Market Update

UK Indexes Dip; Taylor Wimpey Soars

Arthi Gupta
03 Aug, 2010
New York City

The UK indexes declined tracking lower commodity prices. The UK construction sector activity eased in July. Cameron and Clegg pledge for working towards economic recovery in the UK. BP Plc agrees to sell Colombian business to Ecopetrol and Talisman.

European Markets Decline; BMW Net Surges

Arthi Gupta
03 Aug, 2010
New York City

European markets fall after bank stocks decline. Euro-zone wholesale inflation eases 0.3% in June. Spanish unemployment declines for the fourth consecutive month as consumer confidence improves in July. Swiss consumer prices fall for third month. Sanofi-Aventis is in talks to acquire Genzyme.

U.S. Stocks Lower; Sanofi, Genzyme Merger Talk

Arthi Gupta
03 Aug, 2010
New York City

U.S. stocks fall after Procter & Gamble Co reported a decline in earnings. Personal income rises 0.1% in June. MetLife announces offering of 75 million shares and $3 billion in senior debt. Sanofi-Aventis is in talks to acquire Genzyme for $20 billion.

SKS Microfinance in India Oversubscribed

Chandrasekhar Atreya
03 Aug, 2010
New York City

Stocks in Mumbai traded higher after positive earnings and Coal India prepares for its public offering. SKS Microfinance IPO was oversubscribed nearly 14 times. NMDC reports 100% jump in first quarter profit. Adani plans to import 400,00 tons of coal.

Shanghai Declines; Home Sales Fall

Chandrasekhar Atreya
03 Aug, 2010
New York City

Stocks in China fell on a weakness in banks while in Hong Kong edged higher. Shanghai new home sales slowed in July. Geely Holdings completes $1.5 billion acquisition of Volvo. A new Foxconn facility starts production of iPhones in Henan Province.

Resource Stocks Lead Gainers in Tokyo

Chandrasekhar Atreya
03 Aug, 2010
New York City

Stocks in Japan gained on earnings outlook. Funai Electric Co first quarter net drops. Toyota appoints lead lawyer against class action lawsuit in the U.S. J-Power plans to replace two ageing coal-fired power plants in Hiroshima prefecture.

Rates in Australia on Hold; Sydney Gains

Chandrasekhar Atreya
03 Aug, 2010
New York City

Stocks in Australia traded higher on offshore leads after RBA left interest rate unchanged. Building approvals falls in June. Linc Energy stops trading of shares till August 5. Aston Resources IPO started on Monday.

S&P Up 2.2%; World Markets Soar

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

U.S. stocks surged after the latest report in manufacturing industry and construction spending and positive earnings. Market indexes traded as high as 2.1% and crude oil rallied. The dollar edged lower against the pound and the euro. Earnings from HSBC, BNP Paribas and Humana lifted sentiment.

RiM, Visa Fall; BofA, Citi Rise

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

U.S. stocks traded sharply higher after manufacturing expanded and positive earnings reports. S&P 500 index extended gains of 6.9% in July by another 1.6%. Banks traded higher in the U.S. and in Europe after HSBC reported pre-tax profit doubled.

UK Indexes Surge 2.6%; HSBC Soars

Arthi Gupta
02 Aug, 2010
New York City

The UK indexes soar after HSBC first-half profit more than doubles. The UK manufacturing index dips in July. Irish manufacturing sector slows in July. BP establishes $100 million fund through Baton Rouge Foundation and is gearing to permanently seal ruptured oil well in the Gulf of Mexico.

European Indexes Up; BNP Soars 5%

Arthi Gupta
02 Aug, 2010
New York City

The European markets surge after BNP Paribas and HSBC reported upbeat results. Euro-zone and German manufacturing indexes rise to a three-month high but the index for France drops to 10-month low in July. Swiss retail sales fall in June.

U.S. Stocks Rise; Geely, Ford Deal

Arthi Gupta
02 Aug, 2010
New York City

U.S. stocks gain after better-than-estimated earnings. BP establishes $100 million fund and prepares to permanently seal leaking oil well. Geely completes the purchase of Volvo Car Corp. for $1.8 billion. The UAE joins Bahrain and India and may suspend BlackBerry messaging services from October.

Sensex Gains; ICICI Q1 Net Rises 17%

Chandrasekhar Atreya
02 Aug, 2010
New York City

Stocks in Mumbai gained the most in a month and a half led by the positive results of ICICI Bank. SEBI allows currency options on dollar-rupee exchange rate direction. Consumer Price Index for industrial workers rises in June. Berger Paints expands to double capacity.

China Surpasses Japan; Auto Sales Up 15%

Chandrasekhar Atreya
02 Aug, 2010
New York City

Stocks in China region rose extending the best monthly gain in one year on policy outlook. China overtakes Japan as the world

Nikkei Gains; July Vehicle Sales Up 15%

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

Stocks in Japan gained on earnings outlook. Former central bank deputy governor said targeting inflation is not the correct way to end deflation. Monthly wages rises in June. Sales of cars, trucks and buses rise 15% in July from a year earlier led by Toyota Motor and Honda Motor Co.