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Euro Zone Unemployment Rate Rises to 12.1%, Croatia Joins EU

Nigel Thomas
01 Jul, 2013
New York City

European markets traded higher and unemployment in the euro zone rose to 12.1% in May. Jobless rate in the wider European Union was stable at 10.9%. With Croatia, European Union expanded to 28 nations.

Europe Earnings: Hunting, Monitise, Siemens, Thyssenkrupp, Telecom Italia

Nigel Thomas
01 Jul, 2013
New York City

Hunting soared on positive outlook. Siemens sold remaining 50% stakes in Nokia Siemens to Nokia for

U.S. Indexes Soar 1% on Manufacturing and Construction Data

Nichole Harper
01 Jul, 2013
New York City

U.S. market indexes gained more than 1% after construction spending increased 0.5% and a private read on U.S. manufacturing showed an improved growth outlook. Oryx Pharmaceuticals surged 50% after it received a bid from Amgen.

Improving Sentiment Among Large Japanese Corporations Lifts Nikkei 1.3%

Hiruki Nakamura
01 Jul, 2013
New York City

Stocks in Japan advanced for the third day in a row after a survey of large corporation showed improving sentiment and expectations of weaker yen in the current fiscal year. Weak yen sentiment has been a key driver in attracting foreign investor to Japanese stock market.

Australian Indexes Drop 1.9%, Dollar Eases

Marcus Jacob
01 Jul, 2013
New York City

Australian indexes dropped 2% in light volume and the dollar eased near the low for the year after manufacturing data in China showed slowing growth rate. Australian home prices rose 3.8% in the fiscal year ending in June reversing 3.6% decline in the previous year.

India Movers: GMR Infra, Hero, L&T, M&M, Novartis, RCom, Siemens

Mukesh Buch
01 Jul, 2013
New York City

GMR Infra won an order build 200 mw power plant in Malta. L&T won new orders worth $500 million in June. Mahindra & Mahindra June sales declined 7.8%. RCom fully repaid two Syndicated loans worth $1 billion.

Lackluster Trading in New York as Funds Reflect Rejigged Indexes

Nichole Harper
28 Jun, 2013
New York City

U.S. stocks wavered and consumer confidence index declined from a six-year high last month. Trading volume is expected to be high today as several funds adjust holdings to reflect changes in indexes. BlackBerry plunged 25% after it missed earnings and revenues targets.

Stronger Economic Data in May in Japan Lifted Nikkei 3.5%

Hiruki Nakamura
28 Jun, 2013
New York City

Core consumer prices reported by the government stopped falling in Japan in May and labor market demand increased to a five-year high. However, price increase is significantly below the Bank of Japan

U.S. Movers: AZZ, CalAmp, Finish Line, Nike, BlackBerry

Mukesh Buch
28 Jun, 2013
New York City

AZZ said net declined 9% and revenues rose 44%. Finish Line first quarter net plunged. Nike fourth quarter net jumped. Winnebago third quarter net surged 94%. BlackBerry net swung to $84 million loss.

Australian Stocks Slide as Financial Year Ends, Gold Miners Cut Costs

Marcus Jacob
28 Jun, 2013
New York City

Market indexes in Australia closed lower after a two-day rally on the last day of financial year. Cautious investors sold mining and insurance stocks. For the week, the ASX index gained 1.4% but fell 3.4% in the month.

India Movers: Asian Paints, Crompton, Dewan Housing, ONGC, YES Bank

Mukesh Buch
28 Jun, 2013
New York City

Asian Paints set record date to split stock 10-to-1. Dewan Housing is in talks to acquire a majority stake in DLF Pramerica Life Insurance. McNally Bharat secured housing construction order worth $40 million. YES Bank after it won a government approval to raise $450 million.

Europe Earnings: Accenture, Hochtief, Serco, SGL Carbon

Nigel Thomas
28 Jun, 2013
New York City

Accenture revenue rose 1% and net climbed 11.3% to $810.3 million but lowered outlook. Hochtief increased its stake in Australia based Leighton Holdings. SGL Carbon expects group EBITDA in the second quarter to be slightly below.

U.S. Stocks in 3-Day Rally, Weekly Jobless Claims Fall

Nichole Harper
27 Jun, 2013
New York City

U.S. indexes rallied for the third day in a row and leading indexes gained as much as 1%. Weekly jobless claims declined and personal spending rose, lifting market sentiment. Average mortgage rate rose to a 2-year high to 4.46%.

U.S. Movers: Bed Bath & Beyond, ConAgra, H.B. Fuller, KB Home, Paychex

Mukesh Buch
27 Jun, 2013
New York City

Bed Bath & Beyond sales climbed 18% but net slid 2%. ConAgra net swung to profit as sales jumped 34% to $4.6 billion. H.B. Fuller net surged to $25.9 million. Paychex net and diluted earnings in the quarter were flat. UniFirst revenue declined but net rose.

Europe Earnings: Betfair, Carillion, Debenhams, DS Smith, Sevan Drilling

Nigel Thomas
27 Jun, 2013
New York City

Betfair said sales for the year were flat and net swung to

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