123jump.com Staff
10 Jan, 2008
New York City
Australia is likley to miss most of the impact from the potential U.S. economic recession. Australia may b hurt if the Chinese demand slows down, but there may be a lag in the economi cycles. Economist Richard Gibbs of Macquarie Group said on the ABC Radio in Australia. The U.S. accounts only 7% of total Australian exports and economic slow down in the U.S. is not likely to have a direct impact on the Australian economy.
123jump.com Staff
10 Jan, 2008
New York City
The world number one aluminum maker
123jump.com Staff
10 Jan, 2008
New York City
Stocks in Japan fell on the worries that real estate stocks may be hurt in the domestic market as foreign banks may be forced to sell their holdings. Nikkei 225 dropped 1.45% or 211.05 to 14,388.11 and broader Topix Index declined 1.6% or 22.93 to 1,401.36. The Cabinet Office reported the leading index of economic performance dropped to 10.0 in November from 18.2 in October. Of the ten indicators nine indicated a contraction.
123jump.com Staff
08 Jan, 2008
New York City
Stocks in Japan edged higher afte a concerted efforts by business leaders and several analysts to encourage people to buy stocks. Several business leaders sggeste that Japanese stocks are undervalued. However, the positive statements did not help stock market. Nikkei 225 index edged 0.2% or 28.12 higher to 14,528.67 and Topix gained 0.74% or 10.35 to 1,403.06. Stocks in shipping, banking, and metals sectors advanced.
123jump.com Staff
07 Jan, 2008
New York City
Stocks in Australia fell sharply after investors worried that U.S. economic slow-down may spark a fall in commodities prices. ASX 200 index fell 2.3% or 145.20 to close at 6,161.60. Rio Tinto expressed an interest in acquiring Canada based Xemplar Energy. Xemplar controls uranium deposits in Namibia. ANZ was the second largest bank in Australia to raise interest rate in the last two days. Lynas Corp led the gainers and Fortescue led the decliners in the ASX 200 index.
123jump.com Staff
07 Jan, 2008
New York City
UK stocks edged lower after a survey of businesses prdecited a tougher business climate in the next six months. FTSE 100 index declined 0.2% or 12.80 to close at 6,335.70. Of the stocks in FTSE 100 index, 70 declined, 30 gained, and 2 remaied unchanged. Mark & Spencer and Sainsbury declined on the worries that holiday sales may not be as strong as estimated. Next and Kingfisher declined in sympathy as well. Metals and mining stocks fell.
123jump.com Staff
07 Jan, 2008
New York City
U.S. stocks traded sideways by mid-afternoon. Consumer sensitive stocks were weak in the morning trading hours. The three popular averages edged fractionally higher. Jeffries Group plunged 10% after it disclosed a loss of $24 million from two trading accounts involving its own capital. Jeffries also said that executives in the company will forgo bonuses and have closed two accounts. MasterCard fell for the fifth tradig day in a row. MSCI stock fell for the fourth trading day in a row.
123jump.com Staff
07 Jan, 2008
New York City
Stocks in India bucked the global and regional trends and closed higher. Sensex Index gained 126 or 0.6% to close at 20,812. Eighteen of the 30 stocks in the Sensex fell. Banks rallied after the news reports that the government is considering to scrap licensing requirements to open new bank branches. ICICI, State Bank of India, and Bank of India rose.
123jump.com Staff
07 Jan, 2008
New York City
In Hong Kong trading Hang Seng dropped 1.2% or 340.20 to 27,179.49, while the China Enterprises index of H shares declined 2% or 312.66 to 15,590.74.Daily turnover on the main board was recorded at HK$113.5 billion compared to HK$99.8 billion on January 4.Construction companies stocks rose on the hope that the interest rates will be lowered in the U.S. at the end of this month.
123jump.com Staff
07 Jan, 2008
New York City
Stocks in Japan declined as investors worried that the U.S. economy may slow down considerably. The U.S. market averages tumbled on Friday after the release of employment report. Today Nikkei 225 dropped 1.3% and broaer Topix index lost 1.4% and closed below 1,400 for the first time in two years. Copper prices fell 0.9%, nickel slipped 2.6% and zinc tumbled 3.1%. Nippon Mining Holdings declined 1.34%, Sumitomo Metal Industries edged down 1% and Nippon Steel shed 2.84%.
123jump.com Staff
03 Jan, 2008
New York City
State Street jumped 6% to $84.65 after it said that it has booked a reserve of $618 million to cover the legal and other expenses arising from the fixed income investments made by its investment arm called State Street Global Advisors. The company will book a charge of 71 cents or $279 in the fourth quarter of 2007.
123jump.com Staff
03 Jan, 2008
New York City
The U.S. stocks traded sideways after the weekly jobless claims fell at the end of the last week and gold and oil traded near elevated levels. Front month futures of sugar, soy, and wheat added more than 2% in the morning trading. Monsanto first quarter earnings nearly tripled on rising sales in Brazil and Argentina.
123jump.com Staff
03 Jan, 2008
New York City
Stocks in Mumbai trading fell in sympathy with the regional trend and global sentiment. Sensex in Mumbai trading dropped 0.6% or 120.10 to close at 20,345.20 and CNX Nifty edged 0.1% lower to 6,178.55. Cement stocks fell sharply after the government issued a stern warning and threatned to takeover companies that do not toe the line on price control. IT stocks declined on rising rupee and persistenet worries of the U.S. economic slowdown.
123jump.com Staff
03 Jan, 2008
New York City
Hong Kong stocks declined for the second day in a row in the new year as investors worried that a U.S. economic slowdown coupled with rising commodities prices will hurt the global economy. Hang Seng index fell 2.5% or 673.24 to 26,887.28. Gold mining companies rose but oil explorer and refiners fell despite a sharp rise in oil prices. Sinoma and China Communication jumped. Singapore Air is reported have refused to raise its offer for China Eastern.
123jump.com Staff
03 Jan, 2008
New York City
Australian stocks declined as investors worried that rising metals and oil prices and growing fears of recession in the U.S. may drag the world economy. Australian dollar fell against yen. Centro rose 7% after local reports suggested that Blackstone and Citadel may bid for its properties. The strongly worded statement from the new immigration minister may stop Qantas plan to hire temporary skilled foreign workers.
