Market Update

EU Ministers' Greek Plan Revive Confidence

Mayank Mehta
16 Mar, 2010
New York City

European market indexes closed more than 1% after EU finance ministers agreed on framework in supporting Greece and rating agency Standard & Poor

London: BP, British Air, Debenhams, Hiscox

123jump.com Staff
16 Mar, 2010
New York City

UK stocks edged higher after commodities rebounded. British Airways reach a settlement with the union on pension contribution commitment to finalize the purchase of Spain based Iberia. BP Plc takes a majority stake in the oilsands venture in Canada.

Financial Engines Surges; Genpact Falls

Mayank Mehta
16 Mar, 2010
New York City

Genpact Ltd declined after shareholders plan to sell 28 million shares. Financial Engines Inc surged 39% from its initial public offering price. FactSet Reseach Systems Inc gained 3% after it reported earnings increased 4.5%. Deutsche Bank swung to a quarterly profit.

Sensex in India at 2-month High, Reliance Up

123jump.com Staff
16 Mar, 2010
New York City

The benchmark index in Mumbai trading gained more than 1% as investors focused on earnings in the current quarter and advanced tax payments. Reliance Industries payment of $170 million bolstered market sentiment despite the inflation hovering near 20%. Jet Airways expanded its route network.

Weak U.S. Housing Starts; Stocks Struggle

123jump.com Staff
16 Mar, 2010
New York City

U.S. stocks traded sideways ahead of the Fed

NVIDIA Corp. Q4 2010 Earnings Call Transcript

123jump.com Staff
16 Mar, 2010
New York City

Revenue rose 104% to $982.5 million and net income was $131.1 million or 23 cents a share. GAAP gross margin was 44.7%, significantly higher than guidance. first quarter of fiscal 2011 GAAP gross margin is expected to be in the range of 44% to 45%, GAAP operating expenses are expected to be flat.

China Lowers Exposure to U.S. Debt; Cnooc Deals

Mayank Mehta
15 Mar, 2010
New York City

China lowered its exposure to the U.S. bonds for the third month in a row in January but still retained the top holder of the U.S. government debt. CNOOC agreed to acquire a stake in Argentina based oil company for $3.1 with operations in Latin America.

Weak UK Pound; Talks of Debt Downgrade

Mayank Mehta
15 Mar, 2010
New York City

UK stocks closed lower on a weakness in copper and metal prices. Moody

India Inflation Flirts 20% Mark; Stocks Rest

Mayank Mehta
15 Mar, 2010
New York City

Wholesale inflation hovered at 16

World Markets Focus on U.S. Financial Reforms

123jump.com Staff
15 Mar, 2010
New York City

U.S. financial stocks gyrated after investors digested banking industry overhaul and provide additional authority to the Federal Reserve to breakup banks that are deemed to be to system risk. Federal Reserve is scheduled to announce its rate outlook tomorrow.

Weakness in Euro Drives Indexes Lower in Europe

Mayank Mehta
15 Mar, 2010
New York City

The euro continued to trade weak ahead of finance ministers meeting today. Phillip-Van Heusen Corp agreed to acquire Tommy Hilfiger for

Google, Boston Scientific Drop; Baidu Rises

Mayank Mehta
15 Mar, 2010
New York City

Google Inc declined 4% on a growing speculation that it may shut down its Chinese language search engine. Baidu Inc surged 6%. Boston Scientific dropped 14% after the company recalled certain defibrillators. Consol Energy Inc agreed to acquire coal and energy portfolio of Dominion Resources.

Industrial Production Up; $7.5 Billion of Deals

123jump.com Staff
15 Mar, 2010
New York City

U.S. stocks traded lower and the dollar gained. Federal Reserve is scheduled to signal its rate outlook tomorrow. Inflation in China, India hovered near 16-month high as commodities investors fear tighter banking regulations in two fast growing economies. Deals of $7.5 billion were announced today.

Iron Ore Price Increase Estimate Revised Higher

Darlington Musarurwa
15 Mar, 2010
New York City

Stocks in Australia declined fractionally tracking losses in commodities markets. Analysts lifted their estimate of iron ore prices in the current year to more than 60% increase as Chinese steelmakers seek a government intervention in price negotiations.

Shipper Rise in Tokyo; Indexes Flat

Darlington Musarurwa
15 Mar, 2010
New York City

Japan