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Australian Stocks Extend Rally to Lift ASX 200 at a 5-Year High

Marcus Jacob
11 Mar, 2013
New York City

Australian stocks inched higher after banks and resource stocks led the gainers. The benchmark ASX 200 index closed at a new high since June 2008. CSR said it plans to cut 150 jobs. Retailer Woolworths gained 1% to close at a new record high.

India Movers: Amtek Auto, GVK Power, Indiabulls, GMR

Mukesh Buch
11 Mar, 2013
New York City

Amtek Auto agreed to acquire German based NeumayerTek Group for $500 million. GVK Power signed partnership with Australia based Aurizon for two projects. Indiabulls merged with its housing finance company.

Mild Optimism on Wall Street After Payrolls Data and Bank Stress Test

Nichole Harper
08 Mar, 2013
New York City

Stocks in New York searched for direction after employers added more-than-expected 236,000 jobs and jobless rate declined to 7.7%. Housing sector strength also contributed to the jobs increase in financial services and other sectors. Wholesale inventories increased 1.2% in January.

U.S. Movers: Ann, Foot Locker, Genesco, Kroger, Cooper, Workday

Mukesh Buch
08 Mar, 2013
New York City

Ann fourth quarter net jumped 9% and Arcos Dorados net slipped 4%. Foot Locker fourth quarter net climbed 28% to $104 million and Genesco net dropped 7%. Kroger fourth quarter net swung to $461.5 million profit. The Cooper quarterly net jumped 37%.

Nikkei Soars 2.6%, GDP Estimate in Japan was Revised to 0.2% Increase

Hiruki Nakamura
08 Mar, 2013
New York City

Stocks in Tokyo extended gains and the Nikkei index soared to a new 5-year higher. Economic growth in the final quarter was revised to 0.2% increase from the previous estimate of 0.4% contraction. The yen eased.

Europe Movers: Admiral Group, Fugro, Lagardere, Serco

Nigel Thomas
08 Mar, 2013
New York City

Admiral Group profit for the year jumped 17% to

Chinese Exports Surge in February Lifts Australian Stocks

Marcus Jacob
08 Mar, 2013
New York City

Australian stocks were empowered and commodities linked stocks led the surge after China reported a surge in exports in February. For two months to the month, exports soared 23.6% and imports gained 5%.

India Movers: Colgate Approved Stock Split, Hindustan Motors Sales Surge

Mukesh Buch
08 Mar, 2013
New York City

Colgate-Palmolive board approved a 2-for-1 stock split. Hindustan Motors February sales surged 166.5%. Kalpataru Power secured orders worth more than $300 million. NYSE Euronext postponed 4.8% stake sale in MCX.

U.S. Movers: Ciena, PetSmart, Staples, Time Warner, Vail Resorts

Mukesh Buch
07 Mar, 2013
New York City

Ciena first quarter net loss narrowed. Nexstar fourth quarter net surged to $161 million and PetSmart net jumped 6.2% to $134 million. Staples net jumped 72%. Time Warner plans to spinning off its magazine unit Time Inc. Vail Resorts net climbed 30%.

Weekly Jobless Claims Fall, U.S. Trade Deficit Expands

Nichole Harper
07 Mar, 2013
New York City

U.S. stocks extended gains after the weekly jobless claims declined to the lows in January. January trade deficit widened on higher than expected import of crude oil.

ECB, BoE Leave Rates on Hold; SNB Spends $200 Billion to Defend Swiss Peg

Barry Randall
07 Mar, 2013
New York City

European markets traded higher across the region and ECB and Bank of England left key lending rate on hold. Swiss National Bank said it spent nearly $200 billion to defend the rate cap at 1.20 to one euro. French jobless rate surge to a 13-year high and German factory orders declined.

Europe Movers: Aviva, adidas, Aggreko, Balfour Beatty

Nigel Thomas
07 Mar, 2013
New York City

Aviva said loss for the year swung to

BoJ Rejected Asset Purchase Program Expansion, Nikkei in 6-Day Rally

Hiruki Nakamura
07 Mar, 2013
New York City

Bank of Japan left its bond buying program unchanged at the last meeting chaired by Governor Shirakawa. The yen eased and market indexes extended gains for the sixth day in a row.

Australian Trade Deficit Widens, 33rd Monthly Decline in Construction

Marcus Jacob
07 Mar, 2013
New York City

Australian indexes rested after a solid surge in last four weeks. Trade deficit widened in January on lower shipments of coal and iron ore largely related to weather conditions. Construction activities declined for the 33rd month in a row in February.

NYSE Sells 4.8% Stake in MCX; Tata, AirAsia in Airline Dea

Mukesh Buch
07 Mar, 2013
New York City

Bank of India raised $170 million from the central government. DLF board approved stock offering. Gitanjali plans to raise $250 million. NYSE Euronext sold 4.79% stake in MCX. Tata Sons and AirAsia won a government approval for its discount carrier investment proposal.

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