ticker

Dollar Rallies, Gold Plunges; Stocks Struggle

Mukesh Buch
04 Dec, 2009
New York City

Tech stocks retained their gains at close in New York but the Dow and the Nasdaq lost early gains. The jobs report set the stage for a rally in stocks and gold plunged 4.5% and yields on Treasuries increased. The unemployment in November edged lower surprising most economists.

European Markets Gain on U.S. Jobs Data

Mayank Mehta
04 Dec, 2009
New York City

The European markets indexes closed higher after the release of better than expected jobs data in the U.S. Biotest AG gained 4% after it won the EU approval to market its hepatitis drug in the region. Volkswagen receives shareholders approval to issue up to 135 million preferred shares.

Listless Trading in London, Berkeley Group Up

Mayank Mehta
04 Dec, 2009
New York City

The UK stocks increased slightly after trading listless in the session. The Berkeley Group Holdings first-half profits slides but the stock gains. The software developer Innovation Group plunged 11% after it reported a wider annual loss.

Big Lots, Monster Rise; Take-Two Plunges

Mayank Mehta
04 Dec, 2009
New York City

Employment services provider surged after the release of better than expected unemployment data in November. Big Lots surged after it reported better than expected earnings. Bank of America increased after it completed $19.3 billion rights offering.

U.S. Indexes Rally; BofA Raises $19 B

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

The U.S. benchmark indexes gained after the release of November unemployment data. The job losses in the month declined to 11,000 and unemployment rate decreased to 10%. Bank of America raised $19.3 billion and plans to repay TARP funds of $45 billion.

More Stimulus in Japan; AA Offers $1.1 B JAL

Darlington Musarurwa
04 Dec, 2009
New York City

Japan government is expected to unveil 24 trillion yen stimulus plan and the Bank of Japan will provide 10 trillion yen short term liquidity. TSE asked to pay 10.71 billion yen in damages. American Airlines proposes $1.1 billion offer of JAL.

India 3G Sprectrum Sale; FDI Flows $18 B

Mayank Mehta
04 Dec, 2009
New York City

India may sell 3G wireless spectrum license on January 14 and raise as much as $5 billion. Coal imports from Australia and Indonesia is expected to increase as India builds more power plants. Portfolio foreign investments in the seven months to October exceeded $18 billion.

Stocks in Japan Surge as the Yen Weakens

Mayank Mehta
03 Dec, 2009
New York City

Stocks in Japan surged after the yen weakened. The yen declined less than 0.5% from its 14-year high but traded near its recent highs for the year. Capital spending at Japanese companies in the quarter to September decreased 25.7% from a year ago.

Incitec Pivot Bond Offering; Australian Index Up

Mayank Mehta
03 Dec, 2009
New York City

Australian stocks and dollar held firm. Incitec Pivot plans at least $500 million debt offering. Resource stocks advance as gold and other metals advance. Arrow Energy climbs on positive comments. Caltex Australia declines after an analyst downgrade.

Steel and Automakers Lead Gainers in India

Mayank Mehta
03 Dec, 2009
New York City

Stocks in Mumbai traded higher. DLF plans listing in Singapore. Ashok Leyland unit auto sales double in November. The steelmaker JSW

Axa Raises

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

European markets generally closed lower. The ECB President suggested to wind down various loan programs as the economy recovers in 2010. Air France plans to revamp its European operations. AXA completes

Bernanke Defends AIG Bailout; Stocks Fall

Mukesh Buch
03 Dec, 2009
New York City

U.S. stocks traded mixed as commodities declined. Fed Chairman Bernanke faced tough questions from lawmakers and questioned Fed

UK Stocks Volatile; Resource Stocks Fall

Mayank Mehta
03 Dec, 2009
New York City

UK stocks traded volatile as commodities edged lower. Resource stocks declined as copper, zinc and precious metals decreased. The pub operator Marston

Ciena, Family Dollar, Toll Brothers Fall

Mayank Mehta
03 Dec, 2009
New York City

Family Dollar Stores, Inc led the decliners in the S&P 500 index with a loss of 6.4%. Aeropostale, Inc fell after third quarter earnings release. Synopsys, Inc fourth quarter net income declined 58%. Del Monte Foods raises earnings guidance to be in-line with estimates.

U.S. Stocks Sideways; Services Shrink

Mukesh Buch
03 Dec, 2009
New York City

U.S. stocks traded sideways. General Electric and Comcast agreed to form a venture that will transfer the majority stake in NBC Universal to cable company. The service industry index in November fell and weekly claims in the last week decreased.

Market Update