ticker

Peak Inflation in India; Essar Energy IPO

Mayank Mehta
08 Apr, 2010
New York City

Stocks in Mumbai closed lower after inflation hovered near two-decade high for the second week in a row. Essar Energy is planning to raise $2.5 billion through a listing on London Stock Exchange. JK Paper plans to expand capacity.

UK Rates on Hold; M&S Drops

Mayank Mehta
08 Apr, 2010
New York City

Bank of England left its key lending rate at 0.5% and also kept its asset purchase plan in place. UK production output in February fell by 0.1% from a year ago. Weak commodities dragged the market index lower at close. Marks & Spencer declined after company issued cautious outlook.

Nervous Europe Faces Greek Worries

Mayank Mehta
08 Apr, 2010
New York City

On going Greek default worries occupied investors in European trading. European Central Bank left its key lending rate at 1% and President Trichet asserted that Greece is not likely to default. After the close Greece said first quarter deficit plunged 40%.

Gap, U.S. Air, UAL Rise; Forest Labs Drops

Mayank Mehta
08 Apr, 2010
New York City

Retailers reported higher than expected increase in same store sales in March. Gap same sales soared 11% and Target sales surged 10%. Abercrombie & Fitch sales increased 5%. U.S. Airways soared 18% on the merger talks with UAL Ltd, the parent of United Airlines.

U.S. Jobless Claims Up; Record Greek Bond Yields

123jump.com Staff
08 Apr, 2010
New York City

U.S. stocks traded lower after weekly jobless claims increased at the end of last week. European Central Bank left its key rate at 1% and President Trichet stressed that Greece is not likely to default. Greek bond yields increased.

China Rate Rise Speculation; 3-year Bills

123jump.com Staff
07 Apr, 2010
New York City

Stocks in China declined on the worries that rates may be on the rise sooner than expected. People

U.S. Consumer Debt Decline Drags Sentiment

123jump.com Staff
07 Apr, 2010
New York City

U.S. stocks declined after consumer credit dropped in March. Household spending, the main driver of the economy is not likely to recover immediately as unemployment remains high. The dollar edged higher but commodities trade near recent highs.

Macarthur Rejects Peabody Offer

Darlington Musarurwa
07 Apr, 2010
New York City

Australian service industry contracts for the third month in March. Macarthur Coal rejects revised offer from the U.S. based Peabody Energy and holds out for A$4 billion offer. BHP Billiton resumes coal exports at a terminal in Queensland after the recent Cyclone Ului.

Rates on Hold in Japan

Darlington Musarurwa
07 Apr, 2010
New York City

Bank of Japan left its key lending rate unchanged at 0.1% in an unanimous vote and cited improving economic conditions in international economies. Foreign exchange reserves in February declined $8.4 to $1.04 trillion.

Foreign Investors Increase India Stocks Holdings

Mayank Mehta
07 Apr, 2010
New York City

The benchmark stock index in Mumbai closed higher ahead of earnings season. International investors increased their net holdings of stocks in India by $5.1 billion in the year. Godrej Consumer acquires Indonesia based insecticide maker.

UK Debt Auction; Stocks Weak

Mayank Mehta
07 Apr, 2010
New York City

UK stocks traded lower after commodities prices declined. The pound declined after a seven day rally. The UK auction of five-year bonds worth

Daimler, Renault-Nissan Partnership

123jump.com Staff
07 Apr, 2010
New York City

Daimler and Renault-Nissan alliance agreed to form a partnership to develop better engines, cut production costs and develop small car technologies. Two companies will take 1.2 billion euros stake in each other.

Greek Worries, Euro Falls; Weak GDP

123jump.com Staff
07 Apr, 2010
New York City

European indexes traded lower and the benchmark index in Athens dropped 3%. Greek bond yields rose to 11-year high after Greece revised its 2009 deficit higher to 12.9%. Daimler and Renault-Nissan alliance signed a partnership to develop new technologies and build small cars.

Family Dollar, JA Solar, Monsanto, EOG Up

123jump.com Staff
07 Apr, 2010
New York City

KeyCorp led gainers in the S&P 500 index with a rise of 4.7%. Family Dollar Stores, Inc guides above estimates. AMB Property Corp to offer 12 million shares of common stock. Family Dollar net up and outlook exceeds estimates. Massey drops for the second day after an explosion that killed 25 workers.

Indexes in U.S. Decline; Oil, Copper Down

123jump.com Staff
07 Apr, 2010
New York City

U.S. and European markets traded lower after commodities declined. The dollar strengthened against the euro as talks of Greek bonds default gained momentum. China plans to issue 3-year bills for the first time since June 2008.

Market Update