Tiffany & Co gave a stronger-than-expected sales outlook for its fiscal year despite the impact of the disasters that hit Japan, its second largest market, and the luxury jeweler's shares rose more than 6 percent.
The companies whose shares are moving in pre-market trade on Monday are: Tiffany & Co, Hartford Financial, Coach, Joy Global, EMC Corp, General Electric, Nvidia, Sprint Nextel, American Tower and CF Industries Holdings.
Wall Street stock indexes were poised to rise more than 1 percent at the open on Monday as investors welcomed AT&T's proposal to buy T-Mobile from Deutsche Telekom.
Tiffany & Co gave a stronger-than-expected sales outlook for the year, despite the impact of the disasters that hit Japan, one of its biggest markets.
Stock index futures indicated a Wall Street rise of about 1 percent at the open on Monday after last week's sell-off as investors welcomed a deal by AT&T to buy the T-Mobile business from Deutsche Telekom.
Billionaire investor Warren Buffett believes Japan's devastating earthquake is the kind of extraordinary event that creates a buying opportunity for shares in Japanese companies.
Though the human tragedy caused by the Japan disaster is incalculable, its economic impact may be less harsh than previously thought. An analyst said on Monday there will be some near-term impact but it will not be sufficient to dent the region’s strong growth prospects this year.
TOKYO - Sony Corp <6758.T> said it would partially restart a lithium ion battery factory in Tochigi prefecture on Tuesday, leaving six plants, which make a range of devices from integrated circuit cards to Blu-ray discs, still closed.
While 285,000 students left the country for education in 2010 alone, there was also a 25 per cent year-on-year increase in the numbers returning home.
Even as Japan reported significant progress in preventing a melt-down in its Fukushima nuclear plant, the National Police Agency said on Monday more than 18,000 people have been confirmed dead in the twin-catastrophe that hit the country on March 11.
US stocks ended higher on Friday as sentiment was buoyed after Libya announced a cease-fire and the Group of Seven (G-7) Finance ministers agreed to intervene in the markets to stabilize the Japanese yen.
Stock index futures pointed to a strongly higher open on Wall Street on Monday, with futures for the S&P 500 up 1.2 percent, Dow Jones futures up 1 percent and Nasdaq 100 futures up 1.3 percent at 0907 GMT (5:07 a.m. ET).
Japan's economy could shrink after a devastating earthquake and tsunami earlier this month, but the government has the fiscal and credit means to deal with a disaster which could cost twice as much as the 1995 Kobe earthquake, ratings agency Moody's said on Monday.
Oil prices jumped more than 2 percent to top $116 a barrel on Monday as Western forces launched air strikes on Libya, while Asian shares advanced on bargain hunting in the wake of heavy losses last week.
Japan's devastating earthquake and tsunami will depress growth briefly before reconstruction kicks off and gives the beleaguered economy a boost, the World Bank said in a report on Monday.
Asian shares advanced on Monday as market players scooped up beaten-down stocks after heavy losses last week, while oil prices jumped more than $2 as Western forces struck targets in Libya.
Billionaire investor Warren Buffett said on Monday that Japanese stocks were good investments after the deadly earthquake that hit the world's third-biggest economy last week.
Billionaire investor Warren Buffett said on Monday that he was looking at more acquisition targets after a $9 billion buy of U.S. specialty chemical maker Lubrizol by his Berkshire Hathaway last week.
Japanese have been focused on the rescue operations after the 9.0-magnitude quake and ensuing 10-meter high tsunami that struck Japan. Official tolls of dead and missing are rising steadily -- to 8,450 and 12,931 respectively on Monday.
U.S. stocks climbed higher Friday, as fears of increased violence in Libya ebbed and currency interventions helped to relieve investor worries over Japan's economy.
Investors already bruised by the Japan disaster now confront military air strikes on Libya and the prospect of rising oil prices, making it likely they will postpone any bold investment decisions.
The global economic impact from Japan's earthquake and nuclear crisis may go beyond the modest GDP hit most number crunchers predict.
