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Market Update

Australian Stocks Track Lower

Darlington Musarurwa
17 Nov, 2009
New York City

The index of business confidence in Australia gains in September. Reserve Bank of Australia noted uncertain outlook for the interest rate increase. Stocks declined. China approves Baosteel

Software Services Stocks Lead Gainers in India

Mayank Mehta
17 Nov, 2009
New York City

Stocks in Mumbai traded higher. Amtek Auto jumps 14% after it repurchased bonds. Jaiprakash Associates plans to sell 60 million shares in its subsidiary. Tata Steel plans to increase iron ore output.

Stocks Struggle, Wholesale Prices Rise

Mukesh Buch
17 Nov, 2009
New York City

European stocks traded lower and Asian markets closed lower after Fed Chairman Bernanke gave a cautious outlook. U.S. commercial real estate loans of $500 billion annually are due for the next few years. Wholesale prices in October increased 0.3%. Euro-zone September surplus was 3.7 billion euros.

Lonmin, Persimmons, Rolls Royce Rise

Mayank Mehta
16 Nov, 2009
New York City

UK stocks closed higher on a rally in commodities and metals. Miners including Xstrata Plc, Antofagasta and Lonmin gained. Persimmons new home bookings surged 50% from a year ago. Rolls Royce gained on new orders.

DAX Index Lead European Markets; Auto Sales Up

Mayank Mehta
16 Nov, 2009
New York City

European markets closed higher on the back of global markets news. The German market benchmark index led the gainers with a rise of 2%. European auto sales increased 11.2% in October as incentives lift local demand.

Sensex in India Gains 1%; UltraTech Merger

Mayank Mehta
16 Nov, 2009
New York City

Stocks in Mumbai gained on the back of a rally in Asian markets. UltraTech, the largest India based cement maker absorbs its subsidiary Samruddhi Cement. Rupee edges higher against the dollar.

China Industrial Production to Rise 16%

Darlington Musarurwa
16 Nov, 2009
New York City

Industrial output in China is expected to rise 16% in November. Foreign direct investment increased 5.7% to $7.1 billion in October. China and Taiwan sign an agreement to increase access to banks, insurance and brokerages.

Japan Q2 GDP Rise 4.8%; Hitachi Falls

Darlington Musarurwa
16 Nov, 2009
New York City

Japan

Aussie Dollar, Stock Firms on APEC Comments

Darlington Musarurwa
16 Nov, 2009
New York City

Australian stocks rose 1% spurred by commodity stocks as gold prices soared 0.9% to $1,116 per ounce. Asian markets closed higher after 21-member Asia-Pacific Economic Cooperation group agreed to keep economic stimulus in place until the economy recovers to a sound footing.

U.S. Stocks, Gold Rally; Dollar Drops

123jump.com Staff
16 Nov, 2009
New York City

U.S. stocks rallied on the back of October retail sales data. Retailers led the gainers. The dollar declined to 15-month low and gold surged to a record high in 27 years. Energy complex stocks increased.

Sprint Nextel and Suntech Power Surge

123jump.com Staff
16 Nov, 2009
New York City

Sprint Nextel Corporation led gainers in the S&P 500 index with a rise of 10.3%. American Dairy, Inc swings to profit in third quarter and cuts fiscal year 2009 revenue view. Suntech Power surged on an analyst upgrade. Sprint soars 11% after it repaid $1 billion in debt.

Global Earnings: Lowe's, Fiat, EADS, Lonmin

Mukesh Buch
16 Nov, 2009
New York City

Lowe

U.S. Stocks Rise on Retail Sales, APEC

Mayank Mehta
16 Nov, 2009
New York City

U.S. stocks traded higher after the release of October retail sale. The sales increased 1.4% from the revised September sales decrease of 2.3%. Lowe

Australian Dollar Firm; Kathmandu IPO

Mayank Mehta
13 Nov, 2009
New York City

Australian stocks closed lower on Friday but up 2.5% for the week. Outdoor equipment retailer Kathmandu Holdings raised A$340 million. Gold miner St Barbara raised A$73 million.

U.S. Indexes Retain Positive Bias

Mukesh Buch
13 Nov, 2009
New York City

U.S. stocks closed higher and Treasury completed its $81 billion bond auction. U.S. trade deficit increased in September with the rise in crude oil imports. Gold traded near record high. Euro-zone expands.