ticker

Norway Holds Rate; European Stocks Fall

Arthi Gupta
22 Sep, 2010
New York City

The European indexes slid after euro-zone industrial orders fell more than expected in July. Norway retained key interest rate at 2%. German economic index rose in July and real wage growth accelerated in the second quarter. Hungary retail sales increased in July.

Mortgage Applications, Refi Activities Fall

Arthi Gupta
22 Sep, 2010
New York City

U.S. stocks edged lower after mortgage applications fell despite low rates and refinancing declined. Fed appears to be running out of options to stimulate the economy. Japan based Sharp Corp agreed to acquire Recurrent Energy for $305 million. The FDA approved Novatris drug for multiple sclerosis.

Kingston Properties, RJR Lead Jamaica Trading

Mukesh Buch
22 Sep, 2010
New York City

In low trading Caribbean markets traded sideways. The benchmark index in Jamaica dropped more than 1.5% in the last nine days of trading. Kingston Properties Limited led the most active list followed by Radio Jamaica in Kingston trading.

Sensex Falls; ONGC Bids for Russian Arctic Oil

Chandrasekhar Atreya
22 Sep, 2010
New York City

Indian stocks pared some of Tuesday

Machine Orders in Japan Rise

Chandrasekhar Atreya
22 Sep, 2010
New York City

Stocks in Japan closed lower. Machine tool orders soars in August and orders for new ships rises in the first half of the year. Orders from China more than doubled. A Hitachi-led consortium loses its bid for a monorail project in Brazil.

Australian Dollar at 25-month High

Chandrasekhar Atreya
22 Sep, 2010
New York City

Australian stocks gained and the Australian dollar advanced to 25-month high. David Jones declined 2% after the company said earnings will be lower than the upper end of the earnings. Telstra led the most active list in trading.

J.C. Penney Q2 Earnings Call Transcript

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

The department store chain retailer net quarterly sales fell 0.1% to $3.94 billion on comparable store sales rise of 0.9%. Net income in the quarter was $14 million or 6 cents per diluted share, compared to net loss of $1 million or breakeven per share in the prior-year quarter.

Sensex 7-day Rally, Index Cross 20,000

Chandrasekhar Atreya
21 Sep, 2010
New York City

The Sensex crossed the 20000 last seen in January 2008 as foreign investors pour capital and monsoon rains are ahead of estimates. India, Turkmenistan, Pakistan and Afghanistan sign a preliminary agreement for a gas pipeline as the U.S. block the pipeline project from Iran.

U.S. Gains Trimmed on Fed Statement

Devan Biswas
21 Sep, 2010
New York City

U.S. indexes closed higher after Fed indicated its willingness in stimulate economy as inflation runs below its target. Gold inched to record and U.S. Treasuries yields dropped to record low. Markets in Europe and Asia edged lower.

AutoZone, SanDisk Fall; Carnival, FactSet Rise

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

AutoZone, Inc declined after the retail said fourth quarter sales increased 9.5%. Carnival Corp increased 2% after third quarter revenues increased 8% to $4.4 billion. FactSet Research Systems Inc. increased revenues and earnings increased 8%.

Record UK Government Borrowing

Arthi Gupta
21 Sep, 2010
New York City

The UK indexes climbed after Ireland successfully completed bond sales. The Confederation of British Industry urged prioritization of spending on investment for economic growth. The UK public sector net borrowing soared in August. Irish PPI slackened in August.

Positive Sentiment in European Markets

Arthi Gupta
21 Sep, 2010
New York City

The European indexes rose after the French economic index accelerated in July. The EU extended Irish bank guarantee scheme. Fitch affirmed Germany''s sovereign ratings. Spanish export growth slowed in July.

U.S. Stocks Up; Housing Starts Soar

Arthi Gupta
21 Sep, 2010
New York City

U.S. stocks gained after housing starts surged more than expected 10.5% in August. McMoRan agreed to buy Plains Exploration''s shallow water Gulf of Mexico assets for $818 million. Clorox is negotiating to sell its auto-care brands to Avista Capital for $800 million.

Healthy Gains in China Home Sales, Air Travel

Chandrasekhar Atreya
21 Sep, 2010
New York City

China region indexes gained fractionally ahead of holidays. Shanghai port surpassed Singapore as the number of containers handled at the port surged 20% in August. Passenger air travel passengers and new home sales in Shanghai continue to rise.

Nikkei Drops; China, Japan Spar

Chandrasekhar Atreya
21 Sep, 2010
New York City

Stocks in Japan drop on China concerns. China suspends ministerial level exchanges with Japan on the recent fishing boat incident. Government Pension Fund is weighing the idea of investment in emerging markets.

Market Update