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Market Update

US Movers: Apple, Bank of America, IBM, VMware

Mukesh Buch
19 Oct, 2010
New York City

Apple Inc declined and quarterly sales and net soared. Capital One Financial Corp said its quarterly net more than doubled. IBM quarterly net increased 12%. Bank of America quarterly loss widened.

India Movers: Alembic, Adani, Biocon and ING Vysya

Mukesh Buch
19 Oct, 2010
New York City

Larsen & Toubro and Bajaj Auto reported sharply higher earnings. Adani Enterprises is looking to invest $6.9 billion in Australia projects. Biocon gained after it finalized an agreement with Pfizer to sell its insulin products. ING Vysya Bank Limited said quarterly net soared 40%.

Sensex in India Drops; L&T and Bajaj Auto Net Soar

Chandrasekhar Atreya
19 Oct, 2010
New York City

Mumbai stocks fell for the fourth trading day in a row as investors seek to invest in Coal India offering and State Bank of India bonds. Larsen & Toubro and Bajaj Auto reported sharply higher earnings. Adani Enterprises is looking to invest $6.9 billion in Australia projects.

German Investor Confidence Drops to 21-Month Low

Arthi Gupta
19 Oct, 2010
New York City

The European indexes fell after euro-zone current account deficit widened and construction output fell in August. German economic sentiment slumped in October but exports to exceed

UK Indexes Decline; Land Securities, Canary Wharf in JV

Arthi Gupta
19 Oct, 2010
New York City

The UK indexes edged lower after China''s central bank hiked key rates unexpectedly by 25 basis points. The UK manufacturers estimated strong growth in output and export orders in the next three months. Blacks Leisure confirmed preliminary talks regarding possible offer.

U.S. Housing Starts Rise; Apple Inc Sale and Net Soar

Arthi Gupta
19 Oct, 2010
New York City

U.S. stocks declined after China raised its key interest rates by 25 basis points. U.S. housing starts rose 0.3% to 610,000 in September and home builder confidence improved in October. Sweden-based SKF agreed to buy U.S.-based Lincoln Industrial for $1 billion.

Shanghai, HK Stocks Rally; China Increase U.S. Debt Holdings

Chandrasekhar Atreya
19 Oct, 2010
New York City

Stocks in China surged on the expectations of sustained economic growth in the next five years and HK stocks edged higher after the U.S. dollar traded higher. China

Japan Lowers View on Economy; Firm Yen

Chandrasekhar Atreya
19 Oct, 2010
New York City

Japanese stocks rebounded Tuesday on earnings outlook and a pause in yen

Australian Reduces U.S. Treasury Holdings; Dollar Hovers Near Parity

Chandrasekhar Atreya
19 Oct, 2010
New York City

Australian shares pared its weak start to this week but stayed little changed and the Australian dollar hovered near the parity with the U.S. dollar. Construction industry survey highlighted worker shortage. Australia reduces U.S. Treasury holdings in August by 25%.

U.S. Stocks, Bonds Advance; Dollar Eases

Bikram Pandey
18 Oct, 2010
New York City

U.S. stocks and bonds closed higher and industrial output in September declined unexpectedly. The dollar declined against the yen and the euro and gold and silver closed higher. Banks in the U.S. and Europe closed higher after Citigroup reported better than expected earnings. UK proposed military budget cuts for the next three years.

Citigroup, Hasbro Rise; Haliburton, Knoll Fall

Bikram Pandey
18 Oct, 2010
New York City

Citigroup added more than 3% after it reported better than expected earnings. Haliburton Company dropped more than 4% after the quarterly earnings surged 108%. New Oriental Education & Technology Group Inc rose as much as 4% after revenues increased 29%.

UK Home Prices Surge; RBC to Acquire BlueBay

123jump.com Staff
18 Oct, 2010
New York City

The UK indexes gained after home prices surged 3.1% in October. The CEBR forecasted the BoE will expand bond buying program by

German GDP Growth to Top 3%; Philips Slumps 4.8%

Arthi Gupta
18 Oct, 2010
New York City

The European indexes advanced after Citigroup reported better than expected earnings and Bundesbank forecasted German GDP growth to exceed 3% in 2010. Trichet rejected calls to scrap ECB bond buying. Italy current account deficit rose in August.

U.S. Stocks Higher; Industrial Production Declines

Arthi Gupta
18 Oct, 2010
New York City

U.S. stocks traded lower after Citigroup quarterly sales and net rose. St. Jude Medical agreed to buy AGA Medical for $1.3 billion including debt. Northeast Utilities agreed to acquire NSTAR in all stock $9.5 billion deal.

India Movers: L&T, Godrej Properties, HDFC Bank, ONGC

Mukesh Buch
18 Oct, 2010
New York City

Larsen & Toubro increased more than 1% after its second quarter net from operations increased 19.6%. Godrej Properties declined 3.6% after quarterly net fell 26.4%. HDFC Bank second quarter net surged 21.6%.