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Australia Lifts Growth Outlook to 1.75%

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

The Reserve Bank of Australia revised its annual outlook for the current year and 2010. The central bank lifted its 2009 economic growth to 1.75% from 0.5% and 2010 estimate to 3.5% from 2.25%. Banks led the gainers with the ASX index up 1.9%.

German Orders Up; Hermes, L'Oreal Fall

Mayank Mehta
06 Nov, 2009
New York City

European markets traded sideways after a string of weak results in Germany and France. German factory orders increased in September. Deutsche Boerse net declined and placed its final bid for the Warsaw Stock Exchange. Poland completes the largest European IPO in the year.

Oulook Lifts British Air; Rentokil Drops 6%

Mayank Mehta
06 Nov, 2009
New York City

The producer prices index increase in October. British Airways surged 6% after it said traffic decline has stabilized and ticket prices are likely to increase. Rentokil, the largest pest control company decreased more than 6%, third quarter profit increased. The pound edged lower.

Starbucks, Blue Nile, Intl Game Tech Rise

Mayank Mehta
06 Nov, 2009
New York City

International Game Technology led gainers in the S&P 500 index on better than expected earnings. Blue Nile, the online jeweler rises after it lifts annual outlook. Starbucks reports strong quarterly results on cost cutting. Sotheby

India Controlled NMDC, MMTC Soar

Mayank Mehta
06 Nov, 2009
New York City

Government controlled companies surged in Mumbai trading after finance minister indicated stakes sale to fund social programs. Rupee edged higher as international investors commit more capital to stock market. ITI soars on a speculation of a joint venture with Intel.

Global Earnings; Generali, RBS, Tenaris

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

Global corporations are still struggling as the U.S. financial crisis expands to a global economic slowdown. Banks in China, India, Brazil and Australia are reporting rising earnings and revenues. Software services providers in India have returned to growth.

Unemployment Rate 10.2%; Markets Head Lower

Sarla Buch
06 Nov, 2009
New York City

October unemployment surged to 10.2%, record since 1983 as builders, factories and services cut staff. Payrolls declined 19,000 in the month and the jobless rate increased from 9.8% in September. European markets turned lower but Asian markets closed higher tracking yesterday

HK Property Stocks Fall; Evergrande IPO Surges

Darlington Musarurwa
05 Nov, 2009
New York City

Hong Kong shares falls on profit taking and on mounting worries that property prices may face tighter regulation. Shanghai approves of Disney World in Pudong New District. Evergrande Real Estate surged 34% on its first day of trading in Hong Kong.

Tokyo Stocks Down; Sanyo Plunges 20%

Darlington Musarurwa
05 Nov, 2009
New York City

Stocks in Japan closed lower on weak earnings and a rise in energy prices dragged chemical makers. Sanyo Electric plunged 20% after Panasonic offered 40% lower than the closing price. Toyota Motor first net plunges but it lowered annual loss to 200 billion yen.

Australian Markets Struggle; Transurban Up 19%

Darlington Musarurwa
05 Nov, 2009
New York City

Stocks in Australia fell on the worries that elevated energy prices will affect corporate profits. Transurban Group surged 19% after it rejected Canadian offer that undervalued the company. Australia

Cisco Outook Powers Techs; World Markets Up

Mukesh Buch
05 Nov, 2009
New York City

U.S. stocks surged after reports on productivity and weekly jobless claims pleased investors. CVS plunged after it reported larger than expected client losses at its pharmacy benefit division. Hyatt and Ancestry.com IPO close up. Cisco outlook powered tech stocks with the Nasdaq index up 2.4%.

India Tax Collection Rises; Patni Surges

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

Tax collection in India increased 3.9% in the first seven months in fiscal year indicating rising income of corporations and individuals. Wireless telecoms rebounded on the talks of lower connection fees. Larsen & Toubro unit and Patni are in merger discussion.

Deutsche Telekom, Ubisoft, BNP Paribas Gain

Mayank Mehta
05 Nov, 2009
New York City

The ECB left its key lending rate unchanged at 1% and indicated a gradual winding of various direct lending programs. Deutsche Telekom third quarter net profit rises 7.2%. Enel SpA third quarter net profit fell 43%. BNP Paribas third quarter profit rose 43%. Ubisoft SA surged on annual outlook.

Vedanta, Invensys, Unilever Fall in London

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

The Bank of England left its key lending rate unchanged at 0.5% and increased the Treasury bond purchase plan by

CVS, Whole Foods Drop; Cisco Rises

Mayank Mehta
05 Nov, 2009
New York City

CVS Caremark Corporation led the decliners in the S&P 500 index with a loss of 19.4%. Whole Foods plunged 15% after it reported weaker than expected earnings. Children

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