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India Movers: Asian Paints, Hindustan Unilever, Kotak Mahindra, Pantaloon

Mukesh Buch
22 Jan, 2013
New York City

Asian Paints third quarter profit climbed 30.5% and Cairn India profit jumped 48%. Hindustan Unilever third quarter net profit soared 15.6% to Rs 871.36 crore and Kotak Mahindra climbed 25% to Rs 577.21 crore. RCom and RIL are in talks for mobile network expansion.

Euro Zone Ministers Discuss Emergency Lending, Markets Advance

Barry Randall
21 Jan, 2013
New York City

European markets gained and the earnings growth expectations are low in the region ahead of the scheduled release. Producer prices rose 2.2% in third quarter in Switzerland but declined 0.3% in December in Germany. Spain is set to release jobs data this week.

Europe Movers: Novozymes, Pearson, Richemont, Sky Deutschland

Barry Randall
21 Jan, 2013
New York City

Banks in Madrid were in focus after the Bank of Spain reported weak loan conditions and 17% monthly payments in loans were in arrears. Novozymes reported rising sales and earnings. Richemont said sales in Asia Pacific ground to a halt. Sky Deutschland plans to sell 20.4 million shares.

Nikkei Falls 1.5% Ahead of BoJ Inflation Target Announcement

Nigel Thomas
21 Jan, 2013
New York City

Nikkei and Topix in Tokyo closed lower ahead of the Bank of Japan announcement tomorrow. Widespread expectation of inflation target revision to 2% has been priced in the latest market rally of 26% in two months that stretched automakers by as much as 40%.

Australian Retirement Accounts at New highs, Indexes Flat

Marcus Jacob
21 Jan, 2013
New York City

Australian indexes were nearly flat ahead of earnings from BHP Billiton and the release of inflation target from the Bank of Japan. Retirement account balances have jumped to a new high as Australian market recovers from a five-year slump.

India Movers: HDFC, NTPC, Reliance Ind and SpiceJet Net Soar

Mukesh Buch
21 Jan, 2013
New York City

Bhushan Steel third quarter net profit declined 20% and Finolex net swung to profit. HDFC net profit in the quarter jumped 27.5% and NTPC third quarter net profit climbed 22%. Reliance Industries net profit third quarter profit jumped 23.9%, ahead of expectations.

Economy in China Rebounds, Lawmakers Struggle to Lift U.S. Debt Ceiling

Bikram Pandey
18 Jan, 2013
New York City

Markets in New York and Europe traded sideways and in Asia jumped. The latest batch of mixed earnings report failed to lift sentiment and lawmakers struggled to patch differences on debt ceiling negotiation. China rebounded after a two-year slowdown.

Europe Movers: BNP Paribas, Mediaset, Metro, Renault, Rio, Telenet

Barry Randall
18 Jan, 2013
New York City

Renault SA increased 2% after the French automaker reported sales outlook. Mediaset SpA, Italian broadcaster soared 6% and extended two-day gain to 17% on a broker recommendation. Spectris Plc soared 7% after comparable sales rose 4% in the December quarter. Telenet declined 3%.

European Markets Higher Ahead of Earnings Season, UK Retail Sales Fall

Barry Randall
18 Jan, 2013
New York City

European markets generally closed higher as the earnings season kicks in next week. Earnings at the largest 500 companies in Europe are expected to decline 1% to flat and expectations are low. UK retail sales declined in December.

U.S. Movers: Capital One, GE, Intel, Morgan Stanley, State Street, SunTrust

Mukesh Buch
18 Jan, 2013
New York City

Capital One plunged after it reported a sharp jump in loan loss provisions and revenues and earnings trailed expectations. Morgan Stanley stock gained after the company swung to a quarterly profit. General Electric reported stronger than expected sales in emerging markets.

Stocks on Wall Street Flat on Earnings from GE, Intel, Morgan Stanley

Nichole Harper
18 Jan, 2013
New York City

Stocks traded sideways after General Electric reported better than expected earnings and Intel highlighted rising capital spending and weakening margins. Morgan Stanley reported revenues rose 23% but earnings at various units were mixed.

S&P 500 at 5-Year High, Nasdaq Nears 10-Year Peak

Bikram Pandey
17 Jan, 2013
New York City

Market averages in New York reached to a five-year high on the economic optimism and better than expected earnings. Banks reported sharp fall in earnings and new batch of regulatory charges. BlackRock and EBay rose on earnings. Home builders advanced to a 5-year high.

Carrefour Sales Rise on Latin America and Asia; Delhaize Q4 Revenues Rise

Barry Randall
17 Jan, 2013
New York City

AB Foods reported first quarter sales increased 10% and France based Carrefour said Latin America and Asia sales lifted total sales. Delhaize Group reported better than expected results and closed more Food Lion stores in the U.S. Remy Cointreau surged 8% but organic sales growth slowed.

European Markets Rebound on ECB Hopes, Construction Report

Nigel Thomas
17 Jan, 2013
New York City

European markets recovered from the morning slide. Construction output in the euro zone declined at a slower pace in November. Leading economic conditions index in Spain showed an improvement for the third month. IMF released the next tranche for Portugal.

U.S. Movers: Bank of America, CBS, Citi, eBay, Rio, UnitedHealth

Mukesh Buch
17 Jan, 2013
New York City

BofA reported a sharp fall in earnings after legal charges linked to mortgage loans settlements. Citigroup reported higher earnings but a surprise legal charge of $1 billion. CBS surged after it said it is taking steps to divest its outdoor advertising unit. Ebay net surges on PayPal performance.

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