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Australian Stocks and Dollar Trade Higher

Chandrasekhar Atreya
11 Oct, 2010
New York City

Australian shares closed higher to touch a new five-month high and the dollar firmed after the IMF meeting in Washington failed to produce a consensus. Home loan approvals rise in August. QR National IPO will be the largest offering after Telstra.

World Markets Close Higher in Volatile Trading; Currency Talks

Bikram Pandey
08 Oct, 2010
New York City

U.S. stocks closed higher today and for the week closed up. The S&P 500 index increased 1.7% and the Nasdaq gained 1.3%. Gold surged 2% and the dollar declined against the most currencies ahead the world financial leaders talks this weekend.

Intrepid Potash, CF Industries and Mosaic Soar on Corn Outlook

Devan Biswas
08 Oct, 2010
New York City

U.S. stocks trade higher after the release of jobs report. Retailers edge up for the second day after the release of same store sales data. Agro-complex stocks soar after the release of weaker than expected corn crop outlook.

U.S. Payrolls Fall; Alcoa, Micron Net Rises

Arthi Gupta
08 Oct, 2010
New York City

U.S. stocks declined after employment fell by 95,000 jobs in September and consumer credit dropped more than estimated in August. Alcoa quarterly earnings fell 21% to $61 million and Micron swung to a profit of $342 million.

Vehicles Sales in India Surge

Chandrasekhar Atreya
08 Oct, 2010
New York City

Indian stocks retreated for a second day and declined for the week after rising for the five weeks in a row. Vedanta offer gets overwhelming shareholder approval from Cairn India takeover at $8.5 billion. Total vehicles sales soar 21.6% in September.

Shanghai Surges 3%; New Property Curbs

Chandrasekhar Atreya
08 Oct, 2010
New York City

Stocks in Shanghai rallied to a 4-month high after a long holiday period. The stocks were supported after manufacturing and services expanded at a faster pace in September. Shanghai introduces one house per family policy like in Beijing, to curb property speculations.

Shanghai Surges 3%; New Property Curbs

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

Stocks in Shanghai rallied to a 4-month high after a long holiday period. The stocks were supported after manufacturing and services expanded at a faster pace in September. Shanghai introduces one house per family policy like in Beijing, to curb property speculations.

Nikkei Struggles as the Yen Rises

Chandrasekhar Atreya
08 Oct, 2010
New York City

Stocks in Japan declined as the yen traded at elevated level. Cabinet approves higher stimulus plan. Total liabilities of failed companies, with at least 10 million yen of debt, surged 360% in September. Current account surplus shrinks in August for the first time in more than a year.

Sydney Stocks and Aussie Dollar Falls

Chandrasekhar Atreya
08 Oct, 2010
New York City

The Sydney index traded for a second day in a row in a narrow range. The Australian dollar reached to a new intra-day high of 99.18 U.S. cents. QR National finalizes a $3 billion loan ahead of its float. Coal miner Northern Energy spurns a takeover offer from New Hope.

UK Home Price Inflation Eases; GDP Growth Slackens

Arthi Gupta
08 Oct, 2010
New York City

The UK indexes slid after GDP growth slackened in the third quarter. The UK producer prices rose and home price inflation eased in September. Sempra and RBS agreed to sell its commodities trading venture to JPMorgan for $220 million.

World Stocks, Commodities Fall; Dollar in Focus

Bikram Pandey
07 Oct, 2010
New York City

World financial markets are focused on the fate of the dollar after this weekend meeting. The dollar rebounded today but stocks and bonds struggled. The U.S. Treasuries yielded record low rates. Central banks in Europe and UK left rates on hold.

Abercrombie Rises; Marriott, Immucor Fall

Devan Biswas
07 Oct, 2010
New York City

U.S. stocks edged lower as the dollar bounced around. Retailers traded higher after the September same store sales were ahead of expectations. Abercrombie & Fitch and American Eagle Outfitters and Dillard gained. Immucor, Inc plunged 18% after it reported flat earnings.

UK Home Prices Slump; BP, SOCAR Deal

Arthi Gupta
07 Oct, 2010
New York City

The UK indexes rose after the BoE held key rate at 0.5% and quantitative easing at

ECB Holds Rate; Renault Surges 5.7%

Arthi Gupta
07 Oct, 2010
New York City

The European indexes gained after German industrial production accelerated in August. The ECB retained key rate at 1% for the seventeenth straight month. The EU outlined future financial sector taxation plans. French trade deficit widened in August.

Jobless Claims Fall; PepsiCo Sales Surge

Arthi Gupta
07 Oct, 2010
New York City

U.S. stocks traded sideways after weekly jobless claims fell 11,000 to 445,000. Robbins & Myers agreed to buy T-3 Energy for $422 million. Marathon inked deal to sell majority of Minnesota downstream assets for $900 million. PepsiCo revenue surged 40% to $15.5 billion.

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