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Political Deadlock in UK; Weak Pound

Arthi Gupta, Mayank Mehta and Sanjay Barot
11 May, 2010
New York City

U.K. stocks weaken as doubts persist over the implementation of the European Union''s bailout package. Commodity stocks decline as metal and oil prices fall. Political deadlock continues in the UK but the prospects of a Lab-Lib alliance improve. The UK output rises 2.0% in March.

Markets Cool in Europe on Bailout Conditions

123jump.com Staff
11 May, 2010
New York City

European stocks fell amid concerns the proposed $1 trillion rescue package may not offer a long-term solution to the region''s fiscal woes. The euro fell to 4-day low. Wholesale price index for April rises 6% Germany. Deutsche Post AG profit rises 85%.

GameStop, Priceline Fall; Fossil Rises

Mayank Mehta
11 May, 2010
New York City

GameStop Corp led the decliners in the S&P 500 index with a loss of 13.8%. McDermott profit and sales declined. LDK Solar swings to profit . Fluor profit dips on lower oil and gas business. MBIA swings to net loss in first quarter.

U.S., Global Stocks Decline; EU Worries

Arthi Gupta, Mayank Mehta and Sanjay Barot
11 May, 2010
New York City

Global and U.S. stocks decline amid doubts whether the plan proposed by the EU and the IMF will be sufficient to revive the European markets. The dollar gained against all major currencies and crude oil prices dipped below $76 a barrel. priceline.com quarterly profit surges.

India's Exports Surge; 3G Auction Reaches $1.4 B

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
11 May, 2010
New York City

Stocks in Mumbai traded lower after a surge tracking global markets rebound. The ongoing 3G spectrum auction prices reach a record $1.4 billion. Exports in March soared 54%, fifth monthly increase in a row but declined 4.7% in the fiscal year ending in the month.

Inflation and Property Prices Rise in China

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
11 May, 2010
New York City

Stocks in China region declined after inflation accelerated in April. Producer prices and consumer prices gained and new lending remained elevated. Property prices in the month soar 12.8% in the month. Hong Kong land auction was completed at 33% discount to the assessed value.

McDonald's Q1 Earnings Call Transcript

123jump.com Staff
11 May, 2010
New York City

Sales up 10.4% to $5.61 billion & net income up 11.3% to $1.09 billion or $1.00 a share. Comp. sales rose 1.5% & operating income up 12%. U.S. company operated margins rose 210 basis points to 20.4%. Lower food & paper costs have allowed to continue to grow margin while the line on price increases.

Nikkei Drops; Mizuho $11 B Offering

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
11 May, 2010
New York City

Stocks in Japan closed lower after Mizuho Financial plans to raise as much as $11 billion. Investors also worried that a rising inflation in China will crimp exports to the fastest growing economy in the world. Bank of Japan stops injecting funds into the market.

Australia Closes Lower on Miner's Tax Proposal

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
11 May, 2010
New York City

Stocks in Australia declined on the prospects of higher tax on mining companies. Investors also focused on rising inflation in China and surmised that the latest $1 trillion bailout to EU member nations may not be enough. Asciano group expects A$1.1 billion write down.

UK Rates and Bond Plan on Hold

Arthi Gupta
10 May, 2010
New York City

The Bank of England on Monday decided to hold its interest rate at a record low and maintain its bond purchase program at

Large EU Bailout Fuels Sharp Market Rebound

Arthi Gupta, Mayank Mehta and Sanjay Barot
10 May, 2010
New York City

European markets rebound sharply after the EU offered a large financial package to troubled member nations and altered the way the region manages its finance. Indexes soared in Spain, Portugal and France and banks surged in the sharpest one day gain in more than two years. The euro added 1.5%.

BHP, Rio, GE Rise; Moody's, Dean Foods Fall

Mayank Mehta
10 May, 2010
New York City

Aflac Incorporated led gainers in the S&P 500 index with a rise of 12.9%. Dean Foods suspends full-year view after the latest quarterly profit declined. Tyson Foods net exceeds profit target. NRG Energy net down 71% on fewer derivatives gains.

U.S., European Indexes Soar; Large EU Stimulus

Arthi Gupta, Mayank Mehta and Sanjay Barot
10 May, 2010
New York City

The indexes in Europe and U.S. rebounded sharply after the EU leaders committed $960 billion to support lending to member nations. The move designed to avert a widening crisis in the region and support the euro, managed to restore the sentiment at least for now.

FTSE Surges 4.6%; Vedanta, Anglo American Deal

Arthi Gupta, Mayank Mehta and Sanjay Barot
10 May, 2010
New York City

U.K. stocks surged after the European Union offered a large package to stem widening financial crisis. Bank of England holds key rate and bond purchase plan. Vedanta Resources plc agrees to acquire zinc assets from Anglo American Plc. Qatar based fund acquires the department store Harrods.

World Markets Rally; Dow Jumps 3.9%

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
10 May, 2010
New York City

The Dow soared 3.9%, the S&P 500 index jumped 4.4% and the Nasdaq index jumped 4.8%. Markets in Brazil, Canada and Mexico surged as well. Spain led the gainers in Europe after the index soared 14%. Copper and crude oil rebounded.

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