Mukesh Buch
21 Oct, 2009
New York City
U.S. stocks closed lower on the weakness in banks. Analyst downgrade of Wells Fargo dragged the market sentiment lower. Morgan Stanley closed higher on earnings. Allegheny Technologies led the decliners in lower than expected sales and earnings. SanDisk surged on higher sales outlook.
123jump.com Staff
21 Oct, 2009
New York City
U.S. stocks trade lower as investors face rising interest rates in UK and Asia. Treasury Secretary Geithner indicated that initial TARP programs may be terminated and bank capital purchase program will be permitted to expire at the end of this year. Yahoo, Boeing and Morgan Stanley are in focus.
Mayank Mehta
21 Oct, 2009
New York City
Sesa Goa fell after earnings but indicated three-fold iron ore production increase to meet China demand. Banks declined after the Reserve Bank of India ruling may force higher competition among lenders and lower rates to borrowers. State Bank of India raised $750 million through the sale of bonds.
Mayank Mehta
21 Oct, 2009
New York City
BHP Billiton reported higher oil and iron ore production in the third quarter but indicated softer demand from China. Centro Properties was sued by the Australian regulators. A significant number of shareholders registered protest to the remuneration of its former chief executive.
Darlington Musarurwa
20 Oct, 2009
New York City
Stocks in China region gained on the back of a rally in New York and European markets. Dollar weaknesses lifted resource stocks and commodities prices in the region. China Mobile reported nine months earnings as the number of subscribers increase above 500 million.
Mayank Mehta
20 Oct, 2009
New York City
Rupee traded higher after Diwali holidays as international investors continue to add to holdings. Stocks closed lower but stayed firm near the recent highs. Government plans to sell 5% stake in NTPC. Reliance Industries commenced its arguments in the Supreme Court in India.
Mukesh Buch
20 Oct, 2009
New York City
Weak U.S. housing data raised questions about the health of the housing markets and nature of economic recovery. Home builders fell. Earnings were in focus. Coca Cola, State Street and Boston Scientific were among the most active stocks in trading.
Mayank Mehta
20 Oct, 2009
New York City
European stocks traded lower in the afternoon after the release of weak U.S. housing data. Deutsche Bank agreed to acquire assets from ABN Amro. Volkswagen fell after it agreed to purchase 49.9% of Porsche SE. Valeo SA reported a net profit in the third quarter and raised its outlook.
Mayank Mehta
20 Oct, 2009
New York City
Stocks in London traded lower. Autonomy fell nearly 7% after quarterly net rose less than expected. Barclays dropped more than 5% after Qatar based investment fund took a profit of nearly $1 billion and lowered its holding in the bank to 7%. Pearson increased on earnings outlook.
123jump.com Staff
20 Oct, 2009
New York City
Boston Scientific Corporation led the decliners in the S&P 500 index with a loss of 13.0%. Apple Inc fourth quarter net income increased 47%. Atheros Communications, Inc third quarter profit nearly quadruples as sales rise. Brown & Brown, Inc third quarter profit rose 1% on lower expenses.
123jump.com Staff
20 Oct, 2009
New York City
U.S. stocks edged lower after the housing starts and completions declined in September. Home builders led the decliners. Apple increased on strong rise in sales and earnings. The Producer Price Index decreased 0.6% in September. Brazil index drops 2.5% after it imposes 2% tax on foreign investors.
Mayank Mehta
20 Oct, 2009
New York City
The Reserve Bank of Australia noted in its latest statement after the interest rate hike that maintaining low interest rates many not be the prudent. Woolworths
123jump.com Staff
19 Oct, 2009
New York City
UK stocks surged on the rise in commodities prices. Home prices in the month rose across the nation. The pound regained its momentum after a revised economic forecast. National Express received another offer.
Mukesh Buch
19 Oct, 2009
New York City
U.S. benchmark indexes gained nearly 1%. Industrials, technology and retail stocks led the gainers. Dollar hovered near its recent lows. Gold and silver advanced. Crude oil and natural gas edged up. European markets closed higher.
Mayank Mehta
19 Oct, 2009
New York City
Stocks in the early afternoon traded higher. BB&T led the decliners in the S&P 500 index. Fannie Mae and Freddie Mac plunged on negative comments. Gannett, Eaton and Daimler increased on the earnings announcements.
