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Market Update

U.S. Indexes Hit New Highs

123jump.com Staff
10 Sep, 2009
New York City

The three widely followed indexes increased to new highs for the year as stocks gained for the fifth day in a row. European markets advanced and UK left its rate unchanged at 0.5%. Markets in Asian edged higher as more companies look to raise capital.

Five Day Rally in Mumbai Stocks

Mayank Mehta
10 Sep, 2009
New York City

Stocks in Mumbai trading gain for the fifth day in a row. Varun Industries subsidiary is in a production sharing arrangement with Madagascar based company. Infosys surges after Nomura lifts its view on the outsourcing sector and the company plans to acquire consulting companies.

Magna Wins Opel Stake; European Markets Up

Mayank Mehta
10 Sep, 2009
New York City

European markets advanced and traded at the high for the year. Major indexes in the region are trading at 13-month high. GM agreed to sell majority stake in Opel to Magna International and Russian bank Sberbank. Arcandor may receive little after the banks sold their holdings in Thomas Cook.

UK Rates on Hold; JJB Sports Investigated

Mayank Mehta
10 Sep, 2009
New York City

The Bank of England left its asset purchase program in place to aid the economic recovery and left its interest rate unchanged at 0.5%. JJB Sports and Sports Direct ar investigated by the fraud and competition authorities.

United, Continental Surge; Monsanto Falls

123jump.com Staff
10 Sep, 2009
New York City

Monsanto Company fell after it reaffirmed earnings at the low end of its previous estimate. Korn/Ferry first quarter sales fell and swung to a loss. Lululemon increased after second quarter revenues increased. Airlines surged after positive comments from JP Morgan analyst.

U.S. Stocks Waver; P&G Rises

123jump.com Staff
10 Sep, 2009
New York City

U.S. stocks traded sideways in the morning after the rise in international trade deficit and weekly jobless claims were lower than expected. Procter & Gamble increased after it confirmed earnings outlook and plans to lower prices.

Australian Stocks Rise on Unemployment Data

Mayank Mehta
10 Sep, 2009
New York City

Australian employers cut staff in August according to the latest data from the statistics bureau. Retailers gained in Sydney trading after the unemployment rate was steady at 5.8%. Myers is expected to announce A$3 billion listing plan.

Chevron Signs A$70 Billion LNG Deals

Mayank Mehta
10 Sep, 2009
New York City

Chevron signed contracts to sell LNG worth A$70 billion to Japan and Korea after striking A$50 billion deal with PetroChina and A$25 billion with India based Petronet LNG Ltd. Unemployment in August was steady at 5.8%.

Gindalbe Surges on Approval in Australia

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

Australian stocks were firm as gold advanced for the seventh session in a row. Gindalbie Metals increased after it received state government approval for its iron mining operations in Western Australia. BHP Billiton and Noble Energy swap stakes in the Gulf of Mexico oil fields.

Infrastructure Stocks Gain in India

Mayank Mehta
09 Sep, 2009
New York City

Infrastructure related stocks gained as companies receive more orders. Jet Airways canceled more flights on the second day of pilots strike. Reliance Industries advances after crude oil prices jump.

Dollar Worries Drive Stocks, Metals and Oil

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

U.S. stocks traded higher in weaker than average volume as commodities markets activities overshadowed the stock market. Copper declined but gold and silver traded near recent highs. Crude oil gained but weakness in natural persisted. Small caps gained more than large caps in the session.

Commerzbank Surges; BMW Recommended

Mayank Mehta
09 Sep, 2009
New York City

European markets gained on the rise in energy and commodities linked stocks. Banks in Germany gained after Commerzbank said it plans to return 5 billion to the bank rescue fund. BMW gained on an analyst recommendation. Renault increased on positive comments from its chief.

Steady UK Trade Deficit; Laura Ashley Up

Mayank Mehta
09 Sep, 2009
New York City

UK trade deficit in July matched the deficit in June of

Yum, McDonald's Fall; MasterCard, eBay Rise

Mayank Mehta
09 Sep, 2009
New York City

YUM! Brands, Inc led the decliners in the S&P 500 index with a loss of 3.1%. Pep Boys second quarter profit rises 40% but sales disappoint. Casey

Dollar Weak, Metals Rise; Global Mergers

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

Global merge activity heats up as telecom operators look for acquisitions. Gold and silver trade at elevate levels and crude oil and natural gas rise. Earnings lift Casey