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BoJ ETF Purchase Supports Nikkei Reversal, Pharma Stocks in Focus

Hiruki Nakamura
05 Mar, 2015
New York City

Stocks in Tokyo advanced after retreating for two days in a row and the Bank of Japan stepped up purchase of ETFs for the first time in three weeks. Pharmaceutical stocks were in focus for the second day on above average dividend yield.

Australian Trade Deficit Surges and Retail Sales Growth Accelerates

Marcus Jacob
05 Mar, 2015
New York City

Australian trade deficit in January surged on weak commodities prices and retail sales in the month accelerated to 0.4% increase. Fortescue announced a plan to refinance debt and extend bank loans. Woodside won a regulatory approval to acquire Western Australia energy assets.

India Stocks Extend Gains, Pipavav Plunges on Reliance Stake Purchase

Mukesh Buch
05 Mar, 2015
New York City

Adani Power and JSW Steel won coal mining rights in Jharkhand. Crompton Greaves received three orders from Energy Efficiency Services. KEC International won orders worth ₹1,243 crore. RInfra plans to buy 18% stake at ₹819 crore in Pipavav Defence.

U.S. Stocks Extend Losses, Weak Auto Sales Growth in February

Nichole Harper
04 Mar, 2015
New York City

Market indexes declined for the second day in a row and February auto sales increased less than expected. GM, Chrysler and Nissan reported rising sales but Ford sales declined.

American Eagle, Wayfair Rise; Abercrombie & Fitch, Bob Evans Fall

Mukesh Buch
04 Mar, 2015
New York City

Abercrombie & Fitch net plunged 33% on 14% decline in revenues. American Eagle net surged 487%. Bob Evans net fell 4% but sales climbed 5%. L.B. Foster net dropped 17%. Navistar net loss narrowed. Wayfair net loss widened.

Henkel, Legal & General Profit Climb; Fresnillo, Standard Chartered Net Drop

Nigel Thomas
04 Mar, 2015
New York City

Fresnillo net tumbled 55% to $108 million. Henkel net jumped 3% to

Subdued Economic Growth in Australia

Marcus Jacob
04 Mar, 2015
New York City

Australian economic growth was subdued in the final quarter of 2014 as terms of trade worsened. Aussie dollar gained and stock trading turnover was above $5 billion. QBE and Rio Tinto traded ex-dividend.

Nikkei in 2-Day Slump, Nippon Steel to Invest $11 B in Capacity Overhaul

123jump.com Staff
04 Mar, 2015
New York City

Market indexes in Japan declined for the second day in a row and the yen traded near its 4-week low. Hitachi was forced to lift its bid to acquire signalling business of Italian defense and aviation company, Finmeccanica. Nippon Steel to expand its steel in unit in western Japan.

Intraday Record for Sensex in India on Unexpected Rate Cut

Mukesh Buch
04 Mar, 2015
New York City

Reserve Bank of India lowered rate in a surprise move only three days after the release of central government budget. Sweden-based Volvo sold its 4.7% stake in Eicher Motors. Adani Group plans to buy port and related assets from Essar Port.

U.S. Indexes Struggle on Weak Tech and Healthcare Stocks

Nichole Harper
03 Mar, 2015
New York City

U.S. market indexes traded lower and barely managed to rebound from the mid-day lows as health care and technology stocks turned lower. Crude oil traded above $50 a barrel and gold at $1,200 an ounce. Controversial Prime Minister of Israel struggled to make his case to the U.S. lawmakers.

Fiat Chrysler, GM, Nissan Sales Jump; Ford Sales Drops

Mukesh Buch
03 Mar, 2015
New York City

AutoZone net jumped 10%. Best Buy profit surged 77%. Dicks Sporting net soared 12% on 11% increase in revenues. February auto sales at Ford fell 1.9% but Fiat Chrysler sales soared 6% and sales climbed 4.2%. Stage Stores profit surged 8.3%.

Barclays, Merck Net Drop; Glencore Net Swings to Profit

Nigel Thomas
03 Mar, 2015
New York City

Barclays net slid 35% to

Stocks in Tokyo Ease on Profit Taking, Weathernews Gains

Hiruki Nakamura
03 Mar, 2015
New York City

Stocks in Japan succumbed to sustained selling pressure but traders added exposure to electronics and automakers as the yen inched up to 120 mark against the yen. Takata stepped up air bag production to replace defective bags. Kobe plans to build an automotive body panel plant in the U.S.

RBA Holds Rate at 2.25%, Aussie Dollar Rises

Marcus Jacob
03 Mar, 2015
New York City

Reserve Bank of Australia held rate at 2.25% following a 25 basis point reduction at the last meeting and the Aussie dollar gained. Seasonally adjusted current account deficit declined 21% in the December quarter and value of building approvals in January jumped 29%.

Hero and M&M Vehicles Sales in India Drop, TVS Sales Rise

Mukesh Buch
03 Mar, 2015
New York City

Hero MotoCorp said total two-wheeler sales in February fell 4%. M&M tractor sales plunged 35% and auto sales dropped 10%. Sun Pharma plans to acquire GlaxoSmithKline''s opiates business in Australia. TVS Motor total sales jumped 15%.

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