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UK Indexes Decline; HSBC Terminated Nedbank Offer

Arthi Gupta
15 Oct, 2010
New York City

The UK indexes fell after weaker-than-expected U.S. economic data. Old Mutual said HSBC terminated offer talks for Nedbank. Metro Baltic Horizons agreed to sell 30.7% interest in Metro Plaza.

Google, Seagate Soar; Gannett, GE Fall

Bikram Pandey
15 Oct, 2010
New York City

Seagate Technology surged on the talks that the company may go private. General Electric declined after quarterly revenues declined 5%. Google soared 10% after it reported higher than expected adjusted earnings. Gannett Co. declined after quarterly revenues trailed market estimates.

Bernanke Talks Stimulus; U.S. Retail Sales Rise

Arthi Gupta
15 Oct, 2010
New York City

U.S. stocks gained after CPI rose 0.1% and retail sales climbed 0.6% in September. U.S. Fed Chairman Bernanke warned prolonged high unemployment would pose a risk to economic recovery. Motorola and Nokia inked 4G licensing agreement.

Sensex Drops 1.8%; Infosys Declares Special Dividend

Chandrasekhar Atreya
15 Oct, 2010
New York City

Indian stocks pared most of the gains made the day before on profit booking. Infosys declared a special dividend but the stock fell on the worries of weakening dollar. Gold and silver reach records as festive season lifts the demand.

Weekly Surge of 9% in Shanghai; FDI Surges 6.1% in China

Chandrasekhar Atreya
15 Oct, 2010
New York City

Stocks in Shanghai soared more than 3% due to record FDI and soared more than 9% in the week. August trade surplus with U.S. reached a record $28 billion. Both property prices and transaction volumes rose in September and regulatory curbs fail to stem the price increase.

Volatile Trading in Tokyo, Strength in Yen and Commodities

Chandrasekhar Atreya
15 Oct, 2010
New York City

In Tokyo trading, stocks remained volatile and dropped after surging the most in the month on Thursday. The yen rose and investors were focused on earnings season beginning next week. Mizuho Financial booked a loss in its preferred shares for Merrill Lynch holding as it converts to Bank of America shares.

Australians Expect Home Prices to Rise; Index Declines

Chandrasekhar Atreya
15 Oct, 2010
New York City

Australian shares recovered early losses following a weak lead and close marginally lower but gained for the week 0.16%. Queensland government starts its own broadband network for Brisbane. Housing price index drops in October but more home owners expects prices to rise in a year.

World Markets Struggle, Record U.S. Home Seizures; Gold Rises

123jump.com Staff
14 Oct, 2010
New York City

U.S. stocks traded sideways after mixed U.S. economic data and trade deficit widened by 8.8%. Banks declined on the worries that a new round of investigation may emerge after the recent foreclosure halts in several states. Home seizures by banks increased 4% in September to more than 100,000.

Apollo Group Plunges 10%; First Solar Rises 5%

Bikram Pandey
14 Oct, 2010
New York City

U.S. stocks traded lower. Educational services providers plunged after Apollo Group withdrew its 2011 outlook. The news dragged lower Corinthian Colleges, Washington Post Co., Strayer Education and ITT Educational Services.

Irish CPI Rises; Man Group, Rolls-Royce Deals

Arthi Gupta
14 Oct, 2010
New York City

The UK indexes fell after a weak rally by banking stocks. The BoE policy committee member Sentance urged for withdrawal of monetary stimulus. Irish CPI rose in September. Man Group completed $1.6 billion GLG buyout deal. Rolls-Royce won $390 million order from Thai Airways.

German Growth Outlook Revised Higher; Syngenta Soars 3%

Arthi Gupta
14 Oct, 2010
New York City

The European indexes traded mixed and several institutes raised German growth outlook. The ECB noted euro area economic growth is estimated to slow in the second-half. Hungary industrial output grew in August. Dutch retail sales growth declined in August.

Sensex in India Drops 0.9%; LIC Housing Surges

Mukesh Buch
14 Oct, 2010
New York City

The benchmark index in Mumbai declined 0.9% and gave back nearly half the gains of yesterday. The rupee held firm and outsourcing companies rose ahead of earnings from Infosys Technology. LIC Housing Finance surged after it reported 36% increase in earnings.

U.S. Jobless Claims, PPI, Trade Deficit Rise

Arthi Gupta
14 Oct, 2010
New York City

U.S. stocks traded sideways after weekly jobless claims rose 13,000 to 462,000 and PPI edged higher and trade deficit widened more than anticipated in September. AOL and private equity firms contemplating bid for Yahoo. Tesla signed $60 million deal with Toyota to develop electric powertrain system.

Hong Kong Index Surges 1.7%; Economy Expands 7.2%

Chandrasekhar Atreya
14 Oct, 2010
New York City

Hong Kong index soared 1.7% tracking gains in international markets. Shanghai introduces new curbs for property loans. Business Confidence Index and Business Climate Index rose in September. Hong Kong economy in the first expanded at 7.2%.

Nikkei Index in Japan Surges 1.9%

Chandrasekhar Atreya
14 Oct, 2010
New York City

Stocks in Japan surged for the first time in four days tracking a rally in overseas markets and the yen continued to rise. Tobacco shipments soar in September ahead of effective tax increase on November 1.

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