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U.S. Markets Higher; Emerging Markets Fall

123jump.com Staff
13 Jan, 2010
New York City

U.S., Germany, Italy and Portugal raised nearly $45 billion though bonds sale today. Treasuries yields in the U.S. and Europe inched up after the sale. Emerging markets declined on the worries after China increased bank reserve requirements.

German GDP Shrinks 5% in 2009; Stocks Mixed

Mayank Mehta
13 Jan, 2010
New York City

European markets closed mixed and commodities prices declined. Portugal, Germany and Italy raised

UK Stocks Track Lower Metals; Output Flat

Mayank Mehta
13 Jan, 2010
New York City

UK stocks closed lower tracking a decline in commodities prices. UK November factory output was unchanged from October. Hershey is likely to bid for Cadbury Plc. Resource sector stocks declined after a weakness in metals and energy prices.

Baidu, Wyndham Rise; Tesoro, Google Fall

Mayank Mehta
13 Jan, 2010
New York City

Wyndham Worldwide surged after positive comments from Deutsche Bank. Petroleum refiners Tesoro and Valero declined on the worries that elevated crude oil prices will crimp margins. China based search engine surged after Google said it may close its operations in China. Res-Care Inc plunged 17%.

U.S. Treasuries Decline; Dollar Rises

123jump.com Staff
13 Jan, 2010
New York City

U.S. stocks traded sideways as Treasuries declined, the dollar advanced and commodities weakened. U.S. Treasury is scheduled to raise $21 billion in bond offering today. Google declined after the company said it may close down its operations in China and Baidu Inc surged.

Sensex in India Falls; Infosys, Bharti Active

Mayank Mehta
12 Jan, 2010
New York City

Stocks in Mumbai traded lower. Infosys posts strong December quarter. Dunlop India on a roll as trading resumes after eight years of suspension. Suven Life Sciences announces two patents in China and Russia. Bharti Airtel acquires 70% stake in Bangladesh based Warid Telecom for $300 million.

China Increase Bank Reserve Requirements

Darlington Musarurwa
12 Jan, 2010
New York City

In an apparent move to remove government stimulus, the People

Bank Lending In Japan Expands, JAL Bankruptcy

Darlington Musarurwa
12 Jan, 2010
New York City

Prime Minister Hatoyama urged JAL retirees to approve the restructuring plan ahead of deadline. The troubled carrier is expected to file bankruptcy and take up to three years to turnaround. Current account surplus soars in November. Bank lending increased 1.2% in December and 2.5% in 2009.

Fewer Home Loans in Australia; CSR Bid

Darlington Musarurwa
12 Jan, 2010
New York City

The benchmark index in Sydney declined after mortgage loans in November fell 5.6%. The decline in loan commitments surprised most economists. Resource stocks closed higher after commodities prices gained in international markets. China based Bright Foods offered $1.5 billion for sugar unit of CSR.

U.S. Stocks Down, World Markets Weakness

123jump.com Staff
12 Jan, 2010
New York City

U.S. stocks closed lower after investors focused on bank earnings this week. White House plans to impose fees of $120 billion to refund TARP. China raised bank reserves requirements. SEC sues Bank of American and said it did not disclose Merrill Lynch losses to shareholders.

QLogic, Emulex, Infosys Rise; Alcoa Falls

Mayank Mehta
12 Jan, 2010
New York City

Alcoa Inc led the decliners in the S&P 500 index with a loss of 8.4%. Alcoa posts narrower loss. Great Atlantic & Pacific loses $14.35 a share. KBH swings to quarterly profit on tax benefit. Infosys reports growth in third quarter profit. Emulex surged more than 13% and QLogic Corp added 9.4%.

U.S. Stocks Waver; Treasury Auctions $40 B

123jump.com Staff
12 Jan, 2010
New York City

U.S. stocks declined as investors grew cautious ahead of earnings from Intel and JP Morgan and other banks. Alcoa earnings failed to spark investor excitement. Treasury plans to raise $40 billion through bonds sale today totaling $84 billion in the week.

Ferrero Drops From Cadbury Bid; Game Group Falls

Mayank Mehta
12 Jan, 2010
New York City

Cadbury Plc advised shareholders to reject the offer from Kraft and Italy based Ferrero dropped out of the bidding. Tesco Plc advanced after six week sales increased 4.9%. The Game Group sales for the year declined 11% from a year ago.

Greece Worries Rattle European Markets

Mayank Mehta
12 Jan, 2010
New York City

Markets in Europe were rattled after EU regulators said deficit statistics of Greece are unreliable. National Bank of Greece dropped 6.3%. Beiersdorf, the German consumer products maker declined after it missed earnings outlook. EADS declined after it reported revenues decline on weak dollar.

Chinese Stocks Mixed; Auto Sales Surge

Darlington Musarurwa
11 Jan, 2010
New York City

Chinese stocks were mixed but ahead of earnings appeared to be ready for another leap. 2009 auto sales surged 46% to 13.4 million units on government incentives. Chinese exports also gained 17.7% from a year ago and surpassed Germany to be the largest exporter in the world.

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