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India Movers: Ashok Leyland, Bajaj, Bharti, Goodyear, Hero, Tata Motors

Mukesh Buch
04 Mar, 2013
New York City

Ashok Leyland, Bajaj Auto and Tata Motors February vehicles sales declined. Bharti Airtel billion dollar bond fully subscribed. Goodyear fourth quarter net declined 21%. Hero MotoCorp February sales slipped 4.2%.

U.S. Personal Income Falls 3.6%, Manufacturing Growth Picks Up

Nichole Harper
01 Mar, 2013
New York City

U.S. stocks traded sideways after personal income in January declined 3.6% and spending rose 0.2%. The payroll tax rate cut expiry and higher tax for wealthy had limited impact on the spending. U.S. manufacturing expanded at a faster rate in February.

Nikkei Rebounds, Third Monthly CPI Decline in Japan

Hiruki Nakamura
01 Mar, 2013
New York City

Nikkei index in Tokyo rebounded from the loss of 0.8% to close up 0.4%. Bank of Japan may announce more monetary steps at its first meeting in April after consumer prices declined for the third month in a row.

U.S. Movers: Best Buy, Domino

Mukesh Buch
01 Mar, 2013
New York City

Best Buy fourth quarter net loss narrowed and Domino

Australian Stocks Fall, Dollar at Yearly Low

Marcus Jacob
01 Mar, 2013
New York City

Australian stocks and dollar declined as investors worried about the global market conditions after the U.S. automatic spending cuts kick in on Friday midnight.

India Movers: Clariant, Federal-Mogul, MphasiS, M&M, Maruti, Suzlon

Mukesh Buch
01 Mar, 2013
New York City

Apax sold in two days 7.5% stake in Apollo Hospital. Clariant fourth quarter net declined 23% and MphasiS net rose 1.2%. M&M auto sales jumped 11% and Maruti Suzuki sales fell 7.9% in February. Shri Lakshmi Cotsyn net swung to loss and Value net loss widened.

Europe Movers: Lloyds Loss Narrows, William Hill Profit Surges

Nigel Thomas
01 Mar, 2013
New York City

Belgacom fiscal net declined 6% and Lloyds net loss for the year narrowed. Thales net for the year jumped 5% and William Hill profit surged 58% and agreed to pay

U.S. Economic Growth Revised to 0.1%, Consumer Spending at 2.1% Rate

Nichole Harper
28 Feb, 2013
New York City

Stocks in early trading searched for direction after economic growth was revised to 0.1% increase. Consumer spending increased as 2.1% annual rate and residential construction growth was revised to 17.5%. Weekly jobless claims declined. Lawmakers struggle to avoid $85 billion cuts in spending.

Nikkei Surges 2.7%, Industrial Production Rises 1%

Hiruki Nakamura
28 Feb, 2013
New York City

Stocks in Japan closed higher after global market worries eased. The yen held above 92 ahead of central bank chief appointment tomorrow. Industrial production increased 1% in January from December.

U.S. Movers: Groupon, J. C. Penney, Kohl

Mukesh Buch
28 Feb, 2013
New York City

Ansys fourth quarter net soared 18% and Chico

Australian Indexes at New 4-Year Highs, New Home Sales Up 4.2%

Marcus Jacob
28 Feb, 2013
New York City

Australian stocks closed at a new 4-year high and gained more than 4% in the month. Private sector capital spending declined 1.2% in the December quarter and was estimated at $152 billion in the fiscal year. New home sales increased 4.2% in January.

Europe Movers: Bayer, Bankia, Deutsche Telekom, Royal Bank of Scotland

Nigel Thomas
28 Feb, 2013
New York City

Bayer said fiscal year net was flat. Bankia recorded net loss of

India Movers: HDFC Bank, Indiabulls, JSW Steel, Strides Arcolab, Suzlon

Mukesh Buch
28 Feb, 2013
New York City

U.S. based private equity fund sold $90 million stake in Apollo Hospital. HDFC raised $500 million in foreign currency bonds. Jet Airways sold three Heathrow airport gates for $70 million. Suzlon tumbled 34%.

Italian Debt Auction Fuels European Market Rebound

Nigel Thomas
27 Feb, 2013
New York City

European markers sharply rebounded after Italy managed to place debt at a slightly higher yield. Market indexes in Paris rebounded 1.9% and in Milan jumped nearly 2%. Italian bond yields closed at 4.83%, a four-month high.

Market Indexes in New York Advance on Rise in Core Industrial Orders

Nichole Harper
27 Feb, 2013
New York City

U.S. stocks extended gains for the second day in a row after core durable goods orders indicated improving economy. Market indexes also advanced after Italian treasury sold debt meeting its maximum sale target.

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