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Sensex in Mumbai Soared 2.6%; Tata Motors Net Surges

Devan Biswas
14 Feb, 2011
New York City

Stocks in Mumbai surged after earnings from Tata Motors, Adani Enterprises and Gitanjali Gems Limited. The benchmark index soared 2.6%.Reliance Communication quarterly net dropped 56%. Tata Motors quarterly net soared nearly three-fold.

India Movers: Adani Enterprise, Aban, Hindalco, Rajesh Exports

Mukesh Buch
14 Feb, 2011
New York City

Adani Enterprises gained 3% after net profit increased 56%. Aban Offshore increased 3% and net profit declined 31%. Hindalco rose 4% after net profit rose 8%. Reliance Capital gained 3% after net profit surged 68%. Tata Motors increased 5.6% after net profit surged nearly three fold.

Japan GDP Declined 1.1%; Toyota, Kirin, Dai-ichi Rise

Nigel Thomas
14 Feb, 2011
New York City

Stocks in Tokyo reopened after three-day weekend and surged 1.1%. Exporters and electronics companies closed higher. Fourth quarter GDP declined 1.1% and for the year 2010 rose 3.9% to $5.47 trillion.

Australian Index Up 1.1%; IAG Drops, Macarthur Coal Rises

Marcus Jacob
14 Feb, 2011
New York City

Australian stocks closed higher on mixed earnings reports. Macarthur Coal estimated full year net of at least $138 million. IAG dropped after it reported higher than expected losses from Queensland floods and in the UK.

U.S. Movers: Chipotle, Expedia, Kraft Foods, Philip Morris, Teradata

Mukesh Buch
11 Feb, 2011
New York City

Chipotle Mexican Grill fourth quarter net income soared 47%. Gardner Denver net income in the fourth quarter surged 54%. Kraft Foods fourth quarter net income declined 24% to $540 million. TOTAL S.A. quarterly net income declined 10% to $2.76 billion.

European Market Soft; L'Oreal, Alcatel Lucent Net Rise

Nigel Thomas
11 Feb, 2011
New York City

Stocks in Europe declined after tensions in Egypt rose and largest crowd gather in Tahrir Square in Cairo. German inflation rose in January and Greece joined Italy and said it is opposed to numerical target to lower budget deficit. L

U.S. Indexes Lower; Nokia Drops 10%, Kraft Net Declines 24%

Bikram Pandey
11 Feb, 2011
New York City

U.S. stocks traded lower after tensions in Egypt rose after President Hosni Mubarak said he is ready to relinquish some power to vice president. Nokia dropped as much as 10% after it announced a strategic partnership with Microsoft for its smartphones operating system. Kraft quarterly net fell 24%.

Volatile Industrial Production Increased 1.6% in India; Cairn India Up

Devan Biswas
11 Feb, 2011
New York City

Stocks in Mumbai rebounded on the last trading day of the week. Industrial output rose 1.6% in January and the increase was the slowest monthly gain in twenty months. Aditya Birla Nuvo, Cairn India and Educomp Solutions reported higher earnings.

India Movers: Aditya Birla Nuvo, Aptech, Suzlon Energy

Mukesh Buch
11 Feb, 2011
New York City

Aditya Birla Nuvo gained 4% after net profit surged. Cairn India rose 4% after net profit soared 591%. Educomp closed higher 6% after net profit surged 58%. Essar Shipping and Port of Antwerp International sign a pact.

China Differentiates Bank Reserves Ratios; Weekly Drop of 4.5% in HK Index

123jump.com Staff
11 Feb, 2011
New York City

Hong Kong stocks lost 4.5% in the week. Property developers were in focus after Shanghai new home sales in December declined 25%, however 84 new projects are expected to start this year. China differentiated reserve requirements for small and large banks as lending surge above 1 trillion yen.

Reserve Bank of Australia Forecast Stable Rates

Marcus Jacob
11 Feb, 2011
New York City

Sydney benchmark index declined 0.7% and the RBA governor assured Australian lawmakers that rates are not expected to change for sometime. Governor Glenn Stevens also noted that food price increase is temporary and said higher commodities prices will fuel larger surge in domestic income.

Mixed Close on Wall Street; Europeans Worry Global Inflation

Bikram Pandey
10 Feb, 2011
New York City

U.S. stocks decline and the dollar gained. Indexes were under pressure and tech stocks declined after Cisco fell 14%. Broader index S&P 500 barely closed higher. European markets declined on weak commodities and markets in Asia declined.

UK Rates on Hold; Rio Tinto, Diageo Fall; Smith & Nephew Rises

Marcus Jacob
10 Feb, 2011
New York City

UK stocks closed lower and the Bank of England held rates and left bond buying program unchanged. Rolls Royce net was nearly wiped on costs related Qantas engine failure charges. Rio Tinto net soared and said it is focused on lowering its debt and will spend $12 billion in capital expenditure.

U.S. Movers: Bunge, Cisco, MetLife, PepsiCo, Thomson Reuters

Mukesh Buch
10 Feb, 2011
New York City

Bunge fourth quarter net income rose to $292 million. Cisco second quarter net income declined 17.9% to $1.5 billion. MetLife fourth quarter net income plunged 82% to $51 million. PepsiCo quarterly net income fell 5% to $1.36 billion. Thomson Reuters fourth quarter net income fell 11% to $307 mn.

European Markets Sell Off; Credit Suisse, Air France Fall 6%

Devan Biswas
10 Feb, 2011
New York City

European markets edged lower after world markets fell on the fears of rising inflation worldwide. European markets also declined after Cisco Systems earnings fell and Credit Suisse lowered its target rate of return to 15% form 18%. Air France reported quarterly loss.

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