- Marcus Jacob
- 03 Feb, 2011
- New York City
Australian stocks closed higher as Cyclone Yasi makes its way inlands in North Queensland. Homes, power lines and trees are flattened as the powerful storm covers a vast area. Tabcorp earnings rose 2.9% and declared dividend of 24 cents.
- Bikram Pandey
- 02 Feb, 2011
- New York City
U.S. stocks were lackluster after a strong finish yesterday as events in Middle East overshadowed earnings parade. European indexes traded sideways as crude oil and copper and silver traded near their highs. Electronic Arts rose on forecast and Time Warner gained on 22% rise in earnings.
- Mukesh Buch
- 02 Feb, 2011
- New York City
AOL revenues decreased 26% to $596.0 million. Broadcom revenues increased 45% to $1.95 billion. Time Warner fourth quarter total revenues increased 8% to $7.8 billion. Whirlpool reported fourth quarter total sales increased 4% to $5.0 billion.
- Marcus Jacob
- 02 Feb, 2011
- New York City
UK stocks led the European markets as resource heavy index gained more than 0.5%. UK construction activity rebounded in January after a weather-related slowdown in December. Imperial Tobacco quarterly sales rose 5% and ICAP Plc guidance met market estimate.
- Bikram Pandey
- 02 Feb, 2011
- New York City
European markets closed mixed with a lower bias after several Scandinavian companies reported earnings misses. Atlas Copco, Scania and Sandvik fell on lower than expected results. BMW said U.S. sales rose 21% and Mercedes-Benz U.S. sales rose 11%.
- Bikram Pandey
- 02 Feb, 2011
- New York City
U.S. stocks struggled in early trading after private sector added 187,000 jobs in January. Services added 166,000 jobs. U.S. auto sales in January increased 17%. AOL, IAC/InterActiveCorp and The Nasdaq OMX Group earnings rose.
- Devan Biswas
- 02 Feb, 2011
- New York City
Stocks in Mumbai bounced off from the lows on higher auto sales and rising corporate profits but investors worries that elevated commodities prices and inflation may hobble future earnings. Jet Air net rose 12% and Bajaj Auto unit sales rose 18%.
- Mukesh Buch
- 02 Feb, 2011
- New York City
Bajaj Auto declined after January sales rose 18% to 313,583 units. Hero Honda plunged 5% after third quarter net profit declined 20%. NMDC third quarter net profit soared 81.4%.
- Marcus Jacob
- 02 Feb, 2011
- New York City
Stocks in Tokyo gained more than 1.5% for the second day in a row as companies report better than expected earnings. Resource linked stocks gained after copper and nickel trade higher. Nomura, Casio, NTT Data report higher earnings. Toyota, Nissan and Honda U.S. auto sales increase more than 13%.
- Devan Biswas
- 02 Feb, 2011
- New York City
Australian stocks closed higher as metals and crude oil prices rise in international markets. Insurers face another round of losses as Cyclone Yasi approach eastern shores. Copper, tin and nickel surged as mines in Queensland shutdown.
- Bikram Pandey
- 01 Feb, 2011
- New York City
U.S. indexes surged more than 1.5% after manufacturing expanded at the fastest pace in six years on domestic demand. World markets surged. General Motors sales in January soared 22%, Ford sales gained 9.2% and Chrysler sales surged 23%. Record close in copper.
- Mukesh Buch
- 01 Feb, 2011
- New York City
Cummins fourth quarter net sales soared 22% to $4.14 billion. Exxon Mobil fourth quarter total revenue surged to $105.19 billion. Pfizer fourth quarter revenues increased 6% to $17.5 billion. United Parcel fourth quarter revenues increased 8.4% to $13.42 billion.
- Marcus Jacob
- 01 Feb, 2011
- New York City
UK stocks surged as manufacturing expanded at a faster pace and consumer confidence fell. The resource heavy benchmark index closed higher and oil reached 2-year high. UK Mortgage approvals declined in December and home prices edged lower in January. Ocado Group Plc reported first quarterly profit.
- Nigel Thomas
- 01 Feb, 2011
- New York City
European indexes rebounded sharply after the release of manufacturing index in the region. Germany also reported lowest unemployment in eighteen years and commodities prices traded higher. Deutsche Bank AG said fourth quarter net declined 54% on two acquisitions costs.
- Bikram Pandey
- 01 Feb, 2011
- New York City
U.S. stocks gained in early trading tracking gains in Europe and commodities. Manufacturing indexes in China, India and euro zone gained in January. Manufacturing is expected to advance in U.S. BP Plc reinstated dividend and reported annual loss in two decades. UPS net surged 48%.