Mayank Mehta
04 Jan, 2010
New York City
China region stocks closed mixed. Shanghai stocks gained and Hong Kong stocks decreased. Manufacturing expanded in December according to separate reports. Real estate developers declined after Shanghai tightened home purchase rules.
Mayank Mehta
04 Jan, 2010
New York City
Stocks in Japan closed higher as the yen declined to a 4-month low. Exporters and automakers led the gainers. Toyota and Honda target small car market in India as the market is expected to expand to 3 million vehicles in five years. JAL surged after a bank doubled its credit limit to $2 billion.
Mayank Mehta
04 Jan, 2010
New York City
Australian stocks edged higher. A rally in metals and energy prices helped stocks on the first day of trading. Deputy Prime Minister Gillard asked more time for police investigation after a killing of young Indian student. Australia has still not solved hundreds of attacks on India students.
123jump.com Staff
04 Jan, 2010
New York City
U.S. indexes closed up more than 1.5% after a rally in energy and metals. Manufacturing indexes in the U.S., China and India showed expansion. Emerging markets rallied with resource linked economies leading. The benchmark index in Brazil closed above 70,000.
Mayank Mehta
04 Jan, 2010
New York City
Energy related stocks gained after a rally in natural gas and crude oil. Total SA investment in Chesapeake Energy controlled energy field also helped the sector. Deutsche Bank
Mayank Mehta
04 Jan, 2010
New York City
European indexes traded near fifteen month high as resource stocks lead the gainers. Energy prices rose after record low temperatures in the U.S., China and Korea. European investors
Mayank Mehta
04 Jan, 2010
New York City
UK stocks edged higher as metals added to the gains of the last week. Manufacturing index increased in December and mortgage approvals expanded. Gilts held firm ahead of rate and bond program decision this Wednesday.
Mayank Mehta
04 Jan, 2010
New York City
Stocks in India gained on the expectations of faster economic growth in the current fiscal year and expanding manufacturing sector. Reliance Industries raised $575 million to purchase LyondellBasell Industries in a second sale of treasury stocks. Exports increased 18% in November.
123jump.com Staff
04 Jan, 2010
New York City
Novartis agreed to acquire Alcon Inc for additional $39.3 billion. The Swiss pharmaceutical giant will pay $28.1 billion to gain 52% stake from Nestle and $11.2 billion to minority share holders. The two-tier price offered by Novartis may not go well with independent directors at Alcon.
123jump.com Staff
04 Jan, 2010
New York City
U.S. stocks followed the gains in Europe and Asia. Two separate reports in China suggest a robust manufacturing expansion and India reported better than expected data. Crude oil and natural gas gained after record low temperatures in the U.S. and record snowfalls in China and Korea.
123jump.com Staff
31 Dec, 2009
New York City
U.S. stocks fell on the last day of trading and closed up in the year. The S&P 500 index added 24% and the Dow increased 19%. European markets gained more than 22%. Russia led the world markets with a surge of 126% followed by gains of more than 80% in Brazil, India and China.
Darlington Musarurwa
31 Dec, 2009
New York City
China region stocks closed higher on the last trading day of the year. The benchmark indexes in Shanghai surged 80% and in Hong Kong advanced 53% in the year on a large government stimulus and increase bank lending.
Mayank Mehta
31 Dec, 2009
New York City
European markets closed mixed today but close up in the year. The benchmark index in Norway led the region with a rise of 70% and indexes in German gained 25% followed by increase of 22% in France and UK. Toronto judge approved $12 million settlement for Air France accident four years ago.
Mayank Mehta
31 Dec, 2009
New York City
UK stocks advanced 22% in the year and rebounded 53% from their lows in March. The index lost 31% in 2008 and lost 22% in the decade. Miners, banks and home builders gained. UK home prices increased for the eighth month in a row.
Mayank Mehta
31 Dec, 2009
New York City
YRC Worldwide reached a last minute agreement with its bond holders that will dilute shareholders more than expected. Scanning and detection security systems providers surged for the second day in a row on the hopes of higher sales after a failed terrorist attempt.
