Jan 21, 2013 11:29 AM ET
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.
Jan 21, 2013 10:31 AM ET
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%.
Jan 21, 2013 10:06 AM ET
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.
Jan 21, 2013 9:37 AM ET
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.
Jan 18, 2013 2:46 PM ET
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.
Jan 18, 2013 12:32 PM ET
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%.
Jan 18, 2013 12:26 PM ET
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.
Jan 18, 2013 11:00 AM ET
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.
Jan 18, 2013 10:01 AM ET
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.
Jan 17, 2013 2:49 PM ET
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.