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Japan CPI Decline Slows; Nikkei Falls 2.9% in the Week

123jump.com Staff
25 Feb, 2011
New York City

Nikkei in Tokyo rebounded after oil declined and Saudi Arabia pledged to increase supply. Consumer prices declined at the smallest pace in January since April 2009 but economists warned that cost driven inflation is not good for economy. Nikkei rose Friday and lost 2.9% in the week.

Sinopec Takes 15% Stake in Origin LNG Venture, Woolworths Net Up 6%

Marcus Jacob
25 Feb, 2011
New York City

Australian stocks rebounded after crude oil declined on the pledges from Saudi Arabia to meet any shortfall from Libya. Woolworths first-half net rose 6%. Iluka soared after it reported better than expected profit. Harvey Norman net dropped 17%. Sinopec acquires 15% stake in Origin LNG venture.

U.S. Stocks, Oil Regain Losses; GM Reports $510 Million Profit

Bikram Pandey
24 Feb, 2011
New York City

U.S. stocks rebounded from the lows as crude oil gained as much as 2% before retreating while Libya burned. Saudi officials said that the nation is ready to meet any shortfall in oil from Libya. GM reported first annual profit in the last six years and new home sales declined 12.6%.

U.S. Movers: Chico

Mukesh Buch
24 Feb, 2011
New York City

Fluor fourth quarter net earnings fell 21% to $117.1 million. GM reported fourth quarter net income $0.5 billion. Kohl''''s net income in the quarter climbed 14.4% to $493 million. Limited Brands quarterly net income rose 27% to $452.3 million. priceline.com net income rose 73% to $135.3 million.

UK Retail Sales Growth at 8-month Low; Centrica Net Surges

Arthi Gupta
24 Feb, 2011
New York City

The UK indexes rose on surging oil prices as an aftermath of the crisis brewing in Libya. The BoE policy maker David Miles urged restraint in hiking key interest rate. The UK retail sales growth decelerated in February and RBS swung to profit.

European Markets Drift Lower; Aegon, Allianz, RWE Slump

Arthi Gupta
24 Feb, 2011
New York City

The European indexes declined after unabated protests in Libya. Euro area economic sentiment improved in February and German economy expanded in the fourth quarter. French consumer confidence remained unchanged in February. Italy retail sales rose in December.

Libya Split Lifts Oil Again; U.S. Durable Goods Increased 2.7%

Arthi Gupta
24 Feb, 2011
New York City

World indexes fell after violence in Libya continued and crude oil price surged 21% in thirty days and rose to 30-month peak. Weekly jobless claims decline 22,000 and durable goods orders increased 2.7%.

Sensex in India Plunges 2.8% on Inflation Worries

Devan Biswas
24 Feb, 2011
New York City

Stocks in Mumbai plunged sharply after the latest data showed a stubborn inflation. International markets also declined after crude oil prices touched $100 a barrel, 30-month high. The Sensex dropped 2.8% and automakers, banks and capital goods makers led decliners.

Hang Seng in 4-day Slide; Shanghai Gains; Refiners, Shippers Fall

Devan Biswas
24 Feb, 2011
New York City

Stocks in Hong Kong declined for the fourth day in a row and in Shanghai rose. Shipping and port related companies traded lower in Hong Kong and oil refiners declined after crude oil surged to 30-month high. Hong Kong dollar gained. Suning Appliance Co surged 6% on 370 store openings in the year.

Nikkei in Japan Drops 1.2%; Tobu Plunges 12%

Nigel Thomas
24 Feb, 2011
New York City

Japan benchmark index declined for the third day in a row and nearly wiped out half the gains of the year as crude oil reached 30-month high. Overseas investors added Japan stocks for the 16th week in a row. Tobu, railroad operator plunged after it announced a plan to raise $1.1 billion.

Australian Dollar Edges Up, Investments to Expand 32%; Origin Energy Down

Marcus Jacob
24 Feb, 2011
New York City

Australian stocks closed lower tracking markets in Asia but the Australian dollar edged up after businesses investment is expected to increase 32% in the next financial year. Origin Energy declined after it lowered outlook. Pacific Brands fell 15% after it reported a loss.

Australian Stock Exchange Halted; QBE Net Declined 17%

Marcus Jacob
28 Feb, 2011
New York City

Australian stocks decreased and markets were halted in the last hour of trading on a computer glitch. QBE Insurance said full-year net decreased 17% and underlying profit margin declined to 15%. QR National swung to a first-half net profit of $278 million. Downer EDI plans to raise capital.

World Markets Stabilize; U.S. GDP Revised Lower

Bikram Pandey
25 Feb, 2011
New York City

U.S. indexes rebounded and European markets closed mixed after crude oil prices stayed near 30-month high. U.S. lowered fourth quarter economic growth to 2.8% from 3.2% and consumer confidence rose in February.

U.S. Movers: Chesapeake, General Mills, HP, Lowe's, Toll Brothers

Mukesh Buch
23 Feb, 2011
New York City

Chesapeake Energy reported fourth quarter net income of $180 million. DIRECTV said net income in the quarter of $618 million. HP first quarter net income soared 16% to $2.6 billion. Lowe''s fourth quarter net earnings surged 39% to $285 million. Westlake Chemical quarterly net rose to five-fold.

BoE Split Widens; Centrica Inks

Arthi Gupta
23 Feb, 2011
New York City

The UK indexes plunged after escalating turmoil in Libya weighed on investor sentiment. The Bank of England policy members were split on key rate hike and UK mortgage approvals rose in January. Irish trade surplus dropped in December. Centrica signed

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