123jump.com Staff
01 Oct, 2008
New York City
U.S. stocks traded lower after General Electric rating was lowered on weak earnings outlook in its financial services. GE dropped more than 7% and dragged market indexes lower with it. MetLife, Prudential and Hartford Life plunged on the earnings worries. Peabody Energy, Freeport McMoran drop 10%.
123jump.com Staff
30 Sep, 2008
New York City
Google dropped on erroneous trading and Nasdaq reset its price near $400. Hartford Financial Services plunged after Fitch puts its life insurance division related debt on a negative watch. Genworth Financial surged on the hopes that company will sell or spin off its mortgage unit.
123jump.com Staff
30 Sep, 2008
New York City
The benchmark indexes surged 5% in the U.S. and 2% in Europe on the hopes that the historic U.S. intervention of $700 billion will be approved before the end of the week. Crude oil gained but in the third quarter dropped nearly 30%. The dollar fell but rebounded and closed higher on a late surge.
123jump.com Staff
30 Sep, 2008
New York City
Australian stocks sharply lower after historic losses in the U.S. market indexes. Australia added liquidity in the system in coordination with the central banks in Europe and the U.S. Of the stocks in ASX index, 158 declined. Australian dollar fell against the U.S. dollar and crude oil dropped 10%.
123jump.com Staff
30 Sep, 2008
New York City
China markets recovered from earlier losses in the day and managed to close higher. The HKMA added liquidity to the system and issued revised guidelines for collateral requirements from Monday. Banks closed higher in trading. Shipping companies fell as freight index declined.
123jump.com Staff
30 Sep, 2008
New York City
UK stocks rebounded after a record one-day loss in trading on Monday in recent times. The financial stocks rebounded on the hopes that the U.S. will act soon on the troubled bailout plan. Tesco reported 13% rise in sales in the first half and 11% increase in earnings.
123jump.com Staff
30 Sep, 2008
New York City
Stocks in India recovered from earlier loss as investors focus on domestic economy. Sensex gain leads the regional markets trading. India current account deficit rose to nearly $11 billion as crude oil import bill surges. ICICI Bank rebounded in a volatile trading.
123jump.com Staff
30 Sep, 2008
New York City
Stocks in Japan and Asia fell after U.S. benchmarks suffered one of the sharpest declines in the recent decades. The Japan stock benchmark dropped 4% as financials fell. Mitsubishi UFJ invests $9 billion in Morgan Stanley. The investment of $3 billion in common stock is down 20% from the purchase.
123jump.com Staff
30 Sep, 2008
New York City
U.S. Stocks recover at mid-day trading on the hopes that the Congress will pass a revised bailout plan. European markets closed higher. Dexia SA, the Belgian bank will receive an emergency financing of 6.6 billion euros after Fortis needed 11.2 billion from the government.
123jump.com Staff
29 Sep, 2008
New York City
Stocks in Hong Kong plunged after investors worried that the widening credit market crisis in the U.S. may slowdown Chinese exports. China suspended iron ore imports from Brazil, after miner Vale raised prices by 11%. Sun Hung Kai dropped 5% after HSBC raised mortgage rates.
123jump.com Staff
29 Sep, 2008
New York City
Benchmark index in Mumbai, India dropped sharply after U.S. credit markets jitters dragged markets in Asia lower. Rupee dropped to a 12-year low as state controlled oil companies lock payment for imports. Suzlon Energy dropped 12%. The U.S. House approves nuclear deal with India.
123jump.com Staff
29 Sep, 2008
New York City
Australian stocks closed lower on Monday after markets in Asia and commodities prices fell. The benchmark index dropped 2% ahead of the closely watched vote on the U.S. House floor for the emergency financial package. Separately, RBA injected additional liquidity to money markets.
123jump.com Staff
29 Sep, 2008
New York City
The U.S. House in a rebuke to the President defeated the bailout plan by a vote of 228 to 205. The frustrated House members are worried that the plan will not save the U.S. economy from sliding into a recession and saddle the nation with a huge debt. Stock market indexes plunged between 7% and 9%.
123jump.com Staff
29 Sep, 2008
New York City
U.S. stocks dive after the House defeated bailout plan unpopular with voters. The Senate votes on the proposal on Wednesday. Nervous stock markets plunged more than 7% in the U.S., Canada and Brazil. Oil plunges 8% to $96 a barrel. Gold increases 4% to $930 an ounce.
123jump.com Staff
29 Sep, 2008
New York City
Stocks in Japan in Tuesday trading dropped 5% after benchmark index lost 1.3% on Monday. Finanicals, commodities and shipping lines led the decliners in trading on Monday. The U.S. House voted down the bailout proposal of $700 billion. The U.S. stocks plunged 7% after the stunning defeat.
