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German Surplus Shrinks; Output in France Up

123jump.com Staff
09 Oct, 2009
New York City

European markets closed nearly unchanged as the euro advanced against the pound and held firm against the dollar. German exports declined in September and trade surplus decreased 28%. Industrial output in France and Italy increased in August.

UK Pound Slides; Songbird Estate Drops

Mayank Mehta
09 Oct, 2009
New York City

UK stocks closed nearly unchanged as the pound fell against the dollar and the euro. Currency analysts are predicting the pound to trade below 95 euro cents by the end of the year. The troubled retailed JJB Sports to raise

Infosys, Google Rise; Aeropostale Falls

Mayank Mehta
09 Oct, 2009
New York City

Tech stocks led the charge in the morning trading. IBM, Google and Research in Motion gained on broker recommendations. Tata Motors completed its $750 million offering. Infosys fell after quarterly net income fell 1%. Sunrise Senior Living surged 24% after it sold nursing home care facilities.

Tech Stocks Lead Early Gains in New York

Mayank Mehta
09 Oct, 2009
New York City

Stocks in New York in early trading edged higher after brokers recommended tech stocks. Dollar hovered near its low and gold decreased in volatile trading. President Barack Obama won 2009 Nobel Peace Prize for his efforts to strengthen global diplomacy and cooperation.

ECB on Hold; Steelmakers Rise in Europe

123jump.com Staff
08 Oct, 2009
New York City

The ECB left its key lending rate at 1% and left intact the programs to provide direct lending to financial system. Kazatomprom and Areva join forces to make and market nuclear fuel. GDF Suez hopes to enter Nord Stream by year end.

UK Rates on Hold; Vedanta Resources Rises

123jump.com Staff
08 Oct, 2009
New York City

The Bank of England left its key lending rate at 0.5% and asset purchase plan unchanged. Vedanta Resources gained after it reported higher iron ore and aluminum production. Ladbrokes Plc fell after it plans to raise

U.S. Stocks Advance; New High in Gold

123jump.com Staff
08 Oct, 2009
New York City

Commodities and stocks gained for the second day in a row as gold reached a new record and copper and silver edged up. Home builders gained after comments from lawmakers and retailers advanced on September comparable sales data.

Humana, WellPoint, UnitedHealth Drop

123jump.com Staff
08 Oct, 2009
New York City

Health insurance providers declined sharply after the latest proposal discussed in the Senate Finance Committee was deemed deficit neutral by the non-partisan Congressional Office. Humana, UniteHealth Group and WellPoint declined more than 5%.

Kohl's, Macy's Rise; Aetna, Cigna Down

Mayank Mehta
08 Oct, 2009
New York City

Healthcare insurers declined after the non-partisan Congressional Budget Office said that the Senate Finance Committee

Stocks, Gold, Oil Rise; Jobless Claims Fall

Mayank Mehta
08 Oct, 2009
New York City

Stocks in New York traded higher after Alcoa reported higher than expected earnings. Banks traded higher ahead of earnings next week from JP Morgan and Goldman Sachs next week. Oil, natural gas, copper and silver traded up. Gold reached $1,055.

India Stocks Firm; Reliance Bonus Issue

Mayank Mehta
08 Oct, 2009
New York City

Stocks in India continue to hover near their recent highs ahead of strong earnings expectations. Rupee edged higher as foreign investors increase their exposure to Indian equities. Reliance Industries declared a bonus and 13 rupees per share dividend.

Australia Delays China Investments, Stocks Up

123jump.com Staff
07 Oct, 2009
New York City

Australian stocks surged as commodities and metal prices increased. Australian dollar hovered near its recent highs. Australia asked China based Baosteel to resubmit its application for its 15% stake acquisition of Aquila Resources Ltd. Australia has been delaying several China investments.

Banco Santander Brazil IPO Raises $8 Billion

123jump.com Staff
07 Oct, 2009
New York City

Banco Santander priced its offering of its Brazilian unit at the mid-range of its filing range. The largest public offering ever in Brazil raised $8.05 billion. The bank plans to open 600 branches and improve its capital ratio.

EU Economy Shrinks 0.2%; Metro Falls

Mayank Mehta
07 Oct, 2009
New York City

European markets edged lower but stocks in general maintained their upward bias in the region ahead of earnings season. EU revised higher the economic outlook for the next two years and economy shrank 0.2% in the second quarter from the first. Beisheim sells 5.2% stake in discount retailer Metro AG.

Banks Lead U.S. Advances; Alcoa Up

Mukesh Buch
07 Oct, 2009
New York City

U.S. stocks closed higher ahead of earnings season. Alcoa after the close reported better than expected third quarter earnings of $77 million or 8 cents a share on sales decline of 34% to $4.62 billion. European Commission revises economic outlook higher in the region.

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