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China Stocks Reflect Weak Commodities Prices

Darlington Musarurwa
21 Sep, 2009
New York City

China considers raising hydroelectric power prices. CBRC urges lenders to increase internal risk management. IPO activity in China is picking up with the pricing of Metallurgical Corp and a filing by China International Travel Services Corp.

Australian Stocks Indiacte Lower Opening

123jump.com Staff
21 Sep, 2009
New York City

Australian stocks indicate lower opening with the decline in crude oil and gold prices in New York. Rio Tinto sells Brazil iron ore assets. New Zealand consumer optimism climbs in September. The Australian dollar hovered near its 13-month high.

Ahead Fed Meeting, Bond Auction Stocks Fall

Mukesh Buch
21 Sep, 2009
New York City

U.S. and world stocks fell ahead of 2-day Fed meeting and the beginning of $112 billion government bond auction. The dollar climbed and crude oil and god futures fell. AIG surged on the expectations of relaxed terms of bailout and Bank of America refused to send documents to a lawmaker

European Markets Edge Lower; Daimler Up

Mayank Mehta
21 Sep, 2009
New York City

European markets declined for the second day in a row. Resource stocks led the decline after commodities and crude oil futures fell. Areva received several bids for its transportation and distribution unit. Daimler expects profit in the second half. Parmalat and K+S declined.

UK Stocks, Pound Fall; RBS Offering

Mayank Mehta
21 Sep, 2009
New York City

UK stocks declined as commodities and the pound fell. Land Securities agreed to sell its one third holding in Bullring mall in Birmingham. PetroNeft plans to raise $27.50 million. Royal Bank of Scotland is planning multi-billion dollar issue to raise capital.

Perot Surges; Moody's, Delta Petro, Lennar Fall

Mayank Mehta
21 Sep, 2009
New York City

Dell Inc declined after it agreed to acquire Perot Systems for $3.9 billion. Perot Systems surged 66%. Lennar dropped after it reported wider than expected loss and dragged other home builders lower. Moody

US, Euorpe Head Lower; Gold, Oil Drop

123jump.com Staff
21 Sep, 2009
New York City

U.S stocks edged lower as home builders and resource stocks traded lower. European and Asian markets declined on the worries that world market valuations are ahead of economic fundamentals.

Lower Land Prices in Japan; Aiful Plunges 27%

123jump.com Staff
18 Sep, 2009
New York City

Consumer finance companies faced selling after Aiful plunged 27% and sought restructuring of 280 billion yen loans. Financials closed lower. Real estate companies declined after Japan reported sharpest decline in land prices in a year ending in June.

Australian 3-Day Rally Halts, Dollar Firms

123jump.com Staff
18 Sep, 2009
New York City

Australian stocks edged lower after three days of gains as resource stocks firmed in the week. Crude oil futures have surged more than 27% in the year and gold has one-year high and silver is trading at multi-year high. Retailers and banks generally closed higher.

Michigan Leads with 15.2% Unemployment

123jump.com Staff
18 Sep, 2009
New York City

Michigan led the nation with unemployment rate of 15.2% followed by Nevada, California and Rhode Island. The unemployment rate increased 3.5 percentage points to 9.7% in last one year to August.

Global Markets Settle; Jobless Recovery

Mukesh Buch
18 Sep, 2009
New York City

U.S. stocks advanced as dollar traded near recent lows and gold, silver, copper and crude oil declined. Consumer stocks and cyclical led the gainers in weak trading. Michigan led the nation in August with unemployment rate of 15.2%. UK deficit in August soars and euro-dollar bonds issuance rises.

Eurodollar Bonds Sales Rise; Total Cuts Capacity

Mayank Mehta
18 Sep, 2009
New York City

European government issued dollar denominated bonds as dollar weakens. The weekly issuance surged this week to $21.7 billion. German producer prices in August increased 0.5% on the rise in energy costs. Total SA workers threaten strike ahead of refinery capacity closure in France.

Pound Drifts Lower on UK Record Deficit

123jump.com Staff
18 Sep, 2009
New York City

The pound fell and is likely to trade weak as UK struggles with rising cost of bank bailout and falling tax receipts. UK government debt surged to 57.5% of GDP and is likely to surpass 60% by the end of fiscal 2010.

British Land, Blackstone Deal; UK Stocks Weak

Mayank Mehta
18 Sep, 2009
New York City

The pound fell early 0.5% after the UK government reported record August deficit. Lloyds is looking to exit government insurance program. Ashmore increased after net annual earnings decreased 18.3%. British Land Company sold 50% stake in Broadgate office complex to Blackstone.

Vivus, InterOil, SanDisk Surge; Huntington Falls

Mayank Mehta
18 Sep, 2009
New York City

Huntington Bancshares dropped more than 10% after it completed secondary offering. Agriculture machinery makers declined. Canada based InterOil surged after it discovered natural gas field at lower than previously estimated depth in Papua New Guinea.

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