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U.S. Housing Start, Permits Rise; Gold Drops

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

Stocks in early trading in New York gained after housing permits and starts surged in March. Housing permits increased 7.5%, starts gained 1.6% but completions declined 3.1% in the month. Google quarterly sales rise 23% and net soars 41%.

Pier 1 Imports Q4 2010 Earnings Call Transcript

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

Sales rose 1.7% to $396.0 million & net income was $34.5 million or 30 cents a share. The increase in sales improved merchandise margins & controlled expenses resulted in operating income for the quarter of $36 million a $63 million improvement over the $27 million operating loss reported last year.

China GDP Surges at 11.9%; Inflation 2.4%

Mayank Mehta
15 Apr, 2010
New York City

The GDP expanded at 11.9% in the first quarter ending in March and inflation in the month was 2.4%. The second double digit expansion in a row prompted the government to tighten mortgage lending on some home purchases. Talks of higher interest rates gained momentum after the GDP data.

Rising Inflation Expectations in Australia

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

Australian stocks closed higher tracking gains in the U.S. however the gains were limited after inflation expectations rose in April. Macarthur Coal rejects revised bid from New Hope citing lower cash component. Bank of Queensland Limited said first half net nearly doubled.

BoJ Notes Economic Recovery; Banks Up

Darlington Musarurwa
15 Apr, 2010
New York City

Stocks in Tokyo closed higher after the Bank of Japan noted in the regional survey that economic activities are picking across all regions but at different pace. Japan lowered industrial production downwards. Banks closed higher in trading ahead of earnings.

UK Indexes Near 22-month High, Experian Falls

Mayank Mehta
15 Apr, 2010
New York City

UK stocks closed reached to the levels last seen in two years as commodities advance and consumer sentiment decline. Experian Plc declined after it reported lower revenue growth in the second half. Dana Petroleum finds more gas.

Europe: Roche, Danone, Lagardere Rise

Darlington Musarurwa
15 Apr, 2010
New York City

European markets closed higher after China reported a surge in economic expansion and U.S. industrial production gained. Roche Holding AG sales increased 6%. Groupe Danone SA first quarter sales rise 8.3%. Lagardere SCA may sell 20% stake in Canal Plus.

U.S. Indexes Gain on Industrial Production

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

U.S. indexes closed higher after industrial production gained in March and surged in the first quarter. Positive outlook from Intel, UPS and First Solar lifted trading sentiment. REITs declined after three companies sold additional shares.

High Inflation Persists in India; Essar Oil Up

Mayank Mehta
15 Apr, 2010
New York City

Mumbai stocks declined after wholesale inflation hovered near record. Finance Minister Pranab Mukherjee indicated said inflation will remain elevated till June. Essar Oil quarterly sales dropped 53% and net plunged 73%.

UPS, Yum!, Marine Energy Rise

Mayank Mehta
15 Apr, 2010
New York City

United Parcel Service, Inc led gainers in the S&P 500 index. YUM! Brands, Inc comparable same-store sales increased 4%. Mariner Energy soars 41% on a merger with Apache Corp.

Jobless Claims Rise; U.S. Stocks Struggle

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

U.S. indexes struggled near eighteen months high after jobless claims increased. March industrial production increased 0.1% and increased at annual rate of 7.8% in the first quarter.

U.S. Stocks Rise on Earnings, Economic Data

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

Fed Chairman Bernanke said the U.S. economy will grow at a moderate pace on the account of high unemployment and weak consumer spending. The regional survey published by the Fed suggested modest increase in hiring. The S&P 500 index closed above 1200, matching the index eighteen months ago.

Singapore Revalues Dollar; Stronger Yuan

Mayank Mehta
14 Apr, 2010
New York City

Stocks in China region traded under pressure after March real estate prices increased 11.7%. The sharp rise in prices only fueled worries of additional government steps to curb lending. Singapore de-facto revalued its dollar lending a support to the imminent yuan strengthening arguments.

Conusmer Confidence Up in Australia

Darlington Musarurwa
14 Apr, 2010
New York City

Australian stocks closed higher on the back of a rebound in commodities and metals prices. Australia

Tokyo Stocks Advance; Tokyo Electron Up

Darlington Musarurwa
14 Apr, 2010
New York City

Traders in Tokyo focused on Intel earnings after the largest chipmaker estimated higher second quarter sales. Tokyo Electron, the equipment maker and Intel supplier quarterly orders rose 21%. Toyota Motor Corp. suspends Lexus SUV sales in the U.S.

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