Mukesh Buch
05 Nov, 2009
New York City
U.S. stocks surged after reports on productivity and weekly jobless claims pleased investors. CVS plunged after it reported larger than expected client losses at its pharmacy benefit division. Hyatt and Ancestry.com IPO close up. Cisco outlook powered tech stocks with the Nasdaq index up 2.4%.
123jump.com Staff
05 Nov, 2009
New York City
Tax collection in India increased 3.9% in the first seven months in fiscal year indicating rising income of corporations and individuals. Wireless telecoms rebounded on the talks of lower connection fees. Larsen & Toubro unit and Patni are in merger discussion.
Mayank Mehta
05 Nov, 2009
New York City
The ECB left its key lending rate unchanged at 1% and indicated a gradual winding of various direct lending programs. Deutsche Telekom third quarter net profit rises 7.2%. Enel SpA third quarter net profit fell 43%. BNP Paribas third quarter profit rose 43%. Ubisoft SA surged on annual outlook.
123jump.com Staff
05 Nov, 2009
New York City
The Bank of England left its key lending rate unchanged at 0.5% and increased the Treasury bond purchase plan by
Mayank Mehta
05 Nov, 2009
New York City
CVS Caremark Corporation led the decliners in the S&P 500 index with a loss of 19.4%. Whole Foods plunged 15% after it reported weaker than expected earnings. Children
Mukesh Buch
05 Nov, 2009
New York City
U.S. stocks edged higher after the weekly jobless claims declined 20,000 in the last week and productivity increased at the fastest pace of 9.5%. Cisco, Whole Foods and Research in Motion traded higher. The Bank of England and the ECB left their rates unchanged.
Darlington Musarurwa
04 Nov, 2009
New York City
Japanese automakers reported a rise in U.S. sales in October but lagged the gains of Korean makers. Japan is expected to keep stricter lending rules and maintain accommodative monetary policy. Japan Steel Works surged on estimating annual profit compared to a loss a year ago.
Darlington Musarurwa
04 Nov, 2009
New York City
World Bank estimated that China is expected to meet its 8% economic expansion target supported by the government stimulus. Gold miners close higher on a rise in gold. Casino stocks surged after Macau casino revenues surged 42% in October.
Darlington Musarurwa
04 Nov, 2009
New York City
Australian retail sales fell 0.2% in September and building approvals increased 2.7%. Service industry expands in October. Westpac warns of credit crunch and second half profit declined 10% to A$2.33 billion. Gold miners surged as gold closes at a record high.
123jump.com Staff
04 Nov, 2009
New York City
The Fed left its target rate range at historic low between zero and 0.25% and indicated low rates for an extended period of time as long as labor markets are weak and inflation remains low and stable. The dollar drops. Berkshire Hathaway AAA rating may be cut. Hyatt Hotels IPO scheduled tomorrow.
Mayank Mehta
04 Nov, 2009
New York City
European markets closed higher. German automakers gained on higher U.S. sales in October. Societe Generale third quarter earnings doubled. Total SA quarterly net declined 37% on lower refining margin and lower oil price.
123jump.com Staff
04 Nov, 2009
New York City
UK stocks closed higher after retailers Marks & Spencer and Next plc reported better than expected earnings. Home builders advanced on positive comments from Redrow and Taylor Wimpey. Diageo completed its $500 million bond offering.
123jump.com Staff
04 Nov, 2009
New York City
Garmin Ltd plunged 12% after it reported lower than expected revenues but a surprise rise in net. Solera Holdings surged 12% after it lifted its fiscal year earnings outlook. Trucking company Con-way Inc plunged after quarterly revenues and net fell.
123jump.com Staff
04 Nov, 2009
New York City
Stocks in Mumbai trading closed sharply higher after Finance Minister Mukherjee reiterated that economic stimulus will not be withdrawn. Jaiprakash Associates surged more than 9%. Tata Consultancy and Satyam Computer Services gained on the win of outsourcing contracts in Europe.
123jump.com Staff
04 Nov, 2009
New York City
Global stocks traded higher as commodities resume their advances. Gold traded at a record high and crude oil increased. U.S. stocks futures are pointing higher opening. The dollar declined in international trading ahead of the rate decision from the Fed today.
