Darlington Musarurwa
03 Jun, 2009
New York City
Stocks in Japan closed higher for the sixth day in a row. Optimistic investors are banking on a global economic recovery and strengthening commodities prices to lift earnings. Industrials, chemicals and energy and commodities related stocks closed higher.
Mayank Mehta
03 Jun, 2009
New York City
Aetna dropped 7% after it lowered its earnings outlook for the year. Tivo surged after it won a court ruling in its favor. Valero fell after it estimated quarterly loss and proposed to sell 40 million shares. Williams-Sonoma first quarter sales dropped 22% and swings to loss.
123jump.com Staff
03 Jun, 2009
New York City
U.S. stocks edged lower after investors worried that stocks may have advanced too fast. The world markets in the last ten weeks have erased the losses of the year and are now in the positive territory for the year. Foreign investors increase their investments in Russia, China and India.
123jump.com Staff
03 Jun, 2009
New York City
In hectic trading, investors in Mumbai snapped up industrial, cement and consumer stocks. The optimism about the economy, rising international interest and new infrastructure projects are still contributing to investor enthusiasm. Investor confidence in trading was palpable.
Darlington Musarurwa
02 Jun, 2009
New York City
Australian dollar edged higher in New York trading to close near 82 U.S. cents. The Reserve Bank of Australia left its cash rate unchanged for the second month in a row at 3% and cited the prospect of weak inflation in medium term. Commodities and financial led the most active stocks in trading.
123jump.com Staff
02 Jun, 2009
New York City
U.S. stocks edged higher as banks, healthcare and construction stocks gained. JP Morgan Chase, SunTrust Banks and American Express raise capital as required by the regulatory agencies. Morgan Stanley plans to raise additional $2.2 billion. EU unemployment rises and UK mortgage approvals gain.
Darlington Musarurwa
02 Jun, 2009
New York City
The euro region unemployment increased in April with Spain and Baltic nations leading. French producer price index declined in April at a faster rate in the last three months. Volkswagen surged on potential merger with Porsche. Bouygues SA operating profit plunged 55%.
123jump.com Staff
02 Jun, 2009
New York City
UK stocks declined on weak banking stocks. Strategic investor in Barclays sold stock only after holding the stake for less than seven months. Kingfisher net sales and earnings increased. The advertising giant WPP Plc fell after it reported 6.7% decrease in revenues in the first four months.
Mayank Mehta
02 Jun, 2009
New York City
EMC proposed to acquire Data Domain for $30 a share or $1.8 billion. SunTrust increased 11.7% after it completed $1.6 billion offering and Morgan Stanley said it plans to raise $2.2 billion. The Pepsi Bottling Group increased after it raised its quarterly and annual earnings estimate.
123jump.com Staff
02 Jun, 2009
New York City
The specialty athletic retailer quarterly sales declined 7.1% to $1.2 billion on comparable-store sales fall of 2.4%. Net income surged 933% to $31 million on lower operating expenses in the quarter. Earnings per share soared to 20 cents from 2 cents a year-ago quarter.
Mayank Mehta
02 Jun, 2009
New York City
Barclays Plc declined 12% after Abu Dhabi based investor sold stake in the bank with a profit of more than 50%. JP Morgan Chase fell 3% after it completed $5 billion in offering. Daktronics, the maker of electronic displays declined 13% after revenues declined 5.7%.
123jump.com Staff
02 Jun, 2009
New York City
Stocks in Japan continue to edge higher on a rise in commodities prices, optimistic views on the global economy and international trade and a prospect of market share gains after the fall of GM. Sony Financial plunged 14% after it lowered its estimate of net holdings.
123jump.com Staff
02 Jun, 2009
New York City
Stocks in India edged higher for the fifth day. Net inflows from foreign investors, rising commodities prices and expanding manufacturing has sustained recent gains. Markets are rallying ahead of the release of government agenda on June 4.
123jump.com Staff
01 Jun, 2009
New York City
General Motors filed for protection to restructure operations, wipe-off most of its debt and reduce its labor and operating cost. Stocks surged around the world after China manufacturing expanded for the third month in a row. Copper price reached six-month high and crude oil high for the year.
Darlington Musarurwa
01 Jun, 2009
New York City
European markets rallied after China reported third monthly manufacturing expansion in a row. The less than expected decline in manufacturing also supported a rise in energy and commodities stocks. Steelmakers, industrials and energy stocks jumped.
