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UK Pound Rebounds; National Express Bid

123jump.com Staff
19 Oct, 2009
New York City

UK stocks surged on the rise in commodities prices. Home prices in the month rose across the nation. The pound regained its momentum after a revised economic forecast. National Express received another offer.

Earnings Expectations Drive U.S. Stocks Higher

Mukesh Buch
19 Oct, 2009
New York City

U.S. benchmark indexes gained nearly 1%. Industrials, technology and retail stocks led the gainers. Dollar hovered near its recent lows. Gold and silver advanced. Crude oil and natural gas edged up. European markets closed higher.

BB&T, Fannie Mae Fall; CIT, Daimler, Eaton Rise

Mayank Mehta
19 Oct, 2009
New York City

Stocks in the early afternoon traded higher. BB&T led the decliners in the S&P 500 index. Fannie Mae and Freddie Mac plunged on negative comments. Gannett, Eaton and Daimler increased on the earnings announcements.

Japan Steel Production Plunges; Casio Drops 9%

Darlington Musarurwa
19 Oct, 2009
New York City

Stocks in Japan closed lower ahead of earnings season. Casio Computer reversed its earlier forecast of annual profit to a net loss of 7 billion. The index of demand for services increased 0.3% in August. Steel output fell 29.6% in the first half to the lowest level last seen in 1969.

China Q3 Expansion; Evergrande Reas Estate IPO

Darlington Musarurwa
19 Oct, 2009
New York City

State controlled media and other economists are predicting third quarter economic growth in China at 9% ahead of the data release on October 22. The economic stimulus and rising bank lending and brisk real estate market is supporting the economic growth. Evergrande Real Estate in $800 million IPO.

Australian Dollar Advance; Kathmandu IPO

Darlington Musarurwa
19 Oct, 2009
New York City

Australian dollar continued its ascent against the dollar after comments from the Reserve Bank of Australia. Aussie dollar traded above 92 U.S. cents. Kathmandu Holdings plans to raise as much as A$375 million in a public offering. Energy Developments rejects A$415 million bid.

Billionaire Fund Manager Rajaratnam Arrested

123jump.com Staff
17 Oct, 2009
New York City

Prosecutors charged billionaire hedge fund manager Raj Rajaratnam with insider trading scheme. The prosecutors used for the first time wiretaps in an insider trading case in recent years. The investigation lasted nearly four years and snarled executives at Intel, IBM and McKinsey & Co Inc.

EU Trade Deficit; Germany Lifts Outlook

Mayank Mehta
16 Oct, 2009
New York City

Exports from euro-zone decreased 5.8% in August and imports fell 1.3%. Trade surplus fell to

Weak UK Stocks; National Express Plunges 26%

Mayank Mehta
16 Oct, 2009
New York City

UK stocks struggled on the weakness in financial and resource stocks. National Express and Stagecoach dropped sharply after a private equity led merger talks were discontinued. The pound rose 2.1% against the euro in the week. Clinton Cards advanced after it estimated better outlook.

U.S. Stocks Turn Lower, Dollar in Focus

123jump.com Staff
16 Oct, 2009
New York City

Stocks in New York closed lower after investors turned cautious. Industrials declined in New York and Europe after GE reported 20% decline in sales. Dollar hovered near lows after EU reported sharply lower trade deficit compared to a year ago.

Estee Lauder, Tempur-Pedic, Harris Rise

Mayank Mehta
16 Oct, 2009
New York City

Earnings revision at the Estee Lauder Companies Inc and Tempur-Pedic International lifted stocks. AMD fell after the quarterly sales fee 22%. Citizens First Corp surged 87%. Harris Corp gained on the military radio contract of $419 million.

Mumbai Stocks Advance; Cairn India Stake Sale

Mayank Mehta
16 Oct, 2009
New York City

Stocks in Mumbai traded higher ahead of Diwali celebration and Hindu New Year 2066. Cairn India surged after Malaysia based Petronas acquired additional stake. Tata Consultancy reported better than expected sales and earnings.

U.S. Stocks Down; GE Sales Fall, BofA Loss

123jump.com Staff
16 Oct, 2009
New York City

U.S. stocks traded lower after weaker than expected earnings from General Earnings and Bank of America. Investors also focused on rising loan losses at BofA and 20% sales decline at GE. AMD fell after it reported a quarterly loss and Google earnings surged 27%.

China Stocks Up on Home Prices; China Travel IPO

123jump.com Staff
15 Oct, 2009
New York City

China region stocks maintained upward momentum as home prices gained across the nation and lending increased. Investors are revising earnings expectations higher for the latest quarter. China International Travel surged 45% on its first day of listing.

Japan Stocks to Open higher; Weak Shippers

123jump.com Staff
15 Oct, 2009
New York City

Tokyo stocks are indicating higher opening as the yen weakened and crude oil gained more than 3% in New York trading. Shipping companies are indicating lower opening. In trading on Thursday electronics exporters and steelmakers advanced.

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