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Australian Stocks in 2-Day Rally, Dollar Drifts Lower

Marcus Jacob
22 Apr, 2013
New York City

Australian indexes built on the early morning gains to close higher for the second day in a row but iron ore prices trended near the low of the year. Australian dollar was one penny shy from the low of the year. OZ Minerals plunged 10% on lowered copper deposit estimates.

Nasdaq Jumps 1.2% on Google, Microsoft Earnings; GE Trims Outlook

Nichole Harper
19 Apr, 2013
New York City

Tech heavy Nasdaq led the market indexes on Wall Street with a surge of 1.2%. Earnings dominated trading sentiment after Google and Microsoft reported better than expected earnings and IBM fell short of expectations.

G20 Avoids Criticizing Yen Weakening, Nikkei Advance Resumes

Hiruki Nakamura
19 Apr, 2013
New York City

Markets in Tokyo advanced after Finance Minister Aso said G20 minister failed to criticize stimulus and the yen weakening. The yen is likely to weaken further and market indexes are expected to rise in the next two weeks as the earnings season gather momentum.

U.S. Movers: GE, Google, Honeywell, Kimberly-Clark, IBM, Microsoft

Mukesh Buch
19 Apr, 2013
New York City

GE first quarter net soared 14% but highlighted weak economic environment in Europe. Google net surged 16% and Honeywell net slid. Net income at IBM fell 1%. Microsoft third quarter net climbed 19% and Schlumberger first quarter net declined 3% to $1.3 billion.

European Markets Rebound in Volatile Weekly Trading

Jeffrey Gogo
19 Apr, 2013
New York City

Financial markets across the European Union rebounded with a lift in resource stocks. Commodities stabilized at the end of a volatile week but weak global market outlook overshadowed market trading. Banks are ahead of schedule to repay a portion of loans from the European Central Bank next week.

Australian Markets Halt Slide, Weekly Loss of 1.6%

Marcus Jacob
19 Apr, 2013
New York City

Australian stocks closed higher on the final day of the week. The ASX 200 index declined 1.6% during the volatile week when resource companies plunged more than 5%. QBE Insurance Group agreed to settle charges with New York regulators for $9.7 million.

L'Oreal Quarterly Sales Jump 5%, SAP Net Surges 17%

Nigel Thomas
19 Apr, 2013
New York City

L''''Oreal said first quarter revenue jumped 5.1% to

Wall Street Slides on Revenue Misses at Morgan Stanley, Ebay, American Express

Nichole Harper
18 Apr, 2013
New York City

U.S. stocks declined and struggled near the bottom of the session after weekly jobless claims rose and earnings from several companies failed to meet analyst estimates. UnitedHealth Group, American Express, Ebay and Morgan Stanley fell on quarterly results.

Europe Movers: Debenhams, Sky Deutschland, Sodexo, Syngenta

Nigel Thomas
18 Apr, 2013
New York City

Debenhams profit for the first-half slid to

U.S. Movers: BB&T, Danaher, eBay, Morgan Stanley, SanDisk

Mukesh Buch
18 Apr, 2013
New York City

BB&T first quarter net plunged 51% and eBay net soared 19% but offered weak outlook. Morgan Stanley net swung to $958 million profit and Mattel first quarter net surged nearly four-fold. SanDisk net soared 46%.

European Markets Rebound, Weather Impacts UK Retail Sales Growth

Jeffrey Gogo
18 Apr, 2013
New York City

European markets rebounded a day after a rout in commodities price and weak auto sales across the currency zone. UK retail sales growth declined in March on the coldest temperatures since 1962. Portugal proposed new austerity measures.

India Movers: CRISIL, Essar Ports, HMT, IndusInd Bank, MRF

Mukesh Buch
18 Apr, 2013
New York City

CRISIL fourth quarter net declined 15% and Essar Ports net swung to profit. Government controlled HMT soared on speculation of capital injection. IndusInd Bank fourth quarter net climbed 37.6% and MRF second quarter net jumped 40%.

Australian Resource Stocks Plunge 5%

Marcus Jacob
18 Apr, 2013
New York City

Australian stocks plunged in the late afternoon to extend the daily loss to 1.6% in the broader indexes. Commodities declined and copper dipped to the price last seen in October 2011. Resource sector index dropped more than 4%.

Wall Street Extends Global Markets Decline

Nichole Harper
17 Apr, 2013
New York City

Stocks on Wall Street declined as global growth worries resurfaced and the latest batch of earnings disappointed analysts. European auto sales dropped for the eighteenth month in a row. Bank of America, Intel and CSX traded lower after reporting earnings.

U.S. Movers: Abbott, BofA, CSX, Intel, Linear Tech, Yahoo

Mukesh Buch
17 Apr, 2013
New York City

Abbott first quarter net plunged 56% and BofA net surged to $2.26 billion. Intel net plunged 25% to $2.04 billion. Linear third quarter jumped 13%. Bank of New York first quarter net swung to $266 million loss. Yahoo first quarter net jumped 92% to $390 million.

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