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Optimism Drives India Stocks Higher

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
13 May, 2010
New York City

Stocks in Mumbai closed higher on the prospect of improving economic growth and earnings. Nitesh Estates closes below its initial public offer price. Sara Lee agrees to sell its 51% stake in the Godrej Sara Lee Ltd. Thermax indicated better outlook in the current fiscal year.

U.S. Stocks Struggle; Dollar Gains

Arthi Gupta, Mayank Mehta and Sanjay Barot
13 May, 2010
New York City

U.S. stocks trade cautiously as jobless claims fell and concerns about the the euro crisis ease. U.S. dollar soars to one-week high against the euro. April import price index rises 0.9% and export prices increase 1.2%. Weekly jobless claims decrease 4,000. SAP AG buys Sybase for $5.8 billion.

3-Day Rally in U.S. Stocks; Gold Gains

Mayank Mehta, Arthi Gupta and Darlington Musarurwa
12 May, 2010
New York City

U.S. indexes accelerated gains in the late afternoon on rising optimism. Better than expected earnings at companies in U.S. and Europe and deal talks to acquire Fidelity National also supported the sentiment. Niska Gas Storage Partners LLC completed initial public offering to raise $359 million.

Inflation Worries China Investors

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
12 May, 2010
New York City

Indexes in Hong Kong and Shanghai closed higher but consumer stocks fell on the worries of rising interest rates. China Railway Construction wins nearly $500 million contract. Zijin Mining agrees to buy 60% stake in Congo Mining Company.

European Markets Focus on Earnings, Spain

Arthi Gupta, Mayank Mehta and Sanjay Barot
12 May, 2010
New York City

European indexes gained on positive earnings from Deutsche Telekom, Allianz, ING, Natixis and Aegon. Euro-area GDP increased 0.2% in the quarter to March industrial output gained 1.3% in the month. Spain announced austerity measures to trim government spending.

Bank of England Supports Deficit Cut Plan

Arthi Gupta, Mayank Mehta and Sanjay Barot
12 May, 2010
New York City

U.K. stocks rise after Prime Minister David Cameron pledged to cut budget deficit as soon as possible. Unemployment rate in the first quarter to March was 8.0% and GDP increased by 0.2%. Towers Watson & Co. profit drops after merger.

XL Capital, Vimpel Rise; SunPower Falls

123jump.com Staff
12 May, 2010
New York City

XL Capital Ltd led gainers in the S&P 500 index with a rise of 8.4%. Fidelity National shares rise on deal talk. Walt Disney quarterly net surges 55%. Electronic Arts Inc swings to a profit in fiscal fourth quarter. Ambac drops after it delays its quarterly regulatory filings.

Elevated Industrial Production in India

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
12 May, 2010
New York City

Stocks in Mumbai traded higher after industrial production increased in March. The rise in production of more than 10% for the sixth month in a row prompted worries of higher inflation. Rupee gained. Bajaj Auto fourth quarter net triples in the fourth quarter.

Fidelity National Deal; Gold Up, Calm Europe

Arthi Gupta, Mayank Mehta and Sanjay Barot
12 May, 2010
New York City

U.S. stocks traded higher after March trade deficit widens and private equity groups partner to acquire Fidelity National Information. Markets in Europe were calm after Spain pledged to cut expenses and the bonds of Spain and Greece gained.

Indicators in Japan Improve; Reserves Rise

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
12 May, 2010
New York City

Stocks in Japan struggled as the yen gained and banks declined. Latest read of economic data suggested an improvement in economic conditions. Foreign reserves assets rise above $1 trillion. Toyota estimated latest years net to rise 48% and Olympus dropped after it estimated net to decline 56%.

Austalian Budget; CBA Net Up 30%

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
12 May, 2010
New York City

The Australian dollar and stocks fell after the government proposed to return to a budget surplus in three years. Mortgage lending shrinks 1.4% in March. Transurban rejects A$7.2 billion offer. Commonwealth Bank fiscal first quarter earnings increase 30%.

U.S., World Markets Ease; Gold, Dollar Advance

123jump.com Staff
11 May, 2010
New York City

U.S. indexes and world markets cooled after more doubts arise on the EU bailout plan. Greece already tapped the emergency fund by the EU to pay for the bonds next week. Stocks traded higher but sold off in the late afternoon as the dollar and gold gained. Gold surged $33.

Political Deadlock in UK; Weak Pound

Arthi Gupta, Mayank Mehta and Sanjay Barot
11 May, 2010
New York City

U.K. stocks weaken as doubts persist over the implementation of the European Union''s bailout package. Commodity stocks decline as metal and oil prices fall. Political deadlock continues in the UK but the prospects of a Lab-Lib alliance improve. The UK output rises 2.0% in March.

Markets Cool in Europe on Bailout Conditions

123jump.com Staff
11 May, 2010
New York City

European stocks fell amid concerns the proposed $1 trillion rescue package may not offer a long-term solution to the region''s fiscal woes. The euro fell to 4-day low. Wholesale price index for April rises 6% Germany. Deutsche Post AG profit rises 85%.

GameStop, Priceline Fall; Fossil Rises

Mayank Mehta
11 May, 2010
New York City

GameStop Corp led the decliners in the S&P 500 index with a loss of 13.8%. McDermott profit and sales declined. LDK Solar swings to profit . Fluor profit dips on lower oil and gas business. MBIA swings to net loss in first quarter.

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