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European Markets Advance

Darlington Musarurwa
28 Dec, 2009
New York City

European markets closed higher on the estimates of higher retail sales in the holiday period. Renewable energy companies gained after China approved legislation. Oil and commodities processors advanced on larger than targeted economic expansion in China.

European Markets Advance; K+S Offering

Mayank Mehta
11 Dec, 2009
New York City

European markets closed higher. Club Mediterranee posts fiscal-year loss. Thales SA plans to save

UK PPI Rises; Dragon Oil REjects ENOC Bid

Mayank Mehta
11 Dec, 2009
New York City

UK stocks wavered but closed higher. The producer price index increased 2.9% in November. Carillion gained 2% after it estimated sales increase of 10%. Resource stocks generally traded higher after China reported a surge in industrial activities.

Retailers JC Penney, Saks Rise, IMS Falls

Mayank Mehta
11 Dec, 2009
New York City

Resource stocks gained after commodities prices increased on the hopes that Chinese industrial growth will sustain the world demand. Christopher & Banks surged after less than expected quarterly sales decline. Retailers gained after government reported higher sales in November. NCR Corp increased on a broker upgrade.

Industrial Output Up in India; IPOs in Demand

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

Finance Minister Mukherjee said that government is likely to meet its tax revenue collection target for the current fiscal year on higher direct tax collection. The Lok Sabha approved additional $5.5 billion in spending. Industrial output jumped 10.3% in October.

Resource Stocks Lead Gainers in New York

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

U.S. stocks open higher after commodities and energy prices inch ahead in the early trading. November retail sales increased 1.3% from the revised October sales of 1.1%. November import price index increased 1.7% driven by a surge of 7.3% in fuel prices. Resource stocks trade higher in New York.

Sara Lee Sells Ambi Pur to P&G

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

Procter & Gamble agreed to acquire Ambi Pur and toilet care products from Sara Lee Corp for

Stocks in New York Track World Markets Gains

Mukesh Buch
11 Dec, 2009
New York City

Markets in Asia closed higher and in Europe traded up at mid-day. Stocks in New York are expected to open higher after Chinese industrial production and retail sales surged more than expected. Commodities in New York and London trade higher on China demand.

China Domestic Demand Drives Output Surge

Mukesh Buch
11 Dec, 2009
New York City

Chinese industrial production soared 19.2% in November, trade deficit shrank to the lowest level in the year, retail sales increased 15.8% in the month and consumer prices increased for the first time since January. Industrial production in India also surged.

U.S. Stocks, Gold Rebound; Oil Weakness

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

U.S. stocks closed higher on the hopes that stable job markets may presage economic recovery maybe taking hold. Crude oil traded below $70 a barrel but managed to close higher. AOL Inc traded lower after it was split-off from Time Warner Inc. Goldman Sachs agreed to limit bonuses in stock payment.

China Imposes Tax on Property Speculators

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

China took steps to control housing market speculation and imposed additional tax on property that is sold in less than five years. China extended tax rebate for the purchase of automobiles and home appliances. Automakers and electronics retailers increased in Shanghai trading.

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

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