Mayank Mehta
30 Dec, 2009
New York City
Finance Minister Mukherjee said India cannot sustain its current high fiscal deficit and need to strike a balance between growth and inflation. Budget deficit is expected to surge to record 16-year high. Stocks decline after gaining 5% in four days in a row.
Darlington Musarurwa
30 Dec, 2009
New York City
China is expected to a sharp increase in inflation in December as energy and commodities prices rise. China estimated $16 billion of international inflows in November that may be contributing to the asset price inflation.
Darlington Musarurwa
30 Dec, 2009
New York City
Japan targets 3% nominal economic growth through 2020 and 2% real growth on higher spending for green technology, tourism and education. Number of companies delist from Tokyo Stock Exchange and Osaka Securities Exchange increase to 160 from 82 a year ago.
Darlington Musarurwa
30 Dec, 2009
New York City
Australian stocks edged lower tracking lower commodities prices in a subdued trading. The Australian dollar declined 0.5% to 89.06 U.S. cents. The coal seam gas explorer Westside agreed to buy Anglo American stake in Dawson Seamgas. New Zealand lending rises 2.8% in November.
123jump.com Staff
30 Dec, 2009
New York City
U.S. stocks in a volatile trading closed higher on light volume. The benchmark indexes in U.S. and Europe are set to close the year with more than 22% gains. The U.S. Treasury auction of $32 billion of seven year bonds came in at 3.345% yield.
123jump.com Staff
30 Dec, 2009
New York City
European markets declined as most indexes in the region have surged between 20% and 25%. The nuclear reactor maker Areva SA is in discussion with California based energy group to build two plants. Euromedis Groupe first quarter sales increased 11%.
Mayank Mehta
30 Dec, 2009
New York City
UK stocks decreased following a weakness on commodities prices. The pound and the euro edged lower against the dollar. Panmure Gordon expressed positive outlook for 2010. Segro sold its stake in a joint venture with Tesco to British Land.
123jump.com Staff
30 Dec, 2009
New York City
Banks and retailers were among the most active stocks in New York. Security technology related stocks surged after a failed terrorist attempt to explode a device on a flight. CareFusion declined after the parent Cardinal Health plans to sell more stocks. Trico Marine Services guided earnings lower.
123jump.com Staff
30 Dec, 2009
New York City
U.S. stocks wavered in the morning trading. The dollar firmed after the business activity measure suggested a larger expected increase in December. Gold and crude oil traded lower.
Darlington Musarurwa
29 Dec, 2009
New York City
In weak Tokyo trading stocks traded sideways as banks in Japan look for more capital. Sumitomo Mitsui Financial Group is looking to raise additional capital. Banks in Japan may take ten years before they meet international capital requirements. JAL labour union to accept pension benefit cuts.
Darlington Musarurwa
29 Dec, 2009
New York City
Stocks in Shanghai and Hong Kong gained on the optimism about the economy. Commodities and natural resource related stocks increased. China added 454 tons of gold in the current year, the largest purchase by any nation. China CNR Corp rose 2.3% in its first day of trading.
Darlington Musarurwa
29 Dec, 2009
New York City
Australian stocks gained after commodities and precious metals rallied. Sumitomo Chemical Co. buys 20% stake in Nufarm, dumps Sinochem. Avoca makes unconditional takeover offer of Dioro Exploration.
123jump.com Staff
29 Dec, 2009
New York City
U.S. stocks traded sideways as commodities remained near their multi-year highs. Same store retail sales at stores increased 2.3% in the week ending December 26. The dollar edged higher against the euro and the yen.
Mayank Mehta
29 Dec, 2009
New York City
European markets edged higher with most markets are set to register at least 20% gains in 2009. The DAX index in Germany is up 25%, CAC 40 index is ahead 23% and FTSE 100 index has gained 22%. The broader indexes have gained the most in four years.
Mayank Mehta
29 Dec, 2009
New York City
UK stocks gained for the fifth day in a row as it rebounds to pre-Lehman crisis level and recover 53% from its lows in March. The index is up 22% for the year. Vodafone Group acquired a Turkey based telecom operator. Natural resource stocks lead gainers as copper and metal prices gain.
