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Australian Stocks Struggle; Rents on the Rise

Darlington Musarurwa
13 Jan, 2010
New York City

Lower commodities and unease related to recent China move to increase bank reserve ratios damped the mood in trading. Sydney stocks closed lower. WorleyParsons lowered its earnings outlook and weaker than expected power sales in the U.S. Residential rents are expected to rise in Australia.

Japan Stocks Lower; Bankruptcies Fall

Darlington Musarurwa
13 Jan, 2010
New York City

Stocks in Japan declined on the worries that stimulus reversal in China may lower imports. Commodities linked companies declined. Corporate failures in Japan declined 16.6% in December. Japan prepares JAL to file bankruptcy and may launch discount carrier.

India Stocks Rise; Bajaj Auto, Infosys Gain

Mayank Mehta
13 Jan, 2010
New York City

Stocks in Mumbai traded higher after Infosys reported better than expected earnings. Rupee advanced as exporters prepare to sell the dollar. Bajaj Auto Ltd quarterly sales surged 59% and earnings nearly tripled but earnings net declined 63% at Bajaj Finserv.

U.S. Markets Higher; Emerging Markets Fall

123jump.com Staff
13 Jan, 2010
New York City

U.S., Germany, Italy and Portugal raised nearly $45 billion though bonds sale today. Treasuries yields in the U.S. and Europe inched up after the sale. Emerging markets declined on the worries after China increased bank reserve requirements.

German GDP Shrinks 5% in 2009; Stocks Mixed

Mayank Mehta
13 Jan, 2010
New York City

European markets closed mixed and commodities prices declined. Portugal, Germany and Italy raised

UK Stocks Track Lower Metals; Output Flat

Mayank Mehta
13 Jan, 2010
New York City

UK stocks closed lower tracking a decline in commodities prices. UK November factory output was unchanged from October. Hershey is likely to bid for Cadbury Plc. Resource sector stocks declined after a weakness in metals and energy prices.

Baidu, Wyndham Rise; Tesoro, Google Fall

Mayank Mehta
13 Jan, 2010
New York City

Wyndham Worldwide surged after positive comments from Deutsche Bank. Petroleum refiners Tesoro and Valero declined on the worries that elevated crude oil prices will crimp margins. China based search engine surged after Google said it may close its operations in China. Res-Care Inc plunged 17%.

U.S. Treasuries Decline; Dollar Rises

123jump.com Staff
13 Jan, 2010
New York City

U.S. stocks traded sideways as Treasuries declined, the dollar advanced and commodities weakened. U.S. Treasury is scheduled to raise $21 billion in bond offering today. Google declined after the company said it may close down its operations in China and Baidu Inc surged.

Sensex in India Falls; Infosys, Bharti Active

Mayank Mehta
12 Jan, 2010
New York City

Stocks in Mumbai traded lower. Infosys posts strong December quarter. Dunlop India on a roll as trading resumes after eight years of suspension. Suven Life Sciences announces two patents in China and Russia. Bharti Airtel acquires 70% stake in Bangladesh based Warid Telecom for $300 million.

China Increase Bank Reserve Requirements

Darlington Musarurwa
12 Jan, 2010
New York City

In an apparent move to remove government stimulus, the People

Bank Lending In Japan Expands, JAL Bankruptcy

Darlington Musarurwa
12 Jan, 2010
New York City

Prime Minister Hatoyama urged JAL retirees to approve the restructuring plan ahead of deadline. The troubled carrier is expected to file bankruptcy and take up to three years to turnaround. Current account surplus soars in November. Bank lending increased 1.2% in December and 2.5% in 2009.

Fewer Home Loans in Australia; CSR Bid

Darlington Musarurwa
12 Jan, 2010
New York City

The benchmark index in Sydney declined after mortgage loans in November fell 5.6%. The decline in loan commitments surprised most economists. Resource stocks closed higher after commodities prices gained in international markets. China based Bright Foods offered $1.5 billion for sugar unit of CSR.

U.S. Stocks Down, World Markets Weakness

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

U.S. stocks closed lower after investors focused on bank earnings this week. White House plans to impose fees of $120 billion to refund TARP. China raised bank reserves requirements. SEC sues Bank of American and said it did not disclose Merrill Lynch losses to shareholders.

QLogic, Emulex, Infosys Rise; Alcoa Falls

Mayank Mehta
12 Jan, 2010
New York City

Alcoa Inc led the decliners in the S&P 500 index with a loss of 8.4%. Alcoa posts narrower loss. Great Atlantic & Pacific loses $14.35 a share. KBH swings to quarterly profit on tax benefit. Infosys reports growth in third quarter profit. Emulex surged more than 13% and QLogic Corp added 9.4%.

U.S. Stocks Waver; Treasury Auctions $40 B

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

U.S. stocks declined as investors grew cautious ahead of earnings from Intel and JP Morgan and other banks. Alcoa earnings failed to spark investor excitement. Treasury plans to raise $40 billion through bonds sale today totaling $84 billion in the week.

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