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U.S. Movers: Baidu, Citigroup, Coca-Cola, Goldman Sachs, J&J, Mosaic

Mukesh Buch
16 Jul, 2013
New York City

Brown & Brown second quarter net soared 22% as revenue climbed 12%. Baidu plans to acquire 91 Wireless for $1.9 billion. Citigroup net jumped 11% but Charles Schwab net dropped 7%. Coca-Cola net rose 4% to $2.68 billion. Goldman Sachs net doubled and J&J net soared 171%.

Europe Earnings: Glaxo, Premier Foods, Rio Tinto, Swedbank, Telecom Italia

Nigel Thomas
16 Jul, 2013
New York City

Chinese police lists charges against local unit of Glaxo. Rio Tinto second quarter production climbed and reaffirmed its full-year guidance. Swedbank net income slumped to 1.59 billion kronor. Telecom Italia delayed its plan to spin-off its fixed-line.

Weaker Yen Lifts Nikkei in Tokyo to 7-week High

Hiruki Nakamura
16 Jul, 2013
New York City

Stocks in Tokyo gained after the yen declined and exporters led the advance. Investors shifted focus to quarterly profit and looked for profit improvement linked to weaker yen. Best Denki soared 14% on four-fold increase in earnings.

Cautious Comments from RBA in Australia, Rio Tinto Iron Production Up 7%

Marcus Jacob
16 Jul, 2013
New York City

Australian indexes closed flat after cautious statement from the central bank held out optimism for a rate cut in the future. Rio Tinto said second quarter iron ore production increased 7% and it is on track to cut exploration spending by $750 million.

India Movers: Ashok Leyland, Advanta, CMC, Exide, TTK Prestige

Mukesh Buch
16 Jul, 2013
New York City

Ashok Leyland net swung to loss as sales plunged 22%. Advanta net swung to a profit as sales surged. CMC first quarter net declined 13%. Reliance Infra profit grew 2.4%. TTK Prestige net declined 16%.

European Markets Extend Gains, Hungarian Construction Soars 12%

Nigel Thomas
15 Jul, 2013
New York City

Market indexes in Europe extended gains of last week but trimmed early advance. Resource and commodities linked companies gained after China

China's Growth Slows to 7.5%, Industrial Production Slowest Since 2009

Devan Biswas
15 Jul, 2013
New York City

Economic growth in the second quarter to June slowed to 7.5% after government cracked down on construction activities and also exports slowed. Industrial production slowed to 8.9%, slowest since 2009.

U.S. Retail Sales Rise 0.4%, Stocks Drift Lower

Nichole Harper
15 Jul, 2013
New York City

U.S. stocks drifted lower after retail sales were lower than expected and China reported economic expansion of 7.5%. Industrial production in China increased 8.9%, slowest since 2009. Metal prices rose and energy prices traded higher.

Australian Auto Sales Rise 4%, Stocks Higher on China GDP Growth of 7.5%

Marcus Jacob
15 Jul, 2013
New York City

Australian stocks closed higher and auto sales in June rose to a record high and China met economic growth expectations laid out by the government. RHG Limited accepted a revised offer from Resimac. Precious and base metals prices rose.

U.S. Consumer Confidence Index Falls; JPMorgan and Wells Fargo in Focus

Nichole Harper
12 Jul, 2013
New York City

Stocks in New York traded sideways after JPMorgan Chase reported higher than expected earnings and Wells Fargo earnings soared 19%. Consumer confidence index declined unexpectedly in July. Gold and oil advanced.

U.S. Movers: JPMorgan, United Parcel, Webster Financial, Wells Fargo

Mukesh Buch
12 Jul, 2013
New York City

Bank of the Ozarks second quarter net jumped 7% and Independent Bank net grew 4%. JPMorgan net soared and credit card sales climbed. United Parcel drooped on weak earnings outlook. Wells Fargo net surged 19% to $5.3 billion and deposits reached to $1 trillion.

Europe Earnings: Balfour, Invensys, Phoenix Group

Nigel Thomas
12 Jul, 2013
New York City

Balfour signed contract with Sydney Water valued

Nikkei Struggles to Reach 7-Week High, Fast Retailing Plunges 6%

Hiruki Nakamura
12 Jul, 2013
New York City

Nikkei in Tokyo struggled to find a direction in trading after yen weakened and Fast Retailing missed operating profit estimate. Asian markets were under pressure after finance minister in China lowered growth estimate.

India Movers: Cera, Infosys, IVRCL, Kalindee, RCapital, Sintex

Mukesh Buch
12 Jul, 2013
New York City

Cera Sanitaryware sales and profit climbed. Infosys revenue jumped but net slid 0.8%. IVRCL secured new orders worth $150 million. Kalindee Rail received open offer from Jupiter Metal to acquire the stake. Reliance Capital gross written premium jumped 25%. Sintex sales jumped.

Australian Rally Extends Gain to Fourth Day, WorleyParsons in Focus

Marcus Jacob
12 Jul, 2013
New York City

Australian stocks rose for the fourth day in a row and extended gains in the second week in a new financial year on gains in resource stocks. Market indexes weakened in the afternoon after finance minister in China lowered growth expectations. WorleyParsons won a contract from Sasol North America.

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