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China Stocks Decline on Inflation Fears

Devan Biswas
02 Nov, 2010
New York City

Stocks in China region fell on the worries that government may be forced to raise rates and tighten home lending. Those fears were underscored today as local economists raise the prospect of faster inflation and India and Australia lifted rates today. Commodities prices edged lower.

U.S. Stocks Cautions Ahead of Election, Rate Decisions

Arthi Gupta
02 Nov, 2010
New York City

U.S. stocks traded higher ahead of the two-day Fed meeting and midterm elections. Google sued the U.S. Interior Department over messaging-service contract. GE Capital agreed to sell stake in Garanti Bank to BBVA for $3.78 billion.

India Rate Hikes Fail to Tame Stubborn Inflation

Devan Biswas
02 Nov, 2010
New York City

Stocks traded sideways as the Reserve Bank of India lifted rates for the sixth time this year. The rate hikes have failed to tame elevated food prices and stubborn inflation and record property and asset prices.

India Movers: Bajaj Auto, DLF, Emami, Orbit, PVR

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

Stock in Mumbai closed lower. Bajaj Auto Ltd. rose 1% after sales increased 32%. DLF Limited plunged 3.5% after RBI tightened home lending and raised rates. Emami Limited surged 5.4% after net profit gained 45.3%. GlaxoSmithKline rose 1% after net profit rose 31%. PVR Limited gained 3%.

Stocks Waver Ahead of Election and Fed Meeting

Devan Biswas
01 Nov, 2010
New York City

U.S. stocks struggled as investors guessed the size of Fed stimulus this week. Commodities traded higher as the dollar traded volatile and China reported manufacturing expansion. Ambac Financial Group missed a bond payment and is seeking to file a bankruptcy.

U.S. Movers: Baker Hughes, EXCO, Wilmington Trust

Bikram Pandey
01 Nov, 2010
New York City

Baker Hughes Inc rose more than 5% after earnings exceeded expectations. EXCO Resources Inc soared after chief executive offered to take company private. Fortinet Inc soared on the takeover speculation. Wilmington Trust plunges on a lower than expected buyout offer.

UK Manufacturing Activity Grows; Home Prices Fall

Arthi Gupta
01 Nov, 2010
New York City

The UK indexes advanced after manufacturing activity growth accelerated unexpectedly and home prices fell in October. Irish private sector credit growth slackened in September. BG Group sanctioned Queensland Curtis LNG project.

European Indexes Decline; Poland, Holland, Sweden Show Gains

Arthi Gupta
01 Nov, 2010
New York City

The European indexes traded sideways ahead of the rate decision in the U.S tomorrow. The IMF estimated economy in Poland to expand 3.5%. Swedish manufacturing growth slackened and Swiss industrial activity declined in October. ICBC agreed to buy U.S. brokerage firm from BNP Paribas.

U.S. Personal Income Dips; McKesson to Acquire US Oncology for $2.2 B

Arthi Gupta
01 Nov, 2010
New York City

U.S. stocks gained after manufacturing index in China rose to 6-month high. U.S. personal income unexpectedly fell 0.1% in September. AIG raised $20.5 billion through AIA IPO. McKesson agreed to acquire U.S. Oncology for $2.16 billion in cash.

India Movers: ACC, ICICI Bank, Hero Honda, Maruti

Mukesh Buch
01 Nov, 2010
New York City

Stock in Mumbai surged after market leader Reliance Industries, pharmaceuticals and banks report higher earnings. Hero Honda Motors fell 1.3% after net profit declined 15.33%. Reliance Industries fell 0.2%. The Shipping Corporation of India net surged six fold. TVS Motor surged 6.2%.

India Stocks Surge; Reliance Industries Net Up 28%

Devan Biswas
01 Nov, 2010
New York City

Stocks in Mumbai traded sharply higher after the market leader Reliance Industries reported 28% increase in earnings. Resource stocks gained after China reported faster economic growth. The Reserve Bank of India is expected to announce a rate hike tomorrow.

Nikkei Index Drops on Earnings Worries

Devan Biswas
01 Nov, 2010
New York City

Stocks in Tokyo trading closed lower on the earnings worries and the prospect of the yen strengthening more. Currency traders are increasingly looking for the yen to strengthen another 7% before it stabilizes as the U.S. Fed is expected to stimulate the economy this week.

China Manufacturing Expansion Lifts Asia Indexes

Devan Biswas
01 Nov, 2010
New York City

Stocks in Hong Kong and mainland China surged after the latest manufacturing report indicated sustained expansion. However, input prices gained at the fastest pace in October among all other sub indexes tracked. Resource stocks and banks led the gained. China Construction Bank Corp said net increased 31%.

Nasdaq Rises 5.5% in October; Dollar Declines 3.6%

Devan Biswas
29 Oct, 2010
New York City

U.S. indexes closed mixed after first read on the GDP showed slower than expected expansion. Consumer sentiment declined but the index of business activities showed an increase. Gold and silver rallied. Microsoft closed higher after earnings shot up 51%.

British Airways Swings to Profit; M4 Money Supply Grows

Arthi Gupta
29 Oct, 2010
New York City

The UK indexes slid after mortgage approvals fell to seven-month lows in September and consumer sentiment improved in October. Irish retail sales declined and private sector credit growth slackened in September. British Airways net rose.

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