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BoJ Action Expectations Lift Nikkei 3%, Fast Retailing jumps 14%

Hiruki Nakamura
03 Apr, 2013
New York City

Stocks in Tokyo surged the most in nearly two months as Bank of Japan began a two-day meeting. Expectations of accelerated and larger bond buying program from the central bank lifted the Nikkei 3%. Fast Retailing surged 14% on same store sales jump of 23%.

U.S. Movers: Acuity Brands, ConAgra, Conn

Mukesh Buch
03 Apr, 2013
New York City

Acuity Brands second quarter net surged 27% and ConAgra third quarter net declined 56% to $123.4 million. Conn

Europe Movers: BMW, Thorntons, SSE, Telecom Italia, Vodafone

Nigel Thomas
03 Apr, 2013
New York City

BMW said quarterly sales in U.S. climbed 5.3% to 64,902 units. Chocolate maker Thorntons lifted profit outlook for fiscal 2013. SSE confirmed the penalty of

Australian New Home Sales Fall 5.3%, Dollar Gains

Hiruki Nakamura
03 Apr, 2013
New York City

Australian stocks declined and the dollar gained as commodities prices eased. New home sales tumbled 5.3% in February after rising for four months in a row.

India Movers: Adani Power, Escorts, L&T, RCom, SRF

Mukesh Buch
03 Apr, 2013
New York City

Ashok Leyland March sales slid 2%. Adani Power soared 9% after the electricity commission approved a temporary price hike to compensate for higher imported coal prices. L&T won order for Abu Dhabi Airport. RCom rose after network sharing deal worth Rs 1,200 crore with Reliance Jio Infocomm.

India Movers: KEC Intl, L&T, M&M, Novartis, Syndicate Bank

Mukesh Buch
01 Apr, 2013
New York City

KEC Intl won new orders worth $180 million and L&T secured order valued $1 billion and completed acquisition of Audco India. M&M March sales surged 10.6%. Supreme Court rejected cancer drug patent of Novartis. Syndicate Bank raised $500 million for its London operations.

Record High Unemployment in Euro Zone

Nigel Thomas
02 Apr, 2013
New York City

Unemployment rate in the euro zone increased to 12% in February and was revised to the same from 11.9%, according to the latest data released by the Eurostat.

U.S. Indexes at Fresh Highs, Factory Orders Rise 3%

Nichole Harper
02 Apr, 2013
New York City

Financial markets advanced and major indexes flirted near new highs. Factory orders increased 3% in February and auto sales in March were ahead of expectations. Nasdaq OMX Group agreed to acquire the bond trading platform eSpeed for $1.23 billion.

U.S. Movers: Chrysler, Ford, GM, McCormick, NASDAQ

Mukesh Buch
02 Apr, 2013
New York City

Chrysler U.S. sales in March rose 5% and Ford and GM sales rose 6%. NASDAQ agreed to acquire eSpeed from BGC Partners, Inc. for $750 million in cash.

U.S. Movers: Bridgepoint, Cal-Maine, Dell, MTS, Novartis, Tesla

Mukesh Buch
01 Apr, 2013
New York City

German based private equity group Bridgepoint agreed to acquire Oasis Healthcare worth

Stocks Slide in Tokyo, Auto Sales Drop 9.4% in March Quarter

Hiruki Nakamura
02 Apr, 2013
New York City

Stocks in Tokyo eased for the second day in a row and the yen advanced to a one-month high. Auto sales in the quarter to March declined 9.4% in Japan after government ended subsidies. Toyota sales fell 15% and Nissan declined 6% and Honda sales plunged 45%.

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