ticker

India Movers: Essar Oil, Jain Irrigation, FAG Bearings, Thomas Cook

Mukesh Buch
18 Feb, 2011
New York City

Bank of Maharashtra soared 5% after Government of India decided to inject $70 million. FAG Bearings gained 3% after net profit increased 105%. Thomas Cook tumbled 8% after net declined 40%.

China Stocks 6-day Rally Halts; Agriculture Stocks Fall, Property Prices Rise

Marcus Jacob
18 Feb, 2011
New York City

Stocks in China fell after real estate prices increased in January from December. The persistent increase in prices stock speculation that another round of bank reserve ratios may start as early as next week. Agriculture stocks fell on the worries that drought may extend till the February.

Nikkei Extends Gains; Inpex, Inpex Rises, Heiwa Real Estate Falls

Nigel Thomas
18 Feb, 2011
New York City

Stocks in Japan took a breather after rising for a week. In the year the benchmark index is up 6% as foreign investors seek bargains. Shipping and energy companies gained for the second week in a row as unrest in the Middle East spread to oil producing nations.

Australian Stocks Flat; Billabong Soars 13%, Fortescue Net Surges Seven-fold

Marcus Jacob
18 Feb, 2011
New York City

Stocks in Australia edged lower today but gained 1% in the week on mixed corporate earnings. Fortescue Metals first-half net jumped seven-fold and Sims Metals Management net rose 23.6%. ANZ Banking Group underlying profit increased 27%. Surfwear retailer Billabong soared 13%.

U.S. Stocks Higher on Earnings; Record Foreclosures, Bernanke Lessons

Bikram Pandey
17 Feb, 2011
New York City

U.S. stocks traded higher as earnings optimism drove sentiment. Cliffs Natural Resources, Lexmark, Express Scripts, Nvidia and CBS Corp reported higher earnings. U.S. mortgage loans in foreclosure increased to 4.63% and nearly one in seven loans are either in default or late in payment.

U.S. Movers: ABB, Barrick Gold, Nvidia, NetApp, O'Reilly

Mukesh Buch
17 Feb, 2011
New York City

ABB fourth quarter net income surged 30% to $700 million. Cablevision fourth quarter net income soared to $113.8 million. Comcast net income in the quarter decreased to $955 million. Morningstar fourth quarter net income rose to $27.4 million.

UK Indexes Decline; BAE Systems Swings to Profit

Arthi Gupta
17 Feb, 2011
New York City

UK indexes slid after weak economic data from the U.S. The UK government and the BoE formed committee to tighten banking regulation. The BoE policy maker Sentance warned of inflationary pressures. The UK manufacturers estimated output to grow. Rolls-Royce secured contracts valued at $246 million.

Euro Area Deficit Widens; Nestle Net Triples, BNP Paribas Falls, Swiss Re Up

Arthi Gupta
17 Feb, 2011
New York City

The European indexes traded sideways after euro-zone current account deficit widened and construction output fell in December. German employment exceeded 41 million. Nestl

U.S. January Inflation Increase 0.4%; Jobless Claims Rise 25,000

Arthi Gupta
17 Feb, 2011
New York City

U.S. indexes decline after weekly jobless claims rose 25,000 and January inflation increased 0.4%. Aveo formed joint venture with Astellas worth $1.3 billion. Williams Companies to split into two. Chesapeake completed $570 million project cooperation deal with CNOOC.

U.S., World Stocks Decline; Oil Touches $100, Libya Splits

Bikram Pandey
23 Feb, 2011
New York City

U.S. stocks traded lower as Libya took center stage and oil rallied to $100 a barrel before settling at $98.10. The nascent U.S. economic recovery could take a hit if crude oil remains above $90 a barrel for the next 45 days. Technology stocks declined after Hewlett Packard dropped 9.5%.

Sensex in India in 5-day Rally; Industrials, Automakers and Banks Lead

Devan Biswas
17 Feb, 2011
New York City

Stocks in Mumbai closed higher tacking gains in Asian markets and rising earnings outlook. More than 2,000 companies have released third quarter earnings with average increase of 19%. Reliance Industries plans to invest $30 billion in the next five years in business units from energy to retail.

Stocks in Shanghai, Hong Kong Rise; Steelmakers Lift Prices

Devan Biswas
17 Feb, 2011
New York City

Stocks in Shanghai closed higher on earnings expectations and hopes of global economic recovery. Property developers declined after Beijing municipal government. Steelmakers gained after companies passed on higher steel prices.

India Movers: Everonn Education, Mahindra Satyam, Steel Authority

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

Atlanta rose 1% after it won contract to build highway in Assam. Everonn Education soared 17%. Mahindra Satyam agreed to pay $125 million to settle US shareholder litigation. Steel Authority of India is looking to set up a steel plant in Mongolia worth $3.5 billion.

Nikkei in Japan Near 10-month High; Honda, inpex, Canon Lead Gainers

Nigel Thomas
17 Feb, 2011
New York City

Stocks in Japan inched higher as foreign investors continue to increase their net exposure. More than 1,000 companies in the first section of Tokyo Stock Exchange are expected to increase earnings by 40% in the current fiscal year. Improved global sentiment lifted Nikkei index.

Earnings at Qantas, Wesfarmers, Lend Lease, Santos Rise

Marcus Jacob
17 Feb, 2011
New York City

Stocks in Australia traded higher and the Australian dollar inched up. Qantas first-half net soared four-fold on 10% increase in revenues in the first-half. Wesfarmers net rose nearly 25%. Lend Lease first-half net increased 10% on sales decline of 22%. Santos net increased 15%.

Market Update