Market Update

Employment Data Lift U.S. Indexes; Gold Up

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

U.S. stocks closed higher after July private sector employment increased. Barnes & Noble seeks a buyer after a pressure from an activist investor. Wheat prices continue to rise as drought in Russia force lower supplies in international markets. The dollar edged higher.

Barnes & Noble, Priceline, Expedia Soar

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

U.S. stocks traded higher and of the 30 stocks in the Dow, 19 traded higher. Barnes & Noble Inc soared as the takeover battle heats up. Electronic Arts jumped 5% after it reported quarterly profit. Priceline.com surged more than 20% after it estimated higher annual earnings.

UK Indexes Down; Next Plummets

Arthi Gupta
04 Aug, 2010
New York City

The UK indexes dropped after mixed earnings. The UK shop price inflation remained flat at 1.5%, government net reserves fell $24 million, services growth decelerated, and home prices rose in July. RBS agrees to sell 318 branches to Banco Santander for $2.63 billion.

European Indexes Fall; Adidas Net Soars

Arthi Gupta
04 Aug, 2010
New York City

The European indexes decline after weaker-than-expected global economic data. Romania to receive next aid tranche from the IMF and the EU but retains key rate at 6.25%. Euro-zone retail sales unchanged in June and service sector growth accelerates in July.

U.S. Stocks Struggle; AOL Loss

Arthi Gupta
04 Aug, 2010
New York City

U.S. stocks trade lower as the worries on the economic recovery resurfaces. U.S. home purchase applications rise 1.3% but private sector employment increases by 42,000 in July. BP says leaking oil well in the Gulf of Mexico appears to have reached static condition.

Earnings Expectations Lift Sensex in India

Chandrasekhar Atreya
04 Aug, 2010
New York City

Sensex in India surged to a 30-month high as investors estimate strong revenues at software services companies. GMR Infrastructure agreed to acquire 50% stake in InterGen, a power plant management companies with operations in Europe and Asia. Mumbai industrial plot of 18 acres fetches $175 million.

China Stocks Gain; Treasury Holding Worries

Chandrasekhar Atreya
04 Aug, 2010
New York City

Stocks in China region gained after dropping in mid-day trade. China opens its market for gold trade. PMI for non-manufacturing sector gains. Iron ore imports drop in as local production increases. BYD cuts its forecast for the year.

Toyota Swings to Profit; Nikkei Slips

Chandrasekhar Atreya
04 Aug, 2010
New York City

Stocks in Japan dropped after exporters fell as the yen surged to a 7-month high against the dollar. Toyota Motor posts better-than-expected first quarter result. Panasonic plans to cut as much as 50% TV prices in China to qualify for subsidies.

Sydney Drops; Trade Surplus Surges in June

Chandrasekhar Atreya
04 Aug, 2010
New York City

Stocks in Australia dipped after financial stocks declined on a weakness in the U.S. markets. Exports advanced and imports were flat in June. House prices grow at a robust pace in metropolitan areas of Australia.

U.S. Dollar, Stocks Falter; Oil Above $82

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

U.S. stocks declined after pending home resale in the prior month declined and June consumer purchases were nearly unchanged and savings rate increased. Energy complex stocks gained after crude oil traded above $82 per barrel. The dollar edged lower against the euro and the yen.

Boyd, Baker Hughes Fall; Cognizant Soars

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

Atlas Air second quarter sales surged 48% and net soared 188%. Quarterly sales at Coach Inc increased 22% and net gained 34%. Lear Corp swung to net profit and Marathon Oil net surged 72%.

UK Indexes Dip; Taylor Wimpey Soars

Arthi Gupta
03 Aug, 2010
New York City

The UK indexes declined tracking lower commodity prices. The UK construction sector activity eased in July. Cameron and Clegg pledge for working towards economic recovery in the UK. BP Plc agrees to sell Colombian business to Ecopetrol and Talisman.

European Markets Decline; BMW Net Surges

Arthi Gupta
03 Aug, 2010
New York City

European markets fall after bank stocks decline. Euro-zone wholesale inflation eases 0.3% in June. Spanish unemployment declines for the fourth consecutive month as consumer confidence improves in July. Swiss consumer prices fall for third month. Sanofi-Aventis is in talks to acquire Genzyme.

U.S. Stocks Lower; Sanofi, Genzyme Merger Talk

Arthi Gupta
03 Aug, 2010
New York City

U.S. stocks fall after Procter & Gamble Co reported a decline in earnings. Personal income rises 0.1% in June. MetLife announces offering of 75 million shares and $3 billion in senior debt. Sanofi-Aventis is in talks to acquire Genzyme for $20 billion.

SKS Microfinance in India Oversubscribed

Chandrasekhar Atreya
03 Aug, 2010
New York City

Stocks in Mumbai traded higher after positive earnings and Coal India prepares for its public offering. SKS Microfinance IPO was oversubscribed nearly 14 times. NMDC reports 100% jump in first quarter profit. Adani plans to import 400,00 tons of coal.