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Market Update

Sydney Index Drops; Rio Tinto, Riversdale Mining in Talks

Chandrasekhar Atreya
06 Dec, 2010
New York City

Sydney stocks traded sideways as the miners led the gainers and banks declined. Job ads in Australia rose for the seventh month in a row in November. Rio Tinto may offer $3.5 billion to Riversdale as two companies explore possibilities.

Urban Outfitters Q3 Earnings Call Transcript

123jump.com Staff
04 Dec, 2010
New York City

The lifestyle specialty retailer net sales increased 13% to $574 million in the quarter on comparable store sales rise of 1%. Net quarterly earnings rose 17% to $73.1 million. Earnings per share grew to 43 cents from 36 cents per share in the prior-year quarter.

U.S. Pare Losses; Dollar Falls

Bikram Pandey
03 Dec, 2010
New York City

U.S. stocks and indexes struggled after employers added less than expected and unemployment rate increased. The dollar declined and oil and gold surged. European indexes pared gains and the Bundesbank offered positive outlook for the German economy.

UK Indexes Slide; Services Industry Index Expansion Slows

Arthi Gupta
03 Dec, 2010
New York City

The UK indexes slid after services industry index slackened and foreign currency reserves fell in November. Premier Foods confirmed talks to sell its

Bundesbank Lifts Growth Outlook; European Indexes Lower

Arthi Gupta
03 Dec, 2010
New York City

The European indexes pared gains as the euro-zone private sector activity and retail sale improved. The Bundesbank reiterated that German economic recovery is on track. German services PMI rose in November. French service sector growth accelerated in November.

Smaller Increase in U.S. Payrolls; Stocks Fall

Arthi Gupta
03 Dec, 2010
New York City

U.S. stocks declined in the early trading after employers added less than anticipated staff in November. Pending home sales soared in October. Walter Energy and Western Coal in C$3.3 billion merger deal. Sunoco agreed to sell Toledo Refinery for $400 million.

Sensex in India Edged Lower, Strong Auto Sales

Chandrasekhar Atreya
03 Dec, 2010
New York City

The benchmark index Sensex declined after rising more than 3% in the last four sessions. Auto sales rose in November on the strength in small car sales. Maruti Suzuki unit sales surged 28% and Mahindra and Mahindra sales rose 18%.

Shanghai Index Drops; Gold Import Soars Five-fold

Chandrasekhar Atreya
03 Dec, 2010
New York City

Shanghai stocks traded lower and closed nearly unchanged and lost 1% in the week. Gold imports in the first ten months soared five-fold. China plans a shift in monetary policy stance in 2011 to contain inflation. GM, the first global automaker, sold 2 million cars in a year in China.

Fifth Weekly Rise in Nikkei Index

Chandrasekhar Atreya
03 Dec, 2010
New York City

Stocks in Japan closed higher after U.S. retail chain stores sales surged in November and home sales index increased. European Central Bank also stepped up buying of bonds of weak economies. Finance minister propose to revise taxes on dividend and capital gains from 2012.

Sydney Stocks Edge Up; Rio Tinto, Chinalco in Venture Deal

Chandrasekhar Atreya
03 Dec, 2010
New York City

Australian shares closed marginally up. Rio Tinto and Chinalco agreed to form a joint venture to explore new deposits in China. November auto sales rise 1.8% in Australia. Western Australia approves a bill allowing BHP and Rio Tinto for further expansions in the state with a one-time payment of A$350 million.

U.S. Retailers Power Market Rally; Oil, Copper Close Up

Bikram Pandey
02 Dec, 2010
New York City

U.S. stocks closed higher after same store sales rose more than expected in November. European markets closed higher after the ECB stepped up bonds buying and Spain completed the sale of

U.S. Movers: Aeropostale, Gildan, Kroger, Vimpel

Mukesh Buch
02 Dec, 2010
New York City

Costco said November comparable sales rose 9%. General Motors vehicle sales increased 11.4%. Kroger third quarter total sales soared 5.9% to $18.7 billion. Toll Brothers fourth quarter revenues declined 17.2% to $402.6 million.

UK Indexes Surge; TUI Travel Loss Widens

Arthi Gupta
02 Dec, 2010
New York City

The UK indexes rose after construction activity slowed in November. GlaxoSmithKline inched closer to acquire China-based Nanjing MeiRui Pharma. TUI Travel annual loss widened 65% as sales declined 3.2%.

Rates in Europe on Hold; Spain Bond Auction Yields 3.7%

Arthi Gupta
02 Dec, 2010
New York City

The European indexes traded sideways after the European Central Bank retained liquidity measures and held key rate at 1%. Spain successfully raised nearly

Sydney Index Surges 2%; Retail Sales Drop 1%

Chandrasekhar Atreya
02 Dec, 2010
New York City

Sydney stocks surged nearly 2% on positive economic data from China and the U.S. Retail sales drops for the first time in eight months. Trade surplus in October was $2.625 billion.