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Sensex Gains; TCS Net Rises 24%

Chandrasekhar Atreya
16 Jul, 2010
New York City

Stocks in Mumbai traded higher on earnings outlook. TCS reports first quarter profit surged 24%. Technofab Engineering gained 18% on debut. IOL Chemicals soared on preferential issue plan. UTV Software increased 5% on strong first quarter results.

UK Indexes Fall; Q1 Productivity Rises

Arthi Gupta, Mayank Mehta and Sanjay Barot
15 Jul, 2010
New York City

The UK indexes edge lower after a sharp decline in commodities. The BoE reports a decline in housing equity and Miles reaffirms his loose monetary policy stance. UK first quarter productivity rises. The IMF notes Ireland needs to strengthen its financial stability network.

NBTY, JPMorgan, Marriott Gain; Amazon Falls

Mayank Mehta
15 Jul, 2010
New York City

NBTY, Inc. led gainers in the S&P 500 index with a rise of 44.1%. Eclipsys announces special meeting of stockholders to vote on proposed Allscripts merger. Mylan to acquire Bioniche Pharma global injectable pharmaceuticals business.

European Markets Reversed Earlier Losses

Arthi Gupta, Mayank Mehta and Sanjay Barot
15 Jul, 2010
New York City

The European markets reversed earlier losses tracking gains in the U.S. indices. The ECB notes the euro-zone economy estimated to grow moderately. European new car registrations drop in June. Riksbank observes euro-zone fiscal policy tightening will impact economic growth in Sweden.

Fed Lowered Growth Outlook; JPMorgan Up

Arthi Gupta, Mayank Mehta and Sanjay Barot
15 Jul, 2010
New York City

U.S. stocks gain after JPMorgan reported 76% rise in earnings. The Federal Reserve lowered U.S. economic growth forecast. U.S. Senate votes today on Financial Reforms Bill. U.S. weekly jobless claims fell 29,000 and inflation index declined 0.5% in June. Carlyle Group agreed to acquire NBTY for $3.8 billion.

Fortescue Shipment Up 36%, Sydney Down

Chandrasekhar Atreya
15 Jul, 2010
New York City

Stocks in Australia traded lower echoing market sentiments across Asia. Fortescue

Nikkei Drops; Toyota Confirms Fault

Chandrasekhar Atreya
15 Jul, 2010
New York City

Stocks in Japan fell on retail sales decline in the U.S. Bank of Japan Lowers Forecast for 2012. Nissan halts production for three days in two plants in the U.S. Nippon Telegraph and Telephone Corp plans to buy South Africa

GDP Growth Slows in China Agbank IPO

Chandrasekhar Atreya
15 Jul, 2010
New York City

Stocks in China region declined on mainland

Inflation Worries in India, L&T Up

Chandrasekhar Atreya
15 Jul, 2010
New York City

Stocks in Mumbai fluctuated and ended lower. The latest read on inflation showed another increase Tata Power

U.S. Indexes Mixed, Gains in Asia

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

The U.S. stocks closed mixed after Intel reported better than expected results. Tech stocks in Europe and Asia rallied on the back of Intel results. Retail sales fell and import prices dropped in June. Growing confidence lifted indexes in China region and Australia.

Elevated Inflation in India; Sensex Declines

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
14 Jul, 2010
New York City

Stocks in Mumbai lost and turned negative in late evening trading. The benchmark wholesale price index jumps 10.55% in June. Essar Power agrees to acquire Navbharat Power. Entertainment World Developers is planning an IPO. Piramal sells its diagnostic unit to Super Religare.

China Stocks Rally; Power Demand Growth Slows

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
14 Jul, 2010
New York City

Stocks in China region gained. Power consumption grows at a slower pace in June. Zijin Mining agrees for further investigations to find causes for leak. Shougang Corp is close to buying Tonghua Iron & Steel Group.

Infosys Q1 Profit Declines, Sensex Gains

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
13 Jul, 2010
New York City

Stocks in Mumbai traded higher after fluctuating several times during the day. Infosys reports lower-than-estimated first quarter earnings. Salem Steel plant to produce stainless steel slabs. Parabolic Drugs gets European Union certification for three of its molecules.

Nikkei Drops; Consumer Confidence Rises in June

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
13 Jul, 2010
New York City

Japan stocks fell after China said it will moderate steel production. Consumer confidence climbs in June. Public pension fund of Japan sold more government bond than it bought last year. Nissan will halt production in Japan for three days in July. Sumitomo to increase zinc output in Bolivia by 4%.

China Property Curbs to Stay; Stocks Decline

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
13 Jul, 2010
New York City

Stocks in China region fell after the government confirmed it will maintain property curbs besides moderating steel production in the country. Alcoa expects China to be the biggest consumer of its aluminum in the year. Zijin closes down its copper smelter after its waste water polluted Ting River.

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