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Banks, Realtors Drop in China; Tighter Loans

Darlington Musarurwa
29 Oct, 2009
New York City

Stocks in China region declined on the worries that tighter lending rules will hurt the nascent recovery and property markets. Real estate developers and banks closed lower. PetroChina reported third quarter net fell 24%. Nine Dragons Paper plunged 11% on the plan to raise capital.

Japan Indexes Down; Hino, Nintendo in Focus

Darlington Musarurwa
29 Oct, 2009
New York City

Stocks in Japan closed lower tracking losses in Europe and New York. Industrial production gained for the seven month in a row in September with a rise of 1.4%. Hino Motors sales dropped 39% and slipped into a loss in the first half. Advantest Corp reported a wider loss on 64% plunge in sales.

Australian Stocks Down; ANZ Net Falls 11%

Darlington Musarurwa
29 Oct, 2009
New York City

Australian stocks dropped sharply tracking losses in New York and Europe. ANZ full year profit drops 11% to A$2.9 billion. Woodside Petroleum commences its expensive exploration in Western Australia. Flight Centre Ltd gained after management guided higher revenues.

India Inflation Rises; ONGC, Reliance in Focus

Mayank Mehta
29 Oct, 2009
New York City

The wholesale price index increased at a faster pace. Reliance Industries reported fourth quarterly net decline in a row. ONGC net increased 5.8%. The largest property developer DLF Ltd net dropped 80%. Mahindra & Mahindra gained after reporting sharply higher earnings. NDTV reported quarterly loss.

European Markets Up; Henkel, Alstom Gain

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

European markets closed higher. Henkel AG reported better than expected earnings. Deutsche Bank earnings nearly tripled in the third quarter. Alstom SA anticipates more orders for power plants in the second half. AXA and BASF report weak earnings.

Lloyds, UK Treasury Talks; UK Stocks Rise

Mayank Mehta
29 Oct, 2009
New York City

Llyods Banking Group is in advanced stage of discussion with the UK Treasury that may permit the bank to raise as much as

S&P 500 Up 2.3%; World Markets Rebound

Mukesh Buch
29 Oct, 2009
New York City

U.S. economic expansion in the third quarter was embraced by markets around the world. Canada, Europe and Latin American markets regained more than the losses of yesterday. Energy and metals prices surged.

U.S. Stocks Rally on Q3 GDP Data

Darlington Musarurwa
29 Oct, 2009
New York City

U.S. stocks gained after the release of third quarter economic expansion. The surge in the economic was supported by personal consumption, a rise in exports, inventory investments and federal spending. Oil, natural gas and precious metals advanced.

First Solar Falls; Akamai, Symantec Rise

Mayank Mehta
29 Oct, 2009
New York City

First Solar, Inc led the decliners in the S&P 500 index with a loss of 17.3%. Affiliated Managers Group third quarter profit increased 72%. Aetna Inc beats analyst expectations. Owens-Illinois, Inc third quarter profit jumps 61% on cost cutting.

Japan Retail Sales Fall 1.4%; Canon Drops

Darlington Musarurwa
28 Oct, 2009
New York City

Stocks in Japan fell as investors digested barrage of negative earnings and lowered forecasts. Canon reported its seventh quarterly net decline. Toshiba revised its estimate of first half loss higher. Nomura swung to a first half profit from a year ago. Retail sales in September declined 1.4%.

Airlines in China Rise; Angang Steel Falls

Darlington Musarurwa
28 Oct, 2009
New York City

Stocks in China region were mixed but traded with a downward bias. Hong Kong government plan to contain real estate priced dragged stocks lower. Airlines gained after three leading carriers return to a quarterly profit. Angang Steel dropped 6% after it estimated as much as 50% fall in annual profit.

Australian Stocks, Dollar Down; NAB Net Falls

Darlington Musarurwa
28 Oct, 2009
New York City

Stocks and dollar in Australia declined as commodities prices fell and market valuation remain stretched after seven months of rally. Australia consumer price index rises 1% in three months to September. National Australia Bank annual profit drops 42.9% to A$2.6 billion.

Global Markets Decline; Brazil, Canada Lead

Mukesh Buch
28 Oct, 2009
New York City

Losses in the late afternoon trading in the Americas dragged markets lower in New York, Toronto and Sao Paolo. Argentina plunged 6%. European markets closed down more than 2% and Asian markets traded weak on tighter monetary policy talks.

India Stocks Weak; GAIL, Firstsource Down

Mayank Mehta
28 Oct, 2009
New York City

Stocks in Mumbai fell for the second day on the worries that rising interest rates and inflation may force government to withdraw economic stimulus. HCL Technologies and Firstsource declined on lower than expected earnings. GAIL India Ltd net drops 30%.

European Markets Fall 2%; SAP,TUI Drop

Mayank Mehta
28 Oct, 2009
New York City

Deutsche Bank agreed to pay 1 billion to acquire Germany

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