ticker

Clearwire, Macy's Drop; Toll, LV Sands Rise

Mayank Mehta
11 Nov, 2009
New York City

Clearwire Corp plunged 13% after it said to prepare a rights offering $1.5 billion. Macy

India Stock Advance Continues; Exprots Fall

Mayank Mehta
11 Nov, 2009
New York City

Stocks in India continued their ascent after the release of exports and tax collection data. Exports in October fell 11.4% and in the seven months declined 26.5%. Indirect tax collection fell 21.6% in the period. Shree Renuka Sugars Ltd acquired Brazil based sugar plantation.

American Markets Up in Global Rally; Gold Record

Mukesh Buch
11 Nov, 2009
New York City

U.S. and other American markets closed higher after a rally in commodities and resource stocks. Global markets rally was sparked after economic data in Japan and China indicated robust industrial activities. Gold reached a new high.

Japan Stocks Edge Higher; Realty Stocks Down

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

Japan stocks are expected to open higher tracking the gains in New York. Futures of resource stocks are leading higher after gold closed at a record high. Automakers gained and shippers and real estate developers fell in Wednesday

India Stocks Rise; Satyam Plunges 11%

Mayank Mehta
25 Nov, 2009
New York City

Stocks in Mumbai traded higher. MphasiS Ltd quarterly net rises 34%. Astec LifeSciences IPO closed up 7% from the offer price. Videocon is in discussions to sell 25% stake in its power division. Indian rupee edged higher to 46.29 against a dollar.

U.S. Stocks Up; Central Banks Diversify

Mukesh Buch
25 Nov, 2009
New York City

The central banks around the world are looking to diversify their foreign reserve and increase their holdings of gold and currencies other than the U.S. dollar. Gold rallied to a new high and the Swiss franc traded at parity to the U.S. dollar. Vietnam devalued the dong by 5.2% and raised rates.

European Banks UniCredit, ING, Intesa Up

Trupti Mehta
11 Nov, 2009
New York City

European banks advanced after better than expected earnings from Credit Agricole SA, ING Groep NV, Intesa Sanpaolo SpA and UniCredit SpA. Switzerland based Holcim Ltd reported better than expected earnings on cost cutting. Sainsbury net in the first half rises 48%. HK Stock Exchange net surges.

Global Markets Up on China, Japan Economic Data

Mukesh Buch
11 Nov, 2009
New York City

U.S. stocks are expected to open higher. China retail sales and industrial production increased surged in October. Japan machinery orders rose in September and are expected to show its first quarterly gain in two years. European banks gained after reporting better than expected earnings.

Property Prices Rise 3.9% in China

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

Stocks in Shanghai and Hong Kong gained tracking the international markets rise after a statement from G-20. The fund flows continue in the Hong Kong stock and property markets. China reported a rise in property prices increased 3.9% in October across seventy largest cities.

Japan Takes Softer Bank Regulatory Stance

Darlington Musarurwa
10 Nov, 2009
New York City

Stocks in Japan closed higher led by a rise in domestic banks. Comments from regulators suggested a flexible approach for the capital adequacy at local banks. Government is preparing a supplemental budget of 3 trillion yen. Government plan to rescue JAL is likely to be ready by Friday.

Australian Confidence Index Up

Darlington Musarurwa
10 Nov, 2009
New York City

Stocks in Sydney gain after Australian business confidence rises in October. Australian banks imposing tighter lending conditions. Australian dollar edged to its high of the year.

Mixed Markets in Europe; Bilfinger Up 7.5%

Mayank Mehta
10 Nov, 2009
New York City

European markets closed mixed after two UK banks reported diverging views of earnings and loan losses. European banks closed lower. E.ON agreed to sell its German power network to Tennet BV of Holland. Volkswagen fell after Qatar plans to sell preferred stocks.

U.S. Stocks Weaken; MBIA Loss

Mukesh Buch
10 Nov, 2009
New York City

U.S. stocks traded lackluster after the bond guarantor MBIA reported quarterly loss. Fluor declined 7.5% after it lowered its annual earnings outlook. Energy and agriculture commodities closed lower. European markets closed mixed as the dollar edged higher.

Cookson, Yell, HSBC Up in London

Mayank Mehta
10 Nov, 2009
New York City

UK stocks were flat after HSBC and Barclays indicated diverging results. Schroders Plc assets under management increased more than expected. Yell Group plans to raise

Priceline Surges; Fluor, Melco Crown Fall

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

MBIA Inc led the decliners in the S&P 500 index with a loss of 17.0%. Arena Pharmaceuticals, Inc almost halves third quarter net loss. Electronic Arts Inc quarterly loss widens and announces 1,500 lay-offs. Melco Crown Entertainment plunges 14%.

Market Update