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Nikkei Surges 1.9% as Yen Falls on Jiabao's Comments

Nigel Thomas
16 Aug, 2012
New York City

Stocks in Japan gained and the benchmark index Nikkei closed at a 6-week high after the yen fell. Comments from Chinese premier and the weakness in the yen prompted a sharp reversal in exports linked companies.

Wesfarmers, AMP Earnings Lift Australian Indexes 1%

Marcus Jacob
16 Aug, 2012
New York City

Australian stocks surged after the latest batch of earnings lifted sentiment. Coles supermarket division of Wesfarmers reported a surge in sales and earnings. Wealth manager AMP reported 7% increase in first half sales. However, the exchange operator ASX said annual net declined 4%.

U.S. Movers 2: Dollar Tree, Perrigo, Ross Stores, Cato, Sears, Wal-Mart

Sarla Buch
16 Aug, 2012
New York City

Dollar Tree second quarter net climbed 26% and Perrigo fourth quarter net jumped 27%. Ross Stores second quarter net soared 23% and Sears Holdings net loss narrowed. Wal-Mart second quarter climbed 5.7% to $4.02 billion.

U.S. Movers: Applied Materials, Agilent, Cisco, Limited Brands, NetApp

Mukesh Buch
16 Aug, 2012
New York City

Applied Materials third quarter net plunge 54.2% and estimated current quarter sales to fall below estimate. Agilent net fell 26%. Cisco fourth quarter net soared 56% to $1.92 billion. Limited Brands second quarter net dropped 37.9% and NetApp net tumbled 54.3%.

U.S. Housing Starts Drop, Weekly Jobless Claims Rise

Arthi Gupta
16 Aug, 2012
New York City

U.S. indexes rose on positive comments from the Chinese premier. New housing construction in the U.S. fell but weekly jobless claims edged higher in July. Cisco net surged 55.6% in the fourth quarter.

Europe Movers: Basilea Pharma, SBM Offshore, Zurich Insurance

Arthi Gupta
16 Aug, 2012
New York City

Zurich Insurance earnings fell 19% and Telekom Austria revenues declined 4.2% in the second quarter. Basilea Pharmaceutica net loss widened and SBM Offshore swung to profit in the first-half.

Euro Zone Inflation Stable, UK Retail Sales Rise

Arthi Gupta
16 Aug, 2012
New York City

The European indexes traded lower awaiting central bank action. German employment rose in the second quarter, the UK retail sales rose unexpectedly and euro zone annual inflation was stable in July. Telekom Austria earnings rose in the second quarter.

Global Markets Struggle in Slow Summer Trading

Bikram Pandey
15 Aug, 2012
New York City

U.S. markets traded sideways and Industrial output increased in July but manufacturing index fell in New York region. European markets eased and gold, copper and oil traded higher. Asian markets were flat and Shanghai index fell 1.1%. Markets in India were closed to celebrate Independence Day.

Nikkei, Yen Weaken; Sharp, Steel Makers Drop

Nigel Thomas
15 Aug, 2012
New York City

Stocks in Tokyo eased and steel makers led the decliners on the worries that the demand from China was waning. Gree Inc, the social gaming site operator dropped 7% after estimating lower than expected annual outlook.

Australian Stocks Fall, CBA Reports $7 Billion Profit

Marcus Jacob
15 Aug, 2012
New York City

Australian investors sought the safety in local economy oriented companies. Commonwealth Bank reported record $7 billion profit for the year ending in June. OZ Minerals dropped 7% after it reported rising profits but operating costs rose more than expected.

U.S. Movers: Deere, KIT digital, Staples, Carlyle Group, Target

Mukesh Buch
15 Aug, 2012
New York City

Deere third quarter net jumped 11% and provides fiscal outlook. KIT digital said second quarter net loss widened to $151.1 million and Staples plunged 31.8%. Carlyle Group acquired Getty Images for $3.3 billion. Target said second quarter net flat.

U.S. Inflation Holds in July, Carlyle to Acquire Getty Images

Arthi Gupta
15 Aug, 2012
New York City

U.S. indexes dropped after consumer prices remained unchanged in July. Carlyle agreed to acquire Getty Images for $3.3 billion. Global Payments agreed to buy Accelerated Payment for $413 million in cash. Abercrombie quarterly net fell but Deere earnings rose.

Europe Movers: Balfour Beatty, Calrsberg, H&M, Holcim

Arthi Gupta
15 Aug, 2012
New York City

Balfour Beatty first-half revenue rose 6% but Eurasian Natural Resources pre-tax profit plunged 59%. Hennes & Mauritz total July sales increased 11%. Carlsberg second quarter net revenue improved 5%.

UK Jobless Claims Fall, Carlsberg Net Rises

Arthi Gupta
15 Aug, 2012
New York City

The European indexes edged lower in weak trading across the region. The UK jobless claimant count fell unexpectedly in July. Hungarian production eased in June. Lloyds Banking agreed to sell a portfolio of private equity investments for

NY Settles Stan Chat Probe for $340 M, Internet Stocks Down

Bikram Pandey
14 Aug, 2012
New York City

U.S. stocks gained after retail sales increased the most in four months. However, euro zone economies struggled in the second quarter. In trading, Internet stocks were in focus after Groupon plunged 23% and Yelp, Angies List and Facebook extended losses. New York settles Standard Chartered probe.

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