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Australian Dollar, Stocks Rise on Dec Jobs Data

Darlington Musarurwa
14 Jan, 2010
New York City

Australian dollar and stocks gained after the release fourthly monthly jobs gains in December. Unemployment fell 0.1% to 5.5% and business across the economy added staff. Rio Tinto iron ore production surged 49% on China demand.

Japan Stocks Gain on Machine Tools Orders

Darlington Musarurwa
14 Jan, 2010
New York City

Stocks in Japan rose after machine tools orders surged for the first time in eighteen months in December but broader machinery orders declined. Shipping companies surged on the reports that Mitusi OSK will report pre-tax profit of 11 billion yen. Softbank Corp gained.

LaBranche, Domino's Pizza, A123 Systems Rise

123jump.com Staff
14 Jan, 2010
New York City

American Movil plans to issue stocks worth $18 billion to acquire the land line operator Telemex in Mexico. Briggs & Stratton said latest quarterly earnings declined 6%. Zale Corp forced its chief executive after weak holiday sales.

Weak Retail Sales, U.S. Jobless Claims Rise

123jump.com Staff
14 Jan, 2010
New York City

U.S. stocks traded lower after retail sales declined and weekly jobless claims increased. Prices of imported goods were unchanged in December but exported goods increased 0.6%. Briggs & Stratton reported latest quarterly earnings per share of 6 cents and CRA International of 23 cents.

Australian Stocks Struggle; Rents on the Rise

Darlington Musarurwa
13 Jan, 2010
New York City

Lower commodities and unease related to recent China move to increase bank reserve ratios damped the mood in trading. Sydney stocks closed lower. WorleyParsons lowered its earnings outlook and weaker than expected power sales in the U.S. Residential rents are expected to rise in Australia.

Japan Stocks Lower; Bankruptcies Fall

Darlington Musarurwa
13 Jan, 2010
New York City

Stocks in Japan declined on the worries that stimulus reversal in China may lower imports. Commodities linked companies declined. Corporate failures in Japan declined 16.6% in December. Japan prepares JAL to file bankruptcy and may launch discount carrier.

India Stocks Rise; Bajaj Auto, Infosys Gain

Mayank Mehta
13 Jan, 2010
New York City

Stocks in Mumbai traded higher after Infosys reported better than expected earnings. Rupee advanced as exporters prepare to sell the dollar. Bajaj Auto Ltd quarterly sales surged 59% and earnings nearly tripled but earnings net declined 63% at Bajaj Finserv.

U.S. Markets Higher; Emerging Markets Fall

123jump.com Staff
13 Jan, 2010
New York City

U.S., Germany, Italy and Portugal raised nearly $45 billion though bonds sale today. Treasuries yields in the U.S. and Europe inched up after the sale. Emerging markets declined on the worries after China increased bank reserve requirements.

German GDP Shrinks 5% in 2009; Stocks Mixed

Mayank Mehta
13 Jan, 2010
New York City

European markets closed mixed and commodities prices declined. Portugal, Germany and Italy raised

UK Stocks Track Lower Metals; Output Flat

Mayank Mehta
13 Jan, 2010
New York City

UK stocks closed lower tracking a decline in commodities prices. UK November factory output was unchanged from October. Hershey is likely to bid for Cadbury Plc. Resource sector stocks declined after a weakness in metals and energy prices.

Baidu, Wyndham Rise; Tesoro, Google Fall

Mayank Mehta
13 Jan, 2010
New York City

Wyndham Worldwide surged after positive comments from Deutsche Bank. Petroleum refiners Tesoro and Valero declined on the worries that elevated crude oil prices will crimp margins. China based search engine surged after Google said it may close its operations in China. Res-Care Inc plunged 17%.

U.S. Treasuries Decline; Dollar Rises

123jump.com Staff
13 Jan, 2010
New York City

U.S. stocks traded sideways as Treasuries declined, the dollar advanced and commodities weakened. U.S. Treasury is scheduled to raise $21 billion in bond offering today. Google declined after the company said it may close down its operations in China and Baidu Inc surged.

Sensex in India Falls; Infosys, Bharti Active

Mayank Mehta
12 Jan, 2010
New York City

Stocks in Mumbai traded lower. Infosys posts strong December quarter. Dunlop India on a roll as trading resumes after eight years of suspension. Suven Life Sciences announces two patents in China and Russia. Bharti Airtel acquires 70% stake in Bangladesh based Warid Telecom for $300 million.

China Increase Bank Reserve Requirements

Darlington Musarurwa
12 Jan, 2010
New York City

In an apparent move to remove government stimulus, the People

Bank Lending In Japan Expands, JAL Bankruptcy

Darlington Musarurwa
12 Jan, 2010
New York City

Prime Minister Hatoyama urged JAL retirees to approve the restructuring plan ahead of deadline. The troubled carrier is expected to file bankruptcy and take up to three years to turnaround. Current account surplus soars in November. Bank lending increased 1.2% in December and 2.5% in 2009.

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