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165,000 Net Job Additions in April Lift S&P 500 Index Above 1,600

Nichole Harper
03 May, 2013
New York City

The U.S. economy added 165,000 net new jobs in April and jobless rate fell to 7.5% and March and February data were revised higher. S&P 500 index crossed 1,600 after 13 years crossing 1,500 and the narrow Dow Jones crossed 15,000 for the first time.

Europe Earnings: adidas Net Jumps 7%, BNP Paribas Net Plunges 45%

Nigel Thomas
03 May, 2013
New York City

adidas first quarter net climbed 7% to

Europe Estimates Another Year of Economic Decline, Indexes Jump 1%

Nigel Thomas
03 May, 2013
New York City

European markets gained more than 1% on the back of better than expected U.S. employment data. European Commission lowered its economic outlook for the euro zone and European Union economies and the region is expected to shrink economies for the second year in a row.

Australian Services Index Contract, Westpac Banking Net Jumps 10%

Marcus Jacob
03 May, 2013
New York City

Australian market indexes traded flat after the latest private survey on service industry showed a contraction at the fastest pace since December. Westpac Banking reported 10% jump in first-half earnings and declared one-time additional dividend of 10 cents a share.

RBI Lowers Rate, Bharti Airtel to Sell 5% Stake to Qatar

Mukesh Buch
03 May, 2013
New York City

Ambuja Cements net tumbled jumped 56% and Alstom secured order from BHEL. AstraZeneca net loss narrowed. Blue Dart net climbed 43% and Bharti Airtel sell 5% stake to Qatar Foundation. Bajaj Corp net surged 44% and Honeywell net declined 8%.

Wall Street Rally on Earnings, Auto Sales, Jobless Claims, Rate Cut in Europe

Nichole Harper
02 May, 2013
New York City

Stocks in New York traded higher after earnings were ahead of expectations and automakers reported best April sales since 2007. Ford sales surged 18% and General Motors and Chrysler sales increased 11% in April. Weekly jobless claims declined to the lowest since January 2008.

U.S. Movers: Facebook, GM, Kellogg, Manulife, MetLife, Visa

Mukesh Buch
02 May, 2013
New York City

Facebook first quarter net jumped 7% and GM net declined 14% but narrowed losses in Europe. Kellogg plunged 11% and Manulife net tumbled 56%. Murphy Oil net plunged 23% and MetLife net swung to $956 million profit. Visa second quarter net slid 2%.

ECB Rate Cut Unlikely to Reverse Economic Trends in Europe

Nigel Thomas
02 May, 2013
New York City

European markets pared losses but closed mixed after the European Central Bank lowered rate to 50 basis points. The widely expected rate cut is largely symbolic as companies in peripheral zone are likely to not see any benefits of the rate cut.

Europe Earnings: BSkyB Net Up 9%, Sanofi Sales Fall

Nigel Thomas
02 May, 2013
New York City

British Sky Broadcasting said net income for the nine-month period increased 9% to

Nikkei in Longest 4-Day Slump Since November

Hiruki Nakamura
02 May, 2013
New York City

Stocks in Tokyo edged lower for the fourth day in a row, the longest decline since November, on global economic growth worries. Daiwa Securities reported largest quarterly profit in seven years. Tokyo Steel estimated higher sales in second half. Japanese automakers declined on weak U.S. sales.

Global Worries Drag Commodities and Australian Stocks

Marcus Jacob
02 May, 2013
New York City

Australian markets traded lower after commodities prices eased on weak economic data from the U.S., China and euro zone. Australian building approvals plunged 5.5%, the largest monthly sales decline in eight months.

India Movers: Airtel, Bajaj, Glaxo, IDFC, Kotak, L&T, Maruti, Marico

Mukesh Buch
02 May, 2013
New York City

Bharti Airtel net tumbled 49% and Bajaj, Hero MotoCorp sales declined 10% and Maruti sales dropped 3% in April. Glaxo net jumped 19% and IDFC net soared 57% and Kotak Mahindra net surged 47%. Syndicate Bank net climbed 91%.

U.S. Movers: Comcast, Cummins, Humana, MasterCard, Time Warner

Mukesh Buch
01 May, 2013
New York City

American Tower first quarter net plunged 23% and Comcast net soared 18%. Cummins net tumbled 38% and Humana net surged 91%. MasterCard net climbed 12% and Merck revenues fell short of expectations. Time Warner net surged 24% and Reuters net swung to a loss.

U.S. Construction Spending Falls, Apple Completes $17 Billion Bond Offering

Nichole Harper
01 May, 2013
New York City

Stocks on Wall Street showed a negative bias after construction sector activities declined in March and U.S. manufacturing growth slowed. Apple completed the $17 billion bond offering, the largest bond deal in corporate history. European markets and several Asian markets were closed for May Day.

Japanese Corporations Take Cautious View on Weaker Yen Benefits

Hiruki Nakamura
01 May, 2013
New York City

Market indexes in Tokyo rested after 15-year record gain of 12% in April. Power utilities are bracing for a second annual record loss and seek higher tariffs that could contribute to inflation. The latest batch of earnings outlook fell short of expectations.

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