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Nervous Trading in Tokyo, Itochu Drops 11%

Hiruki Nakamura
20 Apr, 2015
New York City

Stocks in Tokyo eased. China offered a large and unexpected stimulus as Chinese regulators crack down on speculative lending supporting a surge of more than 80% in benchmark indexes. Itochu annual sales surged 22% and net income soared 49%.

Australian Indexes Extend Losses to Second Week

Marcus Jacob
20 Apr, 2015
New York City

Australian indexes extended weekly losses after China trimmed reserve ratio requirements for banks by 100 basis points, the largest cut since 2008. OZ Minerals said copper production rose 20% and gold production declined 9% in March quarter. Arrium tumbled 12%.

Sensex in India Plunges 1.9%, Rupee Drops

Mukesh Buch
20 Apr, 2015
New York City

Stocks in Mumbai traded lower and market indexes dropped 1.9% on earnings jitters and strengthening dollar. JSW said steel production in March jumped 11%. LIC Housing Finance net rose 2%. Titagarh Wagons net surged.

U.S. and European Markets Extend Global Sell-off

Nichole Harper
17 Apr, 2015
New York City

Market indexes on Wall Street slumped more than 1%, European markets extended weekly losses and China curbed shadow financing to speculate in stock market. U.S. consumer confidence improved and the cost of living rose in March for a third month in a row.

GE Net Swings to Loss; American Express, AMD, Honeywell Fall

Mukesh Buch
17 Apr, 2015
New York City

American Express net jumped 6%. AMD tumbled 14% after net loss widened. GE net swung to a loss on 12% decline in revenues. Honeywell profit climbed 10% but revenues dropped 5%. Schlumberger net tumbled 36%. Seagate profit declined 26%.

Nestle Struggles with Sales, Syngenta Revenues Plunge

Nigel Thomas
17 Apr, 2015
New York City

Accor first-quarter sales climbed 8% to

Indexes in Japan Fall Ahead of Corporate Earnings

Hiruki Nakamura
17 Apr, 2015
New York City

Stocks in Tokyo struggled as investors awaited corporate earnings next week. Yen firmed up. Nikkei 225 declined to the lowest not seen since April 7 and the broader Topix gained for the third week in a row. Tri-Stage, the advertising company said annual revenues declined 11%.

Australian Indexes Trim Weekly Gains, Santos Revenues Drop 24%

Marcus Jacob
17 Apr, 2015
New York City

Australian market indexes reversed some of the weekly gains on weak commodities prices. Aussie dollar remained firm near 78 U.S. cents. Santos Limited first-quarter revenues declined 24% on 7% fall in production.

Tata Consultancy Net Up 8%, and Reliance Industries Net Rises 11%

Mukesh Buch
17 Apr, 2015
New York City

Tata Consultancy, the largest India-based software services provider said quarterly net rose 8%. Reliance Industries reported quarterly income increased 11% but weak crude oil price dragged revenues down 35%. CRISIL said net in the quarter declined 18%. LIC increased its stake in Hindalco.

U.S. Stocks Struggle to Advance, Banks Report Rising Profits

Nichole Harper
16 Apr, 2015
New York City

Stocks struggled on Wall Street and banks reported higher than expected earnings. Goldman Sachs earnings soared offering another sign of the rebounding profits on Wall Street. German bond yields dropped closer to zero.

Citigroup, Goldman Sachs, UnitedHealth Profit Climb, Netflix Surges 16%

Mukesh Buch
16 Apr, 2015
New York City

Blackstone net more than doubled. Citigroup profit climbed 23% but revenues dropped 3%. Goldman Sachs net soared 41% on 14% increase in revenues. Netflix net tumbled 55% but revenues jumped 24%. UnitedHealth revenues and net surged 13%.

European Markets Trend Lower, Unilever Revenues Soars 12%

Nigel Thomas
16 Apr, 2015
New York City

Debenhams pre-tax profit jumped 4% to

German Bond Yields Near Zero, Greek 10-Year Bond Yield at Record 27%

Nigel Thomas
16 Apr, 2015
New York City

German government bond yield dropped near zero a day after the European Central Bank reaffirmed its commitment to bond-purchase program and print vast amount of new money. Greek bond yields jumped to new high as debt negotiations drag on.

Energy Stocks Rebound in Japan, Restructuring Hopes at Sharp

Hiruki Nakamura
16 Apr, 2015
New York City

Japanese stocks traded lower and the food industry index fell after leading all other industries in the year with a surge of 18%. Energy stocks led the gainers in the session after crude oil price jumped to a new 2015-high. Sharp Corp soared on the hopes of restructuring.

Australian Jobless Rate Falls, Fortescue Q3 Production Rises 19%

Mukesh Buch
16 Apr, 2015
New York City

Australian market indexes rebounded after a decline in jobless rate and a slight rise in motor vehicle sales. The recent one-week-long rise in crude oil prices lifted energy stocks. Fortescue Metals, the third largest iron ore miner in Australia, reported 9% decline in cash cost to $25.90 a ton.

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