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Australian Unemployment Falls; Stronger Dollar

Darlington Musarurwa
10 Dec, 2009
New York City

November unemployment rate decreased 0.1% to 5.7%. Export earnings from mineral resources in three months to September declined 2% as the Australian dollar strengthens. Santos Ltd declined 5% after it guided lower output in 2010.

Machinery Orders Increase in Japan, Stocks Fall

123jump.com Staff
10 Dec, 2009
New York City

Machinery orders in Japan increased 3.2% in October and orders fell 4.5% excluding volatile power machinery orders. The Bank of Japan plans to offer short term lending of 800 billion yen and accept government bonds as collateral.

European Markets Stable; German Deficit to Rise

Mayank Mehta
10 Dec, 2009
New York City

Markets in Europe stabilized today but face a heightened stress from the possible fallout from Greece and Ireland. German federal deficit in 2010 is expected to increase to 6% of GDP. Inditex nine months net declines. Daimler AG and its workers reach an agreement to maintain jobs till 2013.

UK Stocks Rebound; DS Smith, Premier Farnell Up

Mayank Mehta
10 Dec, 2009
New York City

UK stocks edged higher after the Bank of England left its key lending rate at 0.5%. The central bank also left its plan to purchase

AOL Opens Lower; Pall, Costco Rise

Mayank Mehta
10 Dec, 2009
New York City

AOL Inc declined 2.5% after it was spinoff from Time Warner Inc. Ciena Corp declined after its quarterly loss increased. Costco Wholesale Corp fiscal first quarter net meets analysts

Food Prices Surge in India; Telecom, Buidlers Up

Mayank Mehta
10 Dec, 2009
New York City

Wholesale price index at the end of last week increased and food price index surged the most in eleven years. RBI Governor Rao does not see foreign capital flows contributing to asset bubble and the central bank permitted telecom and builders to access capital in international markets.

U.S. Stocks Open Higher; Deficit Falls

123jump.com Staff
10 Dec, 2009
New York City

U.S. stocks open higher after weekly jobless claims stabilize and trade deficit declined in October. The Bank of England left its key lending rate at 0.5% and kept in place its bonds purchase plan. Korea and Iceland lowered their lending rates.

BoE on Hold on Rates, Bond Purchase Plan

123jump.com Staff
10 Dec, 2009
New York City

The Bank of England left its key rate to 0.5% and its

Australia Trade Deficit Grows; Fewer Home Loans

Darlington Musarurwa
09 Dec, 2009
New York City

Mortgage loans in Australia fell 1.4% in October to A$23.3 billion and trade deficit in the month grows to A$2.4 billion. Preliminary estimate of consumer confidence falls 3.8% in December.

Japan Economic Growth Lowered; Suzuki Up

Darlington Musarurwa
09 Dec, 2009
New York City

The fiscal second quarter economic growth was revised downward to annual rate of 1.3% from 4.8% in the previous estimate. Japan plans to issue 44 trillion yen bonds in 2010. Suzuki sold 20% stake in Volkswagen AG and plans to use part of the proceeds to repay debt.

Crude Oil, Metals Drop; U.S. Stocks Rebound

123jump.com Staff
09 Dec, 2009
New York City

Crude oil closed lower today and has now fallen more than 12% in the last fifteen days. Gold and U.S. Treasuries edged lower. U.S. stocks closed higher despite worries that emerging markets may suffer another debt downgrade.

Spain, Greece, Ireland Debt Worries in Europe

Mayank Mehta
09 Dec, 2009
New York City

The weakness in banks dragged European markets lower at close. Investors fear that debt downgrades at Spain, Europe and emerging nations may generate more losses at banks. VW and Suzuki finalized their cross-investment and joint collaboration.

UK Proposes to Tax Banker Bonuses, Raise Tax

Mayank Mehta
09 Dec, 2009
New York City

UK plans to tax banker bonuses with 50% levy and will also increase national insurance contributions to pay for the bank bailout and economic stimulus. BHP Billiton sells Ravensthorpe for $340 million.

Movado, Men's Wearhouse and Kroger Plunge

Mayank Mehta
09 Dec, 2009
New York City

Dr Pepper Snapple will receive one time payment of $900 million to license certain brands to PepsiCo. Movado Group plunged after it reported sharply lower quarterly earnings. Kroger and Men

VW Acquires 20% Stake in Suzuki; India Exposure

123jump.com Staff
09 Dec, 2009
New York City

Volkswagen AG and Suzuki Motor acquire stakes in each other as the German auto maker looks for growth in small car segment in India. VW will pay $2.5 billion for nearly 20% stake in Suzuki. Only a decade ago VW had questioned the need to be in India and relied on China and Brazil of sales increase.

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