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Volatile Nikkei Jumps 1.8%, GPIF Reports 10% Annual Gain

Hiruki Nakamura
02 Jul, 2013
New York City

Volatile stocks in Tokyo advanced for the fourth day in a row after the yen declined and approached 100-level against a dollar. After the close, Government Pension Investment Fund said it earned 10% annual return in fiscal year to March. Fast Retailing same store sales surge 20% in June.

India Movers: Ashok Leyland, Bajaj, Elder Pharma, Tata Motors, Zensar Tech

Mukesh Buch
02 Jul, 2013
New York City

Ashok Leyland June truck sales plunged 31% and Bajaj Auto sales declined 14%. Tata Motors June sales plummeted 18% and domestic sales tumbled 32%.

Australian Rates on Hold, Dollar Slide to Continue

Marcus Jacob
02 Jul, 2013
New York City

Reserve Bank of Australian held its cash rate for the second month but held out possibility of a future rate cut. Market indexes soared 2.6%, largest one-day gain in 19 months. Boart Longyear plunged 11% on debt rating downgrade.

U.S. Movers: Citigroup, CoreLogic, Intuit, Nokia, Tribune, TransDigm

Mukesh Buch
01 Jul, 2013
New York City

Citigroup agreed to pay $968 million to Fannie Mae. Intuit plans to sell its financial services unit to Thoma Bravo for $1.03 billion. Nokia agreed to acquire remaining 50% stake in Nokia Siemens Networks. Tribune Co agreed to buy 19 television stations valued $2.73 billion.

Euro Zone Unemployment Rate Rises to 12.1%, Croatia Joins EU

Nigel Thomas
01 Jul, 2013
New York City

European markets traded higher and unemployment in the euro zone rose to 12.1% in May. Jobless rate in the wider European Union was stable at 10.9%. With Croatia, European Union expanded to 28 nations.

Europe Earnings: Hunting, Monitise, Siemens, Thyssenkrupp, Telecom Italia

Nigel Thomas
01 Jul, 2013
New York City

Hunting soared on positive outlook. Siemens sold remaining 50% stakes in Nokia Siemens to Nokia for

U.S. Indexes Soar 1% on Manufacturing and Construction Data

Nichole Harper
01 Jul, 2013
New York City

U.S. market indexes gained more than 1% after construction spending increased 0.5% and a private read on U.S. manufacturing showed an improved growth outlook. Oryx Pharmaceuticals surged 50% after it received a bid from Amgen.

Improving Sentiment Among Large Japanese Corporations Lifts Nikkei 1.3%

Hiruki Nakamura
01 Jul, 2013
New York City

Stocks in Japan advanced for the third day in a row after a survey of large corporation showed improving sentiment and expectations of weaker yen in the current fiscal year. Weak yen sentiment has been a key driver in attracting foreign investor to Japanese stock market.

Australian Indexes Drop 1.9%, Dollar Eases

Marcus Jacob
01 Jul, 2013
New York City

Australian indexes dropped 2% in light volume and the dollar eased near the low for the year after manufacturing data in China showed slowing growth rate. Australian home prices rose 3.8% in the fiscal year ending in June reversing 3.6% decline in the previous year.

India Movers: GMR Infra, Hero, L&T, M&M, Novartis, RCom, Siemens

Mukesh Buch
01 Jul, 2013
New York City

GMR Infra won an order build 200 mw power plant in Malta. L&T won new orders worth $500 million in June. Mahindra & Mahindra June sales declined 7.8%. RCom fully repaid two Syndicated loans worth $1 billion.

Lackluster Trading in New York as Funds Reflect Rejigged Indexes

Nichole Harper
28 Jun, 2013
New York City

U.S. stocks wavered and consumer confidence index declined from a six-year high last month. Trading volume is expected to be high today as several funds adjust holdings to reflect changes in indexes. BlackBerry plunged 25% after it missed earnings and revenues targets.

Stronger Economic Data in May in Japan Lifted Nikkei 3.5%

Hiruki Nakamura
28 Jun, 2013
New York City

Core consumer prices reported by the government stopped falling in Japan in May and labor market demand increased to a five-year high. However, price increase is significantly below the Bank of Japan

U.S. Movers: AZZ, CalAmp, Finish Line, Nike, BlackBerry

Mukesh Buch
28 Jun, 2013
New York City

AZZ said net declined 9% and revenues rose 44%. Finish Line first quarter net plunged. Nike fourth quarter net jumped. Winnebago third quarter net surged 94%. BlackBerry net swung to $84 million loss.

Australian Stocks Slide as Financial Year Ends, Gold Miners Cut Costs

Marcus Jacob
28 Jun, 2013
New York City

Market indexes in Australia closed lower after a two-day rally on the last day of financial year. Cautious investors sold mining and insurance stocks. For the week, the ASX index gained 1.4% but fell 3.4% in the month.

India Movers: Asian Paints, Crompton, Dewan Housing, ONGC, YES Bank

Mukesh Buch
28 Jun, 2013
New York City

Asian Paints set record date to split stock 10-to-1. Dewan Housing is in talks to acquire a majority stake in DLF Pramerica Life Insurance. McNally Bharat secured housing construction order worth $40 million. YES Bank after it won a government approval to raise $450 million.

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