Market Update

Japan Revises GDP Growth to 5%

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
10 Jun, 2010
New York City

Indexes in Japan gained with the broader Topix index gaining for the first time in a week, after the first quarter GDP expansion estimate was lifted to 5% from the previous read of 4.9%.

Australian Employers Add Jobs

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
10 Jun, 2010
New York City

Stocks in Australia gained after employers in Australia added nearly net 27,000 jobs in May than in April, giving a boost to consumer incomes.

UK Indexes Gain On China Exports Report

Arthi Gupta, Mayank Mehta and Sanjay Barot
09 Jun, 2010
New York City

The UK indexes traded higher after Reuters reported a surge in China''s total exports in May, ahead of the data''s official release on Thursday. Allscripts and Eclipsys to merge in an all-stock deal valued at $1.3 billion. Autonomy to acquire CA Technologies Information Governance business.

Take-Two, Navistar Rise; Amazon.com Falls

Mayank Mehta
09 Jun, 2010
New York City

Pall Corporation led gainers in the S&P 500 index with a rise of 9.7%. Ciena net loss narrows and third quarter sales target beats view. Take-Two swings to profit for second quarter.

China Exports Boost European Markets

Arthi Gupta, Mayank Mehta and Sanjay Barot
09 Jun, 2010
New York City

European markets rise after exports from China rose 50% in May. Dubai-based Emirates Airline places $11.5 billion order with Airbus for an additional A380 aircraft. Spain-based Banco Santander to buy back Bank of America''''s 24.9% stake in its Mexican unit for $2.5 billion.

Bond Yiels Rise in India

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
09 Jun, 2010
New York City

A private panel headed by HDFC chief Deepak Parekh has asked the government to change rules to allow the recommended debt fund of $10 billion for financing infrastructure projects in India to use untapped resources from pension and insurance funds.

U.S. Stocks Advance; Allscripts, Eclipsys Merger

Arthi Gupta, Mayank Mehta and Sanjay Barot
09 Jun, 2010
New York City

U.S. stocks gain as exports in China boom, European markets advanced ahead of the Agricultural Bank''''s IPO, and mixed trading was seen in the Asian markets. IMF Deputy Managing Director Naoyuki Shinohara said the global outlook remains unusually uncertain and downside risks have risen significantly.

Indexes in China Rise after Exports Surge

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
09 Jun, 2010
New York City

Stocks in China gained most in two weeks after a Reuter report indicated a surge in exports and higher than estimated new loans.

Home Loan Approvals Drop in Australia

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
09 Jun, 2010
New York City

Australia

Machinery Orders Rise in Japan

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
09 Jun, 2010
New York City

The stocks in Japan fell on global worries despite stronger than estimated machinery orders in April. The stocks declined even after Prime Minister Naoto Kan pledged yesterday to help revive the economy hamstrung by persistent deflation and a huge public debt.

Manitowoc Q1 2010 Earnings Call Transcript

123jump.com Staff
09 Jun, 2010
New York City

Sales fell 29.7% to $721.9 million & net loss was $23.2 million or 18 cents a share. Net sales fell $117 million or 14% from the 4th quarter of 2009 consolidated operating margins before amortization and one time items were 5.9% versus 6.9% in the 1st qtr of 2009 & 6.1% in the 4th quarter of 2009.

FTSE Slides; ABB To Buy Chloride Group

Arthi Gupta, Mayank Mehta and Sanjay Barot
08 Jun, 2010
New York City

UK stocks decline after rating agency Fitch says the country needs a strong medium term fiscal consolidation strategy. Switzerland-based ABB to buy UK-based Chloride Group for $1.25 billion.

Emulex, Tellabs Decline; Corning, Depomed Gain

Mayank Mehta
08 Jun, 2010
New York City

Anadarko Petroleum Corporation led the decliners in the S&P 500 index with a loss of 5.27%. DuPont wins USDA approval for new soy bean. McDonald''s global May comparable sales rose 4.8%. Dollar General net income increases by 64%.

European Markets Fall; Estonia Joins Euro-Zone

Arthi Gupta, Mayank Mehta and Sanjay Barot
08 Jun, 2010
New York City

European markets decline amidst concerns of a sovereign debt crisis. EU Finance Ministers approve Estonia''s entry into the euro-zone. Switzerland-based ABB agrees to acquire UK-based Chloride Group for $1.25 billion.

China Indexes Rally; HK Auctions Third Plot

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
08 Jun, 2010
New York City

Stocks in China fluctuated but closed higher led by gains in consumer and technology companies pushing the benchmark index up from a 13-month low. Hong Kong stocks also rose after a report showing German factory orders rose in April.