ticker

Sensex in India Decline on Inflation Worries

Devan Biswas
28 Apr, 2011
New York City

Stocks in Mumbai closed down after weekly inflation accelerated and precious metals prices soared. The rupee advanced and resource linked stocks edged lower. LIC Housing quarterly net surged 47%. Bank of Baroda quarterly net soared 43%.

Nikkei in Japan Surges 1.6%; Kyocera, Komatsu Advance

Nigel Thomas
28 Apr, 2011
New York City

Japan stocks gained after positive earnings and recovering trading sentiment and volume. The yen traded in a tight range ahead of the Golden Week holiday period. Komatsu gained after it reported quarterly net soared nearly a third and Kyocera advanced on higher office equipment sales.

Australian Stocks Flat but Dollar Hits New High

Marcus Jacob
28 Apr, 2011
New York City

Australian stocks were flat as the dollar rose for the second day in a row to a new high of US$1.0921. Crude oil futures increased but metals closed mixed in Asian trading. Goodman Fielder dropped more than 9% after it cut profit outlook by 20%.

Small Caps and Tech Stocks Drive U.S. Records; Fresh Peak in Gold

Bikram Pandey
27 Apr, 2011
New York City

U.S. stocks extended gains for the sixth day after the Fed left rates unchanged and left the bond program intact. The Nasdaq closed at a high last seen a decade ago and the small companies focised Russell 200 index reached a new high. The dollar continued its slide and precious metals gained.

U.S. Movers: Amazon, Corning, Exelon, Moody

Mukesh Buch
27 Apr, 2011
New York City

Amazon first quarter net earnings slumped 33% to $201 million. ConocoPhillips first quarter net income rose to $3 billion. Moody

UK GDP Expands 0.5%; GlaxoSmithKline, BP Profit Rises

Arthi Gupta
27 Apr, 2011
New York City

The UK indexes advanced after service index rose 1.5% in February, GDP expanded 0.5% in the first quarter, and mortgage approvals climbed in March. BP, Fenner and GlaxoSmithKline reported strong earnings.

U.S. Durable Orders Surge 2.5%; J&J Acquires Synthes for $21.3 B

Arthi Gupta
27 Apr, 2011
New York City

U.S. indexes edged higher after durable goods orders surged in March. Mortgage applications fell on higher FHA premiums. IBM authorized $8 billion for stock buyback. SMART Modular agreed to be acquired by Silver Lake Partners and Silver Lake Sumeru for $645 million.

European Indexes Rise; Volkswagen, Volvo Net Up, Credit Suisse Net Down

Arthi Gupta
27 Apr, 2011
New York City

European indexes gained after strong corporate earnings. Automakers led the way with Volkswagen and Volvo reporting better-than-anticipated profit. Nokia planned to outsource Symbian activities to Accenture. J&J agreed to acquire Synthes in $21.3 billion deal.

Sensex Eases in India; Dabur, Ambuja, Reliance Industries Drop

Devan Biswas
27 Apr, 2011
New York City

Stocks in Mumbai lost momentum in the early afternoon and closed at the low of the day. Ambuja Cement declined 4% after net dropped 12%. Reliance Industries face a government fine as it misses the production target. Dabur dropped 2% after net rose less than expected 8.5%.

Euro Area Order Growth Slackens; German Sentiment Weakens

Arthi Gupta
27 Apr, 2011
New York City

Euro-zone order growth slowed in February. German consumer sentiment forecasted to weaken in May and French consumer sentiment remained static in April. Finnish manufacturing confidence fell and consumer sentiment improved in April. Polish retail sales increased and jobless rate fell in March.

Nikkei Jumps 1.4% on Canon, Fanuc and Daihatsu Earnings

Nigel Thomas
27 Apr, 2011
New York City

Tokyo stocks rebounded after Canon, Fanuc, Daihatsu and Kuraya reported higher earnings. Canon soared 7% after the company suggested parts supply issue is expected to be resolved in few months. Fanuc gained more than 3% after it guided higher profit in the current fiscal half.

Australian Stocks Fall, Dollar Rises; Inflation Surges to 1.2%

Marcus Jacob
27 Apr, 2011
New York City

Australian stocks declined on the first day of trading since Thursday last week. The dollar gained after the latest read on inflation showed a surge in the first quarter on severe weather conditions. Macarthur Coal

Industrials Earnings Drive U.S. Indexes at Multi-Year Highs

Bikram Pandey
26 Apr, 2011
New York City

U.S. stocks extended gains for the fifth day after industrial companies reported higher earnings. The latest increase in earnings was driven by the increase in overseas profits and the weak dollar. The S&P 500 index traded at high last seen in July 2008 and the Russell 2000 index at July 2007 peak.

U.S. Movers: 3M, Cummins, Express Scripts, Ford, Coca-Cola, United Parcel

Mukesh Buch
26 Apr, 2011
New York City

3M Company first quarter net income rose to $1.08 billion. Cummins first quarter net income soared to $343 million. Ford Motor first quarter net income grew 22% to $2.5 billion. Coca-Cola first quarter net income rose 18% to $1.90 billion. United Parcel first quarter net income surged 66% to $885mn.

UK Indexes Rise; Pearson Acquires Schoolnet for $230 Million

Arthi Gupta
26 Apr, 2011
New York City

The UK indexes traded higher after the Confederation of British Industry forecasted manufacturing recovery firmly on track. Irish manufacturing output price inflation accelerated in March. Pearson agreed to acquire Schoolnet for $230 million.

Market Update