- Nigel Thomas
- 22 Jan, 2013
- New York City
Stocks in Tokyo traded volatile and shot up 1% after the Bank of Japan confirmed the inflation target revision to 2% and deferred unlimited bond purchase from January 2014. The yen traded higher.
- Marcus Jacob
- 22 Jan, 2013
- New York City
Australian market index ASX 200 surged after the Bank of Japan announcement but failed to close in positive territory. Investor confidence to invest stayed near a 15-year low on high dollar and weak business conditions. NAB declined after Santander denied reports of its interest in buying UK assets.
- Mukesh Buch
- 22 Jan, 2013
- New York City
Delta Air Lines fourth quarter net tumbled and du Pont fourth quarter net declined 70%. Johnson & Johnson profit surged to $2.57 billion. Travelers fourth quarter net profit declined 51%. Verizon fourth quarter net loss widened.
- Mukesh Buch
- 22 Jan, 2013
- New York City
Asian Paints third quarter profit climbed 30.5% and Cairn India profit jumped 48%. Hindustan Unilever third quarter net profit soared 15.6% to Rs 871.36 crore and Kotak Mahindra climbed 25% to Rs 577.21 crore. RCom and RIL are in talks for mobile network expansion.
- Barry Randall
- 21 Jan, 2013
- New York City
European markets gained and the earnings growth expectations are low in the region ahead of the scheduled release. Producer prices rose 2.2% in third quarter in Switzerland but declined 0.3% in December in Germany. Spain is set to release jobs data this week.
- Barry Randall
- 21 Jan, 2013
- New York City
Banks in Madrid were in focus after the Bank of Spain reported weak loan conditions and 17% monthly payments in loans were in arrears. Novozymes reported rising sales and earnings. Richemont said sales in Asia Pacific ground to a halt. Sky Deutschland plans to sell 20.4 million shares.
- Nigel Thomas
- 21 Jan, 2013
- New York City
Nikkei and Topix in Tokyo closed lower ahead of the Bank of Japan announcement tomorrow. Widespread expectation of inflation target revision to 2% has been priced in the latest market rally of 26% in two months that stretched automakers by as much as 40%.
- Marcus Jacob
- 21 Jan, 2013
- New York City
Australian indexes were nearly flat ahead of earnings from BHP Billiton and the release of inflation target from the Bank of Japan. Retirement account balances have jumped to a new high as Australian market recovers from a five-year slump.
- Mukesh Buch
- 21 Jan, 2013
- New York City
Bhushan Steel third quarter net profit declined 20% and Finolex net swung to profit. HDFC net profit in the quarter jumped 27.5% and NTPC third quarter net profit climbed 22%. Reliance Industries net profit third quarter profit jumped 23.9%, ahead of expectations.
- Bikram Pandey
- 18 Jan, 2013
- New York City
Markets in New York and Europe traded sideways and in Asia jumped. The latest batch of mixed earnings report failed to lift sentiment and lawmakers struggled to patch differences on debt ceiling negotiation. China rebounded after a two-year slowdown.
- Barry Randall
- 18 Jan, 2013
- New York City
Renault SA increased 2% after the French automaker reported sales outlook. Mediaset SpA, Italian broadcaster soared 6% and extended two-day gain to 17% on a broker recommendation. Spectris Plc soared 7% after comparable sales rose 4% in the December quarter. Telenet declined 3%.
- Barry Randall
- 18 Jan, 2013
- New York City
European markets generally closed higher as the earnings season kicks in next week. Earnings at the largest 500 companies in Europe are expected to decline 1% to flat and expectations are low. UK retail sales declined in December.
- Mukesh Buch
- 18 Jan, 2013
- New York City
Capital One plunged after it reported a sharp jump in loan loss provisions and revenues and earnings trailed expectations. Morgan Stanley stock gained after the company swung to a quarterly profit. General Electric reported stronger than expected sales in emerging markets.
- Nichole Harper
- 18 Jan, 2013
- New York City
Stocks traded sideways after General Electric reported better than expected earnings and Intel highlighted rising capital spending and weakening margins. Morgan Stanley reported revenues rose 23% but earnings at various units were mixed.
- Bikram Pandey
- 17 Jan, 2013
- New York City
Market averages in New York reached to a five-year high on the economic optimism and better than expected earnings. Banks reported sharp fall in earnings and new batch of regulatory charges. BlackRock and EBay rose on earnings. Home builders advanced to a 5-year high.