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Beckman Declines; A123 Systems, Sohu Rise

Mayank Mehta
26 Jul, 2010
New York City

Beckman Coulter, Inc. led the decliners in the S&P 500 index with a loss of 21.1%. Clorox to sell its auto care products for $750 million. Lorillard second quarter net fall 8% on flat sales.

European Markets and Banks Up

Arthi Gupta
26 Jul, 2010
New York City

The European markets gain after banking stocks rebounded on results of the stress tests. The CEBS accuses German banks of not furnishing full debt details. The economic index of the euro-zone rises in June. The Economy Minister of Germany estimated economy to expand at 2% in 2010.

UK Indexes Rise; BP CEO Replacement

Arthi Gupta
26 Jul, 2010
New York City

The UK indexes advance tracking gains in the U.S. indexes. The UK home prices fall 0.1% in July and the Bank of England noted that corporate debt markets deteriorated slightly. The UK Treasury awards more regulatory powers to the central bank.

U.S. Stocks Struggle; Lorillard Net Falls

Arthi Gupta
26 Jul, 2010
New York City

U.S. stocks trade lower and better than expected bank stress test results in Europe. Obama urged the U.S. Senate for an early passage of the small business bill. BP provided an update on the Gulf of Mexico oil spill and the oil giant reiterated there were no potential changes to management.

Sensex Retreats; Maruti Net Drops 10%

Chandrasekhar Atreya
26 Jul, 2010
New York City

Stocks in Mumbai traded lower on weaker than expected earnings from Maruti. Monsoon gains momentum. SKS Microfinance lifted its price range for public offering. EIL declined 13% after the company priced secondary offering below current market price.

China Stocks Gain; 23% Loans Default Worries

Chandrasekhar Atreya
26 Jul, 2010
New York City

Stocks in China region rallied after investor sentiment gained on improving global economic outlook. Banks in China may struggle to recoup about 23% of the 7.7 trillion yaun loans for local infrastructure projects. Trading of Zijin Mining stocks have been suspended in Hong Kong and Shanghai.

Nikkei Rallies; Trade Surplus Rises 41%

Chandrasekhar Atreya
26 Jul, 2010
New York City

Stocks in Japan rallied strongly on positive earnings outlook. Japan

Sydney Rallies; Smaller Gains in Inflation

Chandrasekhar Atreya
26 Jul, 2010
New York City

Stocks in Australia started on a bright note and sustained the gains buoyed by optimism in U.S. and Europe. PPI rises less than expected due to falling cost of vehicles and meat. Pre-Election Economic & Fiscal Outlook released. NAB sells 100 billion yen of five-year Samurai bonds.

U.S. Stocks Up; 7 Banks Fail Test in Europe

123jump.com Staff
23 Jul, 2010
New York City

U.S. stocks traded higher and on positive earnings and optimism for the second half. McDonald

UK Indexes Fall; GDP Expands 1.1%

Arthi Gupta
23 Jul, 2010
New York City

The UK indexes decline ahead of the European bank stress test. The UK GDP expands 1.1% in the second quarter, mortgage approvals drop in June, and service output sector rises in May. Irish trade surplus expanded in May. BP stalls relief well activities at well site due to adverse weather conditions.

Sensex Gains; India Tax Reforms

Chandrasekhar Atreya
23 Jul, 2010
New York City

Stocks in Mumbai traded higher. RBI allows refinancing of the rupee loans. Finance Minister says the successful implementation of GST will boost India

Chipotle Mexican Grill Gains; Amazon Falls

Mayank Mehta
23 Jul, 2010
New York City

AmeriCredit Corp. led gainers in the S&P 500 index with a rise of 2.6%. Microsoft tops views with 48% profit gain. American Express quarterly net income touches $1 billion. Amazon earnings jump 46% in second quarter. Capital One swings to quarterly net income $608 million.

European Markets Rally; Bank Stress Tests

Arthi Gupta
23 Jul, 2010
New York City

The European markets continued their fourth-day rally. Investors are awaiting the bank stress tests results to be released by European Union regulators later today. Moody

U.S. Stocks Gain; Ford, Schlumberger Net Rise

Arthi Gupta
23 Jul, 2010
New York City

U.S. stocks trade higher after positive earnings momentum and global economic data. The House of Representatives approved the extension of the unemployment benefits. BP suspends relief well drilling operations as Tropical Storm Bonnie nears the Gulf of Mexico.

Shanghai, HK Rally; Everbright Bank IPO

Chandrasekhar Atreya
23 Jul, 2010
New York City

Stocks in China rallied and gained 6% for the week. PBOC wants to peg yuan to a basket of currencies. China Everbright Bank is planning a large IPO in Shanghai. China makes a three year currency swap agreement with Singapore. Real Estate online firm SouFun is planning a large U.S float.

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