Market Update

Australian Stocks Advance on Metal Prices

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

Australian stocks edged higher after a steady rise in copper, gold and silver prices. SUNCORP completed its bond offering of A$1 billion guaranteed by the Australian government.

Weak Dollar Lifts Gold, Metals and Stocks

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

Weak dollar prompted a rise in crude oil, gold and silver. Stocks edged higher on the back of resource stocks and Kraft offered $16.5 billion for Cadbury Plc. UK and German manufacturing advanced in July. Treasury auction of $38 billion of 3-year notes drew higher than average response.

German Exports Rise, Output Falls; Alstom Rise

Mayank Mehta
08 Sep, 2009
New York City

German industrial output declined 0.9% in July but exports increased 2.3% to

Deutsche Telekom, France Telecom UK Merger

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

Deutsche Telekom and France Telecom joint venture will lead the UK market in mobile subscribers. The merged company hopes that combining operations will lower network maintenance costs and keep customers loyal to their services.

UK Manufacturing Advances; Miners Gain

Mayank Mehta
08 Sep, 2009
New York City

UK stocks edged higher after commodities prices increased and UK manufacturing index suggested a sharp gain in July. Deutsche Telekom and France Telecom agreed to form merge operations to form the largest mobile phone service provider in UK. Miners jumped on a rise in copper, gold and silver prices.

Gold, Silver Miners Rise; AIG, Kraft Fall

Mayank Mehta
08 Sep, 2009
New York City

Gold miners scaled higher after gold crossed $1,000 price and silver traded at 13-month high above $16 an ounce. Allegheny Technologies gained after it signed ten year contract with Rolls Royce. Kraft declined after it offered $16.5 billion for Cadbury Plc. Odyssey Re surged on unsolicited offer.

Foreign Fund Flows Lift India Stocks

Mayank Mehta
08 Sep, 2009
New York City

Stocks in India edged higher after foreign investors add to holdings and gold surged above $1,000 mark. Merger activities and steady announcements of corporate financing to fund business expansion have sustained investor momentum.

U.S. Stocks Higher on Gold Above $1,000

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

A surge in commodities prices and merger activities are expected to lift stocks higher at the opening. World stocks gained for the fourth day in a row after gold traded at six months high and silver at 13-month high. Kraft $16 billion bid for Cadbury is expected to attract more interest.

Japan Steel Stocks Lead Rally; Showa Shell Up

123jump.com Staff
07 Sep, 2009
New York City

Stocks in Tokyo rebounded after finance officials from G-20 nations pledged to keep global stimulus in place. Dollar edged lower against yen. Showa Shell plans to increase solar panel output ten-fold. Japan Steel Works estimates sharply higher China nuclear plant construction.

Aussie Dollar 1-year High; Sigma Pharma Halted

123jump.com Staff
07 Sep, 2009
New York City

Australian dollar reached a high last seen in eleven months of trading as job advertising index showed a rebound and construction activity remained subdued. Sigma Pharmaceuticals was halted after the company is in a deal to buy assets of Bristol-Myers Squibb.

Deutsche Telekom, France Telecom Merge UK Units

Mayank Mehta
07 Sep, 2009
New York City

Deutsche Telekom and France Telecom agreed to merge their UK operations as recession erodes revenues and profits. German factory orders increase for the fifth month in a row. Euro gains against dollar and yen. Technip SA surged after it was selected to replace Air France in CAC-40 index.

Cadbury Rejects Kraft Bid; Whitbred Surges

Mayank Mehta
07 Sep, 2009
New York City

UK stocks surged after Cadbury rejected 10.2 billion bid from Kraft. The unsolicited bid offered 74 pence a share and Kraft is likely to return with a higher bid. Whitbred surged after it estimated net for the year at the upper end of the range and sales at Costa unit increased.

Rain Worries in India Recede, Oil India IPO

Mayank Mehta
07 Sep, 2009
New York City

Mumbai stocks advanced as rainfall picked up in the last week. Rain deficit at the end of last week across the nation is now 21%, lower than 35% a month ago and 50% in June. The Oil India IPO receives lukewarm response on the first day of subscription.

WTO to Rule Against Airbus; Air France Staff Cut

Mayank Mehta
04 Sep, 2009
New York City

The WTO rules against Airbus 380 subsidies provided by EU to EADS. Air France KLM plans to eliminate 1,500 staff and reduce cargo capacity by 15%. Deutsche Telekom is in talks to sell its T-Mobile UK unit. PSA Peugeot Citroen and Mitsubishi Motors are planning a joint venture to sell electric cars.

World Markets Edge Higher; Gold, Silver Firm

Mukesh Buch
04 Sep, 2009
New York City

U.S. stocks closed higher after four days of decline. Gold and silver traded near their recent highs. The unemployment rate increased to 9.7% in August. The WTO is expected to rule against Airbus on the illegal subsidies from the EU.