123jump.com Staff
08 May, 2009
New York City
Stocks in Europe close higher after the release of jobless data in U.S. The banks rebounded on the optimism stirred after the U.S. Fed reassured investors about the health of largest banks. Luxottica surged 10% after net fell 22.5%. Commerzbank net loss surged to
123jump.com Staff
08 May, 2009
New York City
UK stocks rallied on the back of positive trading sentiment after lower than expected jobless claims in the U.S. Royal Bank of Scotland surged on 26% increase in revenues. Miners climbed higher on a rise in commodities prices. Producer Price index increased at a faster pace in April.
123jump.com Staff
08 May, 2009
New York City
Ahead of last phase of parliament elections, stocks in Mumbai declined. Commodities prices fell. Wholesale price index increased at 0.7% as measured inflation hovers near three-decade low. DLF founders are in a deal to sell stake in the company and raise at least $420 million.
123jump.com Staff
08 May, 2009
New York City
Hong Kong Monetary Authority reassured investors that banks have adequate capital after conducting their own tests. The central bank also suggested that the island is attracting net capital which contributed to the rally in the last seven sessions. Foreign currency reserves increase by $7.1 billion.
123jump.com Staff
08 May, 2009
New York City
Financials and insurers surged after the U.S. regulators required only ten banks to raise $75 billion. Investor were cautious after larger than expected loss at Toshiba and an estimate of loss at Fuji Heavy Industries. Toyota annual sales declined 22% and estimated operating loss in fiscal 2010.
123jump.com Staff
08 May, 2009
New York City
The Reserve Bank of Australia estimated that the economy will shrink at 1.2% by the second quarter and regain its momentum by the end of the year. The bank cited strength of its exports and links to China and stable financial sector in the county. OZ Minerals urges investors to support China deal.
123jump.com Staff
07 May, 2009
New York City
The results of stress tests released this evening may not quiet the debate about the methods of tests and if banks are adequately capitalized. The regulators asked ten of the nineteen banks to raise $75 billion by November and indicated that most banks are healthy to withstand adverse economy.
123jump.com Staff
07 May, 2009
New York City
U.S. stocks opened higher on comments from Treasury Secretary but closed lower ahead of stress-test results. The central banks in Europe and England took accommodative stance to the economy. The ECB lowered rates and BoE increased its plan to purchase government debt and kept the rate unchanged.
123jump.com Staff
07 May, 2009
New York City
UK stocks closed flat after the Bank of England left its key rate unchanged and the ECB lowered its rate to 1%. The Bank of England said that it will increase its purchase of government debt by
123jump.com Staff
07 May, 2009
New York City
Australian stocks surged after the unexpected fall in the unemployment rate and a rise in international prices of metals and energy. The Australian dollar gained against most currencies after the unemployment rate declined to 5.4% in April and crude oil price jumped above $56 a barrel.
123jump.com Staff
07 May, 2009
New York City
Stocks in Japan closed higher on optimistic view of the global economy, rising commodities prices and freight rate index. Investors bid up stocks after three days of holiday and on the view that U.S. banks will not be nationalized.
Mayank Mehta
07 May, 2009
New York City
Prudential Financial led gainers in the S&P 500 index with a rise of 19.2%. AAON, Inc first quarter profit increase beats estimates. Churchill Downs first quarter swings to loss. Cornerstone Therapeutics first quarter profit surges.
123jump.com Staff
07 May, 2009
New York City
Stocks in Mumbai trading closed higher led by a rise in metals and energy related companies. Shipping companies surged after China reported a record surge in iron ore exports in April. Realty companies and banks increased on the optimism that banks are willing to increase lending to developers.
123jump.com Staff
07 May, 2009
New York City
The ECB lowered its key lending rate to 1% and the Bank of England left its key rate unchanged at 0.5%. The central banks are now focused on providing additional liquidity through direct lending and purchasing government debts.
123jump.com Staff
06 May, 2009
New York City
U.S. stocks rallied on the hopes that most banks will not require additional capital. Hover, the optimism may be misplaced if unemployment surpasses 10% and economy weakens beyond the third quarter. Crude oil surged above $55 a barrel and gold and copper closed higher.
