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Market Update

Sensex Up 2.3%; Indiabulls Power IPO

123jump.com Staff
12 Oct, 2009
New York City

Stocks in Mumbai advanced after Prime Minister reassured investors that economic stimulus will continue. Indiabulls Power initial public offering was oversubscribed five times. Rupee edged higher as international investors increase net exposure to stocks.

New York Gains Follow European Advances

123jump.com Staff
12 Oct, 2009
New York City

Stocks in early trading in New York extended gains in Europe. Asian markets closed lower. The dollar hovered near low against the yen and the euro for the year. Gold, silver, copper, oil and natural gas edged higher. Electronics maker Philips N.V. reported earnings that surprised European investors.

September Retail Sales Bounce at Bottom

Mukesh Buch
11 Oct, 2009
New York City

September comparable sales managed to show a small gain on a calendar shift, delayed back-to-school sales and weak comparison to the previous year. Teenage retail related sales were soft in the month.

Tata Motors Raises $750 Million

Mayank Mehta
09 Oct, 2009
New York City

Tata Motors completed its offering of $750 million to repay last installment of $600 million for a $3 billion loan assumed during the purchase of Jaguar Land Rover. The India based trucks and automaker is expected to benefit from the rising auto sales in India.

India Stocks Weak; Pipavav IPO

Mayank Mehta
09 Oct, 2009
New York City

Stocks in Mumbai trading closed lower after negative comments from influential investor. Infosys declined after it reported earnings that met investors

U.S. Stocks Rise; Trade Deficit Narrows

123jump.com Staff
09 Oct, 2009
New York City

U.S. stocks closed higher for the fifth day in a row ahead of earnings. Stocks Citigroup sells its trading commodities unit to Occidental Petroleum Corp for $250 million. U.S. trade deficit narrows 3.5% in August.

German Surplus Shrinks; Output in France Up

123jump.com Staff
09 Oct, 2009
New York City

European markets closed nearly unchanged as the euro advanced against the pound and held firm against the dollar. German exports declined in September and trade surplus decreased 28%. Industrial output in France and Italy increased in August.

UK Pound Slides; Songbird Estate Drops

Mayank Mehta
09 Oct, 2009
New York City

UK stocks closed nearly unchanged as the pound fell against the dollar and the euro. Currency analysts are predicting the pound to trade below 95 euro cents by the end of the year. The troubled retailed JJB Sports to raise

Infosys, Google Rise; Aeropostale Falls

Mayank Mehta
09 Oct, 2009
New York City

Tech stocks led the charge in the morning trading. IBM, Google and Research in Motion gained on broker recommendations. Tata Motors completed its $750 million offering. Infosys fell after quarterly net income fell 1%. Sunrise Senior Living surged 24% after it sold nursing home care facilities.

Tech Stocks Lead Early Gains in New York

Mayank Mehta
09 Oct, 2009
New York City

Stocks in New York in early trading edged higher after brokers recommended tech stocks. Dollar hovered near its low and gold decreased in volatile trading. President Barack Obama won 2009 Nobel Peace Prize for his efforts to strengthen global diplomacy and cooperation.

ECB on Hold; Steelmakers Rise in Europe

123jump.com Staff
08 Oct, 2009
New York City

The ECB left its key lending rate at 1% and left intact the programs to provide direct lending to financial system. Kazatomprom and Areva join forces to make and market nuclear fuel. GDF Suez hopes to enter Nord Stream by year end.

UK Rates on Hold; Vedanta Resources Rises

123jump.com Staff
08 Oct, 2009
New York City

The Bank of England left its key lending rate at 0.5% and asset purchase plan unchanged. Vedanta Resources gained after it reported higher iron ore and aluminum production. Ladbrokes Plc fell after it plans to raise

U.S. Stocks Advance; New High in Gold

123jump.com Staff
08 Oct, 2009
New York City

Commodities and stocks gained for the second day in a row as gold reached a new record and copper and silver edged up. Home builders gained after comments from lawmakers and retailers advanced on September comparable sales data.

Humana, WellPoint, UnitedHealth Drop

123jump.com Staff
08 Oct, 2009
New York City

Health insurance providers declined sharply after the latest proposal discussed in the Senate Finance Committee was deemed deficit neutral by the non-partisan Congressional Office. Humana, UniteHealth Group and WellPoint declined more than 5%.

Kohl's, Macy's Rise; Aetna, Cigna Down

Mayank Mehta
08 Oct, 2009
New York City

Healthcare insurers declined after the non-partisan Congressional Budget Office said that the Senate Finance Committee