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Australian Consumer Sentiment Falls Again, Iluka Lowers Outlook

Marcus Jacob
22 May, 2013
New York City

Australian consumer sentiment index in a private survey declined for the second month in a row. Stockland completed its $400 million capital raising plan in an oversubscribed offering. Iluka Resources dropped 6%after it lowered full-year earnings outlook on weak mineral prices.

U.S. Movers: AutoZone, Best Buy, Dick's Sporting, Home Depot, TJX

Mukesh Buch
21 May, 2013
New York City

AutoZone first quarter net jumped 7% and Best Buy net swung to a loss. Dick''s Sporting, TJX and Saks net soared 13% and Urban Outfitters net soared 39%. Home Depot net advanced 19%. TiVo net increased 13%.

Europe Earnings: Burberry Marks & Spencer, Royal Mail, Vodafone

Nigel Thomas
21 May, 2013
New York City

Burberry profit for the year slipped 2.2% and Marks & Spencer profit declined 6.5% to

European Markets Stall, UK Inflation Slows

Nigel Thomas
21 May, 2013
New York City

European markets stalled after a 3-week global markets rally. The pound declined after the UK inflation declined and home prices in London led the rise across the nation. Greek bonds rallied as the yield curve returns to normal pattern.

Stocks on Wall Street Trend Higher; Home Depot Lifts Outlook, Carnival Plunges

Nichole Harper
21 May, 2013
New York City

U.S. stocks edged slightly higher as global markets traded sideways after a 3-week rally. Hedge fund SAC Capital was in focus as regulators are said to seek the closure of the fund. Fed Chairman Bernanke is set to testify before lawmakers tomorrow.

Nikkei Wavers, Softbank to Raise $4 Billion to Fund Sprint Purchase

Hiruki Nakamura
21 May, 2013
New York City

Retail investors in Tokyo drove market trading in Tokyo as broader market indexes wavered after a 9% rise last week. Softbank plans a $3.9 billion bond offering to finance its purchase of Sprint Nextel Corp. GS Yuasa soared 17% after United Air resumed its Dreamliner flights.

Australian Indexes Fall, QBE in Focus on Oklahoma Tornado Losses

Marcus Jacob
21 May, 2013
New York City

Reserve Bank of Australian said constrained credit growth and weakening inflation provided a backdrop for the latest rate cut. However, Boart Longyear joined other mining contractors lowered profit outlook. Stockland is exploring $400 million offering.

India Movers: Coal India, Divi

Mukesh Buch
21 May, 2013
New York City

Coal India net profit surged 90% and Divi

U.S. Movers: Actavis, Campbell Soup, Elan, Tesoro, Websense, Yahoo

Mukesh Buch
20 May, 2013
New York City

Actavis agree to acquire Warner Chilcott for $8.5 billion. Tesoro cleared to buy BP''s refinery and other assets in California for $2 billion. Websense acquired by Vista Equity Partners in $906 million. Yahoo agreed to acquire Tumblr in $1.1 billion.

Yahoo Faces Questions on $1.1 Billion Tumblr Acqusition

Nichole Harper
20 May, 2013
New York City

U.S. stocks traded near flat lines on merger Monday. Warner Chilcott agreed to merge with Actavis for $8.5 billion. Yahoo raised questions after it agreed to acquire loss making Tumblr for $1.1 billion.

Europe Earnings: FirstGroup, Impregilo, Marks and Spencer, Ryanair

Nigel Thomas
20 May, 2013
New York City

FirstGroup declined on the rights issues plan and annual net plunged 78%. Impregilo secured Doha metro rail contract for

Nikkei Extends Advance; Osaka Gas, NKK, Mitsui OSK Gain

Hiruki Nakamura
20 May, 2013
New York City

Stocks in Tokyo gained for the second day in a row and utilities companies surged on the speculation that electricity makers plants may restart reactors. Osaka Gas and shipping companies jumped on the prospect of U.S. shale gas imports.

Australian Stock, Dollar Advance; Santos Commences Oil Production

Marcus Jacob
20 May, 2013
New York City

Australian market indexes advanced and dollar gained for the first time in two weeks. Precious metals linked stocks led the decliners. Santos Limited commenced oil production at its Western Australian basis with the target of daily production of 150,000 barrels.

India Movers: ABB, Adani, Apollo Hospitals, PTC India, Tata Motors

Mukesh Buch
20 May, 2013
New York City

Adani Enterprises consolidated net profit in the quarter surged 53% and Apollo Hospitals net climbed 27%. Dhanlaxmi Bank net swung to profit. PTC India net plunged 62% and PI Industries net jumped 6%.

Wall Street Extends Rally, Consumer Sentiment Jumps

Nichole Harper
17 May, 2013
New York City

U.S. market indexes extended gains after consumer sentiment rose more than expected and the index of leading economic indicators showed more economic expansion in the U.S. Dell declined on a sharp fall in earnings. J.C. Penney loss widened.

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