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Market Update

India Movers: Bank of Baroda, Indian Bank Net Slip, Berger Paints Net Soars

Mukesh Buch
04 Feb, 2013
New York City

Adani Enterprises third quarter net increased 2.2% and Bank of Baroda net declined 21.6%. Berger Paints net surged 56.4%. Hero MotoCorp January total sales climbed 7%. Indian Bank net tumbled 37.1%. IL&FS Transportation net jumped 18.6% and Rural Electrification net surged 33.4%.

U.S. Leads World Markets Rally on Construction and Manufacturing Strength

Bikram Pandey
01 Feb, 2013
New York City

Market indexes on Wall Street gained more than 1% and extended gains for the year. The S&P 500 index added 0.6% in the week and added 6.1% in the year so far on the strength in manufacturing and construction industry. World markets gained and the euro advanced to a 14-month high.

Europe Movers: BT, Bankia, Electrolux, Popolare, Tate & Lyle

Barry Randall
01 Feb, 2013
New York City

BT Group soared 7% after it reported higher than expected adjusted operating earnings. Banca Popolare di Milano may restructure as a joint stock company. Stocks in Madrid declined after financial regulator lifted a ban on short selling. Tate & Lyle fell on sucralose sales outlook.

European Markets Rebound on Manufacturing Data and Global Hopes

Barry Randall
01 Feb, 2013
New York City

European markets rebounded at the fastest pace in three weeks after latest economic data in the region indicated improved manufacturing sector. The data in China and U.S. also supported optimism. Spanish index dropped 1.7% after a regulator lifted short selling ban.

U.S. Indexes Surge After January Jobs Report

Nichole Harper
01 Feb, 2013
New York City

Stocks and indexes traded higher after employers added 157,000 jobs in January. Job additions data in November and December were revised higher and employers added 181,000 jobs a month in 2012.

U.S. Movers: Aon, Chevron, Exxon, Ingersoll-Rand, Merck, Mattel

Mukesh Buch
01 Feb, 2013
New York City

Aon fourth quarter net soared 10% and Chevron net soared 41%. Exxon Mobil fourth quarter net climbed 6% and Ingersoll-Rand net slipped 3%. Lear net surged more than seven-fold. Merck fourth quarter net declined 7% and Mattel net plunged 17%.

Nikkei in 12th Weekly Gain, Yen Drops to 30-Month Low

Hiruki Nakamura
01 Feb, 2013
New York City

The Nikkei index added 0.5% and capped weekly gain of 2.6% and extended gains for the 12th week in a row. The yen declined to the low last seen in June 2010. Softbank reported third quarter net doubled. NEC soared 9% swung to a quarterly profit.

Australian Indexes Extend January Gains

Marcus Jacob
01 Feb, 2013
New York City

Australian markets extended gains after advancing nearly 5% in January. The latest manufacturing data from China indicated slower than expected improvement.

India Movers: Bhel Net Drops 18%; M&M, Maruti, TVS Sales Slip

Mukesh Buch
01 Feb, 2013
New York City

Bhel third quarter net declined 18%. Jet Airways swung to Rs 85 crore net income. Marico net jumped 21%. MRPL net swung to a loss. M&M, Maruti Suzuki, TVS January sales slipped.

Global Markets Extend Rally in January, S&P 500 Jumps 5%, Nikkei Soars 7%

Bikram Pandey
31 Jan, 2013
New York City

U.S. stocks trimmed the gains but extended 2012 advances in January. The S&P 500 index gained 5% and has now doubled from its low in 2009. The euro closed at a 14-month high and markets in Japan surged 7% on the stimulus hopes.

Europe Movers: AstraZeneca, Deutsche Bank, Infineon, Lonmin, Shell, Santander

Barry Randall
31 Jan, 2013
New York City

AstraZeneca fell after it estimated lower sales in the current year. Deutsche Bank reported a loss and Banco Santander estimated higher loan losses in Spain. Ericsson reported sales increased 5%. Infineon forecasted higher sales and operating earnings. Lonmin soared on 17% rise in platinum sales.

Euro Markets Ease on Earnings Worries, German Retail Sales Fall 1.7%

Barry Randall
31 Jan, 2013
New York City

Markets in the euro zone declined after weaker than expected earnings and German retail sales fell in December. AstraZeneca estimated sales decline on higher competition from generics. Banco Santander set aside more capital cover losses in Spanish loans. Deutsche Bank reported a loss.

U.S.Jobless Claims Rise 38,000; Income Surges on Dividend Payouts

Nichole Harper
31 Jan, 2013
New York City

Stocks in New York traded sideways after Chicago area manufacturing indicated expansion. Jobless claims increased 38,000 at the end of last week. Personal income rose 2.6% in December, the largest increase in nine years.

U.S. Movers: Aetna, Colgate-Palmolive, Facebook, MasterCard, Dow

Mukesh Buch
31 Jan, 2013
New York City

Aetna fourth quarter net plunged 49% and Colgate-Palmolive net rose 1%. Facebook revenue climbed but net tumbled 69%. MasterCard net surged to $605 million. Time Warner net declined 9% and sales jumped. Dow Chemical quarterly loss widened.

Earnings Season in Japan Accelerate; Alps, Nintendo, SMFG, Softbank in Focus

Haruki Nakamura
31 Jan, 2013
New York City

Stocks in Tokyo closed higher as the earnings season accelerated. Softbank, Nintendo, Sumitomo Mitsui and Alps Electric were among the leading companies to report earnings. December industrial production increased less than expected 2.5%.