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Market Update

Resource Stocks Lead Gainers in New York

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

U.S. stocks open higher after commodities and energy prices inch ahead in the early trading. November retail sales increased 1.3% from the revised October sales of 1.1%. November import price index increased 1.7% driven by a surge of 7.3% in fuel prices. Resource stocks trade higher in New York.

Sara Lee Sells Ambi Pur to P&G

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

Procter & Gamble agreed to acquire Ambi Pur and toilet care products from Sara Lee Corp for

Stocks in New York Track World Markets Gains

Mukesh Buch
11 Dec, 2009
New York City

Markets in Asia closed higher and in Europe traded up at mid-day. Stocks in New York are expected to open higher after Chinese industrial production and retail sales surged more than expected. Commodities in New York and London trade higher on China demand.

China Domestic Demand Drives Output Surge

Mukesh Buch
11 Dec, 2009
New York City

Chinese industrial production soared 19.2% in November, trade deficit shrank to the lowest level in the year, retail sales increased 15.8% in the month and consumer prices increased for the first time since January. Industrial production in India also surged.

U.S. Stocks, Gold Rebound; Oil Weakness

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

U.S. stocks closed higher on the hopes that stable job markets may presage economic recovery maybe taking hold. Crude oil traded below $70 a barrel but managed to close higher. AOL Inc traded lower after it was split-off from Time Warner Inc. Goldman Sachs agreed to limit bonuses in stock payment.

China Imposes Tax on Property Speculators

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

China took steps to control housing market speculation and imposed additional tax on property that is sold in less than five years. China extended tax rebate for the purchase of automobiles and home appliances. Automakers and electronics retailers increased in Shanghai trading.

Australian Unemployment Falls; Stronger Dollar

Darlington Musarurwa
10 Dec, 2009
New York City

November unemployment rate decreased 0.1% to 5.7%. Export earnings from mineral resources in three months to September declined 2% as the Australian dollar strengthens. Santos Ltd declined 5% after it guided lower output in 2010.

Machinery Orders Increase in Japan, Stocks Fall

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

Machinery orders in Japan increased 3.2% in October and orders fell 4.5% excluding volatile power machinery orders. The Bank of Japan plans to offer short term lending of 800 billion yen and accept government bonds as collateral.

European Markets Stable; German Deficit to Rise

Mayank Mehta
10 Dec, 2009
New York City

Markets in Europe stabilized today but face a heightened stress from the possible fallout from Greece and Ireland. German federal deficit in 2010 is expected to increase to 6% of GDP. Inditex nine months net declines. Daimler AG and its workers reach an agreement to maintain jobs till 2013.

UK Stocks Rebound; DS Smith, Premier Farnell Up

Mayank Mehta
10 Dec, 2009
New York City

UK stocks edged higher after the Bank of England left its key lending rate at 0.5%. The central bank also left its plan to purchase

AOL Opens Lower; Pall, Costco Rise

Mayank Mehta
10 Dec, 2009
New York City

AOL Inc declined 2.5% after it was spinoff from Time Warner Inc. Ciena Corp declined after its quarterly loss increased. Costco Wholesale Corp fiscal first quarter net meets analysts

Food Prices Surge in India; Telecom, Buidlers Up

Mayank Mehta
10 Dec, 2009
New York City

Wholesale price index at the end of last week increased and food price index surged the most in eleven years. RBI Governor Rao does not see foreign capital flows contributing to asset bubble and the central bank permitted telecom and builders to access capital in international markets.

U.S. Stocks Open Higher; Deficit Falls

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

U.S. stocks open higher after weekly jobless claims stabilize and trade deficit declined in October. The Bank of England left its key lending rate at 0.5% and kept in place its bonds purchase plan. Korea and Iceland lowered their lending rates.

BoE on Hold on Rates, Bond Purchase Plan

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

The Bank of England left its key rate to 0.5% and its

Australia Trade Deficit Grows; Fewer Home Loans

Darlington Musarurwa
09 Dec, 2009
New York City

Mortgage loans in Australia fell 1.4% in October to A$23.3 billion and trade deficit in the month grows to A$2.4 billion. Preliminary estimate of consumer confidence falls 3.8% in December.