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India Stocks Surge; Reliance Industries Net Up 28%

Devan Biswas
01 Nov, 2010
New York City

Stocks in Mumbai traded sharply higher after the market leader Reliance Industries reported 28% increase in earnings. Resource stocks gained after China reported faster economic growth. The Reserve Bank of India is expected to announce a rate hike tomorrow.

Nikkei Index Drops on Earnings Worries

Devan Biswas
01 Nov, 2010
New York City

Stocks in Tokyo trading closed lower on the earnings worries and the prospect of the yen strengthening more. Currency traders are increasingly looking for the yen to strengthen another 7% before it stabilizes as the U.S. Fed is expected to stimulate the economy this week.

China Manufacturing Expansion Lifts Asia Indexes

Devan Biswas
01 Nov, 2010
New York City

Stocks in Hong Kong and mainland China surged after the latest manufacturing report indicated sustained expansion. However, input prices gained at the fastest pace in October among all other sub indexes tracked. Resource stocks and banks led the gained. China Construction Bank Corp said net increased 31%.

Nasdaq Rises 5.5% in October; Dollar Declines 3.6%

Devan Biswas
29 Oct, 2010
New York City

U.S. indexes closed mixed after first read on the GDP showed slower than expected expansion. Consumer sentiment declined but the index of business activities showed an increase. Gold and silver rallied. Microsoft closed higher after earnings shot up 51%.

British Airways Swings to Profit; M4 Money Supply Grows

Arthi Gupta
29 Oct, 2010
New York City

The UK indexes slid after mortgage approvals fell to seven-month lows in September and consumer sentiment improved in October. Irish retail sales declined and private sector credit growth slackened in September. British Airways net rose.

U.S. Movers: Estee Lauder, Chevron, Deckers Outdoor, First Solar

Bikram Pandey
29 Oct, 2010
New York City

Deckers Outdoor surged after the footwear maker lifted full year outlook. Estee Lauder soared 12% after earnings exceeded expectations. Coinstar Inc soared after it raised earnings outlook. First Solar declined 7%.

Euro-zone Inflation Near 2-Year High; Total SA Net Soars

Arthi Gupta
29 Oct, 2010
New York City

The European indexes fell after euro area annual inflation accelerated in October and jobless rate reached the highest level since 1998. German retail sales fell in September. Hungary and Dutch PPI rose in September. Polish Central Bank raised growth outlook for 2010.

India Movers: ONGC, ABB, ICICI, Tata Chemicals

Mukesh Buch
29 Oct, 2010
New York City

Stock in Mumbai rose. Bharat Heavy Electricals fell 0.6% and net profit rose 33.15%. ICICI Bank soared 6.5% after net profit rose 21.87%. ONGC fell 0.3% and net profit rose 5.88%. Tata Chemicals plunged 8.5% after net profit tumbled 42.96%.

U.S. GDP Expands 2%; Microsoft Net Soars

Arthi Gupta
29 Oct, 2010
New York City

U.S. stocks traded lower after third quarter GDP expanded at 2%. GM planned to cut debt and pension obligations by $11 billion ahead of IPO. Le Gaga priced IPO of 10.87 million ADS at $9.50 each. MetLife agreed to a sell stake in Japan venture for $275 million. Microsoft earnings surged 51%.

Sensex Rebounds; India Tax Collection Rises 17%

Chandrasekhar Atreya
29 Oct, 2010
New York City

Stocks in Mumbai closed higher after direct tax collection rose 17% in the first half. Reliance ADAG places $8.29 billion order to Shanghai Electric for supply of power equipments. Reserve Bank of India conducts special auction and announce measures to lower liquidity crunch. Bank of Baroda earnings rise 61%.

China Banks Report Robust Earnings Growth

Chandrasekhar Atreya
29 Oct, 2010
New York City

Stocks in China region closed lower. Two of the five largest banks were the latest to report surging profits. ICBC and Bank of Communications earnings surged more than 24%. Profit growth accelerated at listed companies in the third quarter.

Bank of Japan Trims GDP Outlook; Nikkei Drops1.8%

Chandrasekhar Atreya
29 Oct, 2010
New York City

A drop in industrial production index combined with a strong yen dragged Tokyo index lower by 1.8%. Bank of Japan trimmed economic outlook for 2010 and 2011. Nissan recalls 2.14 million vehicles worldwide. New housing starts rise 18% in September.

Queensland Coal Terminal Sale; Lawmakers Resist ASX Merger

Chandrasekhar Atreya
29 Oct, 2010
New York City

Shares in Sydney declined today but gained for the week and month. Queensland puts Abbot Point coal terminal for sale. Sale of new homes dropped in September and demand for credit remained weak. ASX Limited failed to convince lawmakers on the merger benefits with the Singapore Stock Exchange.

Energy Stocks Rise; Halliburton Drops; Gold, Silver Rally

Devan Biswas
28 Oct, 2010
New York City

U.S. stocks edged higher as the dollar declined. Earnings lifted trading sentiment in the U.S. and Europe. First Wind Holdings Inc canceled its public offering. Royal Dutch Shell and Exxon Mobil reported higher earnings. Futures of gold and silver rallied.

U.S. Movers: 3M, Allstate, Las Vegas Sands, Visa

Bikram Pandey
28 Oct, 2010
New York City

PMI Group dropped 9% on larger than expected loss. Symantec Corp gained on higher sales forecast. Teradyne dropped 8% after earnings missed expectations. Visa Inc Sales surged. Las Vegas Sands Corp reported better than expected adjusted earnings.

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