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U.S. Companies Add 187,000 Jobs; Oil, Copper in Focus

Bikram Pandey
02 Feb, 2011
New York City

U.S. stocks struggled in early trading after private sector added 187,000 jobs in January. Services added 166,000 jobs. U.S. auto sales in January increased 17%. AOL, IAC/InterActiveCorp and The Nasdaq OMX Group earnings rose.

India Stocks Rebound; Jet Air Net Up, Hero Honda Net Down

Devan Biswas
02 Feb, 2011
New York City

Stocks in Mumbai bounced off from the lows on higher auto sales and rising corporate profits but investors worries that elevated commodities prices and inflation may hobble future earnings. Jet Air net rose 12% and Bajaj Auto unit sales rose 18%.

India Movers: Bajaj Auto, Hero Honda, Unitech

Mukesh Buch
02 Feb, 2011
New York City

Bajaj Auto declined after January sales rose 18% to 313,583 units. Hero Honda plunged 5% after third quarter net profit declined 20%. NMDC third quarter net profit soared 81.4%.

Casio, Nomura, NTT Data Earnings Lift Tokyo Stocks

Marcus Jacob
02 Feb, 2011
New York City

Stocks in Tokyo gained more than 1.5% for the second day in a row as companies report better than expected earnings. Resource linked stocks gained after copper and nickel trade higher. Nomura, Casio, NTT Data report higher earnings. Toyota, Nissan and Honda U.S. auto sales increase more than 13%.

Australian Indexes Rise 0.9%; Cyclone Yasi Worries

Devan Biswas
02 Feb, 2011
New York City

Australian stocks closed higher as metals and crude oil prices rise in international markets. Insurers face another round of losses as Cyclone Yasi approach eastern shores. Copper, tin and nickel surged as mines in Queensland shutdown.

Nasdaq, S&P 500 Indexes Gain 1.7%; GM Sales Up 22%

Bikram Pandey
01 Feb, 2011
New York City

U.S. indexes surged more than 1.5% after manufacturing expanded at the fastest pace in six years on domestic demand. World markets surged. General Motors sales in January soared 22%, Ford sales gained 9.2% and Chrysler sales surged 23%. Record close in copper.

U.S. Movers: ADM, Baidu, Cummins, Energizer, ExxonMobil, UPS

Mukesh Buch
01 Feb, 2011
New York City

Cummins fourth quarter net sales soared 22% to $4.14 billion. Exxon Mobil fourth quarter total revenue surged to $105.19 billion. Pfizer fourth quarter revenues increased 6% to $17.5 billion. United Parcel fourth quarter revenues increased 8.4% to $13.42 billion.

UK Stocks Rebound, Home Loans Fall; Ocado Soars

Marcus Jacob
01 Feb, 2011
New York City

UK stocks surged as manufacturing expanded at a faster pace and consumer confidence fell. The resource heavy benchmark index closed higher and oil reached 2-year high. UK Mortgage approvals declined in December and home prices edged lower in January. Ocado Group Plc reported first quarterly profit.

European Markets Rebound; Deutsche Bank Net Down 54%

Nigel Thomas
01 Feb, 2011
New York City

European indexes rebounded sharply after the release of manufacturing index in the region. Germany also reported lowest unemployment in eighteen years and commodities prices traded higher. Deutsche Bank AG said fourth quarter net declined 54% on two acquisitions costs.

U.S. Indexes Higher; UPS Net Surges 48%, BP Reinstates Dividend

Bikram Pandey
01 Feb, 2011
New York City

U.S. stocks gained in early trading tracking gains in Europe and commodities. Manufacturing indexes in China, India and euro zone gained in January. Manufacturing is expected to advance in U.S. BP Plc reinstated dividend and reported annual loss in two decades. UPS net surged 48%.

Sensex in India Drops 1.8% to Plunge 12% in 2011

Marcus Jacob
01 Feb, 2011
New York City

Stocks in Mumbai continued to correct as inflation worries and rising crude oil prices lead foreign investors to sell. The latest private survey of manufacturing indicated that manufacturing expanded for the twenty second month in a row but at a slower pace in January. December exports rose 36.4%.

Australia Announces $5.6 Billion Flood Relief Package

Chandrasekhar Atreya
27 Jan, 2011
New York City

Stocks in Sydney traded flat with mining stocks firming during the day. P.M. Julia Gillard announces flood relief package of A$5.6 billion including a progressive tax levy. Crane Group enters into a two-day trading halt pending finalization of a revised takeover offer from New Zealand-based Fletche

Nikkei Gains; Japan Trade Surplus Surges 153% in 2010

Chandrasekhar Atreya
27 Jan, 2011
New York City

Japanese stocks closed higher ahead of earning outlook and U.S. economy. Trade surplus surges 153.4% to 6.77 trillion yen in 2010. Canon Inc full year net surges 87% to 246.6 billion yen. Toyota recalls 245,000 Lexus cars in the U.S.

Shanghai Index Gains 1.5%; Property Curbs Tightened Further

Chandrasekhar Atreya
27 Jan, 2011
New York City

Shanghai stocks gained by nearly 1.5% while the key stock index in Hong Kong dropped on Wall Street concerns. China increased the upfront payment for second home buyers from 50% to 60% to cool prices. NRDC fines retail giants Carrefour and Wal-Mart for overpricing at check-out point.

Sensex Drops 1.5% on Inflation; India and Indonesia Target $25 Billion Trade

Chandrasekhar Atreya
27 Jan, 2011
New York City

Stocks in Mumbai tumbled 1.5% after the release of the latest weekly wholesale data. India and Indonesia set a bilateral trade target of $25 billion by 2015. SpiceJet said third quarter net declined 13% to $21 million from a year ago.

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