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Australian Indexes and Dollar Ease on Weak Commodities

Marcus Jacob
05 Apr, 2013
New York City

Australian stocks traded lower in weak trading sentiment in Asia. Banks led the decliners and resource stocks closed mixed. Base metals traded higher but precious metals declined along with crude oil futures on the move in the U.S. dollar.

India Movers: GMR, Maruti, Power Grid Corp, L&T, Reliance, Voltas

Mukesh Buch
05 Apr, 2013
New York City

GMR bid for airport development project in Philippines. Maruti surged on weaker yen. Power Grid board approved investment of $700 million. Shriram City hired banks for share sale of up to $182 million.

U.S. Movers: International Speedway, Mitcham, RPM Intl, Greenbrier

Mukesh Buch
04 Apr, 2013
New York City

International Speedway second quarter net declined 21%. Ocwen Financial completed the purchase of Liberty Home Equity Solutions. Provident New York plans to acquire Sterling Bancorp for $344 million in stock. RPM Intl second quarter net swung to loss.

ECB and BoE Hold Rates

Nigel Thomas
04 Apr, 2013
New York City

European Central Bank held its reference rate at 0.75% and Bank of England kept its benchmark rate at 0.5% and did not expand its bond buying program.

U.S. Markets Rebound on Japan Monetary Easing, Weekly Claims Rise

Nichole Harper
04 Apr, 2013
New York City

U.S. stocks rebounded after Bank of Japan embarked on aggressive and bold monetary easing with a goal to double monetary base and inflation of 2% in the next two years. U.S. weekly jobless claims increased more than expected.

Europe Movers: Booker, Generali, BTG, Domino's, EADS, IAG

Nigel Thomas
04 Apr, 2013
New York City

Booker total sales increased 3.5% to

Bank of Japan Embarks on Bold Experiment, Nikkei in 5% Reversal

Hiruki Nakamura
04 Apr, 2013
New York City

Bank of Japan embarked on bold experiment to end economic stagnation of two decades and doubled its asset purchase program and increase monetary base in two years. Economists fear that the latest experiment will create real estate and securities price bubble in Japan but financial markets surged.

Australian Vehicles Sales Rise 7.4%, Home Buildings Approval Up 3.1%

Marcus Jacob
04 Apr, 2013
New York City

Australian dollar and stocks edged lower and retail sales in February increased 1.3% and new car sales jumped 7.4% in March. New home construction approvals in February rose 3.1%.

India Movers: Coal India, Crompton Greaves, Hexaware, Tata Motors

Mukesh Buch
04 Apr, 2013
New York City

Government plans to sell its 4.1% stake in Coal India to raise $3.67 billion. Crompton Greaves wins a contract worth $50 million in Netherlands. Hexaware signed a contract with the US based client worth $30 million. Diageo Plc agreed to buy a majority stake United Spirits for $2 billion.

Private Sector Employment Growth Slowest in 5 Months, Indexes Pull Back

Nichole Harper
03 Apr, 2013
New York City

U.S. market indexes pulled back after the latest data on private sector net job addition was weaker than expected. In addition, the latest survey on the dominant service sector in the economy also indicated a slowdown.

BoJ Action Expectations Lift Nikkei 3%, Fast Retailing jumps 14%

Hiruki Nakamura
03 Apr, 2013
New York City

Stocks in Tokyo surged the most in nearly two months as Bank of Japan began a two-day meeting. Expectations of accelerated and larger bond buying program from the central bank lifted the Nikkei 3%. Fast Retailing surged 14% on same store sales jump of 23%.

U.S. Movers: Acuity Brands, ConAgra, Conn

Mukesh Buch
03 Apr, 2013
New York City

Acuity Brands second quarter net surged 27% and ConAgra third quarter net declined 56% to $123.4 million. Conn

Europe Movers: BMW, Thorntons, SSE, Telecom Italia, Vodafone

Nigel Thomas
03 Apr, 2013
New York City

BMW said quarterly sales in U.S. climbed 5.3% to 64,902 units. Chocolate maker Thorntons lifted profit outlook for fiscal 2013. SSE confirmed the penalty of

Australian New Home Sales Fall 5.3%, Dollar Gains

Hiruki Nakamura
03 Apr, 2013
New York City

Australian stocks declined and the dollar gained as commodities prices eased. New home sales tumbled 5.3% in February after rising for four months in a row.

India Movers: Adani Power, Escorts, L&T, RCom, SRF

Mukesh Buch
03 Apr, 2013
New York City

Ashok Leyland March sales slid 2%. Adani Power soared 9% after the electricity commission approved a temporary price hike to compensate for higher imported coal prices. L&T won order for Abu Dhabi Airport. RCom rose after network sharing deal worth Rs 1,200 crore with Reliance Jio Infocomm.

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