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Output, Earnings Lift European Markets

Mayank Mehta
14 Apr, 2010
New York City

European markets closed higher after earnings momentum and an increase in industrial production lifted the sentiment. European chipmakers Infineon Technologies AG and STMicroelectronics NV traded higher after Intel Corp estimated higher worldwide demand.

JPMorgan Chase, Intel and CSX Rise

123jump.com Staff
14 Apr, 2010
New York City

W.W. Grainger, Inc led the decliners in the S&P 500 index with a loss of 3.0%. CSX Corp first quarter net rises 24% to $306 million. Intel Corp gains after it estimated higher sales in the second quarter. JPMorgan Chase first quarter net surged 55.6% on 11% rise in revenues.

Retail Sales, Inflation Data Lift U.S. Stocks

123jump.com Staff
14 Apr, 2010
New York City

Stocks in the early trading scaled higher after JPMorgan Chase reported better than expected earnings, retail sales in March gained and core rate of inflation was in line with the Fed range in March.

NAB Lifted Australian Growth Estimate

Darlington Musarurwa
13 Apr, 2010
New York City

Australian business conditions improve in March according to the private survey by the National Bank of Australia. The bank also lifted its estimate of economic growth to 3.5% from 3%. Coal shipments declined 6% in the last week.

Yen Advances; Stocks in Tokyo Fall

Darlington Musarurwa
13 Apr, 2010
New York City

Japan

Earnings Outlook Drives U.S. Indexes

123jump.com Staff
13 Apr, 2010
New York City

Earnings expectations drove market indexes higher at close after a weakness in the morning trading. Greece completed the offering of short term debt. Commodities declined. The S&P 500 index is approaching 1200 and the Dow at 11000 is viewed by many as twin resistance levels.

Inflation Worries in India; Infosys Up

Mayank Mehta
13 Apr, 2010
New York City

Stocks in Mumbai traded lower on the worries that rising inflation may prompt government to lift rates. Infosys gained after fourth quarter results and indicate higher sales in the current year.

UK Stocks Lower; Debenhams Fall

123jump.com Staff
13 Apr, 2010
New York City

UK stocks closed lower tracking losses in commodities. Debenhams plc first-half net profit falls. Oxford Catalysts Group fiscal year 2009 loss widens. Grainger plc sales pick up. Tullow Oil plc finds oil at a field in Uganda.

Greece Debt Sale; LVMH Up, Helvetia Down

Mayank Mehta
13 Apr, 2010
New York City

European markets closed lower. Greece completed the sale of Treasury bills that drew strong interest from investors however there is a growing doubt that the nation can complete bond sales of five years or longer maturity.

Ambac, Boots & Coots and Palm Surge

Mayank Mehta
13 Apr, 2010
New York City

Aloca Inc declined after quarterly sales were lower than expected and reported narrower loss. Palm is in discussion with Asia based companies that may result in the company sale. Peabody Energy is negotiating with Coal India for long term supply.

U.S. Trade Deficit Rebounds

123jump.com Staff
13 Apr, 2010
New York City

U.S. trade deficit rebounds in February with the bounce in the economy. Imports surpass the exports in the month and the U.S. recorded its largest deficit with China, $16.5 billion.

Stocks, Commodities Decline in New York

123jump.com Staff
13 Apr, 2010
New York City

Stocks and commodities in New York traded lower after Alcoa reported weaker than expected quarterly sales but narrower loss. U.S. trade deficit in February rose. Greece attracts more investors at its debt sale after emergency aid from the EU and the IMF.

China Stocks Decline; Tighter Lending

123jump.com Staff
12 Apr, 2010
New York City

Stocks in Shanghai and Hong Kong declined after banks in Beijing tighten mortgage lending for second homes. Property developers led the decliners. Airlines closed higher on the expectations that strengthening yuan will help carriers to pay foreign debts.

World Markets Close Higher; Alcoa Loss Narrows

123jump.com Staff
12 Apr, 2010
New York City

U.S. stocks edged higher ahead of the earnings season and after the close Alcoa said first quarter loss narrowed to $210 million or 20 cents a share. The euro closed higher after the EU and the IMF offered $61 billion in emergency financial aid at below market rate.

Australian Mortgage Loans Drop 3.4% in Feb

Darlington Musarurwa
12 Apr, 2010
New York City

Home loan approvals in Australia fell 3.4% in February. South Korean steelmaker Posco is likely to support the deal between Macarthur Coal and Gloucester Coal deal.

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