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India Movers: Bharti Airtel Hikes Rates, Zee Net Soars 40%

Mukesh Buch
23 Jan, 2013
New York City

Bharti Airtel hiked after the telecom carrier lifted tariffs on certain plans. Exide Industries agreed to acquire 50% stake in ING Vysya Life Insurance. Kirloskar Brothers net swung to loss. Zee Entertainment third quarter profit after tax surged 40.5%.

Stocks in New York Advance to New Highs, World Markets Struggle

Bikram Pandey
22 Jan, 2013
New York City

Market indexes in New York extend recent multi-year high gains and home sales surged 9.2% in 2012. Delta Air, Verizon, Johnson & Johnson and Caterpillar reported mixed earnings. European markets eased and banks were under pressure. Bank of Japan lifted its inflation target to 2%.

German Confidence Rebounds; Vivendi, Deutsche Bank Fall

Barry Randall
22 Jan, 2013
New York City

European markets closed lower as the earnings season get in the full swing this week. Vivendi declined on the difficult business conditions at its telecom unit. Deutsche Bank was asked to simulate profit after a breakup of banking from securities business by the German regulator.

Microsoft May Contribute $1 Billion to Dell Buyout, Home Sales Ease

Nichole Harper
22 Jan, 2013
New York City

Stocks in New York declined after existing home sales declined unexpectedly in December. Microsoft may contribute as much as $1 billion in a deal to acquire computer maker Dell. Verizon Communications reported wider loss and Johnson & Johnson net surged.

Bank of Japan Confirms 2% inflation Target, Unlimited Asset Purchase Program

Nigel Thomas
22 Jan, 2013
New York City

Stocks in Tokyo traded volatile and shot up 1% after the Bank of Japan confirmed the inflation target revision to 2% and deferred unlimited bond purchase from January 2014. The yen traded higher.

Australian Markets Flat, Business Conditions Index Weaken to 15-Year Low

Marcus Jacob
22 Jan, 2013
New York City

Australian market index ASX 200 surged after the Bank of Japan announcement but failed to close in positive territory. Investor confidence to invest stayed near a 15-year low on high dollar and weak business conditions. NAB declined after Santander denied reports of its interest in buying UK assets.

U.S. Movers: Delta Air Lines, du Pont, Johnson & Johnson, Verizon

Mukesh Buch
22 Jan, 2013
New York City

Delta Air Lines fourth quarter net tumbled and du Pont fourth quarter net declined 70%. Johnson & Johnson profit surged to $2.57 billion. Travelers fourth quarter net profit declined 51%. Verizon fourth quarter net loss widened.

India Movers: Asian Paints, Hindustan Unilever, Kotak Mahindra, Pantaloon

Mukesh Buch
22 Jan, 2013
New York City

Asian Paints third quarter profit climbed 30.5% and Cairn India profit jumped 48%. Hindustan Unilever third quarter net profit soared 15.6% to Rs 871.36 crore and Kotak Mahindra climbed 25% to Rs 577.21 crore. RCom and RIL are in talks for mobile network expansion.

Euro Zone Ministers Discuss Emergency Lending, Markets Advance

Barry Randall
21 Jan, 2013
New York City

European markets gained and the earnings growth expectations are low in the region ahead of the scheduled release. Producer prices rose 2.2% in third quarter in Switzerland but declined 0.3% in December in Germany. Spain is set to release jobs data this week.

Europe Movers: Novozymes, Pearson, Richemont, Sky Deutschland

Barry Randall
21 Jan, 2013
New York City

Banks in Madrid were in focus after the Bank of Spain reported weak loan conditions and 17% monthly payments in loans were in arrears. Novozymes reported rising sales and earnings. Richemont said sales in Asia Pacific ground to a halt. Sky Deutschland plans to sell 20.4 million shares.

Nikkei Falls 1.5% Ahead of BoJ Inflation Target Announcement

Nigel Thomas
21 Jan, 2013
New York City

Nikkei and Topix in Tokyo closed lower ahead of the Bank of Japan announcement tomorrow. Widespread expectation of inflation target revision to 2% has been priced in the latest market rally of 26% in two months that stretched automakers by as much as 40%.

Australian Retirement Accounts at New highs, Indexes Flat

Marcus Jacob
21 Jan, 2013
New York City

Australian indexes were nearly flat ahead of earnings from BHP Billiton and the release of inflation target from the Bank of Japan. Retirement account balances have jumped to a new high as Australian market recovers from a five-year slump.

India Movers: HDFC, NTPC, Reliance Ind and SpiceJet Net Soar

Mukesh Buch
21 Jan, 2013
New York City

Bhushan Steel third quarter net profit declined 20% and Finolex net swung to profit. HDFC net profit in the quarter jumped 27.5% and NTPC third quarter net profit climbed 22%. Reliance Industries net profit third quarter profit jumped 23.9%, ahead of expectations.

Economy in China Rebounds, Lawmakers Struggle to Lift U.S. Debt Ceiling

Bikram Pandey
18 Jan, 2013
New York City

Markets in New York and Europe traded sideways and in Asia jumped. The latest batch of mixed earnings report failed to lift sentiment and lawmakers struggled to patch differences on debt ceiling negotiation. China rebounded after a two-year slowdown.

Europe Movers: BNP Paribas, Mediaset, Metro, Renault, Rio, Telenet

Barry Randall
18 Jan, 2013
New York City

Renault SA increased 2% after the French automaker reported sales outlook. Mediaset SpA, Italian broadcaster soared 6% and extended two-day gain to 17% on a broker recommendation. Spectris Plc soared 7% after comparable sales rose 4% in the December quarter. Telenet declined 3%.

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