Market Update

UK Indexes Decline; BHP Billiton, Rolls Royce, Gartmore Fall

Nigel Thomas
08 Nov, 2010
New York City

Stocks in London declined as commodities prices gained and the dollar edged higher against the euro but declined to the pound. Gartmore Group Ltd plunged after star managers leave the company and the management seeks a buyout candidate. Banks close lower.

European Indexes Down; Greece, Ireland, Portugal in Focus

Nigel Thomas
08 Nov, 2010
New York City

European markets closed mixed but traded lower after a strong rally last week. Stocks focused on earnings. Greek index rose after ruling party was ahead in local election in Greece and Prime minister reaffirmed the commitment to fiscal reforms. Ireland was in focus after recent budget cuts.

U.S. and European Stocks Struggle; G20 Rhetoric Sharpens

Devan Biswas
08 Nov, 2010
New York City

U.S. traded lower as the rhetoric ahead of G20 meeting heats up after China joined other emerging nations and Germany and resisted further U.S. economic stimulus. The dollar edged higher and gold traded near elevated levels. Amazon.com is in a deal to acquire parent of Diapers.com for $540 million.

China Region Stocks Rise; Fear of New Hot Money Supply

Devan Biswas
08 Nov, 2010
New York City

Stocks in China region gained as crude oil traded at a 2-year high and commodities advance. Property developers gained as a flood of new money is expected in the sector after the U.S. adds $600 billion in new money supply.

India Movers: Coal India, Jain Irrigation, PowerGrid, Reliance Power

Mukesh Buch
08 Nov, 2010
New York City

Stock in Mumbai fell. Coal India Limited declined 3.4% after surging 40% on the first day of offering last week. Jain Irrigation Systems soared 4.1% after net profit rose 46%. Reliance Power rose 4.5% after get credit of $5 billion from Exim bank. PowerGrid Corp sets the price for its offering.

Japan Stocks Rise to 3-Month High; JSW, Sumitomo Metals Up

Marcus Jacob
08 Nov, 2010
New York City

Stocks in Japan closed higher and touched 3-month high as the yen declined. The better than expected U.S. jobs report lifted sentiment. Japan Steel Works Ltd and Sumitomo Metals Mining Co revised annual net outlook higher.

Luxottica Q3 Earnings Call Transcript

123jump.com Staff
08 Nov, 2010
New York City

The eyewear company reported quarterly net sales rose 19.7% to

Commodities, Resource Stocks Rise; Crude Oil Up

Bikram Pandey
05 Nov, 2010
New York City

U.S. stocks closed mixed after private sector added jobs in the U.S. resource stocks and commodities closed higher after the dollar. France and China signed 16 billion euros agreements. Bank of Japan left its key rate unchanged and allocated stimulus.

France and China in

Devan Biswas
05 Nov, 2010
New York City

European markets closed higher. France and China signed 15 billion euros agreement to sell uranium, aircrafts and energy projects. German factory orders declined 4% in September. Resource stocks closed higher.

UK Food Prices Rise; HSBC, RBS in Focus, Mail.ru IPO surges 30%

Bikram Pandey
05 Nov, 2010
New York City

UK stocks closed fractionally higher. HSBC said bank profit exceed last year but sounded cautious on China and India. Canada based two pension funds agreed to acquire high speed rail link operation rights for thirty years. Food prices surged in October.

U.S. Payrolls Expands 151,000, Unemployment at 9.6%

Bikram Pandey
05 Nov, 2010
New York City

U.S. stocks traded nearly flat after the release of better than expected employment report. U.S. employers added jobs for the first time since May. Private employers in construction and retail led the net new jobs additions. Unemployment stayed at 9.6%. Commodities increased and the dollar gained.

China Indexes Advance; Disney Theme Park in Shanghai

Marcus Jacob
05 Nov, 2010
New York City

Stocks in China region indexes gained tracking the increase in world markets. Resource stocks and commodities prices increased on the prospects of further decline in the U.S. dollar. Contractors and builders surged in Shanghai after Disney and China agreed to build a theme park.

BoJ Expands Asset Program; Nikkei Soars, Resona Plunges 16%

Marcus Jacob
05 Nov, 2010
New York City

Stocks in Japan soared after the Bank of Japan left its key rate on hold and expanded its asset purchase program to real estate and stocks. The move widely anticipated followed the monetary stimulus program in the U.S. Automakers advanced after Nissan lifted its annual net outlook.

U.S. and World Markets Rally, Dollar Drops, Gold Rises

Bikram Pandey
04 Nov, 2010
New York City

U.S. and world markets rallied after the Fed stimulus and the U.S. elections. Central banks in Europe, UK and other smaller countries left rates on hold. Gold and silver surged as the dollar declined against all major currencies.

U.S. Movers: Whole Foods, Costco, Solera, Telsa, Time Warner Cable

Marcus Jacob
04 Nov, 2010
New York City

Stocks in New York surged after the larger than expected Fed stimulus. Apollo Group declined nearly 8% after it confirmed an investigation. Big Lots dropped nearly flat same store sales. Telsa Motors surged after Panasonic acquired a stake. Whole Foods soared on higher than expected annual outlook.