Market Update

U.S. Movers: Caterpillar, Deckers, Lear, Microsoft, V.F. Corp, Zoll

Mukesh Buch
29 Apr, 2011
New York City

Caterpillar first quarter net profit soared 426% to $1.2 billion. Microsoft third quarter net income increased 31% to $5.2 billion. Research In Motion estimates first quarter earnings of $1.30 to $1.37 per share. Zimmer first quarter net income rose 2% to $208.9 million.

U.S. Movers: AIG, Domino

Mukesh Buch
06 May, 2011
New York City

American International Group reported first quarter net loss of $543 million. DIRECTV first quarter net income rose to $674 million. Kraft Foods first quarter net earnings in the quarter soared 58% to $799 million. Washington Post first quarter net income declined 67% to $15.1 million.

World, U.S. Stocks Rise on Deals and Economic Data

Bikram Pandey
10 May, 2011
New York City

U.S. stocks closed higher on deal news and positive economic news at home and abroad. European markets gained after Greece completed the sale of short term debt but the speculation intensified of another bailout. Asian markets closed mixed as earnings in Japan improved the sentiment.

Stocks in India Struggle, Rupee Advances

Devan Biswas
29 Apr, 2011
New York City

Stocks in Mumbai in a volatile trading edged lower after inflation worries sparked by higher crude oil prices. UCO Bank and Prism Cement declined after reporting lower than expected earnings. Mafatlal Industries soared after it sold 7 acre land plot in central Mumbai at a peak price.

U.S. Personal Income Rises 0.5%; Microsoft Profit Soars 31%

Arthi Gupta
29 Apr, 2011
New York City

U.S. indexes traded sideways after personal income rose 0.5% and pending home sales rose more than estimated in March. France-based Total SA acquired 60% stake in SunPower. Caterpillar, D.R. Horton, Merck quarterly earnings surge.

European Markets Flat; Daimler Net Soars 93%, Total Net Up 51%

Arthi Gupta
29 Apr, 2011
New York City

The European indexes traded mixed after weaker-than-anticipated economic data. Euro-zone inflation accelerated for a fifth consecutive month in April and German retail sales dropped unexpectedly in March. Daimler and Total reported strong quarterly earnings.

Euro Area Inflation Accelerates; Spanish Jobless Rate at 21.3%

Arthi Gupta
29 Apr, 2011
New York City

Euro-zone jobless rate at 9.9% in March and inflation accelerated for a fifth consecutive month in April. German retail sales declined and French producer prices increased in March. Spanish annual inflation climbed in April. Norwegian jobless rate fell in April.

Shanghai Stocks Rebound; Hui Xian IPO Drops 8%

Devan Biswas
29 Apr, 2011
New York City

Stocks in Shanghai rebounded after falling for four days in a row on the prospect of higher inflation. For the week, the benchmark index dropped 3.3% in Shanghai. The Hang Seng index declined. Hui Xian Real Estate Investment Trust declined 7.8% on the first day of trading.

Australian Stocks Slide on Strong Dollar Worries

Marcus Jacob
29 Apr, 2011
New York City

Stocks in Australia skid on the recent surge in the dollar. Resource stocks edged lower as gold closed at a new peak for the eighth day in a row and silver flirted with the three decade high. Macquarie reported fiscal 2011 earnings declined 9% but guided higher earnings in the current year.

U.S. Stocks In 6-day Rally; Gold Hits a New High as Dollar Drifts Lower

Bikram Pandey
28 Apr, 2011
New York City

U.S. stocks extended gains for the sixth day in a row but tech stocks and small cap companies rested after rallying to highs not seen in a decade. Earnings drove the trading sentiment but the decline lifted gold, silver and copper.

U.S. Movers: Apache, Colgate, eBay, PepsiCo, Starbucks, Procter & Gamble

Mukesh Buch
28 Apr, 2011
New York City

Apache first quarter net income rose to $1.11 billion. Colgate-Palmolive first quarter net profit surged 61% to $576 million. eBay first quarter net income rose 20% to $475.9 million. PepsiCo first quarter net income declined 20% to $1.14 billion. P&G first quarter net income rose 11% to $2.87 bn.

UK Indexes Trade Sideways on Confidence Index at 2-year Low

Arthi Gupta
28 Apr, 2011
New York City

The UK indexes traded sideways after consumer confidence declined to its lowest level since February 2009. Irish retail sales deteriorated in March. AstraZeneca net rose on UK and U.S. tax settlements.

U.S. Jobless Claims Rise, GDP Expands 1.8%

Arthi Gupta
28 Apr, 2011
New York City

U.S. indexes traded lower after weekly jobless claims unexpectedly rose to a 3-month high to 429,000 and GDP expanded at 1.8% rate, less than estimated in the first quarter. Exelon agreed to buy Constellation Energy for $7.9 billion. Colgate-Palmolive net surged 61%.

Earnings Lift European Indexes; Deutsche Bank Profit Rises 17%

Arthi Gupta
28 Apr, 2011
New York City

The European indexes edged higher after Deutsche Bank and Bayer reported better-than-estimated quarterly earnings. SAP plunged 5.7% after earnings missed expectations. German unemployment dropped to the lowest in the last nineteen years.

German Jobless Rate at Record Low; French Consumer Spending Drops

Arthi Gupta
28 Apr, 2011
New York City

German jobless rate fell to its lowest level in nineteen years and inflation accelerated in April. French consumer spending dropped unexpectedly but Finnish jobless rate rose in March. Number of mortgage issued in February declined in Spain.