MARKETS

Wall Street opens lower but makes up most of the losses by end of day owing to rally in HP stock.

Markit's flash Eurozone Composite Output index showed a reading below 50 in May, indicating a contraction in business activity.

Yields on Japan's long-term government bonds rose to more than 1% for the first time in 2013.

Several Federal Reserve officials were in favour of slowing down bond-buying as early as their June meeting.

Markets hit by China's manufacturing data and reports of Fed favouring slowing down bond purchase.

Preliminary HSBC China Manufacturing PMI showed a reading of 49.6 in May, indicating a contraction in activity.

Investors waiting on US Federal Reserve chief Bernanke's testimony to Congress.

The bank to continue monetary easing until it reaches the 2% inflation target.

April trade deficit rose 69.7% to 879.94bn yen, as imports increased 9.4% to 6.66tn yen for April.

US Fed chief Ben Bernanke testifies before Congress later in the day.

Revenue from the Asia Pacific region accounts for a little over a third of the group's business.

Ben Bernanke is expected to make a statement on the future of Fed's bond-buying programme on 22 May.

Markets awaiting Ben Bernanke's hints on Fed's bond-buying programme.

The Bangalore-based firm is already contesting previous tax demands for financial years 2005 to 2008.

European markets follow the Asian peers and rise in early trades.

The Japanese government upgrades its outlook for the economy, fuelling a rally in Tokyo.

The US dollar hit a new high versus the yen at the end of the week, its highest since October 2008.

The company's order backlog has risen to an all time high of $12.1bn as of 30, April.

Analysts expect gold prices to fall to $1,100 an ounce in a year and below $1,000 in five years.

Maersk Line reports a profit of $204m in the first quarter as against a loss of $599m, a year ago.

Investors cautious as US Federal Reserve hints at exit from the bond-buying programme.

The dollar gains strength as the Fed indicates an exit from bond-buying programme.

Consumer inflation in the region drops to three-year low.

Zurich's capitalisation ratio under Swiss rules has risen to 185% as of January, 2013, compared to 178% six months ago.

Aviva takes a £54m hit on restructuring costs in the first quarter.

Total gold demand declines13% in the quarter due to a massive liquidation of exchange traded funds.

Investors will be tracking a raft of data coming in from the US.

The economy expands an annualised 3.5% in the first quarter, above analysts' expectations for a 2.7% rise.

Japanese banking stocks pull the Nikkei down despite stronger GDP data.