123jump.com Staff
14 Nov, 2007
New York City
Sensex rebounded sharply on the back of a strong gains in New York close. Sensex in India surged 4.82% or 893 points to close at 19,929.In the last two trading sessions the index has increased 6.4% or added 1,191. ICICI Bank, State Bank of India, HDFC Bank, and Punjab National Bank surged. Steel Authority of India, Sterlite, and Hindalco advacned as metals stocks rallied.
123jump.com Staff
14 Nov, 2007
New York City
Australian stocks closed sharply higher reflecting strengths in New York and in Asian markets. ASX 200 index gained 1.3% to 6,598.60. Financials, gold and steel, and infrastructure companies led the gainers. Qantas said that it plans to purchase 188 narrow body short haul planes to expand its service in Australia and Asia. Gold and steel stocks rose sharply on positive comments by brokers and executives at companies. Australian dolar rose against the U.S. dollar.
123jump.com Staff
14 Nov, 2007
New York City
Stocks i Japan rebounded afte eight days of losses in a row. Nikkei 225 index closed up 2.5% to close at 15,499.56. Exports, energy, and banks led the gainers. Markets in Asia rose sharply across the region after commnets from financial executives of leading banks and broerages indicated that new exposure to sub-prime loan losses are limited. Market averages in New York jumped between 2.5% and 3.5% lifting averages across Asia. Global semiconductor sales are likely to rise 3.8% in 2007.
123jump.com Staff
13 Nov, 2007
New York City
U.S. stocks rebounded shaprly in a broad rally led by financial and tech stocks. Nasdaq led the indexes with a rise of 3.5% followed by 2.9% increase in S&P 500, and 2.5% in Dow Jones. Comments from financial executives suggested that their loss exposure to troubled loans is limited in the fourth quarter. Oil dropped more than 3% on lower demand estimate for the year 2008. Wal-Mart earnings increased in the third quarter. Vodafone returned to the profitability. The BOJ left the rates unchanged.
123jump.com Staff
13 Nov, 2007
New York City
U.S. stocks open higher with Dow Jones, S&P 500, and Nasdaq edging nearly 0.6% ahead. Wal-Mart reported 8.9% rise in sales and third quarter earnings rise of 7.9%. Domestic sales played a crucial role in earnings growth. Same-store domestic sales in the quarter, excluding fuel, rose 1.5%. Vodafone returned to profit on higher revenue at recently acquired mobile companies in India and Turkey. Oil declined. The Bank of Japan left rates unchanged to 0.5%.
123jump.com Staff
13 Nov, 2007
New York City
ASX 200 index in Aust 0.9% to close at 6,515.20. Macquarie Group today reported a 45% surge in first half profit to more than $1 billion, underpinned by buoyant global equity markets and a strong flow of investment banking deals. Gaming and media group Publishing and Broadcasting Ltd said that a bid by its joint venture for Gateway Casinos in Canada has been approved by gaming regulators. Economists predict further rate hikes by Reserve Bank of Australia.
123jump.com Staff
13 Nov, 2007
New York City
The economy in Japan advance at 0.6% in the third quarter on rising consumer spending, according to preliminary estimate by the Cabinet Office in Japan. The economy expanded at 2.6% in the third quarter, annualized, and annualized second quarter growth rate was revised downward to 1.6% from 1.2%. Surge in exports of 2.9% in the quarter to Asia and Europe helped the economic growth. The Bank of Japan left the rates unchanged at 0.5%.
123jump.com Staff
12 Nov, 2007
New York City
U.S. stocks fell for the fourth day in a row on weak tech, energy, and resource stocks. Exxon Mobil, ConocoPhillips, Sunoco, Tesoro, and Chevron led the decliners in the energy sector. Google, Research in Motion, Apple, and SanDisk led the decliners in the tech stocks. E*Trade plunged 59% on the worries that the bank may not have enough resources to cover losses in sub-prime loans. Copper, gold, silver, and oil fell. Yen closed at 11-year high against the dollar.
123jump.com Staff
12 Nov, 2007
New York City
ASX 200 index declined 1.4% to close at 6,455.30. BHP Billiton today announced that it will consider returning $33 billion to shareholders through a share buyback if its proposed merger with Rio Tinto goes ahead. Coal prices at Australia''s Newcastle port rose to a record because port and rail facilities limit shipments. The Reserve Bank of Australia raised its inflation forecasts as economy''s expansion shows considerable momentum. Australian dollar declined.
123jump.com Staff
12 Nov, 2007
New York City
Tokyo stocks fell sharply on the worries related to sub-prime losses and rising yen. Nikkei 225 index fell 2.5% to 15,197, fifteen month low. Forty stocks in the index lost more than 3%. Yen rose to a 11-year high against dollar. Exporters and automotive stocks fell. According to the latest consumer survey, outlook for the consumer spending declined in October. The Bank of Japan cosumer and corporate goods price index increased in October.
123jump.com Staff
12 Nov, 2007
New York City
U.S. stocks in the morning traded mildly higher. IBM agreed to buy Cognos for $58 per share of $5 billion. Third transaction in the business intelligence software segment in less than a year. Oracle bought Hyperion and SAP purchased Business Objects earlier in the year. European markets eged lower. Asian markets closed sharply lower led my more than 3% losses in Hong Kong, Thailand, and Korea. Yen reaches 11-year high.
123jump.com Staff
09 Nov, 2007
New York City
U.S. stocks traded sharply lower on the new worries in the mortgage market. Wachovia, J P Morgan, and Bank of America were the lastest banks to report losses from the subp-rime loans. Nasdaq plunged 2.5%, Dow fell 1.7%, and S&P 500 dropped 1.43%. Techs and retail stocks fell for the second day in a row. Banks, financial services, retail, and telecom stocks fell the most. Of the S&P 500 stocks, 322 dropped and in Dow Jones 20 of the 30 stocks declined.
123jump.com Staff
09 Nov, 2007
New York City
U.S. market averages fell sharply in the morning as losses keep mounting related to subprime loans. Wachovia Bank, fifth largest bank, reported adddtional loss in sub-prime portfolio of $1.1 billion. Market had sought refuge from the losses in the sub-prime market in the tech stocks. In th last two days tech have declined as well. Dow and S&P 500 were down 1.5% and Nasdaq 2%.
123jump.com Staff
08 Nov, 2007
New York City
At the worst level of the day, Dow fell more than 1% and Nasdaq lost nearly 2%. Cisco comments hurt the sentiment in the tech sector. Techs viewed as immune from the sub-prime meltdown faced heavy selling after Cisco warned that a dramatic slow-down in orders from automotive and financial sector may limit future sales gains. Rio Tinto rejected an overture from BHP Billiton to form the largest mining company in the world.
123jump.com Staff
08 Nov, 2007
New York City
Stocks in India fell for the fourth day in a row reflecting a weakness in Asian markets, rising rupee, and worries related to tech stocks earnings. Sensex fell 230 to close at 19,058. The annualized wholesale infaltion at the end of the last week declined to 2.97% from 3.02% at the end of the previous week. Infosys led the decliners in the tech stocks dropping to a 52-week low. Banks and telecom stocks fell as well.
