123jump.com Staff
02 Sep, 2008
New York City
Stocks in Japan tracked losses in commodities prices and fell 1.75%. A two-day sharp fall in crude oil prices dragged oil prices down nearly 10%. Inpex Holdings led decliners in the Nikkei 225 index shares with a fall of 6.7% followed by losses in Toho Zinc of 6.2%, in Takashimaya of 6%, in Nippon Sheet Glass of 5.9%, and GS Yuasa Corp. of 5.2%. Japan is increasingly likely to head for a national election as voters demand a change and faster political actions.
123jump.com Staff
02 Sep, 2008
New York City
UK stocks struggled to close higher and pound fell for the sixth day in a row against euro and dollar. A sharp drop in crude oil prices for the second day in a row with a total loss of 10% dragged stocks in the mining and energy sectors which dominate the benchmark FTSE 100 index. UK pound fell as investors worry that economy will remain in slump for the rest of the year. Ashtead Group, the equipment rental company surged 9% after it reported better than expected sales and earnings gains.
123jump.com Staff
02 Sep, 2008
New York City
Indian stocks rose sharply with a drop in crude oil prices for the second day in a row. Oil in two days fell 10% and traded as low as $108 a barrel. Further losses are expected in the oil prices and may test $100 level in the next three weeks. Stocks responded with sharp gains. Sensex and CNX Nifty added more than 3.5%. Banks and realty stocks surged with a decline in crude oil prices. Kotak Mahindra Bank rose 10%, State Bank of India gained 7.5% and Jet Airways increased 9.6%.
123jump.com Staff
02 Sep, 2008
New York City
U.S. stocks edged more than 1% after a drop in crude oil price. The oil prices fell more than 6% after dropping 4% yesterday. Other commodities prices fell as well dragging stocks of oil and metals mining companies. Transportation stocks rose. UAL, AMR, Delta and railroad companies reached higher. The Reserve Bank of Australia cut its key lending rate by 25 basis points for the first time in seven years.
123jump.com Staff
01 Sep, 2008
New York City
Crude oil futures fell after the slow moving storm Gustav in the Gulf of Mexico was estimated to cause less damage than feared. The British pound fell to a two-year low to below $1.80 after mortgage approvals fell and manufacturing index showed a contraction. India exports in July increased 31.2% from a year ago to $16.3 billion after increasing at 23.5% in June. Japan auto sales in August declined and are likely to fall for the year, Toyota and Nissan sales fell but Honda sales increased.
123jump.com Staff
01 Sep, 2008
New York City
Hong Kong stocks fell led by technology companies after personal computer maker Dell fiscal second quarter profit slumped 17%. Aluminum Corporation of China Limited, the largest producer of aluminum said first-half revenues dropped 64.08% to Rmb3.5 billion. Net profit in the quarter declined 65.56% to Rmb2.4 billion or Rmb18 per share.
123jump.com Staff
01 Sep, 2008
New York City
Auto sales in August declined and are likely to fall for the year. Toyota, Honda and Nissan fell between 2% and 3% in trading. A day ago, Yasuo Fukuda, the prime minister of Japan resigned after months of trying to cobble a consensus on economic policites and political agenda that will lower government spending. Taro Aso is likely to lead LDP party election and may be voted as a replacement.
123jump.com Staff
01 Sep, 2008
New York City
Exports in July increased 31.2% from a year ago to $16.34 billion after increasing at 23.5% in June. Imports rose 48.1% to $27.14 billion, yielding a trade deficit of $10.8 billion. The monthly trade deficits have been hovering around $10 billion and is expected to top $120 billion for the current fiscal year. Rising crude oil prices in the month contributed to 70% of the imports. Separately, monthly unit sales of Maruti Suzuki fell 9% in August from a year ago to 59,908.
123jump.com Staff
01 Sep, 2008
New York City
The British pound fell to a two-year low to below $1.80 after mortgage approvals fell and manufacturing index showed a contraction. Base metals and precious metals prices fell in London. Crude oil prices dropped as impending tropical storm in the Gulf of Mexico weakened. Headlam Group declined 14% after it reported profit decline of 3.9%. Kenmare Resources, the titanium miner in Mozambique fell 10% after its sold $30 million in an offering.
123jump.com Staff
29 Aug, 2008
New York City
The latest report on personal spending suggested a declining trend and a weak earnings from Dell dragged tech and retail stocks lower. Starbucks, Whole Foods, Darden Restaurants, Amazon, Target, Wal-Mart fell. Dell, Research in Motion, Intel, Apple and IBM fell as Nasdaq dropped more than 1.7%. Latin American markets closed lower across the region. European markets closed higher after Commerzbank may buy Dresdner Bank for 9 billion euros.
123jump.com Staff
28 Aug, 2008
New York City
In London trading FTSE 100 rose 1.32% or 73.1 to 5,601.20. Of the 102 FTSE 100 stocks 83 rose, 18 declined, and 1 was unchanged. Sainsbury led advancers in the index shares with a rise of 7.92% followed by Wolseley increasing 5.87%. Nationwide Building Society reported today that house prices fell 1.9% from a month ago and 10.5% from the previous year to
123jump.com Staff
28 Aug, 2008
New York City
The Ministry of Commerce reported today that India
123jump.com Staff
29 Aug, 2008
New York City
The Statistics Bureau in Japan reported on its Web site today that the consumer price index in Japan rose 0.2% from the previous month and gained 2.3% from a year earlier. In Tokyo trading Nikkei 225 index rose 2.4% today and added 3.2% for the week and dropped 2.3% for the month, and the broader Topix Index rose 2.9% in the session. Industrial production rose 0.9% in July after it fell 2.2% in June. Nisshinbo Industries led advancers in the Nikkei 225 index shares with a rise of 10.47%.
123jump.com Staff
29 Aug, 2008
New York City
U.S. stocks fell in the morning after weaker than expected data on personal consumption and expenditure. Crude oil gained as tropical storm brewed in the Gulf of Mexico. A decline in earnings from Dell suggested a slower spending in the U.S. and earl signs of similar trends in Europe and Asia. Consumer spending in July rose 0.2% after rising at 0.6% in June according to the latest data from the Commerce Department. Personal income dropped 0.7% after rising 0.1% in June and 1.8% in May.
123jump.com Staff
28 Aug, 2008
New York City
U.S. stocks rose in the morning trading after the release of second quarter economic growth and weekly unemployment data. In the quarter economic growth boosted at 3.3% annual rate on rising exports on lower dollar and stimulus package from the government. Weekly unemployment claims matched the forecast but were at elevated level. Sears contune to struggle in sales as reported in the latest quarter.
