Mukesh Buch
05 Nov, 2009
New York City
U.S. stocks edged higher after the weekly jobless claims declined 20,000 in the last week and productivity increased at the fastest pace of 9.5%. Cisco, Whole Foods and Research in Motion traded higher. The Bank of England and the ECB left their rates unchanged.
Darlington Musarurwa
04 Nov, 2009
New York City
Japanese automakers reported a rise in U.S. sales in October but lagged the gains of Korean makers. Japan is expected to keep stricter lending rules and maintain accommodative monetary policy. Japan Steel Works surged on estimating annual profit compared to a loss a year ago.
Darlington Musarurwa
04 Nov, 2009
New York City
World Bank estimated that China is expected to meet its 8% economic expansion target supported by the government stimulus. Gold miners close higher on a rise in gold. Casino stocks surged after Macau casino revenues surged 42% in October.
Darlington Musarurwa
04 Nov, 2009
New York City
Australian retail sales fell 0.2% in September and building approvals increased 2.7%. Service industry expands in October. Westpac warns of credit crunch and second half profit declined 10% to A$2.33 billion. Gold miners surged as gold closes at a record high.
123jump.com Staff
04 Nov, 2009
New York City
The Fed left its target rate range at historic low between zero and 0.25% and indicated low rates for an extended period of time as long as labor markets are weak and inflation remains low and stable. The dollar drops. Berkshire Hathaway AAA rating may be cut. Hyatt Hotels IPO scheduled tomorrow.
Mayank Mehta
04 Nov, 2009
New York City
European markets closed higher. German automakers gained on higher U.S. sales in October. Societe Generale third quarter earnings doubled. Total SA quarterly net declined 37% on lower refining margin and lower oil price.
123jump.com Staff
04 Nov, 2009
New York City
UK stocks closed higher after retailers Marks & Spencer and Next plc reported better than expected earnings. Home builders advanced on positive comments from Redrow and Taylor Wimpey. Diageo completed its $500 million bond offering.
123jump.com Staff
04 Nov, 2009
New York City
Garmin Ltd plunged 12% after it reported lower than expected revenues but a surprise rise in net. Solera Holdings surged 12% after it lifted its fiscal year earnings outlook. Trucking company Con-way Inc plunged after quarterly revenues and net fell.
123jump.com Staff
04 Nov, 2009
New York City
Stocks in Mumbai trading closed sharply higher after Finance Minister Mukherjee reiterated that economic stimulus will not be withdrawn. Jaiprakash Associates surged more than 9%. Tata Consultancy and Satyam Computer Services gained on the win of outsourcing contracts in Europe.
123jump.com Staff
04 Nov, 2009
New York City
Global stocks traded higher as commodities resume their advances. Gold traded at a record high and crude oil increased. U.S. stocks futures are pointing higher opening. The dollar declined in international trading ahead of the rate decision from the Fed today.
123jump.com Staff
03 Nov, 2009
New York City
Stocks in Hong Kong and Shanghai are expected to trade higher at the opening after the surge in gold prices and merger deals of $48 billion. Property stocks in Hong Kong declined. China Merchants Securities was approved for its initial public offering in Shanghai.
Mayank Mehta
03 Nov, 2009
New York City
Stocks in Mumbai fell sharply after Reliance Communications and Hindalco Industries reported weak earnings. India purchased 200 tons of gold from the IMF at $6.7 billion. The gold holding is still only 5% of its foreign reserves that total $285.5 billion.
Mukesh Buch
03 Nov, 2009
New York City
U.S. stocks gained after two large deals supported trading in stocks. Railroad and industrial stocks closed higher after Burlington and Black & Decker agreed to be acquired. Gold surged to a record after the Reserve Bank of India acquired 200 tons from the IMF.
123jump.com Staff
03 Nov, 2009
New York City
Banks were under pressure in the European trading after UBS reported its quarterly loss in a row and UK offered its second bailout to Royal Bank of Scotland and Lloyds Banking Group under tighter conditions. Banks France, Germany, UK and Spain fell. BMW declined after quarterly net plunged 74%.
Mayank Mehta
03 Nov, 2009
New York City
Banks in London traded lower after Royal Bank of Scotland and Lloyds Banking Group agreed to tighter bailout conditions in exchange of
