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Market Update

Foreign Investors Increase India Stocks Holdings

Mayank Mehta
07 Apr, 2010
New York City

The benchmark stock index in Mumbai closed higher ahead of earnings season. International investors increased their net holdings of stocks in India by $5.1 billion in the year. Godrej Consumer acquires Indonesia based insecticide maker.

UK Debt Auction; Stocks Weak

Mayank Mehta
07 Apr, 2010
New York City

UK stocks traded lower after commodities prices declined. The pound declined after a seven day rally. The UK auction of five-year bonds worth

Daimler, Renault-Nissan Partnership

123jump.com Staff
07 Apr, 2010
New York City

Daimler and Renault-Nissan alliance agreed to form a partnership to develop better engines, cut production costs and develop small car technologies. Two companies will take 1.2 billion euros stake in each other.

Greek Worries, Euro Falls; Weak GDP

123jump.com Staff
07 Apr, 2010
New York City

European indexes traded lower and the benchmark index in Athens dropped 3%. Greek bond yields rose to 11-year high after Greece revised its 2009 deficit higher to 12.9%. Daimler and Renault-Nissan alliance signed a partnership to develop new technologies and build small cars.

Family Dollar, JA Solar, Monsanto, EOG Up

123jump.com Staff
07 Apr, 2010
New York City

KeyCorp led gainers in the S&P 500 index with a rise of 4.7%. Family Dollar Stores, Inc guides above estimates. AMB Property Corp to offer 12 million shares of common stock. Family Dollar net up and outlook exceeds estimates. Massey drops for the second day after an explosion that killed 25 workers.

Indexes in U.S. Decline; Oil, Copper Down

123jump.com Staff
07 Apr, 2010
New York City

U.S. and European markets traded lower after commodities declined. The dollar strengthened against the euro as talks of Greek bonds default gained momentum. China plans to issue 3-year bills for the first time since June 2008.

U.S. Treasury Auction; World Markets Up

123jump.com Staff
06 Apr, 2010
New York City

Fed minutes of meeting noted economic recovery may be hampered by high unemployment and tight lending conditions. The dollar, metals and commodities closed higher. Investors bid up U.S. Treasury $40 billion bond auction with the yield spreads tightening.

Resource Stocks Rise in Shanghai

123jump.com Staff
06 Apr, 2010
New York City

Resource stocks closed higher in Shanghai trading after international metals prices increased. Poly Real Estate Group Co acquires land parcel for $100 million. China Construction Bank Corp plans to raise as much as $11 billion. Hong Kong markets are scheduled to reopen today.

Australia Lifts Rate to 4.25%

Darlington Musarurwa
06 Apr, 2010
New York City

Reserve Bank of Australia raised its key lending rate by 25 basis points to 4.25%. Australian job ads rise 1.8% in March. Peabody revised its offer of Macarthur Coal to A$3.6 billion.

Japan Stocks Down After 3-day Rally

123jump.com Staff
06 Apr, 2010
New York City

Rising yen dragged shippers, electronics and automakers after rising for three days in a row. Index of economic conditions improved in February. U.S. regulators proposed to fine Toyota Motor of $16.4 million.

UK Election Date; Stocks Up, Pound Down

Mayank Mehta
06 Apr, 2010
New York City

The UK benchmark index closed at a 21-month high and the pound declined 1%. UK Prime Minister Gordon Brown scheduled national election on May 6. Virgin Money attracts

Greek Yields Surge to 11-Year High on Rumors

Mayank Mehta
06 Apr, 2010
New York City

European markets closed higher but Greek benchmark index decreased 2%. Greek bond yields surged to 11-year high on the unfounded rumors that the nation is looking to change bailout terms with the EU and the IMF. Renault SA and Daimler AG are in partnership talks. SeaDrill Ltd of Norway surges.

Massey, CA, Bally Decline; Amazon Rises

123jump.com Staff
06 Apr, 2010
New York City

Massey Energy Company led the decliners in the S&P 500 index with a loss of 9.2%. Teekay Tankers Ltd announces public offering. CA Inc plans to cut 1,000 jobs. El Paso Corp receives FERC approval for Ruby Pipeline.

India Stocks, Rupee Firm; NTPC Up

Mayank Mehta
06 Apr, 2010
New York City

Stocks in Mumbai closed flat as the rupee hovered near 19-month high. International investors continue to add exposure to India stocks. NTPC Ltd, the largest power generator plan to invest $5 billion to quadruple capacity.

Weak Opening in NY; $40 B Treasury Auction

123jump.com Staff
06 Apr, 2010
New York City

U.S. stocks in the early trading edged lower and the euro declined. U.S. Treasury is scheduled to sell $40 billion of 3-year bonds today. Copper traded lower after rising to 20-month high but crude oil hovered near 17-month high.