Market Update

Nikkei Drops; Japan Rates on Hold

Chandrasekhar Atreya
10 Aug, 2010
New York City

Stocks in Japan dropped on reports of slowing imports by China. Bank of Japan kept key rate unchanged and the Japanese government left its outlook for local economy in August the same but lowered the assessment on China.

Sydney Retreats; Business Sentiment Drops

Chandrasekhar Atreya
10 Aug, 2010
New York City

Stocks in Australia fell after China reported weaker-than-expected imports. Business confidence fell to its lowest level in a year. Consortium of eleven miners increases offer for QR Ltd. Transurban completes acquisition of Lane Cove Tunnel.

U.S. Indexes Near 3-Month High; Copper Up

123jump.com Staff
09 Aug, 2010
New York City

U.S. stocks rebounded from the early lows and copper and wheat jumped. Resource stocks traded higher in New York and London trading. The dollar edged higher. China expands the scope of its bank stress test and UK looks for ways to increase lending to small businesses. Exports slow in Japan.

Digital Globe, GeoEye Surge; HP Drops

123jump.com Staff
09 Aug, 2010
New York City

U.S. stocks traded higher and majority stocks in the Dow and S&P 500 index gained. Digital Globe Inc and GeoEye Inc surged after U.S. intelligence agency awarded contracts worth $7.3 billion. Hewlett Packard dropped after it ousted its chief executive. Berkshire Hathaway quarterly net to drop.

UK Indexes Rise; Portmeirion Plummets

Arthi Gupta
09 Aug, 2010
New York City

The UK indexes climb after resource stocks lead gainers. Six UK banks form a taskforce to facilitate business credit lending. AstraZeneca agrees for $198 million settlement in Seroquel product liability litigation. Costain Group wins

European Indexes Up; Andritz Net Surges

Arthi Gupta
09 Aug, 2010
New York City

The European indexes trade higher after a rise in resource and bank stocks. Fitch affirms Romania''s debt with a stable outlook. Euro-zone investor confidence soars in August. German trade surplus and export growth rises in June. Spanish corporate bankruptcies decline in the second quarter.

Sensex Gains; FDI Drops 45% in June

Chandrasekhar Atreya
09 Aug, 2010
New York City

Sensex index in Mumbai gained 1.4% tracking gains in international markets. Real estate developers led gainers and India Bulls won Mumbai land auction for $330 million price. Life Insurance Corporation plans to invest as much as $5 billion in financial markets.

China Initiates Wider Stress Test; Stocks Rise

Chandrasekhar Atreya
09 Aug, 2010
New York City

Stocks in China region gained after trading volatile in the session. China regulators start stress tests that include sharp fall in home prices and a decline in earnings at steel and cement makers. SFC in Hong Kong permits yuan-dominated fund. China cancels preferential power prices.

Nikkei Drops; Trade Surplus Narrows

Chandrasekhar Atreya
09 Aug, 2010
New York City

Stocks in Japan dropped on slowing export growth and worries that a slowdown in China may affect exports in the second half. Trade surplus drops unexpectedly in June. Toyota starts Tacoma output at its Texas facility. Itochu Corp acquires 2.75% stake in Aston Resources Pty Ltd.

U.S. Stocks Gain; Chrysler Narrows Loss

Arthi Gupta
09 Aug, 2010
New York City

U.S. stocks advance after positive economic data in the euro-zone. BP estimates permanent sealing of leaking well by August 15. Chrysler quarterly loss narrowed on 22% increase in worldwide unit sales. DigitalGlobe concludes $3.55 billion EnhancedView agreement with NGA.

Australia Stocks Higher; June Home Loans Fall

Chandrasekhar Atreya
09 Aug, 2010
New York City

Stocks in Australia gained after a rally in the resource sector helped the index close higher. Aston completes book build for its initial public offering. Jobs placement ads rise in July. Home loan approvals fell in June.

U.S. Indexes Slide; AIG, Treasury Talks

123jump.com Staff
06 Aug, 2010
New York City

U.S. indexes traded lower after July payrolls declined and unemployment rate was flat at 9.5%. Indexes in Europe tracked lower. Wheat prices declined but hovered near 50% higher than in June. AIG quarterly operating profit increased 17% and said it has initiated the process of government stake sale.

Blue Nile, APE Fall; AIG, Perkin Elmer Rise

123jump.com Staff
06 Aug, 2010
New York City

U.S. stocks traded lower after unemployment in July was nearly unchanged. Activision Blizzard dropped after it estimated lower revenues. American Public Education plunged more than 28% after it canceled its annual outlook. Blue Nile dropped after net declined.

UK Stocks Dip; Logica Profit Surges

Arthi Gupta
06 Aug, 2010
New York City

The UK indexes fall after reports showed a drop in temporary workers for the census in the U.S. The UK economy expanded 0.9% in the quarter ending July and output price inflation rose 5% in July but manufacturing output grew 0.3% in June. Inmarsat ordered three satellites from Boeing.

European Stocks Fall; Allianz Profit Declines

Arthi Gupta
06 Aug, 2010
New York City

The European indexes pare gains after weaker-than-estimated U.S. jobs data. German manufacturing output unexpectedly dipped in June. Greek CPI edged higher in July. Italian GDP expanded 0.4% in the second quarter and industrial production accelerates in June.