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Market Update

U.S. Markets Flat; Gold Another High

Mukesh Buch
25 Nov, 2009
New York City

U.S. stocks traded flat after the weekly jobless claims declined 35,000. October durable goods orders decreased 0.6% and personal income increased 0.2%. Single family new home sales increased 6.2% in the month. Gold trades at a record high.

U.S. Stocks Fall; New Record in Gold

Mukesh Buch
24 Nov, 2009
New York City

U.S. stocks declined and gold surged to a new high on the weakness in dollar. Fed minutes showed that officials worried that lowering interest rates may lead to excessive speculation. The third quarter economic growth was revised lower to 2.8%.

Australian Stocks Weak, LEI Rises 0.3%

Darlington Musarurwa
24 Nov, 2009
New York City

Australian stocks declined tracking losses in metals and commodities prices. BHP Billiton is in advanced stages to sell its closed nickel mining operation for as much as $500 million. Woodside lowers its production target in the current year by 7%.

Deflation Talks Rattle Japan Markets

Darlington Musarurwa
24 Nov, 2009
New York City

Banks in Japan closed lower on the worries that more capital will be needed to meet regulatory requirements. Talks of deflation rattled investors. Mitsubishi UFJ Financial Group Inc plans $11 billion offering for the second time this year. The troubled airline JAL restructuring face hurdles.

European Markets Decline; VW Drops 6%

Mayank Mehta
24 Nov, 2009
New York City

European markets closed lower and banks led the decliners in the region. The confidence index increased in Germany and was unchanged in France. Daimler AG signs two joint venture agreements with a Russian truck maker.

Lloyds

Mayank Mehta
24 Nov, 2009
New York City

UK stocks closed lower tracking the weakness in metals and commodities. Lloyds of London plans to raise

Medtronic, Rambus Rise; ING, Brocade Fall

Mayank Mehta
24 Nov, 2009
New York City

Barnes & Noble, Inc meets analyst expectations. Brocade Communications Systems, Inc fourth quarter profit slips and sales increased 31%. ING declines 9%. Medtronic gains after it lifts earnings outlook.

Q3 GDP Estimate Lowered; Home Prices Rise

123jump.com Staff
24 Nov, 2009
New York City

U.S. stocks edged lower after the third quarter economic growth estimate was lowered to 2.8% from 3.5%. Metropolitan home prices increased at a slower pace in September, fourth monthly increase in a row. The index is still 9.36% lower from a year ago.

India FDI to Reach $60 Billion, Stocks Down

Mayank Mehta
24 Nov, 2009
New York City

Stocks in Mumbai traded lower. Hindalco plans to raise as much as $580 million. Reliance Industries declined as investors question the benefits of acquiring bankrupt LyondellBasell to shareholders. Rupee traded lower to 46.57 against the dollar.

Global Markets Rise on U.S. Home Sales

123jump.com Staff
23 Nov, 2009
New York City

The U.S. market indexes closed higher after October home sales increased 10.1%. The data also lifted indexes in Canada, Mexico, South America and Europe. U.S. Treasury raised $44 billion through the sale of 2-year at the record low yields.

October Home Sales UP 10.1%; IMF Warns

123jump.com Staff
23 Nov, 2009
New York City

U.S. stocks traded higher after the release of better than expected existing home sales in October. European markets gained momentum after the home statistics and closed up more than 2.2%. IMF chief warned that banks have declared only half the losses.

European Indexes Gain 2.2%; Composite Index Up

Mayank Mehta
23 Nov, 2009
New York City

European benchmark indexes closed higher after commodities rallied and energy prices gained. The composite index of services and industries showed an expansion across 16-nations in the euro zone. Alstom SA was awarded

FTSE Index Up 2.2%; Lloyds

Mayank Mehta
23 Nov, 2009
New York City

The UK benchmark index rose 2.2% after a rise in commodities and energy prices. Lloyds Banking Group plans to issue

Ciena, Rambus Fall; Cigna Rises

Mayank Mehta
23 Nov, 2009
New York City

Zions Bancorporation led gainers in the S&P 500 index with a rise of 12.0%. Ciena Corp dropped 9% after it acquired optical network from Nortel. AnnTaylor Stores gained on an analyst upgrade. Mercado Libre surged 8%.

Australian Stocks Up; James Hardie Loss

Darlington Musarurwa
23 Nov, 2009
New York City

Stocks in Australia gained after commodities prices and gold edged higher. James Hardie Industries swung to a quarterly loss but projected higher than expected annual profit. Qantas plans to spend A$4.4 billion on new aircraft.