123jump.com Staff
07 May, 2009
New York City
The results of stress tests released this evening may not quiet the debate about the methods of tests and if banks are adequately capitalized. The regulators asked ten of the nineteen banks to raise $75 billion by November and indicated that most banks are healthy to withstand adverse economy.
123jump.com Staff
07 May, 2009
New York City
U.S. stocks opened higher on comments from Treasury Secretary but closed lower ahead of stress-test results. The central banks in Europe and England took accommodative stance to the economy. The ECB lowered rates and BoE increased its plan to purchase government debt and kept the rate unchanged.
123jump.com Staff
07 May, 2009
New York City
UK stocks closed flat after the Bank of England left its key rate unchanged and the ECB lowered its rate to 1%. The Bank of England said that it will increase its purchase of government debt by
123jump.com Staff
07 May, 2009
New York City
Australian stocks surged after the unexpected fall in the unemployment rate and a rise in international prices of metals and energy. The Australian dollar gained against most currencies after the unemployment rate declined to 5.4% in April and crude oil price jumped above $56 a barrel.
123jump.com Staff
07 May, 2009
New York City
Stocks in Japan closed higher on optimistic view of the global economy, rising commodities prices and freight rate index. Investors bid up stocks after three days of holiday and on the view that U.S. banks will not be nationalized.
Mayank Mehta
07 May, 2009
New York City
Prudential Financial led gainers in the S&P 500 index with a rise of 19.2%. AAON, Inc first quarter profit increase beats estimates. Churchill Downs first quarter swings to loss. Cornerstone Therapeutics first quarter profit surges.
123jump.com Staff
07 May, 2009
New York City
Stocks in Mumbai trading closed higher led by a rise in metals and energy related companies. Shipping companies surged after China reported a record surge in iron ore exports in April. Realty companies and banks increased on the optimism that banks are willing to increase lending to developers.
123jump.com Staff
07 May, 2009
New York City
The ECB lowered its key lending rate to 1% and the Bank of England left its key rate unchanged at 0.5%. The central banks are now focused on providing additional liquidity through direct lending and purchasing government debts.
123jump.com Staff
06 May, 2009
New York City
U.S. stocks rallied on the hopes that most banks will not require additional capital. Hover, the optimism may be misplaced if unemployment surpasses 10% and economy weakens beyond the third quarter. Crude oil surged above $55 a barrel and gold and copper closed higher.
123jump.com Staff
06 May, 2009
New York City
European markets focused on the earnings and global economic recovery. The service industry in Europe and in UK declined at a slower pace in April. The European Parliament passed the law to tighten regulations for banks and will require member nations to implement before 2011.
123jump.com Staff
06 May, 2009
New York City
UK stocks advanced on a rise in metals and mining companies. Ahead of Bank of England rate decision tomorrow, investors focused on the economic condition beyond recession. Service industry decline appears to stabilize and consumer confidence is on the rebound. British Air traffic increased in April.
123jump.com Staff
06 May, 2009
New York City
Stocks in Hong Kong and Shanghai rallied on the hopes that banks will report better than expected earnings. Alibaba.com earnings fell after it increased marketing expenses and offered cheaper subscriptions to its Web site.
Mayank Mehta
06 May, 2009
New York City
General Motors Corporation led the decliners in the S&P 500 index of 15.1%. Atmel Corporation first quarter profit falls by half on sharp revenue dip. Acorda Therapeutics, Inc first quarter net loss widens. Centex Corporation narrows fourth quarter losses.
123jump.com Staff
06 May, 2009
New York City
Stocks in Mumbai declined on the election jitters and worries that recent rally may have stretched valuations too high. in volatile trading, stocks in the final hour fell. Banks, financial services and steel makers led the decliners.
123jump.com Staff
06 May, 2009
New York City
The private sector shed less than 500,000 jobs in April. Bank of America is said to need $34 billion to meet its regulatory capital requirements and Citigroup may need $40 billion. Markets are expected to be volatile this afternoon in anticipation of stress-test results after the close.
