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London Stocks Close Up, House Prices Drop

123jump.com Staff
30 Dec, 2008
New York City

London stocks closed higher boosted by gains in the energy and commodity sectors. The Land Registry reported that annual house prices in England and Wales slumped 12.2% in November.

Europe Holds On to Gains, Bourses Close Higher

123jump.com Staff
30 Dec, 2008
New York City

Major European markets sustained gains from early trading on Tuesday to end the trading session higher. The CAC 40 Index outperformed leading benchmarks, closing 2.76% up.

Indian Stocks Climb, Economy Expected to Slow

123jump.com Staff
30 Dec, 2008
New York City

Indian stocks ended the trading session higher boosted by expectations of rate cuts by the Reserve Bank of India. In the meantime, local brokers announced that the country''s economic growth was likely to ease between 6% and 7%.

Hong Kong Fails to Join Market Gains in Asia

123jump.com Staff
30 Dec, 2008
New York City

Shares in Hong Kong missed to capitalize on gains across Asian exchanges as pessimism prevailed due to tensions in the Middle East. Chinese authorities, meanwhile, unveiled a plan to create 9 millions jobs in urban areas through a number of initiatives in 2009.

Tokyo Stocks Rise, Nikkei Sees Worst Annual Loss

123jump.com Staff
30 Dec, 2008
New York City

Moderate gains from Tokyo stocks at market close on Tuesday proved to be only mild relief as Nikkei witnessed its greatest annual loss ever. Barclays Capital expressed concerns that the local economy may suffer its worst quarterly decline since 1974.

European Stocks Rise, Frankfurt Takes the Lead

123jump.com Staff
30 Dec, 2008
New York City

Major European bourses advanced in early trading on Tuesday in the wake of gains across Asia-Pacific. The DAX Index rose 1.58% in Frankfurt.

Tokyo and Seoul Close Higher, China and HK Slide

123jump.com Staff
30 Dec, 2008
New York City

Stock markets across Asia-Pacific were mostly on the rise Tuesday with exchanges in Japan, South Korea, Australia, India, Malaysia and Thailand closing in positive territory. China and Hong Kong missed out on the rally with both CSI 300 and Hang Seng sliding into red.

Australian Stocks Climb, Energy Plays Prevail

123jump.com Staff
30 Dec, 2008
New York City

Energy stocks lent support to ASX 200 on Tuesday amid rising concerns over the conflict in the Middle East. Fears of a ground operation launched by Israel in Gaza sent oil prices higher.

India Government to Reveal Second Stimulus Plan

123jump.com Staff
29 Dec, 2008
New York City

India government will announce the second stimulus package for this fiscal year and the one for 2009 to 2010 in the next few days to boost economic growth.

Nikkei 225 Up; South Korea Kospi Index Down

123jump.com Staff
29 Dec, 2008
New York City

The Nikkei 225 Index in Tokyo closed higher 7.65 or 0.09%. Hang Seng index in Hong Kong rose 1.02%.

Hong Kong Indices Up; China Steelmakers See Loss

123jump.com Staff
29 Dec, 2008
New York City

Hong Kong market indices rose on towering oil prices and the conflict between Israel and Hamas fuelling worries that hostilities will affect oil supplies. China Iron and Steel Association announced the country''s steel plants posted a combined loss of Rmb12.77 billion in November.

Japan Stocks Rise on News of Mega Merger

123jump.com Staff
29 Dec, 2008
New York City

Japan stocks rose on rumors that Mitsui Sumitomo Insurance Group Holdings, Aioi Insurance Co. and Nissay Dowa General Insurance Co. might merge to create the country

Australian Borrowing Costs Down; ASX Up 1.1%

123jump.com Staff
29 Dec, 2008
New York City

The difference between the rate Australian banks charge each other for three-month loans and the overnight swap rates decline nine basis points to 49 points. Reserve Bank of Australia has poured A$650 million into the money market after forecasting a surplus of A$4.1 billion.

Adobe Systems Q4 Earnings Call Transcript

123jump.com Staff
27 Dec, 2008
New York City

Adobe reported fourth quarter revenues of $915.3 million and full year 2008 revenues of $3.58 billion. The company expects revenue and earnings per share in the range of $800 million to $850 million and 30 cents to 35 cents in the first quarter of fiscal 2009.

Cautious U.S. Stocks, Light Trading

123jump.com Staff
26 Dec, 2008
New York City

U.S. stocks edged higher in light trading volume and investors did put much weight in weaker than expected holiday sales report. Stocks edged higer after crude oil price rose. In Japan, manufacturing plunged in November but stocks gained. Major markets in Europe were closed.

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