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China Markets Trade Lower; HSBC, Sands Fall

123jump.com Staff
02 Mar, 2010
New York City

Markets in Hong Kong and Shanghai traded after commodities eased and resource stocks traded lower. Hong Kong stocks also decreased following weaker than expected earnings from HSBC. Coal and metals stocks declined in Shanghai after coal prices eased 3% in the previous week shipments.

UK Stocks in 3-Day Rally; Prudential Falls 8%

Mayank Mehta
02 Mar, 2010
New York City

UK stocks closed higher for the third day in a row as commodities continue to rally and sentiment in Europe improve. Greece is inching closer to finalize the terms of bailout with Germany and France and is expected to announce deeper budget cuts. Prudential Plc dropped 20% in two days.

European Markets Up; Peugeot, Lufthansa Rise

Mayank Mehta
02 Mar, 2010
New York City

European markets rebounded for the second day after Greece is likely to deepen budget cuts. Automakers gained after PSA Peugeot Citroen indicated positive outlook for the year. Luxottica Group fell after earnings declined. Lufthansa reported lower than anticipated loss.

Terra, Domino's Pizza, Dress Barn Rise

123jump.com Staff
02 Mar, 2010
New York City

Staples, Inc led the decliners in the S&P 500 index. Terra Industries surged 12% after it received a higher bid from CF Industries. Fresh Del Monte net up 23% and sales rose 4.9%. Bridgepoint Education, Domino

New York Stocks Rally on Greece, India

123jump.com Staff
02 Mar, 2010
New York City

U.S. stocks retained a positive bias on improved sentiment. Greece and EU inch closer to terms of the bailout. Terra industries surged 12% after it received a higher bid from CF Industries that valued the company at $4.73 billion or $47.40 a share.

Australia Lifts Key Rate to 4%

Darlington Musarurwa
02 Mar, 2010
New York City

Reserve Bank of Australia raises rates to 4%. Australian building approvals fall 7% in January. Retail sales rise 1.2% to A$20.1 billion in January. Tatts Group buys NSW lotteries for A$850 million.

Tokyo Jobless Rate Drops to 4.9%

123jump.com Staff
02 Mar, 2010
New York City

Jobless rate in Japan dropped to 4.9% in January. Household spending increased 1.7% in January. Astella Pharmaceuticals Inc offered $52 a share for OSI Pharmaceuticals.

India Stocks Surge on Exports, Auto Sales

Mayank Mehta
02 Mar, 2010
New York City

The benchmark index in Mumbai surged 2.1% after January exports increased 11.5% on a rising demand in Europe and expanding sales of jewelry. Manufacturing expanded for the eleventh month in a row. Maruti, Tata Motors, TVS and Bajaj Auto sales surge in February.

Chinese Manufacturing Expansion Slows

Mayank Mehta
01 Mar, 2010
New York City

Hong Kong and Shanghai benchmark indexes increased on a rise in commodities prices. Resource stocks surged. Manufacturing index expanded at a slowest pace in nearly a year and the new orders index tumbled in February.

Australian Profits, Current Account Deficit Rise

Darlington Musarurwa
01 Mar, 2010
New York City

Australian benchmark index gained on higher resource stocks and commodities prices. Company profits increased 2.2% in the last quarter. Rio Tinto raised its stake by 2.7% in Canada based Ivanhoe Mines. Australian current account deficit rises 19% to A$17.5 billion in December.

Tokyo Stocks Advance; Auto Sales Surges 35%

Darlington Musarurwa
01 Mar, 2010
New York City

New car sales in Japan surges 35.1% in February. Finance Minister Kano told lawmakers that he wants prices to rise by the end of the year and hopes that aggregate demand will improve.

Deals of $43 Billion Drive U.S., Europe Stocks

123jump.com Staff
01 Mar, 2010
New York City

Three deals worth $43 billion lifted market sentiment. Personal spending gained more than expected and personal income increased less than anticipated. The dollar strength led commodities to decline but copper closed higher.

Greece Bailout Talks Lifts European Markets

123jump.com Staff
01 Mar, 2010
New York City

European markets indexes closed up 2% on a speculation that Greece is inching closer to a bailout package of

UK Stocks, Pearson Rally; HSBC, Prudential Drop

Mayank Mehta
01 Mar, 2010
New York City

UK stocks closed higher on a rally in resource stocks and commodities. Prudential Plc dropped 12% after it agreed to acquire Asia unit of AIG for $35.5 billion. Pearson plc increased after it reported better than expected earnings. HSBC declined 5.2% after it reported higher loan loss charges.

U.S. Stocks Advance; Manufacturing Slows

123jump.com Staff
01 Mar, 2010
New York City

U.S. stocks advanced after manufacturing expanded for the seventh month in a row. AIG agreed to sell its Asian unit to Prudential Plc for $35.5 billion. Merck KGaA agreed to pay $6 billion beating the offer from Thermo Fisher for Millipore. Copper gained nearly 2%.

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