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Yen Strength Worries Japan Investors

123jump.com Staff
17 Nov, 2009
New York City

The services demand falls 0.5% in September. Tokyo condo prices drop 0.2% in October. Stocks in Tokyo struggle after the dollar dropped below 89 yen. Electronics exporters, shippers and automakers were on the decline.

European Markets Down; Accor Up

Mayank Mehta
17 Nov, 2009
New York City

European markets closed lower with weak energy and metal prices. Accor SA, the largest European hotel operator surged after the company set a deadline to split its service business.

Global Markets Rest; Weak Dollar

Mukesh Buch
17 Nov, 2009
New York City

U.S. stocks traded sideways and the markets in Europe closed lower. Markets in Asia struggled after a four week rally in the region following better than expected earnings. Dollar hovered near its yearly low and gold raced to a new high.

UK Stocks Decline With Lower Commodities

Mayank Mehta
17 Nov, 2009
New York City

UK stocks edged lower after metals and energy prices edged lower. Big Yellow Group reported larger first-half profits. Burberry Group raises first-half dividend as profit meets estimates. The British Land Co sees improving trends. EasyJet plc full-year profit drops 14.4%.

Home Depot, Target, Sina in Focus

Mayank Mehta
17 Nov, 2009
New York City

Jacobs Engineering Group Inc led the decliners in the S&P 500 index with a loss of 12.1%. The Home Depot, Inc third quarter profit falls 9% but ahead of expectations. Target net increase 18% and sales rise 1.4%.

Australian Stocks Track Lower

Darlington Musarurwa
17 Nov, 2009
New York City

The index of business confidence in Australia gains in September. Reserve Bank of Australia noted uncertain outlook for the interest rate increase. Stocks declined. China approves Baosteel

Software Services Stocks Lead Gainers in India

Mayank Mehta
17 Nov, 2009
New York City

Stocks in Mumbai traded higher. Amtek Auto jumps 14% after it repurchased bonds. Jaiprakash Associates plans to sell 60 million shares in its subsidiary. Tata Steel plans to increase iron ore output.

Stocks Struggle, Wholesale Prices Rise

Mukesh Buch
17 Nov, 2009
New York City

European stocks traded lower and Asian markets closed lower after Fed Chairman Bernanke gave a cautious outlook. U.S. commercial real estate loans of $500 billion annually are due for the next few years. Wholesale prices in October increased 0.3%. Euro-zone September surplus was 3.7 billion euros.

Lonmin, Persimmons, Rolls Royce Rise

Mayank Mehta
16 Nov, 2009
New York City

UK stocks closed higher on a rally in commodities and metals. Miners including Xstrata Plc, Antofagasta and Lonmin gained. Persimmons new home bookings surged 50% from a year ago. Rolls Royce gained on new orders.

DAX Index Lead European Markets; Auto Sales Up

Mayank Mehta
16 Nov, 2009
New York City

European markets closed higher on the back of global markets news. The German market benchmark index led the gainers with a rise of 2%. European auto sales increased 11.2% in October as incentives lift local demand.

Sensex in India Gains 1%; UltraTech Merger

Mayank Mehta
16 Nov, 2009
New York City

Stocks in Mumbai gained on the back of a rally in Asian markets. UltraTech, the largest India based cement maker absorbs its subsidiary Samruddhi Cement. Rupee edges higher against the dollar.

China Industrial Production to Rise 16%

Darlington Musarurwa
16 Nov, 2009
New York City

Industrial output in China is expected to rise 16% in November. Foreign direct investment increased 5.7% to $7.1 billion in October. China and Taiwan sign an agreement to increase access to banks, insurance and brokerages.

Japan Q2 GDP Rise 4.8%; Hitachi Falls

Darlington Musarurwa
16 Nov, 2009
New York City

Japan

Aussie Dollar, Stock Firms on APEC Comments

Darlington Musarurwa
16 Nov, 2009
New York City

Australian stocks rose 1% spurred by commodity stocks as gold prices soared 0.9% to $1,116 per ounce. Asian markets closed higher after 21-member Asia-Pacific Economic Cooperation group agreed to keep economic stimulus in place until the economy recovers to a sound footing.

U.S. Stocks, Gold Rally; Dollar Drops

123jump.com Staff
16 Nov, 2009
New York City

U.S. stocks rallied on the back of October retail sales data. Retailers led the gainers. The dollar declined to 15-month low and gold surged to a record high in 27 years. Energy complex stocks increased.

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