ticker

UK Revises GDP Estimate; Gartmore Plunges

Mayank Mehta
30 Mar, 2010
New York City

UK revised its estimate of the fourth quarter GDP growth to 0.4% from 0.3% and current account deficit declined sharply. Gartmore Group Ltd plunged 31% after it suspended a key fund manager. Kazakhmys Plc 2009 profit dropped 39% on lower metals price. Mouchel Group plc swung to a loss in first-half.

Iceland, Greece Worries European Markets

Mayank Mehta
30 Mar, 2010
New York City

European markets closed lower after the rating agency S&P lowered its rating on Iceland debt. Greek bonds declined on the first day of trading on the worries that the nation will struggle with deficit reduction. Swiss Life net declined 20% in 2009.

Rupee Advances in India; Stocks Rest

Mayank Mehta
30 Mar, 2010
New York City

Stocks in Mumbai traded lower after rallying for three days in a row. Rupee advanced to a nearly 2-year high with the steady flows of funds in the stock market. IL&FS Transportation surged 10% on the first day of its trading from its IPO.

Apple, BioFuel Energy Rise; Lennar Drops

Mayank Mehta
30 Mar, 2010
New York City

Apple Inc advanced ahead of the release of iPad this weekend. BJ

Tiffany Q4 2009 Earnings Call Transcript

123jump.com Staff
30 Mar, 2010
New York City

The luxury-jewelry retailer net sales increased 17% to $981.4 million in the quarter. Net quarterly earnings quadrupled 351% to $140.4 million boosted by broad-based growth in the Americas, Asia-Pacific and European regions. Earnings per share rose to $1.10 versus 25 cents a year-ago quarter.

U.S. Home Prices Up 0.3%; UBS Rises

123jump.com Staff
30 Mar, 2010
New York City

Metropolitan home prices in January edged up. Three popular indexes in New York traded higher. Latest 7-year Greek notes declined on the worries that the nation will struggle with the budget deficit cuts. UBS surged after it confirmed first quarter fixed income revenues of $2.3 billion.

Vimpel Q4 2009 Earnings Call Transcript

123jump.com Staff
30 Mar, 2010
New York City

Revenues fell 11.5% to $2.3 billion and net income was $283 million.Consolidated margins improved to more than 49%. OIBDA margin in the 4t qtr was 47.1% which is a substantial improvement compared to 44% OIBDA margin that in the fourth qtr of 2008. Net debt fell by 22% compared to December 2008.

Markets in HK, Shanghai Rise; Geely Up

Mayank Mehta
29 Mar, 2010
New York City

The benchmark indexes in Shanghai and in Hong Kong surged on strong earnings from China Construction Bank and China Resources Land Ltd. Geely completed the purchase of Volvo Cars from Ford Motor Company for $1.8 billion. PetroChina plans $60 billion of overseas expansion.

Confidence Lifts World Markets, Oil and Gold

123jump.com Staff
29 Mar, 2010
New York City

Resurging confidence lifted commodities linked world markets from Canada, Russia, Brazil, to UK and Peru gained. Crude oil, copper and gold advanced after Greece prepared to offer bonds and Dubai guaranteed Dubai World loans.

Australian New Home Sales Fall; Rate Worries

Darlington Musarurwa
29 Mar, 2010
New York City

Reserve Bank of Australian Governor Glenn Stevens noted in an interview that interest rate should return to normal level and cautioned against those speculating in the housing market. Australia

Retail Sales in Japan Soar; Toyota Output Up

Darlington Musarurwa
29 Mar, 2010
New York City

Stocks in Japan declined after trading ex-dividend ahead of year end. Retail sales increased 4.2% in February, the steepest climb in a decade. Toyota domestic output more than doubles in February. Sony sells its minority stake in HBO Latin America to Time Warner.

Luxottica Q4 Earnings Call Transcript

123jump.com Staff
30 Mar, 2010
New York City

Revenues fell 6.4% to

Rupee Gains in Mumbai; DQ Entertainment IPO

Mayank Mehta
29 Mar, 2010
New York City

Stocks and the rupee in Mumbai trading edged higher on the optimistic view on the economy. DQ Entertainment (I) Ltd, the animation and game developer surged 47.5% on the first day of trading in a heavily subscribed IPO. Gayatri Projects secures order of $120 million.

UK AAA Debt Rating Affirmed; Fewer Loans

Mayank Mehta
29 Mar, 2010
New York City

UK mortgage loans in February declined to a nine-month low dragging homebuilders lower in London trading. Standard & Poor

European Sentiment Improves; Ruble Falls

Mayank Mehta
29 Mar, 2010
New York City

European markets closed lower and an index of business and consumer sentiment reached a 22-monthh high. Greece is preparing to launch 7-year bonds. Ruble declined after two terrorist attacks in Moscow.

Market Update