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Stocks in Japan Surge as the Yen Weakens

Mayank Mehta
03 Dec, 2009
New York City

Stocks in Japan surged after the yen weakened. The yen declined less than 0.5% from its 14-year high but traded near its recent highs for the year. Capital spending at Japanese companies in the quarter to September decreased 25.7% from a year ago.

Incitec Pivot Bond Offering; Australian Index Up

Mayank Mehta
03 Dec, 2009
New York City

Australian stocks and dollar held firm. Incitec Pivot plans at least $500 million debt offering. Resource stocks advance as gold and other metals advance. Arrow Energy climbs on positive comments. Caltex Australia declines after an analyst downgrade.

Steel and Automakers Lead Gainers in India

Mayank Mehta
03 Dec, 2009
New York City

Stocks in Mumbai traded higher. DLF plans listing in Singapore. Ashok Leyland unit auto sales double in November. The steelmaker JSW

Axa Raises

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

European markets generally closed lower. The ECB President suggested to wind down various loan programs as the economy recovers in 2010. Air France plans to revamp its European operations. AXA completes

Bernanke Defends AIG Bailout; Stocks Fall

Mukesh Buch
03 Dec, 2009
New York City

U.S. stocks traded mixed as commodities declined. Fed Chairman Bernanke faced tough questions from lawmakers and questioned Fed

UK Stocks Volatile; Resource Stocks Fall

Mayank Mehta
03 Dec, 2009
New York City

UK stocks traded volatile as commodities edged lower. Resource stocks declined as copper, zinc and precious metals decreased. The pub operator Marston

Ciena, Family Dollar, Toll Brothers Fall

Mayank Mehta
03 Dec, 2009
New York City

Family Dollar Stores, Inc led the decliners in the S&P 500 index with a loss of 6.4%. Aeropostale, Inc fell after third quarter earnings release. Synopsys, Inc fourth quarter net income declined 58%. Del Monte Foods raises earnings guidance to be in-line with estimates.

U.S. Stocks Sideways; Services Shrink

Mukesh Buch
03 Dec, 2009
New York City

U.S. stocks traded sideways. General Electric and Comcast agreed to form a venture that will transfer the majority stake in NBC Universal to cable company. The service industry index in November fell and weekly claims in the last week decreased.

Australian Stocks, Dollar Trade Higher

Mayank Mehta
02 Dec, 2009
New York City

Australian stocks, dollar and commodities gained after Dubai fallout worries receded. Record in gold and rising copper and base metal prices drove Australian dollar near 93 cents. Nufarm Ltd plans to look for alternative deal if Sinochem fails to follow through on its purchase after Dec 23.

Bank of Japan to Add Liquidity Only

Darlington Musarurwa
02 Dec, 2009
New York City

Bank of Japan after the emergency session agreed to provide short term additional liquidity of 1 trillion yen, left rates unrevised at 0.1% and offered no plan to purchase additional debt. Prime Minister Hatoyama met with Bank of Japan governor Masaaki Shirakawa.

Fed Sees Improving Economy; Metals Rise

Mukesh Buch
02 Dec, 2009
New York City

Beige Book survey indicated varying economic conditions across the U.S. and labor and commercial real estate markets remain weak. Gold surged to a new record. European finance ministers agree on a new financial regulatory framework.

European Markets Firm; Auto Sales Data

Mayank Mehta
02 Dec, 2009
New York City

European markets closed higher as confidence returns in stocks. BMW Group November U.S. auto sales decreased 7.5%, Volkswagen sales increased 23.6% and Daimler AG sales increased 9.1%. Deutsche Boerse November trading volume fell 21% to

Resource Stocks Rally in London; Sage Group Up

Mayank Mehta
02 Dec, 2009
New York City

A rally in commodities lifted trading sentiment in London stocks. Brewin Dolphin Holdings full-year net profit declines 29%. Numis Corp slips to a full-year net loss. Carillion secures

GameStop, Walgreen Fall; Santaraus Rises

Mayank Mehta
02 Dec, 2009
New York City

Fifth Third Bancorp led gainers in the S&P 500 index with a rise of 3.0%. Charming Shoppes, Inc third quarter sales fall 17% and comparable same-store sales decreased 13%. GameStop Corp dropped more than 8% after Wal-Mart offers deeper discounts for video games. Walgreen Co decreased 4%.

India Plans to Raise $3 Billion; Auto Sales Rise

Mayank Mehta
02 Dec, 2009
New York City

Stocks in India traded lower and global markets edged higher as confidence returns in the emerging markets. Auto sales in November surged from a year ago. Tata Motors, Maruti Suzuki India Ltd and Bajaj Auto gained. India plans to sell stakes in three power companies to raise as much as $3 billion.

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