123jump.com Staff
09 Feb, 2009
New York City
Stocks in Shanghai surged and in Hong Kong edged higher after a steady rise in commodities prices. Commodities and stocks linked to the industry maintained their momentum on the hopes that the government stimulus will sustain the demand.
123jump.com Staff
09 Feb, 2009
New York City
The statistical agency of India estimated growth in the second half in the current year in India at a slower pace and for the year estimated a growth of 7.1%. Manufacturing industry association survey indicated a decline in production among 96 industry sub groups. Stocks surged.
123jump.com Staff
06 Feb, 2009
New York City
U.S. benchmark indexes gained more than 3% on top of a rise of 1.5% yesterday. The stocks in the face of a gloomy jobless claims report and a rise in unemployment rate above 7.5%. Manufacturing indexes in Germany and UK declined. Toyota reported weaker than expected sales. Stocks in China surge.
123jump.com Staff
06 Feb, 2009
New York City
Stocks in Europe recover tracking gains in New York. US unemployment surges on a record job losses. BMW gains but Volkswagen tumbles. In Paris trading, LVMH surges 13% on better than expected earnings.
123jump.com Staff
06 Feb, 2009
New York City
UK manufacturing index declined 2.2% in December from November and fell 5.1% in the quarter ending in the month from the previous quarter. The Bank of England established the
123jump.com Staff
06 Feb, 2009
New York City
The stocks in Mumbai rise on the hopes that the soon to be announced interim budget will offer industry incentives and tax relief. The benchmark index Sensex gained 2.3%. The Reserve Bank of India offered easier access to loans to exporters.
Mayank Mehta
06 Feb, 2009
New York City
Banks and financial stocks led the gainers on the hopes that the U.S. Treasury plan will provide additional capital to the industry. Hartford plunges on second quarterly loss.
123jump.com Staff
06 Feb, 2009
New York City
Reserve Bank of Australia lowers its annual economic growth forecast from 1.5% to 0.25% in the current fiscal year. The RBA continues lag with the global market development and forecasted growth in the economy when global economy is sharply decelerating. ANZ warns that first half profit drop of 15%.
123jump.com Staff
06 Feb, 2009
New York City
Stocks in Hong Kong and in Shanghai rose sharply on the hopes that Beijing will release more funds and government stimulus to support the economy. However, Hong Kong finance chief sounded warning alarms as banks reported weak earnings in the latest quarter.
Darlington Musarurwa
06 Feb, 2009
New York City
Toyota Motor Corp. revenues fall 28.4% to 4.8 trillion yen in the third quarter. Sharp Corp reversed its earlier projection of income to a loss for the current year. Sharp now estimates a loss of 100 billion yen from a profit of 60 billion yen projected earlier.
123jump.com Staff
06 Feb, 2009
New York City
U.S. benchmark indexes reversed their earlier losses of more than 1.5% and closed up between 1.5% and 2%. The sharp reversal came after the release of earnings from MasterCard Inc and expectations that the regional banks will soon be provided assurances of loss sharing by the Treasury.
123jump.com Staff
05 Feb, 2009
New York City
European markets closed lower on weak profits from banks and weaker economic conditions. The European Central Bank left its key lending rate unchanged at 2% and the Bank of England lowered its rate by 50 basis points to 1%. Deutsche Bank, Swiss Re, Zurich Financial and Unilever plunged.
Mayank Mehta
05 Feb, 2009
New York City
Bank stocks remained weak in trading. Fifth Third, Huntington, Regions Financial declined. Bank of America fell further as the expectations of the bank nationalization gathered momentum. Akamai Technologies surged on better than expected results.
Darlington Musarurwa
05 Feb, 2009
New York City
The Bank of England cut its key lending rate by 0.5% to 1% as the UK economy shows no sign of stabilizing. The latest move comes on the expectation of inflation falling below 2%. Home prices in January declined 17% from a year ago but gained 1.9% from December.
123jump.com Staff
05 Feb, 2009
New York City
Stocks in Australia fell as companies offer cautious views on earnings. Macquarie Group cuts its annual earnings by half on A$900 million write-off. New Zealand unemployment rate advanced to 4.6% at the end of the December quarter. Qantas Airways dropped to 12-year low on A$500 million offering.
