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Aussie Dollar, Stock Firms on APEC Comments

Darlington Musarurwa
16 Nov, 2009
New York City

Australian stocks rose 1% spurred by commodity stocks as gold prices soared 0.9% to $1,116 per ounce. Asian markets closed higher after 21-member Asia-Pacific Economic Cooperation group agreed to keep economic stimulus in place until the economy recovers to a sound footing.

U.S. Stocks, Gold Rally; Dollar Drops

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

U.S. stocks rallied on the back of October retail sales data. Retailers led the gainers. The dollar declined to 15-month low and gold surged to a record high in 27 years. Energy complex stocks increased.

Sprint Nextel and Suntech Power Surge

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

Sprint Nextel Corporation led gainers in the S&P 500 index with a rise of 10.3%. American Dairy, Inc swings to profit in third quarter and cuts fiscal year 2009 revenue view. Suntech Power surged on an analyst upgrade. Sprint soars 11% after it repaid $1 billion in debt.

Global Earnings: Lowe's, Fiat, EADS, Lonmin

Mukesh Buch
16 Nov, 2009
New York City

Lowe

U.S. Stocks Rise on Retail Sales, APEC

Mayank Mehta
16 Nov, 2009
New York City

U.S. stocks traded higher after the release of October retail sale. The sales increased 1.4% from the revised September sales decrease of 2.3%. Lowe

Australian Dollar Firm; Kathmandu IPO

Mayank Mehta
13 Nov, 2009
New York City

Australian stocks closed lower on Friday but up 2.5% for the week. Outdoor equipment retailer Kathmandu Holdings raised A$340 million. Gold miner St Barbara raised A$73 million.

U.S. Indexes Retain Positive Bias

Mukesh Buch
13 Nov, 2009
New York City

U.S. stocks closed higher and Treasury completed its $81 billion bond auction. U.S. trade deficit increased in September with the rise in crude oil imports. Gold traded near record high. Euro-zone expands.

Euro-zone Expands; Dexia Swings to Profit

Mayank Mehta
13 Nov, 2009
New York City

The euro zone economy expanded at 0.4% in the 16-nation region and at 0.2% in the wider 27-nation region. Economies in Germany expanded at 0.7%. Mondadori Editore nine months net profit falls 54%. Benetton Group third quarter net up on higher sales. Dexia swings to third quarter profit.

Property Stocks Gain in UK

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

UK stocks traded sideways and commodities prices were volatile. Real estate companies closed higher after a private research reported a rise in commercial properties values in October. British Air signed a definitive merger agreement with Spain based Iberia. Tullett Prebon plunged 12%.

Liberty Media to Acquire Unity Media

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

Liberty Media acquires Unitymedia for

Abercrombie, Goodyear Rise; Nordstrom Falls

Mayank Mehta
13 Nov, 2009
New York City

The Goodyear Tire & Rubber Company led gainers in the S&P 500 index with a rise of 6.7%. Abercrombie & Fitch Co declares quarterly dividend. Agilent Technologies, Inc fourth quarter earnings fall 89%. Nordstrom, Inc third quarter sales rise.

U.S. Trade Deficit Rises; Stocks Struggle

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

U.S. trade deficit in September as demand for auto parts picks up and crude oil prices rise. Monthly deficit surges to the high for the year to $36.5 billion. Walt Disney fourth quarter earnings increased 18%. Abercrombie & Fitch net drops 39%. European markets turn lower.

Govt Stake Sale Talks Lift India Indexes

Mayank Mehta
13 Nov, 2009
New York City

Mumbai stocks gained after the finance ministry enlisted sixty companies for a stake sale. Ranbaxy strengthens after the World Health Organization approves its AIDS drug. Usha Martin plans to raise Rs 500 crore. TCS plan to build a software service center in Michigan for Dow Chemical.

K+S, Stada Arzneimittel, Peugeot Up in Europe

Mayank Mehta
12 Nov, 2009
New York City

European markets closed lower on weak commodities. Potash maker K+S AG increased on better than expected earnings. Salzgitter AG declined on a loss for nine month period. Stada Arzneimittel AG quarterly net surged and reconfirmed the annual earnings outlook.

British Air, Iberia Merge

Mayank Mehta
12 Nov, 2009
New York City

UK stocks closed higher. British Airways is in merger talks with Iberian, Spain based airliners. Iberian shareholders will control 45% of the merged airline and 54% holding will be controlled by BA shareholders. Trinity Mirror climbed on the outlook.

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