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U.S. Home Price Increase Accelerates, Confidence Dips

Nichole Harper
29 Jan, 2013
New York City

Market index in New York traded sideways after consumer confidence index dropped to the lowest since November 2011. Metropolitan home price index rose at the fastest pace in November in nearly six years. Hess surged after a hedge fund pushed for a breakup. Horton jumped on quarterly results.

U.S. Movers: Danaher, Ford, Hess, Illinois Tool, Pfizer, T. Rowe, Yahoo

Mukesh Buch
29 Jan, 2013
New York City

Danaher fourth quarter net climbed 10% and Ford net plunged 88%. Hess exits refining and storage terminals management business on the East Coast. Illinois Tool quarterly net surged 121%. Pfizer net surged to $6.31 billion. T. Rowe net soared 23% and Yahoo net declined 8%.

Nikkei Advances on Bank Earnings Optimism, Mothers Index Soars

Marcus Jacob
29 Jan, 2013
New York City

The Nikkei index extended gains and broader markets focused Topix index gained to rise 26% since November 14. Banks and financial lenders rose on the hopes that latest quarterly results will surpass the expectations. Smaller cap focused index soared 48% in the year so far.

Australian Stocks in Bull Market Phase, Flood Claims Surge

Marcus Jacob
29 Jan, 2013
New York City

Australian markets added 1.1% and extended six months gain to bull market territory. Flood claims increased to 10,000 and total damages are expected to reach $100 million. Financial markets regulator stricter compliance at Macquarie Equities.

India Movers: Dabur, Sterlite Net Jump; Kalpataru, Torrent Net Drop

Mukesh Buch
29 Jan, 2013
New York City

Dabur third quarter net soared 22.2% and Idea Cellular profit climbed 12.16%. Kalpataru Power net dropped 12.8%. Neyveli Lignite net surged 19.8% and Reliance Capital net jumped 68%. Sterlite Ind. net soared 30%. Torrent Power net declined 55%.

European Markets Steady, Pound at 6-Month Low

Barry Randall
28 Jan, 2013
New York City

European markets steadied after a six-week rally that lifted indexes to multi-year highs. The UK pound declined to a six-month low against the dollar and fell to a 14-month low against the euro after weak GDP data.

Wall Street Hits Pause After 4-Week Run, Toyota Leads Global Auto Sales

Nichole Harper
28 Jan, 2013
New York City

Market indexes rested in New York after S&P 500 index crossed a give-year high at the end of last week. Durable goods orders increased more than expected in December. Caterpillar reported better than expected earnings. Toyota Motor surpassed GM with 9.75 million global auto sales.

U.S. Movers: Biogen, Caterpillar, Compuware, Roper, Twitter, Sony

Mukesh Buch
28 Jan, 2013
New York City

Biogen fourth quarter net slipped 3% and Caterpillar net plunged 55% to $697 million. Compuware rejected buyout offer from Elliott Management Corp. Roper net earnings soared 18%.

Nikkei Closes Down 0.9% After Reaching Above 11,000; Fanuc Plunges 7%

Nigel Thomas
28 Jan, 2013
New York City

Stocks in Japan traded higher and the index crossed 11,000 for the first time since April 2010 but closed lower. The yen declined as low as 91. Fanuc dropped after it lowered earnings outlook. Toyota reported rising global auto sales. Takeda closed up on winning a drug approval.

India Movers: Adani Power, Adani Ports, Bank of India, JSW Steel

Mukesh Buch
28 Jan, 2013
New York City

Adani Power third quarter net loss widened and Adani Ports net soared 12.5%. Bank of India third quarter net profit jumped 12%. JSW Steel third quarter declined 19% and Reliance Infrastructure profit surged 78%. Whirlpool India net tumbled 52%.

S&P 500 Above 1500, World Markets Advance

Bikram Pandey
25 Jan, 2013
New York City

Markets in New York extended gains for the eighth day and for the fourth week in a row and the S&P 500 index closed above 1,500 for the first time since December 2007. Positive earnings and rising expectations in Europe and Japan lifted world markets. Gold and copper eased.

UK Economy Inches Closer to Triple-Dip Recession, German Data Improve

Nigel Thomas
25 Jan, 2013
New York City

European Central Bank said 278 banks are scheduled to repay loans next week issued at the height of crisis two-years ago. UK economy declined at a faster pace in the December quarter. German business climate index improved in January on rising expectations.

Europe Movers: EasyJet, Monte Paschi, Nokia, SolarWorld

Barry Randall
25 Jan, 2013
New York City

Monte Paschi surged 11% on the hopes that the central bank in Italy will approve the aide as early as tomorrow. EasyJet extended gains after reporting higher sales. STMicroelectronics increased 4% on a broker recommendation. SolarWorld plunged 32% on debt restructuring announcement.

European Markets Advance on ECB Loans Repayment

Barry Randall
25 Jan, 2013
New York City

European markets advanced to a new 2-year high after more than expected banks are scheduled to repay loans to ECB next week. Banks led the gainers and the indexes higher in otherwise weak earnings season so far. German business climate index increase offered another signal of improving conditions.

Markets Extend Rally in New York, New Home Sales Fall 7.3%

Nichole Harper
25 Jan, 2013
New York City

Stocks in New extended gains after a string of better than expected earnings from Procter & Gamble, Honeywell, Starbucks and Kimberly-Clark. New home sales decreased 7.3% to annual rate of 569,000 in December but rose to the highest in 2012 in three years.

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