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Market Update

U.S. Mortgage Applications Down

Arthi Gupta
29 Sep, 2010
New York City

U.S. stocks fell after mortgage refinance applications declined. China manufacturing index rose to a five-month high. Northrop Grumman won $2.6 billion Homeland Security contract and Boeing received contract from the U.S. Navy valued at $5.3 billion.

Rupee Advances; India Stocks Fall

Chandrasekhar Atreya
29 Sep, 2010
New York City

Stocks in Mumbai traded lower after the rupee surged to new high for the year and a regional court ordered the closure of copper plant run by Sterlite Industries. The debt heavy ADAG business group looks to raise funds through public offering and stake sale. ADB lifts India growth target to 8.5%.

China to Ease Gold Imports; HK Stocks Rally

Chandrasekhar Atreya
29 Sep, 2010
New York City

Stocks in Shanghai traded marginally lower and in Hong Kong gained more than 1%. ADB reaffirmed that Chinese economy will expand 9.6% in the current fiscal year. World

Japan Sentiment Up; China Holds Minerals Exports

Chandrasekhar Atreya
29 Sep, 2010
New York City

Japan indexes staged a minor rally after a quarterly survey of business sentiment among large corporation showed improved sentiment. However the plans for capital expansion are less than expected and the sentiment is expected to turn negative in the next quarter.

ASX Chief to Resign; Australian Dollar Parity

Chandrasekhar Atreya
29 Sep, 2010
New York City

Australian dollar advanced and inched closer to parity with the U.S. dollar, the largest monthly gain since May 2009. Sales of new homes fell for the fourth month in a row. ASX CEO plans to step down next year.

U.S. Stocks Scale Higher; Gold Above $1,300

123jump.com Staff
28 Sep, 2010
New York City

U.S. stocks edged higher in a choppy trading but the dollar declined. Metals and commodities traded up and gold and silver reached new highs. U.S. consumer confidence declined more than expected. Barnes & Noble shareholders reappointed Chairman Leonard Riggio. Emerging markets retain momentum.

Cognex, Walgreen, Endo Rise; Monsanto Falls

Bikram Pandey
28 Sep, 2010
New York City

Cognex soared after it lifted its annual revenues outlook. Walgreen Company surged more than 9% after quarterly earnings increased nearly 8%. Endo Pharmaceuticals surged more than 9% after it agreed to acquire Qualitest Pharmaceuticals for $1.2 billion. Monsanto declined more than 6%.

UK GDP Expands at 1.2%; Indexes Dip

Arthi Gupta
28 Sep, 2010
New York City

The UK indexes fell after GDP expanded 1.2%, current account deficit narrowed, and business investment improved in the second quarter. The UK high street sales rose in September and home price growth slowed in August.

Telefonica

Arthi Gupta
28 Sep, 2010
New York City

The European indexes traded sideways after French consumer spending declined in August. German consumer sentiment surged in October. Sweden retail sales unchanged in August. Telef

U.S. Stocks Up; Endo, Qualitest Deal

Arthi Gupta
28 Sep, 2010
New York City

U.S. stocks open higher. President Obama signed small business bill into law. The ADB raised Asia growth forecast to 8.2% TransDigm agreed to buy McKechnie Aerospace for $1.27 billion and Endo Pharmaceuticals agreed to acquire Qualitest Pharmaceuticals for $1.2 billion.

Rupee Retains Momentum; IRB Infra Offering

Chandrasekhar Atreya
28 Sep, 2010
New York City

Indian stocks dropped marginally. SCI signs contract with China based company fo four bulk carriers. IMF will conduct mandatory checks of India

China Property Market Worries Drag Indexes

Chandrasekhar Atreya
28 Sep, 2010
New York City

The property market worries continue to stay in focus of stock investors. Stock indexes in Shanghai fell after investors worried that tighter restrictions may be needed to cool property markets. The benchmark index in Hong Kong declined more than 1%. Xinjiang Goldwind launched its HK offering.

Nikkei Drops 1.1%; Honda Output Up 25%

Chandrasekhar Atreya
28 Sep, 2010
New York City

Stocks in Japan dropped after most companies traded ex-dividend today. Japan said it will seek compensation from China for damage to patrol vehicles in the collision case. Toyota starts giving cash incentives for minivan purchases.

Australia Rail Project Threatened; Stocks Fall

Chandrasekhar Atreya
28 Sep, 2010
New York City

Shares in Sydney fell moderately after a 7-day rally. ASX fines MF Global for two separate breaches. Waratah rail project is derailed on the prospect of banks withdrawing financing. Striking workers at Xstrata

Deals of $5 Billion Fail to Spark U.S. Stocks

Bikram Pandey
27 Sep, 2010
New York City

U.S. stocks traded sideways after Unilever and Southwest Airlines announced deals. The European indexes declined after euro-zone growth slowed and UK home prices fell. Commodities prices traded at elevated levels and the dollar declined.