Market Update

Sensex and Rupee in India Fall on Expected BJP Loss in Delhi

Mukesh Buch
09 Feb, 2015
New York City

Apollo Tyres said net slipped 45%. GAIL net plunged 64%. L&T net slipped 14% but revenues rose 5%. Sun TV net jumped 15%. Tata Steel slumped 69%.

Payrolls Data Support Indexes on Wall Street and in Europe

Nichole Harper
06 Feb, 2015
New York City

Market indexes on Wall Street pulled back from record high and jobless rate to 5.6% after more people began to look for work and employers added net new jobs of 257,000 extending the job one-year long jobs market expansion.

LinkedIn, Twitter Jump; GoPro, Viad Plunge

Mukesh Buch
06 Feb, 2015
New York City

Aon net climbed 29%. Activision net soared 108%. GoPro plunged on outlook. Harris net rose 2% and agreed to acquire Exelis for $4.75 billion. LinkedIn net tumbled 21%. Twitter soared after net loss narrowed. Viad plunged after net loss widened.

European Stocks in 5-Day Advance, Statoil Swings to Loss

Nigel Thomas
06 Feb, 2015
New York City

European markets advanced for the fifth day in a row after Germany and France failed to convince Russia to withdraw supporting rebels in Ukraine. Alcatel Lucent net doubled. Poundland agreed to acquire rival 99p Stores. Statoil net swung to a loss. Tate & Lyle plunged 12%.

Topix in Third Weekly Advance; Nikon and Suzuki Fall on Outlook

Hiruki Nakamura
06 Feb, 2015
New York City

Earnings were in focus in Tokyo trading and Topix index extended the advance for the third week in a row. Nikon and Suzuki fell after estimating weaker-than-expected outlook. Olympus Corp sales gained more than 7%. Takata, the troubled air bags maker loss was smaller than estimated.

Record 12-Day Long Rally in Australian Stocks

Marcus Jacob
06 Feb, 2015
New York City

Reserve Bank of Australia offered positive outlook for economic growth but also said jobless rate is likely to peak at 6.5%. Stocks extended gains for the 12th session in a row and dividend yield stocks were in favor.

Largest Weekly Loss in India Stocks in Two Months, Godrej Net Soars

Mukesh Buch
06 Feb, 2015
New York City

Godrej said net surged 35% on 13% increase in revenues. Hindustan Copper net plunged 85%. IDBI Bank net slid 1% but revenues jumped 11%. Tata Chemicals net swung to profit. Tata Motors net fell 25%.

S&P Up 1% on Mergers, Volatile Oil, Greece and Earnings

Nichole Harper
05 Feb, 2015
New York City

Mergers, earnings, oil volatility and Greece drove market sentiment in New York and Europe. Pfizer agreed to acquire Hospira for $17 billion. U.S. trade deficit widened to a two-year high. Oil soared nearly 9%. Greece pushed for the rollback of austerity measures as the ECB takes steps.

BT to Acquire EE for

Mukesh Buch
05 Feb, 2015
New York City

ABB net surged 30% but revenues declined 9%. Becton, Dickinson net plunged 13%. BT agreed to acquire EE for

ECB Cuts Off Direct Lending to Greece, AstraZeneca Swings to Loss

Nigel Thomas
05 Feb, 2015
New York City

AstraZeneca net swung to a loss to $321 million and agreed to acquire respiratory business rights from the U.S.-based Actavis for $600 million. Smith & Nephew net fell 1% to $160 million. Vodafone revenues in the third-quarter climbed 14% to

Hitachi Plunges 10% on Earnings Miss, Japan Tobacco Net Drops 15%

Hiruki Nakamura
05 Feb, 2015
New York City

Corporate earnings in Japan were in focus and Hitachi missed operating earnings estimate but Sony reported best quarterly operating results in seven years. Toyota estimated fiscal year net to increased 17% and sales to gain 5%.

Australian Retail Sales Rise 0.2%, New Home Sales Fall 1.9%

Marcus Jacob
05 Feb, 2015
New York City

Australian market indexes extended 11-day rally in active trading and Aussie dollar rebounded slightly. Retail sales in December rose 0.2% but in the quarter jumped 1.5% and new home sales in the month declined 1.9%.

Sensex in India Extend 5-Day Decline, Banks Struggle for Second Week

Mukesh Buch
05 Feb, 2015
New York City

Aurobindo Pharma said net slipped 8%. Arvind net increased 7% and Bombay Dyeing net loss narrowed. JK Lakshmi cement net surged 31% while Ramco cement net slipped 10%. Jubilant FoodWorks net rose 4%.

U.S.Stocks Lacks Direction, January Auto Sales at 8-Year High

Nichole Harper
04 Feb, 2015
New York City

Stocks in New York traded sideways and oil fell from its one-month high and commodities retreated after rising for four days in a row. Staples agreed to acquire Office Depot for $6.3 billion. European markets closed nearly unchanged. China lowered bank reserve ratio and increase liquidity.

Staples Agrees to Acquire Office Depot, Disney Net Jumps

Mukesh Buch
04 Feb, 2015
New York City

Cognizant profit jumped 12%. GM net climbed 22%. Humana net swung to profit after revenues surged 21%. Merck net surged but revenues plunged 7%. Ralph Lauren net plunged 9%. Staples agreed to acquire Office Depot. Whirlpool net tumbled 55%. Walt Disney net Climbed.