Apr 22, 2013 10:37 AM ET
The Nikkei index in Tokyo jumped 1.9% to reach a new 5-year high and the yen dropped near 100-mark after G20 ministers avoided criticizing the latest monetary easing by the Bank of Japan. Investors are targeting the Nikkei at 14,000 before the year-end.
Apr 22, 2013 10:09 AM ET
Australian indexes built on the early morning gains to close higher for the second day in a row but iron ore prices trended near the low of the year. Australian dollar was one penny shy from the low of the year. OZ Minerals plunged 10% on lowered copper deposit estimates.
Apr 19, 2013 12:45 PM ET
Tech heavy Nasdaq led the market indexes on Wall Street with a surge of 1.2%. Earnings dominated trading sentiment after Google and Microsoft reported better than expected earnings and IBM fell short of expectations.
Apr 19, 2013 11:34 AM ET
Markets in Tokyo advanced after Finance Minister Aso said G20 minister failed to criticize stimulus and the yen weakening. The yen is likely to weaken further and market indexes are expected to rise in the next two weeks as the earnings season gather momentum.
Apr 19, 2013 11:00 AM ET
GE first quarter net soared 14% but highlighted weak economic environment in Europe. Google net surged 16% and Honeywell net slid. Net income at IBM fell 1%. Microsoft third quarter net climbed 19% and Schlumberger first quarter net declined 3% to $1.3 billion.
Apr 19, 2013 10:50 AM ET
Financial markets across the European Union rebounded with a lift in resource stocks. Commodities stabilized at the end of a volatile week but weak global market outlook overshadowed market trading. Banks are ahead of schedule to repay a portion of loans from the European Central Bank next week.
Apr 19, 2013 10:17 AM ET
Australian stocks closed higher on the final day of the week. The ASX 200 index declined 1.6% during the volatile week when resource companies plunged more than 5%. QBE Insurance Group agreed to settle charges with New York regulators for $9.7 million.
Apr 19, 2013 10:32 PM ET
L''''Oreal said first quarter revenue jumped 5.1% to €5.93 billion. Elisa profit for the quarter declined 16.3% and SAP net for the quarter surged 17% to €520 million. Spectris sales for the quarter declined 8%. TeliaSonera net fell 0.4% to 4.50 billion kronor.
Apr 18, 2013 1:58 PM ET
U.S. stocks declined and struggled near the bottom of the session after weekly jobless claims rose and earnings from several companies failed to meet analyst estimates. UnitedHealth Group, American Express, Ebay and Morgan Stanley fell on quarterly results.
Apr 18, 2013 12:36 PM ET
Debenhams profit for the first-half slid to £95.2 million. Sky Deutschland affirmed positive earnings for the full year. Sodexo profit for the first-half declined 20.5% to €236 million. Syngenta first quarter group sales jumped 6% to $4.57 billion.