123jump.com Staff
23 Sep, 2008
New York City
Stocks in New York edged higher as lawmakers debate details of the $700 billion bailout plan. Dollar traded lower against euro and Japanese yen. Crude oil traded lower after surging to a record one-day gain. Nomura agrees to buy Lehman banking asset in Europe and Middle East.
123jump.com Staff
22 Sep, 2008
New York City
European markets in the region fell between 1.6% and 2%. Regulators in the region followed the U.S. initiative to ban short selling in financial stocks till the end of the year. Crude oil and metals prices increased and German auto companies fell. Banks in Ireland declined on ratings downgrade.
123jump.com Staff
22 Sep, 2008
New York City
Stocks in Japan rose on the optimism that the U.S. bailout plan of $700 billion will improve liquidity in the credit markets. The Bank of Japan added liquidity to the system. Commodities prices gained as well. Taro Aso was elected as the leader of the LDP party. Konica Minolta surged 13%.
123jump.com Staff
22 Sep, 2008
New York City
Australian stocks rallied after stocks in Asia and commodities prices gained. The U.S. bailout plan of $700 billion and Morgan Stanley sale of a stake to Mitsubishi UFJ lifted financials. Commodities stocks gained after gold, copper and zinc surged. Australia extend ban on short sales.
123jump.com Staff
22 Sep, 2008
New York City
Goldman Sachs and Morgan Stanley sought and received approval to transform to depository institution under the supervision of Federal Reserve. Morgan Stanley agreed to sell up to 20% of stake to Mitsubishi UFJ of Japan. Crude oil and metals prices gain as dollar is expected to weaken.
123jump.com Staff
19 Sep, 2008
New York City
Australia stock index surged tracking gains in the overnight trading in the U.S. markets. The Reserve Bank of Australia added A$1 billion liquidity as six other central bankers provided $247 billion in the new credit facility for the short term liquidity. The move lifted investors mood and financial stocks soared. Macquarie Group led advancers in the ASX 200 index shares with a rise of 37% followed by rises in Babcock & Brown of 25%, in Kagara Ltd of 25% and in Great Southern Ltd of 21.3%.
123jump.com Staff
19 Sep, 2008
New York City
Stocks around the world rallied on the optimism that the U.S. plan to pump liquidity in the capital markets and purchase distressed mortgage bonds will resume normal lending activities. Regulators in the US and UK banned short selling. The move, though well intentioned appears to be motivated by the upcoming election than tacking the economic realities. Markets in Russia soared 29%, in China, Argentina and Brazil surged 10% and France and UK rose 9%. Indexes in U.S. rise 3.7%.
123jump.com Staff
19 Sep, 2008
New York City
Hong Kong, Shanghai in record one day gains. Investors stampeded after Beijing eliminated trading tax and Hong Kong added liquidity to the market. Earlier, the U.S Fed and five other central banks added $247 billion in liquidity in the global credit markets. HK Monetary Authority added $1.56 billion in liquidity. Banks in China surged. ICBC, China Construction surged 16% and HSBC added 7.5%. Property stocks scaled higher. Shipping lines surged more than 25% after freight index rose.
123jump.com Staff
19 Sep, 2008
New York City
Stocks in Japan rose after the Bank of Japan in coordination with other central banks added liquidity in the system. The new dollar liquidity is expected to unlock inter-bank lending. Nikkei 225 index rose 3.8% after U.S. markets surged in the overnight trading on the hopes that the U.S. government will purchase troubled mortgages. Banks, shipping lines, realtors and export sensitive stocks rallied. Separately, Toshiba lowered its annual sales outlook for the current fiscal year.
123jump.com Staff
19 Sep, 2008
New York City
Stocks in UK and Europe soar as optimism returned to the markets. UK benchmark index surged 8.9% and indexes in Paris soared 9%, in Germany scaled 5.6% and in Switzerland rose 6%. UK and US regulators banned short selling in financial stocks. The move lifted financial stocks sharply. Royal Bank of Scotland surged 31% and led gainers in the FTSE 100 index. Realty stocks closed surged on the U.S. plan to inject liquidity in mortgage market. Russian market index soared 29%.
123jump.com Staff
22 Sep, 2008
New York City
Stocks in Mumbai fell after crude oil futures rose and rupee fell against the dollar. Reliance Industries began its oil production from deep water wells near Gujarat State Investors fear that ongoing dispute on its sale price may drag beyond its peak production in February 2009.
123jump.com Staff
22 Sep, 2008
New York City
U.S. stocks drop after investors worried that bailout plan may be inadequate and the economy may still slide into a recession as the Republican administration carries out the largest bailout of banks. Gold and crude oil surges 5%, silver soars 8%. Dollar plunged against euro and yen.
123jump.com Staff
22 Sep, 2008
New York City
Stocks in London fell after the U.S. lawmakers debate the merits and details of $700 billion bailout plan. Nomura of Japan is the top contender for Lehman Brothers asssets in Europe and Asia. UK home prices fel 3.3% in September from a year ago as credit markets remain tight. Oil prices surge.
123jump.com Staff
19 Sep, 2008
New York City
Stocks in India tracked the rebound in the U.S. and Asian markets. In the overnight trading market averages in the U.S. surged on the optimism that the government plan to inject capital in the mortgage market will improve liquidity. Banks, realty and IT sector stocks rallied. The Sensex index surged 5.5% on 3 of 2 stocks closing higher. Satyam Computer Services and ICICI Bank increased rose 10%. Reliance Industries rose 6% after the company struck oil in 8 more locations.
123jump.com Staff
19 Sep, 2008
New York City
Stocks rallied in the U.S. and Europe after the U.S. government expanded its involvement in supporting the faltering mortgage markets and offered an insurance plan for money market fund. The government is struggling to come up with comprehensive plan to tackle the falling housing market, but so far has offered a piecemeal solution. The additional liquidity provided by the Fed of $188 billion failed to lift market confidence.
