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Market Update

In Japan Yen Climbs, Flu Worries

Darlington Musarurwa
21 May, 2009
New York City

Investors in Japan focused on a sudden and unexpected rise in swine flu cases. Yen continues to rise against dollar. Exporters declined on yen and retailers fell on flu worries.

CA Q4 Earnings Call Transcript

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

The business software company reported quarterly revenue declined 5% to $1.04 billion. Net quarterly income rose 1% to $72 million aided by strong expense controls. Earnings per share was flat at 13 cents, same as a year-ago quarter. The company generated revenue of $4.27 billion in fiscal 2009.

Regions Financial, SunTech and GameStop Fall

Mayank Mehta
21 May, 2009
New York City

Tenet Healthcare Corporation led gainers in the S&P 500 index with a rise of 6.7%. Citi Trends, Inc first quarter beats street. Hot Topic, Inc posts better than expected first quarter results. Kirkland

U.S. Stocks Decline; Elevated Job Claims

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

U.S. stocks declined in the morning on cautious views on the economy and elevated jobless claims. Regional banks declined after Regions Financial raised $1.6 billion in stock offering. UK debt worries dragged European markets lower.

UK May Lose its Top Debt Rating

Darlington Musarurwa
21 May, 2009
New York City

European markets fell after UK was warned to get its public finances in order. S&P warned that UK may lose its top rating. Nations relying on exports to the U.S. are reporting large economic declines in the first quarter. Singapore, Japan, Germany and Mexico economies shrank 14.5% or more.

Measured Inflation Stays Low in India

Mukesh Buch
21 May, 2009
New York City

The latest measure of wholesale inflation showed indicated few pressures on prices. Regional parties are still quarreling in UPA coalition and holding out for wider control in the government. Trading in stock market though declined but stays above average.

Fed May Expand Debt Purchase; Weaker Economy

123jump.com Staff
20 May, 2009
New York City

U.S. stocks edged lower after the Federal Reserve estimated deeper recession this year and a slower growths in the next two years. The Fed is likely to increase its plan to purchase or back debt of $1.75 trillion. Crude oil futures increased after the inventories declined. Dollar declined.

Michelin, K+S Surge in European Trading

123jump.com Staff
20 May, 2009
New York City

Investors in Europe debated the fate of euro, future direction of German exports and health of banks in the U.S. and Europe. Air France surged 11% and eliminated 2,700 jobs. Michelin surged 5% after Goldman Sachs lifted its price target.

BoE to Pump

123jump.com Staff
20 May, 2009
New York City

Increasingly UK investors are relying on global economic recovery to lift earnings at commodities companies. Domestic economy is still weak and there are no signs of housing market stabilization. The BoE unanimously agreed to increase the plan to print new money by

Australian Confidence Falls, Billabong Plunges

123jump.com Staff
20 May, 2009
New York City

The Australian consumer index declined in May, as it has every month for the last one year. The Australian wages increased at a slower pace in the first quarter. The dollar declined. Billabong International plunges 20% after it completes institutional offering.

Deere, Paragon Rise; Hertz, HP Fall

123jump.com Staff
20 May, 2009
New York City

Hertz Global led the decliners in the S&P 500 index of 9.7%. Eaton Vance second quarter net income declines 51%. Hewlett-Packard shares slip on sales outlook. Paragon Shipping first quarter profit exceed analysts

Whole Foods Market Q2 Earnings Call Transcript

123jump.com Staff
20 May, 2009
New York City

The natural foods retailer quarterly sales declined marginally to $1.9 billion on comparable store sales fall of 4.8%. Net quarterly income decreased 11.7% to $35.3 million hurt by non-cash asset impairment charges. Earnings per share dropped to 19 cents from 29 cents a year-ago quarter.

Japan GDP Shrinks 4%; Shippers Rise

123jump.com Staff
20 May, 2009
New York City

Japan economy declined the most in its fourth quarterly shrinkage in a row. A sharp fall in exports and domestic consumption contributed to the shrinkage in the economy. Shipping lines surged on a rise in freight rate index.

Tata Steel, Indiabulls Raise Capital

123jump.com Staff
20 May, 2009
New York City

Stocks in Mumbai trading declined for the first time after a rally that lifted the benchmark indexes nearly 20%. The euphoric mood helped companies to raise capital. The real estate developer Indiabulls and Tata Steel raised $1 billion.

France to Raise

123jump.com Staff
19 May, 2009
New York City

Banks in France and in Europe gained after the French agency launched