnings: Kingfisher, Ryanair, Tate & Lyle

Nigel Thomas
30 May, 2013
New York City

Kingfisher revenue in the first quarter slid 2% and profit plunged 29%. Ryanair plans to sale stake in Aer Lingus on regulatory pressure. Tate & Lyle sales jumped but profit declined.

Nikkei Plunges 5%

Hiruki Nakamura
30 May, 2013
New York City

The Nikkei index plunged 5% and the Topix index dropped 3.8% as investors feared market surge may have been overdone. The yen eased and electronics exporters and automakers led the decliners. Fast Retailing plunged 11%.

Weak Australian Capital Spending Drags Indexes

Marcus Jacob
30 May, 2013
New York City

Australian indexes slipped on the global uncertainties but the dollar rebounded after private sector capital spending was lower than expected in March quarter. Online spending increased to 6% of total retail sales according to a private survey.

India Movers: Cadila, Cipla, IOC, M&M, NMDC, ONGC, Tata, Torrent

Mukesh Buch
30 May, 2013
New York City

Cadila Health net surged 54% but Cipla net declined 8%. IOC net profit climbed but ONGC profit plunged. M&M net surged. Madras Cements and NMDC net tumbled. Tata Motors net swung to a loss. Torrent Power net plunged.

U.S. Movers: Brown Shoe, Chico

Mukesh Buch
29 May, 2013
New York City

Chico

Europe Earnings: De La Rue, SalMar, Telford Homes

Nigel Thomas
29 May, 2013
New York City

De La Rue revenue dropped 8% but pre-tax profit for the year jumped 57% to

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