123jump.com Staff
16 Jan, 2008
New York City
Hong Kong stock index, Hang Seng suffered its worst one-day decline in the last six years on the back of a fall in the U.S. indexes. Hang Seng index fell 5.4% or 1,386.93 to 24,450.85. Financials, property developers, and shipping companies fell in the session. Asian markets fell across the region with Hong Kong and Indonesia falling more than 5%, Japan declining 3.4%, and Korea and India losing more than 2%.
123jump.com Staff
16 Jan, 2008
New York City
Tokyo stocks declined, tracking losses in the U.S. and European markets. Nikkei 225 plunged 3.35% or 468.12 to 13,504.51, while the broader Topix Index slid 47.83 to 1,302.37. In a barrage of economic news market sentiment soured on weak domestic economy and weaker global investment setiment. Machinery orders fell 5.9% in November, domestic corporate goods price index rose 2.6% in December, and export price index fell 1.8%. Preliminary November trade surplus rose to 9.32 trillion yen.
123jump.com Staff
15 Jan, 2008
New York City
Financial markets across Europe fell on the global slowdown as U.S. markets fell. Uk, Norway, and Spain fell more than 3%. France, Germany, and Switzerland declined more than 2%. Hypo Real Estate fell 35% after it revealed losses in subprime lending in the U.S. Commerzbank dropped 8$ and TUI fell 6%. Total S.A. said that fourth quarter profit rose 32% on higher refining margin of $30.10 ton. Accor revenue in 2007 rose 6% to 8.12 billion euros.
123jump.com Staff
15 Jan, 2008
New York City
U.S. stocks fell sharply as investors grew nervous of the impending slow-down in the economy. The growing perception that the ongoing housing market correction will eventually slow-down the economy. Citigroup reported 70% decline in revenue and a loss of $9.8 billion on $18.1 billion write down related to subprime and consumer lending. Merrill and Citigroup are in deals to secure $21 billion in investments from investors in Singapore, Japan, Korea, and Middle East. Intel earnings jumped 51%.
123jump.com Staff
15 Jan, 2008
New York City
UK stocks fell after a sell-off in the U.S. markets and worries related to housing market resurfaced. FTSE 100 index fell 3.06% or 190.1 to 6,025.60. Annualized consumer price index in December held steady at 2.1% compared to a year ago. The statistics office added that Retail Price Index fell to 4% in December from 4.3% in November while the RPIX inflation, excluding mortgage interest payments, dropped to 3.1% in December.Taylor Wimpey led decliners of the FTSE 100 index with a loss of 7.7%.
123jump.com Staff
15 Jan, 2008
New York City
U.S. stocks fell sharply after more than two hours of trading. Weak retail sales, worries related to housing market, and a huge loss from Citigroup weighed on the market sentiment. Citigroup reported $9.8 billion of losses and cut the quarterly dividend by 41%. The bank also plans to raise $15 billion. Merrill Lynch said that it has raised $6.6 billion from sovereign funds controlled by Middle East, Mizuho Financial in Japan, Singapore and former Chairman Sandy Weil.
123jump.com Staff
15 Jan, 2008
New York City
The Bank of Japan lowered its ecoomic outlook for several regions across the country as economic conditions deteriorate. Weeak housing market on tough standards for issuing building permits is the main reason for the weak economic growth. Nikkei 225 declined 0.98% ot 138.16 to 13,972.63. Fast Retailing rose 8.8% after it reported first quarter sales increase of 11% adn profit rise of 8.7%.
123jump.com Staff
15 Jan, 2008
New York City
U.S. stocks declined sharply in the morning hours after a weak retail sales in December and huge loss from Citigroup. December retail sales declined 0.4% from November but rose 4.1% from a year ago. Total retail sales for the year 2007 were up 4.2% from 2006. Citigroup reported fourth quarter revenue decline of 70% and a loss of $9.83 billion or $1.99 per share. Subprime-loan and consumer creidt losses in the quarter were $18.1 billion.
123jump.com Staff
15 Jan, 2008
New York City
Australian stocks traded lower as investors worried that global credit market may have further to fall. ASX 200 index declined 0.3% or 20 to close at 5,960. Centro Properties chief executive Andre Scott resigned. The head of the U.S. malls division Glenn Rufrano is installed as the CEO and negotiate with banks. BHP is expected to make a bid for Rio Tinto ahead of the deadline. Qantas was fined by a U.S. judge for $68 million.
123jump.com Staff
14 Jan, 2008
New York City
German stocks closed higher after SAP reported better than expected software licensing revenue. HeidelbergCement annua profit jumped 38% after the purchase of UK based Hanson Plc. Allianz gained after it reported to reduce its stake in Munich Re and increase dividend and stock buyback. The French hotel group Accor gained ahead of earnings and construction company Eiffage soared 7% after local broker raised its rating. November industrial production in Italy fell 0.9%.
123jump.com Staff
14 Jan, 2008
New York City
U.S. stock averages rose after a rally in commodities prices and better than expected earnings from IBM. Tech stocks rose higher after IBM fourth quarter sales rose 10% and earnings gained 24%. Sandisk, Intel, Hewlett Packard, and Cisco closed higher. Sears lowered its earnings outlook for the fourth quarter hurting stocks in the retail sector. Wellcare Health Plans jumped 20% after several states renewed contracts. Gold closed above $900 and crude oil in Nymex closed up $1.49.
123jump.com Staff
14 Jan, 2008
New York City
Takover news dominated stock market in Australia today. ASX 200 index lost 0.03% or 1.16 to close at 5,980. Takeover battle heated up as Sinosteel battles for Midwest. In another protracted deal negotiations, Primary Healthcare increased its stake in Symbion to 37.5%. Allegiance Mining is likely to ask shareholders to reject an offer from Zinifex.
123jump.com Staff
14 Jan, 2008
New York City
UK stocks closed higher led by a rise in home builders and construction stocks. FTSE 100 index gained 0.2% or 13.70 to 6,215.70. Balfour Beatty said that its full year earnings are likely to be at the top end of the earings estimates. Of the FTSE 100 index shares Hammerson led advancers with a rise of 9.27% followed by gains in Persimmon of 6.87%, in Liberty International Plc of 6.45%, in British Land Corporation of 5.06%, and in Enterprise Inns of 4.51%. UK producer price index rose to 5%.
123jump.com Staff
14 Jan, 2008
New York City
U.S. market averages traded higher after a rally in tech stocks sparked after IBM reported fourth quarter earnings. Nasdaq increased 1% or 25.25 to 2,465.42 and led the other indexes. Sears plunged as much as 10% after it warned that the fourth quarters earnings may be 51% lower. Same store sales in the nine week period declined by 2.4%. Other retail stocks fell in sympathy. Gold increased $12 to $909 and oil edged 2% higher lifting metals and energy companies.
123jump.com Staff
14 Jan, 2008
New York City
U.S. stocks are indicating higher opening after a preliminary earnings report from IBM. Fourth quarter revenue increased 10% to $28.9 billion and earnings per share rose 24% to $2.80. For the full year earnings per share increased 18% to $7.18 and revenue increased to $98.8 billion. Sears fell 11% after it said that the fourth quarter earnings will be below previous estimates.
