ticker

European Indexes Lower; Nokia, H&M Surge

Mayank Mehta
28 Jan, 2010
New York City

European indexes closed lower and Nokia and H&M reported better than expected earnings. Nokia surged more than 12% and H&M soared 8%. Bouygues to price

Jobless Claims Fall, Durable Goods Orders Rise

123jump.com Staff
28 Jan, 2010
New York City

U.S. stocks traded higher after weekly jobless claims declined and durable goods orders increased. President Obama focused on job creations and asked Congress to provide more economic stimulus. E*Trade, Netflix, Qualcomm and Symantec quarterly sales rise.

China Region Stocks Rebound on Earnings

Darlington Musarurwa
28 Jan, 2010
New York City

Stocks in Shanghai increased on the optimism that the U.S. efforts to increase jobs and stimulate economy will increase exports. Stocks rebounded from their lows in the last two weeks. Cathay Pacific expects rise in first quarter passenger numbers.

India Awaits RBI Rate Views; Food Prices Surge

Mayank Mehta
28 Jan, 2010
New York City

Investors were on hold ahead of RBI announcement tomorrow. Inflation worries are dragging market sentiment as wholesale price index hovers near record high. Tata Steel quarterly sales increased 33% and net profit gained 155%.

Canadian Q4 2009 Earnings Call Transcript

123jump.com Staff
28 Jan, 2010
New York City

Sales fell 14.5% to $1.88 billion and net income rose 1.6% to $582 million or $1.23 a share.Same-store price was in the range of 4% for the quarter. Full year free cash flow, an excellent performance in 2009 and generated $790 million of free cash flow which was essentially flat to perfomance.

Canon Earnings Outlook Lift Japan Stocks

Darlington Musarurwa
28 Jan, 2010
New York City

Stocks in Japan surged after Canon reported a surge in earnings forecasted improved earnings outlook. Expectations of higher earnings at Sony, Honda and Nippon Electric Glass lifted stocks. Toyota declined nearly 4% as the automaker expanded recall program and halted sales in the U.S. and Canada.

New Zealand Rate at 2.5%; Woodside Strike

Darlington Musarurwa
28 Jan, 2010
New York City

Stocks in Australia edged higher. Australia median house prices rise 12.1% in December. New Zealand holds its benchmark rate at 2.5%. Woodside Petroleum Ltd said that only half of striking workers have returned to Pluto project work defying a court order.

Bank Lending in Focus in China; Stocks Down

Mayank Mehta
27 Jan, 2010
New York City

Stocks in Shanghai and Hong Kong declined for the fourth day as banking regulators nearly halt new lending for a week. ICBC has tightened its new lending and stopped rolling over debts. Huaneng Group electricity output is up 13%. Yankuang gets approval to develop bauxite project in Australia.

Japan Debt Surge Prompts Rating Revision

Darlington Musarurwa
27 Jan, 2010
New York City

Japan debt in the fiscal year beginning April 1 is expected to surge to two times its gross domestic product prompting worries of higher rates later in the year. Exports increased 12.1% to 5.41 trillion yen in December. Bank of Japan leaves economic assessment for January unchanged.

Rate Worries in Australia; Woolworths Sales Up

Darlington Musarurwa
27 Jan, 2010
New York City

Global markets concern overshadowed the earnings from local companies in Australia. Consumer price index increased 0.5% in December and leading index of the economy increased 7.6% in November. Woolworths Ltd sales increase slowed to 4.1% rise.

Ahead of RBI Decision; Nifty in India Down 3%

Mayank Mehta
27 Jan, 2010
New York City

Mumbai stocks fell sharply ahead of interest rate decision on Friday. Banks and resource companies led the decliners. Rupee edged higher. Bank of Baroda quarterly net increases 17%. Century Textiles and Industries Ltd earnings triple.

Fed Ready to Exit Mortgage Bonds Purchase

123jump.com Staff
27 Jan, 2010
New York City

Federal Reserve left rates near zero and restated its plan to exit the supports for $1.25 trillion of mortgage bonds market. U.S. stocks rebounded at close and the dollar advanced. Apple released its electronic book reader iPad. Toyota expands its plan to halt sale of eight models.

European Investors Nervous; Greek Bonds Fall

Mayank Mehta
27 Jan, 2010
New York City

European markets declined as the prospect of early stimulus withdrawal worries investors. Greek bonds declined on its first day of trading. Portugal plan to cut the deficit to 8.3% may not be enough to meet the EU requirement. BBVA dropped after reporting earnings that misses estimates.

UK Index Down 1.1%; Tullow Raises

123jump.com Staff
27 Jan, 2010
New York City

Stocks in London closed lower as commodities declined. Global market worries and the prospect of early stimulus withdrawal affected trading sentiment. Tullow Oil completed

Moody's, Berkshire Up; Caterpillar, Toyota Drop

123jump.com Staff
27 Jan, 2010
New York City

Toyota plunged 7% after expanded the halt of eight model sales that included the U.S. and Canada. Berkshire Hathaway added to the S&P 500 index. Moody

Market Update