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Market Update

World Markets Advance; Obama Meets Bankers

Mukesh Buch
14 Dec, 2009
New York City

U.S. stocks increased after world markets recovered. Abu Dhabi offered emergency lending to Dubai controlled real estate group. President Obama urged large banks to increase lending to small businesses and back his regulatory reform.

Wholesale Inflation Perks Up in India

Mayank Mehta
14 Dec, 2009
New York City

Stocks in Mumbai edged lower after November wholesale price index rose. Food prices have been driving the inflation to a record high in the last seven years on weak monsoon. The media group DB Corp IPO was oversubscribed by two times on the first day of subscription.

European Markets Up; ThyssenKrupp Up

Mayank Mehta
14 Dec, 2009
New York City

European markets closed higher after banks rallied in the region. BayernLB will book a total loss of 3.75 billion in the investment related to Austria based Hypo Alpre-Adria. German bonds gained as investor seek safety as Greece grapples with a large budget deficit.

UK Stocks Rise; Spice Plunges 20%

Mayank Mehta
14 Dec, 2009
New York City

UK stocks edge higher on a rally in banks. Lloyds Banking Group raised

Visa, XTO Energy Rise; Oshkosh Falls

Mayank Mehta
14 Dec, 2009
New York City

Citigroup declined after it plans to raise $20 billion and repay TARP funds. XTO Energy surges on an acquisition offer from Exxon Mobil. Oshkosh Corp declines 13%. Visa Inc increases after the company was selected for the S&P 500 index.

Exxon Mobil Acquires XTO Energy for $31 Billion

Mayank Mehta
14 Dec, 2009
New York City

Exxon Mobil Corp agrees to acquire XTO Energy Inc for $31 billion. The low price of natural gas and impending rise in the demand of clean energy sources played a role in the largest acquisition since the purchase of Mobil in 1998.

U.S. and World Stocks Higher; Dubai Bailout

Mukesh Buch
14 Dec, 2009
New York City

The U.S. benchmark indexes traded higher in the early morning led by a rise in tech stocks. Oracle offered a revised proposal to acquire Sun Microsystems. Exxon Mobil offered $31 billion for XTO Energy. Abu Dhabi offered $10 billion emergency funding to the troubled real estate conglomerate in Dubai.

Stocks Look for Direction in Commodities Markets

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

U.S. stocks gained on better than expected retail sales. Resource stocks rallied on the steady demand from China. Import price index increased on the rise in fuel prices. Crude oil and gold futures declined but gold and other commodities increased.

Tokyo Index Surges 2.5% on Weaker Yen

Mayank Mehta
11 Dec, 2009
New York City

The benchmark index in Tokyo surged 2.5% as the yen fell against the dollar. Automakers, electronics exporters and heavy machinery makers rallied. Banks declined. The consumer confidence index declined in November as respondents worry about job loss.

Australian Indexes, Dollar Rise on China Data

Mayank Mehta
11 Dec, 2009
New York City

The Australian benchmark index gained after China reported strong economic data driven by a rise in domestic demand. Commodities in the region gained. Australian dollar traded higher against major international currencies.

India, Japan Trade Accords; Jindal Power IPO

Mayank Mehta
29 Dec, 2009
New York City

Japan and India signed several agreements as Prime Minister Hatoyama concludes his 3-day trip to India. Japan expects to make several billion dollars of investment to develop Delhi- Mumbai investment corridor. Jindal Power Ltd files to raise $1.5 billion.

Copper Surges, Sugar Soars; U.S. Stocks Advance

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

U.S. stocks inched higher in the morning trading. Copper led the gainers in commodities trading as Chilean workers strike and Chinese economy expands at a faster pace than the targeted 8% rate. Sugar surged to twenty year high and copper jumped more than 2%.

Retail Sales Expectations Lift U.S. Stocks

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

U.S. stocks traded higher as holiday retail sales estimates showed an increase. Apparel retailers and online retailers edged higher. World markets edged higher after China estimated higher economic growth and Japan signaled its first economic expansion in two years. Oil, gold and the dollar gained.

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