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U.S. and World Markets Rally on Bernanke Comments

Nichole Harper
11 Jul, 2013
New York City

U.S. stocks traded higher after Fed Chairman Bernanke comments. Stocks, bonds, metals and energy prices gained after a rally in world markets. Fewer homes entered foreclosure process in June. SEC lifted an 80-year ban on advertising restrictions on hedge funds seeking private investments.

Nikkei Edges Up, BoJ Left Policy Intact

Hiruki Nakamura
11 Jul, 2013
New York City

Markets in Tokyo and Asia were supported by positive reassurances from the U.S. Fed Chairman Bernanke. Bank of Japan left its monetary policy intact after a 2-day meeting. Photocreate Co soared 144% on its first day of trading.

U.S. Movers: Commerce Bancshares, PriceSmart, Progressive Corp, Yum Brands

Mukesh Buch
11 Jul, 2013
New York City

Commerce Bancshares second quarter net jumped 8%. Caesars Entertainment plans to spin-off its gaming business. PriceSmart third quarter revenue and net soared. Progressive Corp net surged 174%. Yum! Brands net jumped 15% to $281 million.

Europe Earnings: Associated British Foods, Ashmore, Bumi, Hays, SuperGroup

Nigel Thomas
11 Jul, 2013
New York City

Associated British Foods said group revenue jumped 9%. Ashmore fourth quarter net inflows recorded $4.5 billion. Hays said net fees in the fourth quarter grew 3%. SuperGroup revenue in the year climbed 15% to

Australian Jobless Rate at 4-Year High, ASX Rebounds 1.3%

Marcus Jacob
11 Jul, 2013
New York City

Australian and Asian markets rebounded after positive assurances from the U.S. Fed Chairman Bernanke. Australian jobless rate rose more than expected to 5.7% and a private survey showed a decline in property market confidence. Newcrest Mining to cut more jobs.

India Movers: Diamond Power, Hindalco, MCFL, Punj Lloyd, RCom, STC

Mukesh Buch
11 Jul, 2013
New York City

Hindalco raised automotive sheet price in Europe. Punj Lloyd signed an agreement to develop 100 megawatts power plant in Rwanda. RCom completed securitizations agreement with Reliance Jio.

European Markets Fall, UK Sets $3 Billion Royal Mail IPO

Nigel Thomas
10 Jul, 2013
New York City

European markets traded lower and investors looked to the U.S. Fed statement and Chinese trade data. French industrial output declined less than expected but Italian production rose. UK prepares to sell Royal Mail in $3 billion IPO.

U.S. Movers: Adtran, Family Dollar, Fastenal, Intuitive Surgical, Tribune

Mukesh Buch
10 Jul, 2013
New York City

Adtran second quarter sales and net declined and Family Dollar sales jumped but net fell. Fastenal second quarter net jumped 7% to $121 million. Intuitive Surgical fell on lowered second quarter guidance. Tribune separates publishing and broadcasting business.

China Trade Data Highlight 6-Month Weakening Trend

Devan Biswas
10 Jul, 2013
New York City

China

World Markets Await Fed Statement, Stocks Trade Sideways

Nichole Harper
10 Jul, 2013
New York City

U.S. stocks traded sideways and investors awaited monetary policy committee statement. China

Europe Earnings: Burberry, Citycon, Glencore, Halfords, ICAP, Royal Mail

Nigel Thomas
10 Jul, 2013
New York City

Burberry expects first quarter sales to jump 18%. Citycon second quarter sales and profit jumped 6%. Glencore plans to sell Dakota Growers Pasta Co for at least $300 million. Halfords first quarter revenue climbed 9%. Royal Mail intends free distribution of 10% stake to employees.

Nikkei in Tokyo Drifts Lower Ahead of BoJ Meeting

Hiruki Nakamura
10 Jul, 2013
New York City

Stocks in Tokyo traded lower after weak trade data from China and stoked global economic slowdown worries. Bank of Japan began its two-day meeting today. Aeon Co, the operator of supermarket chain reported first quarter sales increased 10% and earnings advanced.

Fall in Chinese Trade Trim Australian Market Gains

Marcus Jacob
10 Jul, 2013
New York City

Stocks in Sydney opened higher and began trimming gain in the afternoon after China reported first decline in trade activities in eighteen months. Pepper Australia launched a competing bid for its mortgage lender rival RHG.

India Movers: Apollo Hospitals, Clariant, IndusInd Bank, Power Grid

Mukesh Buch
10 Jul, 2013
New York City

Apollo Hospitals plan to invest $350 million for 3-year expansion. IndusInd Bank net jumped 42% and revenue climbed 22%. Shriram Transport Finance plan to raise $123 million in a public offering.

U.S. Movers: Alcoa, GenCorp, NYSE Euronext, Kroger, WD-40

Mukesh Buch
09 Jul, 2013
New York City

Alcoa second quarter loss widen to $119 million. GenCorp and Hi-Tech Pharmacal quarterly net swung to a loss. NYSE Euronext appointed as the new administrator for Libor. Kroger agreed to acquire Harris Teeter Supermarkets for $2.44 billion. Wolverine World second quarter net slipped.

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