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Market Update

Australian Dollar, Stocks Gain on Commodities

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

Rally in Australian and Asian markets spread to Europe and Americas as commodities prices advance and investor sentiment improve. Better than expected economic data in the U.S., China and UK lifted worldwide sentiment.

World Markets Rally; Nasdaq, Brazil Lead

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

U.S. stocks rallied on the back of global markets strength and the release of retail sales, inventories and price indexes of imports and exports. Strong earnings played a key role in improving sentiment and a smaller decline in exports from China also bolstered worldwide sentiment.

European Markets Up, Credit Agricole Repayment

Mayank Mehta
14 Oct, 2009
New York City

European markets gained on the earnings optimism, improved outlook on the global economy and labor markets in the region. Credit Agricole SA plans to repay

UK Stocks Resume Advance; Burberry Rises

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

UK stocks resumed their advance on the back of a rise in commodities prices. Unemployment rate increased to 7.9% in the three months to August. The pound edged higher. Burberry increased after it reported 6.1% increase in first half sales. Punch Taverns plunged 13% on a net loss.

CSX, Harley Davidson, Conseco Surge

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

Auto dealers gained after Group 1 Automotive estimated higher than expected third quarter earnings. CSX, Intel, JP Morgan advanced after the earnings release. Harley Davidson gains on an analyst upgrade. China and India based ADRs gained on a region rally in Asia.

Earnings Propel Stocks in India; HDFC Rises

Mayank Mehta
14 Oct, 2009
New York City

Industrials and infrastructure related stocks advanced in India after positive comments from policymakers and better than expected earnings. HDFC, HDFC Bank, Bajaj Auto Finance and Indus Bank reported higher than expected earnings. Rupee edged higher ahead of Diwali celebration.

Stocks Rise on Retail Sales; Intel, JP Morgan Up

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

Stocks in early trading in New York increased after the earnings release from Intel, JP Morgan Chase and CSX. China reported smallest decline in exports in September lifting commodities and crude oil prices higher.

Bloomberg Acquires Business Week Magazine

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

McGraw Hill agreed to sell weekly newsmagazine Business Week and the namesake Web site to Bloomberg LP. The first acquisition of financial newswire company is likely to expand its reach into management and business executives.

U.S. Financials Fall; European Markets Down

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

Stocks lost early momentum after banks and financials declined. Gold reached record high and crude oil edged up. Healthcare stocks declined after the U.S. Senate passed $829 billion plan to overhaul healthcare system.

Siemens Wins

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

Siemens USA, a subsidiary of German engineering company reported sale of

German Confidence Drops; Stocks Fall

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

The index of German confidence declined in September as unemployment stays above expectations and export sales are still struggling. Alstom is in $809 million talks to for tram services in Dubai. The wind turbine division of Siemens in the U.S. won

Marks & Spencer Banks on Growth Online, Overseas

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

Marks & Spencer struggled to convince investors as it outlined its growth plan for the next ten years. The company plans to transform to multi-channel retailer and experience faster growth at international locations.

UK Inflation Falls; ITV Bond Offering

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

UK stocks closed lower after the inflation data showed weak consumer demand. September price index fell at a faster pace than in the previous twelve months ending in August. ITV completed its offering of 135 million. Booker plc first half net increased 12.3%.

DryShips, Pier 1 Rise; Goldman Sachs, eBay Fall

Mayank Mehta
13 Oct, 2009
New York City

The drybulk carrier DryShips advances after it signs loan term waivers with two banks totaling $183 million. CIT Group is teetering towards bankruptcy filing. AIG sells its Taiwan life insurance division. DryShips surges on bank loans covenant renegotiations.

Cisco Acquires Starent Networks for $2.9 Billion

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

Cisco Systems agreed to acquire mobile data communication infrastructure provider Starent Networks Corp. Cisco agreed to pay 20.6% to premium to yesterday