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Market Update

London: Climate Exchange, Liberty, BSkyB Rise

Mayank Mehta
12 Mar, 2010
New York City

UK stocks traded higher on a global optimism. Commodities advanced. Climate Exchange surged 9% after it swung to a net income in 2009. Liberty Plc surged on takeover talks. BSkyB soars 5% on media speculation that News Corp may increase its stake in the company.

European Markets Advance on Earnings, Output

Mayank Mehta
12 Mar, 2010
New York City

Earnings and economic outlook drove the sentiment higher in Europe. Talks of Greek bailout orchestrated by the EU also contributed to the positive sentiment. BMW AG 2009 net declined 36%. Eni SpA 2009 sales fell 23%.

Potash, Mosaic, Clear Channel Outdoor Surge

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

Potash Corp of Saskatchewan surged after it lifted first quarter earnings estimate as much as 50%. Yara International left its bid for Terra Industries unrevised. Aeropostale gained after fourth quarter sales increased 16%. AnnTaylor Stores declined on lower quarterly sales.

Stocks Rise in Tokyo on Production Data

Mayank Mehta
12 Mar, 2010
New York City

Stocks in Japan closed higher on the optimistic view of the economy and a rise in industrial production. The yen strength prompted more calls to lower the currency and the continuation of loose monetary policy.

U.S. Retail Sales Rise; Consumer Sentiment Lower

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

U.S. stocks turned lower after the release of consumer sentiment index. A rise in February retail sales drove the indexes higher. KKR & Co. plans to raise $2.2 billion as it prepares list the company in New York. Terra Industries and CF Industries edge closer to a merger pact.

India's Production Surges; Russia Defense Pacts

Mayank Mehta
12 Mar, 2010
New York City

Industrial production surged in January as industries use up spare capacity. Stocks struggled but edged up and for the week the Sensex increased 1%, fifth weekly gain in a row. Russian Prime Minster Putin hopes to sign defense pacts and nuclear power plants contracts with India during his visit.

Abercrombie Q4 2009 Earnings Call Transcript

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

Sales fell 4.5% to $936 million & net income fell 30.5% to $47.5 million or 53 cents a share. Gross margin rate was 63.5% down 110 basis points & within the guidance range given at the beginning of the quarter. gross profit rate was 63.5%, down 110 basis points from last year

Six-Day Rally in Citigroup; Global Markets Up

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

U.S. stocks struggled after a raft of economic data. Weekly jobless claims barely budged, trade deficit declined in January and foreclosure notices remain elevated. Commodities markets feared crackdown after China reported a rise in inflation and industrial production.

Tokyo Stocks Rise; Iron Ore Price Hike

Mayank Mehta
11 Mar, 2010
New York City

Cabinet Office revised the estimate of the last quarter gross domestic product lower to 3.8% from 4.6%. However, the current quarter estimates may be revised higher after Chinese production accelerated in February. Japanese steelmakers are bracing for 90% increase in iron ore prices from Brazil.

London: W Morrison, Thomas Cook, BP

Mayank Mehta
11 Mar, 2010
New York City

UK stocks edged lower but traded near two-year high. BP Plc agreed to acquire portfolio of energy blocks from Devon Energy Corp for $7 billion. J D Wetherspoon plc reinstates dividend. William Morrison Supermarkets issued cautious outlook.

European Stocks Lower; VW Up, Lagardere Down

Mayank Mehta
11 Mar, 2010
New York City

European markets closed lower and the Swiss National Bank left its key lending rate unchanged at 0.25%. Volkswagen said unit sales in the first two months in a year surged 27% from a year ago and is seeking to raise

Gymboree, IMAX Rise; Men's Wearhouse Falls

Mayank Mehta
11 Mar, 2010
New York City

Hot Topic quarterly profit declined on weak sales and Men

Devon, BP in $7 B Deal; Trade Deficit Falls

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

U.S. stocks traded sideways and January trade deficit declined on the smallest import of crude oil since 1999. Weekly jobless claims fell by 6,000. Devon Energy agreed to sell its international assets of gas and oil fields to BP Plc for $7 billion.

Indian Stocks, Inflation Rise; Putin Visit

Mayank Mehta
11 Mar, 2010
New York City

Stocks in Mumbai closed higher in the final fifteen minutes of trading. The wholesale inflation in the previous week was recorded at elevated level but larger crops of lentils and sugarcane is expected to make a dent in inflation. Russia and India are expected to sign nuclear reactor contract.

China Inflation Accelerates, Loans Decline

Mayank Mehta
11 Mar, 2010
New York City

China reported a rise in inflation and industrial production in February driven by economic stimulus and seasonal factors. Inflation gained for the fifth month in a row and 16-month high. New loans declined to $103 billion but ahead of the 22% annual increase target set by the central bank.