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Whampao Bids for Hutchison Telecom

Mayank Mehta
08 Jan, 2010
New York City

Stocks in China stayed near their recent highs as the nation battles sever cold in the northern region. China approved new investment tools that allow investors to bet on the falling markets. Hutchison Whampao offered HK$2.20 a share for Hutchison Telecom.

Exporters, Automakers in Tokyo Gain on Lower Yen

Darlington Musarurwa
08 Jan, 2010
New York City

Finance minister comments supporting lower yen lifted stocks of exporters and auto makers. Japan foreign reserve assets falls to $1 trillion. Japanese government is likely to restructure JAL through a court-backed bankruptcy. Toyota Prius sales topped industry sales in 2009.

Auto Sales in India Surge 18%; FDI Up

Mayank Mehta
08 Jan, 2010
New York City

Stocks in India closed lower but appear to charge ahead as the earnings season next week. International investors increase their net exposure to Indian stocks to record $74 billion. 2009 auto sales increased 18.7% to 1.43 million and truck sales more than doubled in December.

EU Unemployment at 10%; German Exports Rise

Mayank Mehta
08 Jan, 2010
New York City

European markets closed higher after Germany reported better than expected increase in exports. Unemployment in the region increased to 10%. The second read of the euro area GDP was unrevised at 0.4%. Airlines and airport operators increased after global traffic expanded in November.

UK Inflation Worries; Mitchells & Butlers Rises

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

UK producer price surge fuels inflation fears. The pound was nearly unchanged after the report. Ted Baker sales surge. Mitchells & Butlers remains cautious. Aberdeen Asset Management agrees to acquire a unit of RBS for

UPS, Chipotle Rise; Apollo, MetroPCS Fall

Mayank Mehta
08 Jan, 2010
New York City

UPS plans to cut 1,800 jobs and revised its fourth quarter outlook higher. Apollo Group declined after an investigation by Department of Education raised issues. MetroPCS declined as investors fear declining margins. Chipotle Mexican Grill surges 7%.

December Jobs Report Weaken Indexes

Mayank Mehta
08 Jan, 2010
New York City

U.S. stocks edged lower after employers trimmed 85,000 jobs in December. Commodities declined. November wholesale sales increased 3.3% and inventories added 1.5% but still down 11% from a year ago. Apollo Group fell 5.3% after quarterly earnings gained 33%.

Markets in Europe Slide; Asian Markets Firm

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

Weather remained in focus in northern hemisphere as freezing weather affected commodities and people transportation. Unemployment in the euro area increased to 10% in November and third quarter GDP was decreased 4% from a year ago.

Holiday Sales Lift Stocks; Commodities Fall

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

U.S. holiday sales rose 2.9% lifting sentiment in trading and benchmark indexes. Freezing weather has now touched nearly 60% of the U.S. population. China lifted its interbank rate. Agriculture commodities and metals declined.

China Interbank Rate Rises; Shanghai Stocks Fall

Mayank Mehta
07 Jan, 2010
New York City

China raised its interbank rate for the first time in five months. The increase was slight, but signaled China

Retail Sales in Europe Fell; Praktiker Drops 6%

Mayank Mehta
07 Jan, 2010
New York City

European retail sales fell in November as the economic recovery is still fragile. The Bank of England kept its rates and bond purchase program in place. The ECB and central bank in Switzerland has already begun to unwind their bond purchase programs. Continental AG plan to raise

UK Rates, Bond Plan Unchanged; Sainsbury Rises

Mayank Mehta
07 Jan, 2010
New York City

The Bank of England left its key lending rate unchanged at 0.5% and kept its bond purchase plan unrevised. Auto sales in December surged on government incentives. UK home prices increased 1.1% in December and added 5.6% from a year ago. Persimmon gained. J Sainsbury same store sales increased 4.2%.

GameStop Plunges; Lennar, Sears, InfoSpace Surge

Mayank Mehta
07 Jan, 2010
New York City

GameStop Corp led the decliners in the S&P 500 index with a loss of 16.9% after it reported same store sales declined. Bed Bath & Beyond profit surged 72.5%. Ruby Tuesday swings to profit in second quarter. Same-store sales at JC Penney fell 3.8% but gained 1% at Macy

Yen Falls on Kan Comments; SMFG to Raise $8.7 B

Darlington Musarurwa
07 Jan, 2010
New York City

Finance Minister Naoto Kan in a departure from his predecessor signaled that the government will prefer weaker yen and is prepared to stem the rising yen. The yen fell 1.1% but is still 18% higher than a year ago. Tokyo office vacancy rises to 8.1% in December. Sumitomo Mitsui to raise $8.7 billion.

Retail Sales in Australia Rise; Dollar Firm

Darlington Musarurwa
07 Jan, 2010
New York City

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