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Fed in Focus, Republicans Gain in Elections

Arthi Gupta
03 Nov, 2010
New York City

U.S. stocks traded higher on optimism that the Fed will announce further monetary easing. U.S. private sector employment rose more than expected in October but refinancing declined despite low interest rates. Aetna net soars 53%. Electronic Arts Inc loss narrowed 49%.

India Movers: CESC, GAIL, Fortis Healthcare, T.V. Today

Mukesh Buch
03 Nov, 2010
New York City

Stock in Mumbai closed higher. CESC Ltd increased 1.7% after net profit rose 23%. GAIL (India) Ltd rose after net profit increased 29.5%. Fortis Healthcare Limited gained 1.4% after net profit surged four-fold. T.V. Today Network Ltd. plunged 4% after net loss of Rs 7.6 crore.

Shanghai Stocks Fear Rate Hike; HK Rallies on U.S. Stimulus

Devan Biswas
03 Nov, 2010
New York City

Stocks in mainland China declined but in Hong Kong increased on the prospects of more stimulus in the U.S. Resource stocks in Shanghai declined on the ongoing rate and tightening worries after the People

Yen Declines, BoJ Decision Awaited

Devan Biswas
03 Nov, 2010
New York City

Tokyo markets are closed today but the yen traded lower from its recent 15-year high in London and other markets. Stocks declined in yesterday

Stocks Climb on the Prospects of Republican Gains; Dollar Drops

Bikram Pandey
02 Nov, 2010
New York City

U.S. stocks rose on the prospect of a landslide win by the Republican Party. The dollar declined on the prospect of gridlock in Washington. Oracle agreed to acquire Art Technology for $1 billion. India and Australia raised interest rates.

Oracle Offers $1 Billion for Art Technology

Devan Biswas
02 Nov, 2010
New York City

Oracle Corp agreed to acquire e-commerce software Art Technology for $1 billion. The acquisitive database software added its ninth target for the year as it expands into Internet and telecom application software.

U.S. Movers: BP, Expeditors International, Energizer, MEMC

Bikram Pandey
02 Nov, 2010
New York City

BP plc gained after it reported third quarter revenues increased 10%. Energizer Holdings, Inc. plunged after quarter sales drifted lower. Expeditors International of Washington, Inc quarterly sales and earnings surged more than 60%.

FTSE Rises 1.1%; Construction Activity Slumps; Imperial Tobacco Net Soars

Arthi Gupta
02 Nov, 2010
New York City

The UK indexes rose on strong earnings. The UK construction activity fell to an 8-month low in October. Irish manufacturing sector expanded but consumer sentiment deteriorated to 17-month low in October. BP net plunged on $7.7 billion pre-tax charge related to the Gulf of Mexico oil spill.

Euro-zone Manufacturing Rebounds; Romania Retained Key Rate

Arthi Gupta
02 Nov, 2010
New York City

The European indexes gained after euro area manufacturing activity improved in October. Romania Central Bank retained key rate at 6.25%. German manufacturing sector expanded and machinery orders surged. French manufacturing PMI dipped in October.

China Stocks Decline on Inflation Fears

Devan Biswas
02 Nov, 2010
New York City

Stocks in China region fell on the worries that government may be forced to raise rates and tighten home lending. Those fears were underscored today as local economists raise the prospect of faster inflation and India and Australia lifted rates today. Commodities prices edged lower.

U.S. Stocks Cautions Ahead of Election, Rate Decisions

Arthi Gupta
02 Nov, 2010
New York City

U.S. stocks traded higher ahead of the two-day Fed meeting and midterm elections. Google sued the U.S. Interior Department over messaging-service contract. GE Capital agreed to sell stake in Garanti Bank to BBVA for $3.78 billion.

India Rate Hikes Fail to Tame Stubborn Inflation

Devan Biswas
02 Nov, 2010
New York City

Stocks traded sideways as the Reserve Bank of India lifted rates for the sixth time this year. The rate hikes have failed to tame elevated food prices and stubborn inflation and record property and asset prices.

India Movers: Bajaj Auto, DLF, Emami, Orbit, PVR

123jump.com Staff
02 Nov, 2010
New York City

Stock in Mumbai closed lower. Bajaj Auto Ltd. rose 1% after sales increased 32%. DLF Limited plunged 3.5% after RBI tightened home lending and raised rates. Emami Limited surged 5.4% after net profit gained 45.3%. GlaxoSmithKline rose 1% after net profit rose 31%. PVR Limited gained 3%.

Stocks Waver Ahead of Election and Fed Meeting

Devan Biswas
01 Nov, 2010
New York City

U.S. stocks struggled as investors guessed the size of Fed stimulus this week. Commodities traded higher as the dollar traded volatile and China reported manufacturing expansion. Ambac Financial Group missed a bond payment and is seeking to file a bankruptcy.

U.S. Movers: Baker Hughes, EXCO, Wilmington Trust

Bikram Pandey
01 Nov, 2010
New York City

Baker Hughes Inc rose more than 5% after earnings exceeded expectations. EXCO Resources Inc soared after chief executive offered to take company private. Fortinet Inc soared on the takeover speculation. Wilmington Trust plunges on a lower than expected buyout offer.

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