Mukesh Buch
07 Oct, 2009
New York City
U.S. stocks closed higher ahead of earnings season. Alcoa after the close reported better than expected third quarter earnings of $77 million or 8 cents a share on sales decline of 34% to $4.62 billion. European Commission revises economic outlook higher in the region.
Mayank Mehta
07 Oct, 2009
New York City
In UK, stocks kept their positive bias for the second day in a row. Retailers fell after J. Sainsbury reported lower than expected comparable same store sales growth. Michael Page, recruitment consultant third quarter profit fell 42%. Chocolate retailer Thorntons quarterly sales increased 2.3%.
Mayank Mehta
07 Oct, 2009
New York City
AirTran Holdings plunged after it filed to sell convertible notes and stocks. Avis Budget Group filed to raise at least $250 million. Home builders edged lower. Costco Wholesale Corp gained on positive outlook. Family Dollar advanced on earnings. Yum! Brands quarterly sales fall 2%, net drops 18.4%.
123jump.com Staff
07 Oct, 2009
New York City
In the early trading in New York, stocks trade lower as commodities rise and dollar hovers near its low. Home builders fall on the worries that first time home buyer tax credit many not be extended. Costco gains on better than expected outlook. Eurozone revises its economic outlook higher.
123jump.com Staff
07 Oct, 2009
New York City
World stocks traded sideways as commodities prices gain for the third day in a row and gold reach a new intra-day high. Silver, gold and copper advance as investors rethink their inflation expectations. Telefonica SA bids 12% higher than Vivendi SA for Brazil second largest mobile carrier.
Mayank Mehta
07 Oct, 2009
New York City
Stocks in India closed lower. Tata Steel and JSW Steel said steel production increased in the quarter ending in September. Record gold price is expected to dampen demand in Diwali season. Latest mobile telecom price was dragged into the second week as Reliance follows Tata-DoCoMo price cut.
Mayank Mehta
06 Oct, 2009
New York City
Reserve Bank in Australia lifted rates surprising most market watchers. The RBI Governor Glenn Stevens focused on the economic acceleration and sharp rise in asset prices. Market interpreted the interest rate move as yet another confirmation of Asian economic recovery.
Mukesh Buch
06 Oct, 2009
New York City
U.S. stocks edged higher as talks of earnings drove investor sentiment. Gold closed at a record high and is in its ninth annual gain in a row since 2001 when it traded near $275. Silver, copper and natural gas advanced too.
Mayank Mehta
06 Oct, 2009
New York City
European markets traded higher following the rise in New York markets. Banks in Germany closed higher with Commerzbank and Deutsche Bank leading the gainers. Bilfinger Berger agreed to acquire Austria based MCE Beteiligungs for
123jump.com Staff
06 Oct, 2009
New York City
Tesco sales in the first half increased 8.3% to
Mayank Mehta
06 Oct, 2009
New York City
London stocks tracked the rise in commodities as copper and gold regained their momentum. Tesco Plc first half revenues increased 8.2%. Northern Foods declined after total sales in the first half were flat and the comparable sales in the period gained less than expected.
Mayank Mehta
06 Oct, 2009
New York City
Avocent Corp surged 20% after it agreed to be acquired by Emerson Electric for $25 a share or $1.2 billion. St. Jude Medical dropped 11% after it lowered its adjusted third quarter earnings outlook. The Mosaic Co first quarter profit falls to $100.6 million. Pepsi Bottling quarterly net rises.
123jump.com Staff
06 Oct, 2009
New York City
U.S. stocks gained after commodities prices gained and investors anticipated higher earnings in the third quarter. Third quarter earnings at S&P 500 index companies are expected to increase at least 22% from a year ago according to the estimates provided by Ticker.com.
Mayank Mehta
06 Oct, 2009
New York City
Recent stock advance in Mumbai may not survive if Reserve Bank of India acts to increase interest rate as inflation runs high. The RBI Governor Rao sounded hawkish as consumer and wholesale prices continue to rise. Weak monsoon is likely to add more inflationary pressure.
Mukesh Buch
05 Oct, 2009
New York City
U.S. stocks rebounded as the service sector industry showed an expansion in September. Stocks in resource, technology and banking sector closed higher. Gold and oil edged up. Alcoa is scheduled to release earnings on Oct 7 to kick off third quarter earnings.
