Market Update

Japan Stocks Rise to 3-Month High; JSW, Sumitomo Metals Up

Marcus Jacob
08 Nov, 2010
New York City

Stocks in Japan closed higher and touched 3-month high as the yen declined. The better than expected U.S. jobs report lifted sentiment. Japan Steel Works Ltd and Sumitomo Metals Mining Co revised annual net outlook higher.

Luxottica Q3 Earnings Call Transcript

123jump.com Staff
08 Nov, 2010
New York City

The eyewear company reported quarterly net sales rose 19.7% to

Commodities, Resource Stocks Rise; Crude Oil Up

Bikram Pandey
05 Nov, 2010
New York City

U.S. stocks closed mixed after private sector added jobs in the U.S. resource stocks and commodities closed higher after the dollar. France and China signed 16 billion euros agreements. Bank of Japan left its key rate unchanged and allocated stimulus.

France and China in

Devan Biswas
05 Nov, 2010
New York City

European markets closed higher. France and China signed 15 billion euros agreement to sell uranium, aircrafts and energy projects. German factory orders declined 4% in September. Resource stocks closed higher.

UK Food Prices Rise; HSBC, RBS in Focus, Mail.ru IPO surges 30%

Bikram Pandey
05 Nov, 2010
New York City

UK stocks closed fractionally higher. HSBC said bank profit exceed last year but sounded cautious on China and India. Canada based two pension funds agreed to acquire high speed rail link operation rights for thirty years. Food prices surged in October.

U.S. Payrolls Expands 151,000, Unemployment at 9.6%

Bikram Pandey
05 Nov, 2010
New York City

U.S. stocks traded nearly flat after the release of better than expected employment report. U.S. employers added jobs for the first time since May. Private employers in construction and retail led the net new jobs additions. Unemployment stayed at 9.6%. Commodities increased and the dollar gained.

China Indexes Advance; Disney Theme Park in Shanghai

Marcus Jacob
05 Nov, 2010
New York City

Stocks in China region indexes gained tracking the increase in world markets. Resource stocks and commodities prices increased on the prospects of further decline in the U.S. dollar. Contractors and builders surged in Shanghai after Disney and China agreed to build a theme park.

BoJ Expands Asset Program; Nikkei Soars, Resona Plunges 16%

Marcus Jacob
05 Nov, 2010
New York City

Stocks in Japan soared after the Bank of Japan left its key rate on hold and expanded its asset purchase program to real estate and stocks. The move widely anticipated followed the monetary stimulus program in the U.S. Automakers advanced after Nissan lifted its annual net outlook.

U.S. and World Markets Rally, Dollar Drops, Gold Rises

Bikram Pandey
04 Nov, 2010
New York City

U.S. and world markets rallied after the Fed stimulus and the U.S. elections. Central banks in Europe, UK and other smaller countries left rates on hold. Gold and silver surged as the dollar declined against all major currencies.

U.S. Movers: Whole Foods, Costco, Solera, Telsa, Time Warner Cable

Marcus Jacob
04 Nov, 2010
New York City

Stocks in New York surged after the larger than expected Fed stimulus. Apollo Group declined nearly 8% after it confirmed an investigation. Big Lots dropped nearly flat same store sales. Telsa Motors surged after Panasonic acquired a stake. Whole Foods soared on higher than expected annual outlook.

FTSE Surged 1.8%; BoE Held Key Rate and Bond Program

Arthi Gupta
04 Nov, 2010
New York City

The UK indexes surged after the BoE retained key rate at 0.5% and bond purchase program at

ECB Holds Rates; BNP, Adidas Net Rises

Arthi Gupta
04 Nov, 2010
New York City

The European indexes soared after the ECB held key rate at 1%. Euro-zone services PMI fell in October but PPI climbed in September. German services PMI rose but French services sector activity growth slackened in October. Adidas profit rose 25% and BNP earnings soared 46%.

U.S. Weekly Jobless Claims, Productivity Rise; Time Warner Cable Net Up

Arthi Gupta
04 Nov, 2010
New York City

U.S. stocks gained after the Fed increased Treasuries purchase, weekly jobless claims rose 20,000 and productivity increased in the third quarter. GM commenced IPO at $26 to $29 a share. Canada blocked BHP Billiton''s $40 billion bid for PotashCorp. SAP agreed to pay $120 million to Oracle.

Sensex in India in Record Close; Coal India Surges 40%

Devan Biswas
04 Nov, 2010
New York City

Stocks in Mumbai closed record high as foreign investors pour money on the successful public offering of Coal India. Rupee strengthened as the dollar declined on the back of higher than expected pump priming by the U.S. Fed.

India Movers: Coal India, MTNL, Nitin Fire, Tata Sponge

Mukesh Buch
04 Nov, 2010
New York City

Stock in Mumbai soared on the back of a rally in Asia. Coal India Limited surged 25% on the first day of its trading. MTNL declined 2.9%. Nitin Fire Protection plunged despite higher profit. Tata Sponge Iron decreased 2.2% after net profit declined 28.7%.