Market Update

CRH in

Nigel Thomas
02 Feb, 2015
New York City

CRH agreed to acquire assets from cement maker Holcim and Lafarge worth about

In Japan Fujitsu Lifts Outlook; Lixil and Chubu Lower Estimates

Hiruki Nakamura
02 Feb, 2015
New York City

Tokyo indexes declined after weaker than expected economic growth in the U.S. and China reported manufacturing index shrank in December. Chubu Electric Power lowered its net income outlook by 26%. Fujitsu soared after the conglomerate lifted its outlook by 5.6%.Lixil Group lowered its sales outlook.

Australian Indexes Extend 8-Day Rally; JB Hi-Fi, Kathmandu in Focus

Marcus Jacob
02 Feb, 2015
New York City

Australian stocks extended rally for the eighth day in a row and investors speculated on interest rate cut decision. Home prices continued to rise across Australia and Melbourne. JB Hi-Fi forecasted flat annul earnings. Kathmandu said first-half sales were lower than expected.

Maruti, Tata Motor and Ashok Leyland January Sales Rise in India

Mukesh Buch
02 Feb, 2015
New York City

Ashok Leyland said January total auto sales soared 36% but Bajaj Auto sales slipped 9%. Bharat Forge net more than doubled. Eicher Motors sales climbed 25% while M&M tractor sales fell 26%. Tata Motors sales rose 5%. Tech Mahindra net rose 12%.

U.S. Economic Growth Slows, Amazon Returns to Profit

Nichole Harper
30 Jan, 2015
New York City

U.S. economic growth in fourth quarter was 2.6% and for all of 2014 was 2.4%. Stocks on Wall Street traded lower after slower than expected growth in the quarter. Russian ruble plunged 4% after central bank abruptly lowered rate by 200 basis points.

Amazon, Biogen, Google, MasterCard Soar; C R Bard, Xerox Decline

Mukesh Buch
30 Jan, 2015
New York City

Amazon.com net declined 11% but revenues jumped 15%. Biogen profit surged 93%. Chevron net tumbled 30% on 18% decline in revenues. Eli Lilly net plummeted 41% and revenues declined 12%. Google revenues and net soared. MasterCard net surged 29%. Xerox profit tumbled 49%.

Industrial Production Jumps 1%; Honda, Nomura, NTT DoCoMo, Toshiba in Focus

Hiruki Nakamura
30 Jan, 2015
New York City

Stocks in Tokyo closed higher after industrial production jumped 1% and inflation was below target set by the Bank of Japan. Jobless rate in December was unchanged at 3.4% and housing starts dropped 9%, first monthly decline in five years.

Australian Indexes Extend 7-Day Rally; Freelancer Surges, Whitehaven Falls

Marcus Jacob
30 Jan, 2015
New York City

Resource stocks led the gainers in Sydney and market indexes extended advance for the seventh day in a row. Aussie dollar edged how on the growing speculation that the Reserve Bank of Australia may lower rate sooner than expected.

BT, Novo Nordisk Net Climb; Diageo, Vedanta Sales Plunge

Nigel Thomas
30 Jan, 2015
New York City

BT Group profit surged 12% to

Banks Drag Sensex Down 1.7%, Govt Sells 10% Stake in Coal India

Mukesh Buch
30 Jan, 2015
New York City

Market indexes in Mumbai drop 1.7% led by a sharp plunge in bank stocks. Government of India lowered its stake in the largest coal miner to 80%. Bank of Baroda lifted its bad loan reserves and net plunged 68%. HCL Tech net rose 2%. ICICI climbed 14%. IDFC net slipped 16%. NTPC net gained 7%.

Colgate, Harley Climb; ConocoPhillips, Qualcomm Drop

Mukesh Buch
29 Jan, 2015
New York City

Abbott net surged 54%. Colgate-Palmolive net climbed 11% while sales dropped. ConocoPhillips net swung to a loss. Dow Chemical net plunged 24%. Harley-Davidson net fell 1% on flat revenues. Qualcomm profit jumped 5%. Visa net declined 10%.

Deutsche Bank Net Swings to Profit; Diageo, Fiat, Shell Net Drop

Nigel Thomas
29 Jan, 2015
New York City

Diageo net plunged 18% to

6-Day Rally in Australian Stocks, Fortescue Shipment Surges 47%

Marcus Jacob
29 Jan, 2015
New York City

Australian dollar held firm but analysts raised the prospect of the currency to drop as low as 72 U.S. cents. Fortescue Metals reported 47% increase in shipment in the first-half and also cut in half its planned capital spending but said production cost is expected hover near $25 a ton.

Nikkei Trades Down 1.1%, December Retail Sales Fall 0.3%

Hiruki Nakamura
29 Jan, 2015
New York City

Nikkei in Tokyo fell more than 1% after seasonally adjusted monthly retail sales slipped 0.3% in December. In addition, stocks fell after U.S. Fed in its statement cited weak global economic growth. Skymark Airlines plunged 25% after filing bankruptcy protection. Nintendo tumbled 8%.

Sensex in 7-Day Rally; Asian Paints, HDFC Bank, Just Dial Net Surge

Mukesh Buch
29 Jan, 2015
New York City

Asian Paints said net rose 15%. Alstom net and revenue declined. HDFC Bank net advanced 11%. Just Dial net increased 8% on 21% increase in revenues. Pidilite net soared 28%.