ticker

Sensex Rebounds from 1% Loss on Coal India Offering Strength

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

Stocks in Mumbai recovered from the early fall as the Coal India offering received more than thirty percent of subscription. World

China Invests More Abroad; Hang Seng Index Falls 1.2%

Chandrasekhar Atreya
18 Oct, 2010
New York City

In the absence of global events and local economic news stocks declined in Shanghai and Hong Kong. China

Red Hat Q2 Earnings Call Transcript

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

The open source solutions provider quarterly revenue rose 20% to $219.8 million. Net income in the quarter declined 18% to $23.7 million, which included a one-time tax benefit of $7.3 million. Earnings per share fell to 12 cents from 15 cents per share in the year-ago quarter.

Japan Department Stores Sales Decline Again; Stocks Flat

Chandrasekhar Atreya
18 Oct, 2010
New York City

Stocks in Japan closed nearly unchanged and the yen traded at elevated level. Department store sales fell in September for the 31st month in a row. Japanese oil firm Inpex drops its Iran project in order to pursue energy development plans in Australia and other regions.

BHP Billiton, Rio Tinto Cancel Iron Ore Venture, Dollar Eases

Chandrasekhar Atreya
18 Oct, 2010
New York City

Australian shares declined today and the dollar eased from its record high on Friday. BHP Billiton and Rio Tinto formally cancel the Pilbara iron ore venture as it faced regulatory hurdles from Australia, Korea, Japan and EU. Heavy rains in Queensland delays iron ore exports.

U.S. Tech Stocks Rally; Elevated World Resources Stocks

Devan Biswas
15 Oct, 2010
New York City

U.S. stocks edged lower but tech stocks surged nearly 2.7% in the week. Investors stayed on the side lines after the release of mixed U.S. economic data and lower than expected revenues from GE. Banks may face more scrutiny as foreclosure process grinds to a halt. Inflation in Europe rose.

Euro Area Inflation Rises to 22-Month High

Arthi Gupta
15 Oct, 2010
New York City

The European indexes traded mixed after euro-zone annual inflation surged in September and trade balance widened in August. The ECB member Juergen Stark reiterated that monetary policy is appropriate. European car registrations fell in September.

UK Indexes Decline; HSBC Terminated Nedbank Offer

Arthi Gupta
15 Oct, 2010
New York City

The UK indexes fell after weaker-than-expected U.S. economic data. Old Mutual said HSBC terminated offer talks for Nedbank. Metro Baltic Horizons agreed to sell 30.7% interest in Metro Plaza.

Google, Seagate Soar; Gannett, GE Fall

Bikram Pandey
15 Oct, 2010
New York City

Seagate Technology surged on the talks that the company may go private. General Electric declined after quarterly revenues declined 5%. Google soared 10% after it reported higher than expected adjusted earnings. Gannett Co. declined after quarterly revenues trailed market estimates.

Bernanke Talks Stimulus; U.S. Retail Sales Rise

Arthi Gupta
15 Oct, 2010
New York City

U.S. stocks gained after CPI rose 0.1% and retail sales climbed 0.6% in September. U.S. Fed Chairman Bernanke warned prolonged high unemployment would pose a risk to economic recovery. Motorola and Nokia inked 4G licensing agreement.

Sensex Drops 1.8%; Infosys Declares Special Dividend

Chandrasekhar Atreya
15 Oct, 2010
New York City

Indian stocks pared most of the gains made the day before on profit booking. Infosys declared a special dividend but the stock fell on the worries of weakening dollar. Gold and silver reach records as festive season lifts the demand.

Weekly Surge of 9% in Shanghai; FDI Surges 6.1% in China

Chandrasekhar Atreya
15 Oct, 2010
New York City

Stocks in Shanghai soared more than 3% due to record FDI and soared more than 9% in the week. August trade surplus with U.S. reached a record $28 billion. Both property prices and transaction volumes rose in September and regulatory curbs fail to stem the price increase.

Volatile Trading in Tokyo, Strength in Yen and Commodities

Chandrasekhar Atreya
15 Oct, 2010
New York City

In Tokyo trading, stocks remained volatile and dropped after surging the most in the month on Thursday. The yen rose and investors were focused on earnings season beginning next week. Mizuho Financial booked a loss in its preferred shares for Merrill Lynch holding as it converts to Bank of America shares.

Australians Expect Home Prices to Rise; Index Declines

Chandrasekhar Atreya
15 Oct, 2010
New York City

Australian shares recovered early losses following a weak lead and close marginally lower but gained for the week 0.16%. Queensland government starts its own broadband network for Brisbane. Housing price index drops in October but more home owners expects prices to rise in a year.

World Markets Struggle, Record U.S. Home Seizures; Gold Rises

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

U.S. stocks traded sideways after mixed U.S. economic data and trade deficit widened by 8.8%. Banks declined on the worries that a new round of investigation may emerge after the recent foreclosure halts in several states. Home seizures by banks increased 4% in September to more than 100,000.

Market Update