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Market Update

Rates on Hold in Europe; Greece

Arthi Gupta
05 Aug, 2010
New York City

The European indexes declined after the ECB holds key interest rate at 1%. Greece to receive

Sensex Drops; RIL in Gas Deal

Chandrasekhar Atreya
05 Aug, 2010
New York City

Stocks in Mumbai after trading higher through the day lost in the end to close lower. RIL agrees to buy its third shale-gas asset in the U.S. RCom hopes to roll out 3G facility by year end.

U.S. Stocks Fall; Cigna Net Slumps

Arthi Gupta
05 Aug, 2010
New York City

U.S. stocks decline after weekly jobless claims rise 19,000 to 479,000. The Monster Employment Index falls in July. BP gets authorization for cementing procedure on leaking Gulf of Mexico well. Intel and FTC reach settlement on antitrust lawsuit.

China Stocks Drop; July Auto Sales Up 17%

Chandrasekhar Atreya
05 Aug, 2010
New York City

Stocks in China declined after regulators asked banks to conduct stress test for a 60% decline in property prices. Auto sales continued to rise in July, though at a slower pace than in previous months. Cathay Pacific

Nikkei Rebounds; Tokyo Office Vacancy Drops

Chandrasekhar Atreya
05 Aug, 2010
New York City

Stocks in Japan rallied to gain on faster-than-estimated growth in U.S. service industries. Office vacancy rate drops from a record high. Horiba plans to put up an emission testing plant in China.

Sydney Gains; Rio Net Surges

Chandrasekhar Atreya
05 Aug, 2010
New York City

Stocks in Australia rallied ahead of results from Rio Tinto. Axa Asia Pacific stock halted as it still negotiates with ACC. Intoll gives Canada Pension Board one more week for due diligence. Victoria seeks private builders for its rail tunnel.

Employment Data Lift U.S. Indexes; Gold Up

123jump.com Staff
04 Aug, 2010
New York City

U.S. stocks closed higher after July private sector employment increased. Barnes & Noble seeks a buyer after a pressure from an activist investor. Wheat prices continue to rise as drought in Russia force lower supplies in international markets. The dollar edged higher.

Barnes & Noble, Priceline, Expedia Soar

123jump.com Staff
04 Aug, 2010
New York City

U.S. stocks traded higher and of the 30 stocks in the Dow, 19 traded higher. Barnes & Noble Inc soared as the takeover battle heats up. Electronic Arts jumped 5% after it reported quarterly profit. Priceline.com surged more than 20% after it estimated higher annual earnings.

UK Indexes Down; Next Plummets

Arthi Gupta
04 Aug, 2010
New York City

The UK indexes dropped after mixed earnings. The UK shop price inflation remained flat at 1.5%, government net reserves fell $24 million, services growth decelerated, and home prices rose in July. RBS agrees to sell 318 branches to Banco Santander for $2.63 billion.

European Indexes Fall; Adidas Net Soars

Arthi Gupta
04 Aug, 2010
New York City

The European indexes decline after weaker-than-expected global economic data. Romania to receive next aid tranche from the IMF and the EU but retains key rate at 6.25%. Euro-zone retail sales unchanged in June and service sector growth accelerates in July.

U.S. Stocks Struggle; AOL Loss

Arthi Gupta
04 Aug, 2010
New York City

U.S. stocks trade lower as the worries on the economic recovery resurfaces. U.S. home purchase applications rise 1.3% but private sector employment increases by 42,000 in July. BP says leaking oil well in the Gulf of Mexico appears to have reached static condition.

Earnings Expectations Lift Sensex in India

Chandrasekhar Atreya
04 Aug, 2010
New York City

Sensex in India surged to a 30-month high as investors estimate strong revenues at software services companies. GMR Infrastructure agreed to acquire 50% stake in InterGen, a power plant management companies with operations in Europe and Asia. Mumbai industrial plot of 18 acres fetches $175 million.

China Stocks Gain; Treasury Holding Worries

Chandrasekhar Atreya
04 Aug, 2010
New York City

Stocks in China region gained after dropping in mid-day trade. China opens its market for gold trade. PMI for non-manufacturing sector gains. Iron ore imports drop in as local production increases. BYD cuts its forecast for the year.

Toyota Swings to Profit; Nikkei Slips

Chandrasekhar Atreya
04 Aug, 2010
New York City

Stocks in Japan dropped after exporters fell as the yen surged to a 7-month high against the dollar. Toyota Motor posts better-than-expected first quarter result. Panasonic plans to cut as much as 50% TV prices in China to qualify for subsidies.

Sydney Drops; Trade Surplus Surges in June

Chandrasekhar Atreya
04 Aug, 2010
New York City

Stocks in Australia dipped after financial stocks declined on a weakness in the U.S. markets. Exports advanced and imports were flat in June. House prices grow at a robust pace in metropolitan areas of Australia.