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Sydney Retreats 1.2%; Myer Net Drops 38%

Chandrasekhar Atreya
16 Sep, 2010
New York City

The index of stocks in Australia declined more than 1% after rallying for 3-day rally. Australian economy is increasingly linked with the Chinese economy according to a government report. Merchandise import drops in August. CNPC signs an agreement with Chevron to develop Wheatstone LPG project.

U.S. Stocks, Dollar Rise; European Indexes Weak

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

U.S. stocks recovered from the early losses after mixed economic reports and Japan intervened in the currency markets. U.S. dollar rose against the yen more than 3% after $16 billion intervention. European markets fell after inflation slowed in the month and employment static in the quarter to June.

German Trade Surplus and Exports Declined in August

Arthi Gupta
08 Oct, 2010
New York City

The European indexes rose after German manufacturing turnover improved but trade surplus and exports declined in August. French budget deficit widened in August but industrial confidence gained in September.

AK Steel, Beazer Drop; Genpact, MasterCard Jump

Bikram Pandey
15 Sep, 2010
New York City

AK Steel plunged more than 5% after the company revised third quarter operating loss. Beazer Homes declined after it lowered home sales and lot improvement spending outlook. Cisco plans to initiate dividend. Genpact Ltd surged on the buyout rumors.

UK Jobless Claims Rise; Indexes Drop

Arthi Gupta
15 Sep, 2010
New York City

The UK indexes weakened after jobless claims rose in August. The BoE Governor Mervyn King reiterated that government

Euro Area Inflation Slackens; Employment Flat

Arthi Gupta
15 Sep, 2010
New York City

The European indexes declined after euro-zone inflation slowed in August and employment remained static in the second quarter. The OECD urged Turkey for withdrawal of monetary stimulus. The IMF noted Greek fiscal consolidation program on track.

Import Prices Up; Mortgages Applications Fall

Arthi Gupta
15 Sep, 2010
New York City

U.S. stocks traded lower after import prices rose 0.6% in August and mortgages applications fell for a second consecutive week. ACE agreed to acquire Rain and Hail for $1.1 billion. HealthSouth reaffirmed its annual earnings outlook.

7-Day Rally in Sensex; Exports Climb 23%

Chandrasekhar Atreya
15 Sep, 2010
New York City

Stocks in India continued to rally for the seventh day in a row. Cairn India seeks approval from shareholders for Vedanta deal in its AGM. Indirect tax collections surge 45% in the first five months of this fiscal.

Sustained Direct Investments in China

Chandrasekhar Atreya
15 Sep, 2010
New York City

Stocks in China fell but in Hong Kong gained marginally. Foreign direct investment in China surged 18% to $66 billion. Exchange of new car for old program lifted auto sales in the first eight months.

Nikkei Gains on Forex Intervention in Tokyo

Chandrasekhar Atreya
15 Sep, 2010
New York City

Stocks in Japan surged more than 2% after the government intervened in the foreign exchange market. Prime Minister Kan plans to reshuffle the cabinet and change the DPJ executives later this week. Convenience store operator Lawson plans to open 130 stores in China.

Sydney Rallies; Record Home Starts

Chandrasekhar Atreya
15 Sep, 2010
New York City

Stocks in Australia rallied to a four-month high following Japanese intervention to stem the surging yen. Consumer confidence index declined in September. June quarter saw the largest jump of new dwellings in more than six years. Queensland plans to link to hydroelectric energy from Papua New Guinea.

U.S. Stocks Struggle; Gold Rallies 2%

Bikram Pandey
14 Sep, 2010
New York City

U.S. stocks traded sideways after a moderate increase in retail sales and budget deficit narrowed in August. The U.S. dollar dropped and the yen reached a new 15-year high. Gold surged 2.2%. Cliff Natural Resources Inc, the largest iron ore producer in North America dropped 5%.

UK Inflation 3.1%; Consumer Confidence Rises

Arthi Gupta
14 Sep, 2010
New York City

The UK indexes declined after inflation remained at 3.1% but consumer confidence rebounded in August and home prices rose in July. The BoE policy maker Weale noted the British economy is recovering but employment may lag increase in private sector output.

Best Buy, Kroger Rise, Cliff Natural Drops

Devan Biswas
14 Sep, 2010
New York City

Stocks in New York traded higher. BestBuy Company surged 6% after net soared 61%. The Kroger Co increased 2% after revenues gained 6%. Schiff Nutrition International gained more than 8%.

German Investor Confidence Slumps

Arthi Gupta
14 Sep, 2010
New York City

The European indexes fell after German investor confidence plunged in September. Euro-zone industrial production static in July and labor cost growth slackened in the second quarter. French inflation eased in August.

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