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Market Update

European Indexes Gain; Aegon Debt Repayment

Arthi Gupta
17 Aug, 2010
New York City

The European indexes gained on positive earnings. China holdings in U.S. Treasury notes fell for the second month. Euro-zone current account deficit narrowed in June. German economic sentiment fell. Aegon agreed to repay

U.S. Stocks Up; Wal-Mart Net Rises

Arthi Gupta
17 Aug, 2010
New York City

U.S. stocks rose on better-than-estimated earnings from Wal-Mart and Home Depot. Producer Prices rose 0.2% and housing starts increased 1.7% in July but homebuilder confidence fell in August. Potash Corp. board rejected BHP Billiton''s $130 per share proposal.

Trade Deficit in India Rises to $13 B in July

Chandrasekhar Atreya
17 Aug, 2010
New York City

Stocks in Mumbai closed nearly flat after fluctuating through the day. Exports in July grew at the slowest pace in six months and trade deficit widened to $13 billion. Sakthi Sugar will export sugar to Pakistan through Paris-based Sucden.

China Stocks Gain; July FDI Surges 20%

Chandrasekhar Atreya
17 Aug, 2010
New York City

Stocks in China gained for the third day after Shanghai industrial production expanded at 23.7% and international investments increased 20% in the first seven months. China cut is U.S. Treasury debt holdings. Overseas mergers and acquisitions by China based companies in first half surged 50%.

Nikkei Slips; Talks of Additional Stimulus

Chandrasekhar Atreya
17 Aug, 2010
New York City

Stocks in Japan fell further dropping below the lows of July 1. Prime Minister contemplates additional stimulus. Kawasaki Kisen orders seven new midsize cargo vessels. The government plans to build new jumbo nuclear reactors and also look for exports sales.

Sydney Rallies; Woodside Finds Gas

Chandrasekhar Atreya
17 Aug, 2010
New York City

Stocks in Australia rallied on earnings optimism. RBA said it is comfortable with its interest rate policy as economic growth and inflation are within its target range. Coal Exports from Newcastle Port drops in the week ended August 16. Woodside discovers two new offshore gas fields.

World Stocks Down; U.S.Teasuries, Gold Rise

123jump.com Staff
16 Aug, 2010
New York City

U.S. stocks traded sideways and gold rose after Japan reported slower than expected economic expansion in the latest quarter. Education stocks plunge. Euro-zone inflation rose to 1.7% in July and rating agency turned negative on the banking system in Slovakia. UK home prices edge lower.

Corinthian, Apollo Group, ITT Educational Plunge

123jump.com Staff
16 Aug, 2010
New York City

U.S. stocks traded sideways and private education providers dropped sharply after the U.S. Department Education raised loan repayment concerns. Capella, ITT Educational Services, Corinthian Colleges and Strayer Education Inc plunged more than 15%.

UK Home Prices Fall; Vedanta $9.6 B Deal

Arthi Gupta
16 Aug, 2010
New York City

The UK indexes fall tracking losses in energy stocks. The UK commercial property price growth slackens in July and home prices drop 1.7% in August. Aviva confirmed rejection of RSA

European Indexes Fall; Euro-zone Inflation Rises

Arthi Gupta
16 Aug, 2010
New York City

The European indexes declined after a fall in financial stocks. Euro-zone inflation rose 1.7% in July. Moody''s rated negative outlook for Slovakia''s banking system and industrial new order growth eased in June. Italy current account deficit narrowed in June.

Dell to Buy 3PAR; U.S. Stocks Drop

Arthi Gupta
16 Aug, 2010
New York City

U.S. stock trade lower after Japan reported second quarter GDP expanded at 0.1%. China, now the second largest economy in the world after Japan recorded smaller GDP in the second quarter. Dell agreed to buy 3PAR for $1.15 billion. Lowe''s earnings rose 9.6% but lowers forecast.

Sensex Falls; Vedanta, Cairn in $8.5 B Deal

Chandrasekhar Atreya
16 Aug, 2010
New York City

Stocks in Mumbai traded lower on mixed earnings and weak global markets sentiment. Wholesale inflation declined to a six month low in July after food price inflation fell. Vedanta agrees to buy as much as 60% stake in Cairn India. SKS Microfinance surges 18% on first day in trading.

China Stocks Gain; Japan Trails China

Chandrasekhar Atreya
16 Aug, 2010
New York City

Stocks in China gained the most in a week led by healthcare and banking companies while those in Hong Kong echoed mainland sentiments and gained modestly. China

Nikkei Slips; GDP Growth Slows to 0.1%

Chandrasekhar Atreya
16 Aug, 2010
New York City

Stocks in Tokyo trading declined after June quarter GDP expanded at 0.1%, slower pace than the previous quarter. The quarterly GDP also fell below that of China

Sydney Stocks Fall; AWB Surges 29%

Chandrasekhar Atreya
16 Aug, 2010
New York City

Stocks in Australia fell on U.S. ahead of uncertainty in federal election. U.S. based Agrium Inc offered 50% more for AWB Limited that may force Canada based GrainCorp to revise its offer. Newcrest Mining second half profit jumps threefold.