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Earnings Outlook Drives U.S. Indexes

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

Earnings expectations drove market indexes higher at close after a weakness in the morning trading. Greece completed the offering of short term debt. Commodities declined. The S&P 500 index is approaching 1200 and the Dow at 11000 is viewed by many as twin resistance levels.

Inflation Worries in India; Infosys Up

Mayank Mehta
13 Apr, 2010
New York City

Stocks in Mumbai traded lower on the worries that rising inflation may prompt government to lift rates. Infosys gained after fourth quarter results and indicate higher sales in the current year.

UK Stocks Lower; Debenhams Fall

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

UK stocks closed lower tracking losses in commodities. Debenhams plc first-half net profit falls. Oxford Catalysts Group fiscal year 2009 loss widens. Grainger plc sales pick up. Tullow Oil plc finds oil at a field in Uganda.

Greece Debt Sale; LVMH Up, Helvetia Down

Mayank Mehta
13 Apr, 2010
New York City

European markets closed lower. Greece completed the sale of Treasury bills that drew strong interest from investors however there is a growing doubt that the nation can complete bond sales of five years or longer maturity.

Ambac, Boots & Coots and Palm Surge

Mayank Mehta
13 Apr, 2010
New York City

Aloca Inc declined after quarterly sales were lower than expected and reported narrower loss. Palm is in discussion with Asia based companies that may result in the company sale. Peabody Energy is negotiating with Coal India for long term supply.

U.S. Trade Deficit Rebounds

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

U.S. trade deficit rebounds in February with the bounce in the economy. Imports surpass the exports in the month and the U.S. recorded its largest deficit with China, $16.5 billion.

Stocks, Commodities Decline in New York

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

Stocks and commodities in New York traded lower after Alcoa reported weaker than expected quarterly sales but narrower loss. U.S. trade deficit in February rose. Greece attracts more investors at its debt sale after emergency aid from the EU and the IMF.

China Stocks Decline; Tighter Lending

123jump.com Staff
12 Apr, 2010
New York City

Stocks in Shanghai and Hong Kong declined after banks in Beijing tighten mortgage lending for second homes. Property developers led the decliners. Airlines closed higher on the expectations that strengthening yuan will help carriers to pay foreign debts.

World Markets Close Higher; Alcoa Loss Narrows

123jump.com Staff
12 Apr, 2010
New York City

U.S. stocks edged higher ahead of the earnings season and after the close Alcoa said first quarter loss narrowed to $210 million or 20 cents a share. The euro closed higher after the EU and the IMF offered $61 billion in emergency financial aid at below market rate.

Australian Mortgage Loans Drop 3.4% in Feb

Darlington Musarurwa
12 Apr, 2010
New York City

Home loan approvals in Australia fell 3.4% in February. South Korean steelmaker Posco is likely to support the deal between Macarthur Coal and Gloucester Coal deal.

Bank Loans Decline in Japan

Darlington Musarurwa
12 Apr, 2010
New York City

The bank loans in Japan fall 2.5% in March. Bank of Japan noted that the economic recovery is still fragile but aggregate demand is not sufficient to sustain the economic target.

Industrial Production Surges in India

Mayank Mehta
12 Apr, 2010
New York City

Stocks in Mumbai traded lower after industrial production surged 15.1% in February prompting worries of rate hike. Sun Pharma gets a U.S. approval for a generic drug. Glenmark Pharma settles patent dispute with GlaxoSmithKline.

UK Retailers Lead Gainers; YouGov Down

123jump.com Staff
12 Apr, 2010
New York City

UK stocks traded higher for the second day led by a rise in retailers. Miners declined. UBM buys electronic design exhibition organizer. Ladbrokes sells its Italian business. e2v technologies revenues plunge. Hikma Pharmaceuticals takes full control of Algerian joint venture.

EU-IMF Offer

Mayank Mehta
12 Apr, 2010
New York City

European markets recovered from the lows of the day to close up after the EU and IMF offered details of emergency bailout to Greece. UBS AG added more than 3% after it estimated first quarter profit and assets outflow declined in the period. Greek benchmark stock index surged more than 6%.

Mirant, RRI, DynCorp and UBS Rise

123jump.com Staff
12 Apr, 2010
New York City

DynCorp surged 48% after it agreed to be acquired by a private equity firm Cerberus Capital Management LP for $1.5 billion. Mirant Corp and RRI Energy agreed to merge in a stock transaction. UBS AG advanced after it indicated pre-tx profit.

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